Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
FTRPR was delisted on the 29th of June, 2018.
67 hedge funds and large institutions have $1.8B invested in Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock in 2016 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 22 increasing their positions, 24 reducing their positions, and 8 closing their positions.
8% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 24
1% less funds holding
Funds holding: 68 → 67 (-1)
6% less capital invested
Capital invested by funds: $1.92B → $1.8B (-$122M)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
+$1.81B |
| 2 |
CAM
Camden Asset Management
Los Angeles,
California
|
+$79.3M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$34.1M |
| 4 |
SG Americas Securities
New York
|
+$29.1M |
| 5 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$17.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$50.1M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$29.7M |
| 3 |
Citigroup
New York
|
-$19.8M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$18.3M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$14.5M |
FTRPR Hedge Fund Activity: Q2 2016 in Review
67 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock (FTRPR) for Q2 2016, worth a combined $1.8B — down 6.3% from $1.92B a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FTRPR and 7 opened new positions — a net loss of 1 holder — while 24 trimmed existing stakes and 22 added.
The largest buyer was BlueCrest Capital Management, adding an estimated $1.81B. The largest seller was Waddell & Reed Financial, cutting an estimated $50.1M.
- 67 institutional investors held Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock (FTRPR) as of Q2 2016, down from 68 in Q1 2016.
- Funds reported $1.8B of Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock stock for Q2 2016, down 6.3% quarter-over-quarter.
- 7 funds opened new Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock positions in Q2 2016 and 8 closed out, a net change of -1 holder.
- The largest Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock buyer in Q2 2016 was BlueCrest Capital Management, an estimated $1.81B added.
- The largest Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock seller in Q2 2016 was Waddell & Reed Financial, an estimated $50.1M sold.
Based on aggregated 13F filings for Q2 2016.