GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2
ALLY.PRA
ALLY.PRA was delisted on the 14th of October, 2021.
6 hedge funds and large institutions have $24.2M invested in GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, reducing their positions, and 2 closing their positions.
6% more capital invested
Capital invested by funds: $23M → $24.2M (+$1.27M)
0% more funds holding
Funds holding: 6 → 6 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECM
Estabrook Capital Management
New York
|
+$518K |
| 2 |
SAM
Shikiar Asset Management
New York
|
+$396K |
| 3 |
SCM
Snow Capital Management
Sewickley,
Pennsylvania
|
+$239K |
| 4 |
PNC
Park National Corp
Newark,
Ohio
|
+$199K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$24K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IR
IAT Reinsurance
New York
|
-$496K |
| 2 |
SAM
Sunnymeath Asset Management
Red Bank,
New Jersey
|
-$125K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TIM
1
Thornburg Investment Management
Santa Fe,
New Mexico
| $20.3M | – | – | – |
|
|
SAM
2
Shikiar Asset Management
New York
| $2.75M | +$396K | +15,700 | +17% |
|
|
ECM
3
Estabrook Capital Management
New York
| $616K | +$518K | +20,500 | +550% |
|
|
SCM
4
Snow Capital Management
Sewickley,
Pennsylvania
| $241K | +$239K | +9,480 | New |
|
|
PNC
5
Park National Corp
Newark,
Ohio
| $201K | +$199K | +7,880 | New |
|
|
6
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $95K | +$24K | +950 | +34% |
|
|
IR
7
IAT Reinsurance
New York
| – | -$496K | -20,000 | Closed |
|
|
SAM
8
Sunnymeath Asset Management
Red Bank,
New Jersey
| – | -$125K | -5,000 | Closed |
|
ALLY.PRA Hedge Fund Activity: Q3 2016 in Review
6 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 (ALLY.PRA) for Q3 2016, worth a combined $24.2M — up 5.5% from $23M a quarter earlier.
Fund positioning in ALLY.PRA was balanced in Q3 2016: 2 funds opened new positions, 2 closed out, 3 added to existing stakes and 0 trimmed.
The largest buyer was Estabrook Capital Management, adding an estimated $518K. The largest seller was IAT Reinsurance, exiting entirely with an estimated $496K sold.
- 6 institutional investors held GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 (ALLY.PRA) as of Q3 2016, unchanged from Q2 2016.
- Funds reported $24.2M of GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 stock for Q3 2016, up 5.5% quarter-over-quarter.
- 2 funds opened new GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 positions in Q3 2016 and 2 closed out, a net change of 0 holders.
- The largest GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 buyer in Q3 2016 was Estabrook Capital Management, an estimated $518K added.
- The largest GMAC Capital Trust I 8.125% Fixed Rate/Floating Rate Trust Preferred Securities, Series 2 seller in Q3 2016 was IAT Reinsurance, an estimated $496K sold.
Based on aggregated 13F filings for Q3 2016.