Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
CCI.PRA was delisted on the 31st of July, 2020.
77 hedge funds and large institutions have $1.99B invested in Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A in 2020 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 20 increasing their positions, 26 reducing their positions, and 8 closing their positions.
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
7% more funds holding
Funds holding: 72 → 77 (+5)
2% less capital invested
Capital invested by funds: $2.03B → $1.99B (-$37.7M)
23% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$44.4M |
| 2 |
TSS
Two Sigma Securities
New York
|
+$30M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$25M |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
+$18.1M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$13.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Calamos Advisors
Naperville,
Illinois
|
-$62.4M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$22.5M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$19.9M |
| 4 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$19.6M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$11.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PFO
76
Pathstone Family Office
Englewood,
New Jersey
| $56K | +$59.6K | +45 | New |
|
77
Royal Bank of Canada
Toronto,
Ontario, Canada
| $55K | – | – | – |
|
|
N
78
Nuveen
Charlotte,
North Carolina
| $21K | – | – | – |
|
79
US Bancorp
Minneapolis,
Minnesota
| $19K | – | – | – |
|
80
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $3K | +$2.65K | +2 | New |
|
81
Bank of Montreal
Toronto,
Ontario, Canada
| $1K | – | – | – |
|
|
WHG
82
Westwood Holdings Group
Dallas,
Texas
| – | -$19.6M | -15,295 | Closed |
|
|
LCM
83
LDR Capital Management
New York
| – | -$8.06M | -6,292 | Closed |
|
|
MF
84
Magnetar Financial
Evanston,
Illinois
| – | -$6.99M | -5,450 | Closed |
|
85
T. Rowe Price Associates
Baltimore,
Maryland
| – | -$4.7M | -3,665 | Closed |
|
|
BCM
86
BlueCrest Capital Management
St Helier,
Jersey
| – | -$2.76M | -2,152 | Closed |
|
87
Jane Street
New York
| – | -$1.79M | -1,397 | Closed |
|
88
Bank of New York Mellon
New York
| – | -$208K | -162 | Closed |
|
89
Citigroup
New York
| – | -$124K | -97 | Closed |
|
CCI.PRA Hedge Fund Activity: Q1 2020 in Review
77 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A (CCI.PRA) for Q1 2020, worth a combined $1.99B — down 1.9% from $2.03B a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new CCI.PRA positions and 8 closed out — a net gain of 7 holders — while 20 added to existing stakes and 26 trimmed.
The largest buyer was Weiss Asset Management, opening a new position worth an estimated $44.4M. The largest seller was Calamos Advisors, cutting an estimated $62.4M.
- 77 institutional investors held Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A (CCI.PRA) as of Q1 2020, up from 72 in Q4 2019.
- Funds reported $1.99B of Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A stock for Q1 2020, down 1.9% quarter-over-quarter.
- 15 funds opened new Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A positions in Q1 2020 and 8 closed out, a net change of +7 holders.
- The largest Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A buyer in Q1 2020 was Weiss Asset Management, an estimated $44.4M added.
- The largest Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A seller in Q1 2020 was Calamos Advisors, an estimated $62.4M sold.
Based on aggregated 13F filings for Q1 2020.