Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value
AIZP
AIZP was delisted on the 12th of March, 2021.
5 hedge funds and large institutions have $75.1M invested in Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value in 2020 Q4 according to their latest regulatory filings, with 0 funds opening new positions, 3 increasing their positions, 1 reducing their positions, and 23 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 1
76% less capital invested
Capital invested by funds: $317M → $75.1M (-$242M)
82% less funds holding
Funds holding: 28 → 5 (-23)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Calamos Advisors
Naperville,
Illinois
|
+$592K |
| 2 |
LTI
Laffer Tengler Investments
Nashville,
Tennessee
|
+$23.9K |
| 3 |
CWM
Calamos Wealth Management
Naperville,
Illinois
|
+$14.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$68.8M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$44.6M |
| 3 |
BlackRock
New York
|
-$24.7M |
| 4 |
TSS
Two Sigma Securities
New York
|
-$23.7M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Osaic Holdings
Scottsdale,
Arizona
| – | -$74K | -634 | Closed |
|
|
TFS
27
TrustCore Financial Services
Brentwood,
Tennessee
| – | -$44K | -375 | Closed |
|
28
UBS Group
Zurich,
Switzerland
| – | -$13K | -113 | Closed |
|
AIZP Hedge Fund Activity: Q4 2020 in Review
5 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value (AIZP) for Q4 2020, worth a combined $75.1M — down 76% from $317M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of AIZP and 0 opened new positions — a net loss of 23 holders — while 1 trimmed existing stakes and 3 added.
The largest buyer was Calamos Advisors, adding an estimated $592K. The largest seller was Allianz Asset Management, exiting entirely with an estimated $68.8M sold.
- 5 institutional investors held Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value (AIZP) as of Q4 2020, down from 28 in Q3 2020.
- Funds reported $75.1M of Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value stock for Q4 2020, down 76% quarter-over-quarter.
- 0 funds opened new Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value positions in Q4 2020 and 23 closed out, a net change of -23 holders.
- The largest Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value buyer in Q4 2020 was Calamos Advisors, an estimated $592K added.
- The largest Assurant, Inc. 6.50% Series D Mandatory Convertible Preferred Stock, $1.00 par value seller in Q4 2020 was Allianz Asset Management, an estimated $68.8M sold.
Based on aggregated 13F filings for Q4 2020.