Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
CCI.PRA was delisted on the 31st of July, 2020.
69 hedge funds and large institutions have $2.31B invested in Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 37 reducing their positions, and 14 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 6 → 9 (+3)
16% more capital invested
Capital invested by funds: $1.99B → $2.31B (+$321M)
10% less funds holding
Funds holding: 77 → 69 (-8)
57% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 14
62% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KKRC
Kohlberg Kravis Roberts & Co
New York
|
+$148M |
| 2 |
BCM
Bluefin Capital Management
New York
|
+$96.7M |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
+$55.5M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$45.5M |
| 5 |
ES
Equitec Specialists
Chicago,
Illinois
|
+$44.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Camden Asset Management
Los Angeles,
California
|
-$122M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$77.9M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$41.4M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$29.9M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$20.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Parallax Volatility Advisers
San Francisco,
California
| – | -$13.1M | -5,000 | Closed |
|
77
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$4.54M | -3,630 | Closed |
|
|
AGC
78
Angelo Gordon & Co
New York
| – | -$4.53M | -3,500 | Closed |
|
|
MSU
79
Mizuho Securities USA
New York
| – | -$1.91M | -1,500 | Closed |
|
|
TA
80
Teton Advisors
Rye,
New York
| – | -$655K | -504 | Closed |
|
81
1832 Asset Management
Toronto,
Ontario, Canada
| – | -$507K | -380 | Closed |
|
|
EAM
82
Eventide Asset Management
Boston,
Massachusetts
| – | -$400K | -320 | Closed |
|
83
Northern Trust
Chicago,
Illinois
| – | -$375K | -300 | Closed |
|
84
Barclays
London,
United Kingdom
| – | -$343K | -274 | Closed |
|
|
GI
85
GAMCO Investors
Greenwich,
Connecticut
| – | -$339K | -261 | Closed |
|
86
US Bancorp
Minneapolis,
Minnesota
| – | -$19K | -15 | Closed |
|
CCI.PRA Hedge Fund Activity: Q2 2020 in Review
69 of the 4,877 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 Q2 2020, worth a combined $2.31B — up 16% from $1.99B a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of CCI.PRA and 6 opened new positions — a net loss of 8 holders — while 37 trimmed existing stakes and 14 added.
The largest buyer was Kohlberg Kravis Roberts & Co, opening a new position worth an estimated $148M. The largest seller was Camden Asset Management, exiting entirely with an estimated $122M sold.
- 69 institutional investors held Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A (CCI.PRA) as of Q2 2020, down from 77 in Q1 2020.
- Funds reported $2.31B of Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A stock for Q2 2020, up 16% quarter-over-quarter.
- 6 funds opened new Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A positions in Q2 2020 and 14 closed out, a net change of -8 holders.
- The largest Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A buyer in Q2 2020 was Kohlberg Kravis Roberts & Co, an estimated $148M added.
- The largest Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A seller in Q2 2020 was Camden Asset Management, an estimated $122M sold.
Based on aggregated 13F filings for Q2 2020.