Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
FTRPR was delisted on the 29th of June, 2018.
49 hedge funds and large institutions have $494M invested in Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 13 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
27% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 15
16% less funds holding
Funds holding: 58 → 49 (-9)
41% less capital invested
Capital invested by funds: $835M → $494M (-$340M)
69% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$27.1M |
| 2 |
SG Americas Securities
New York
|
+$18.8M |
| 3 |
HHC
Hutchin Hill Capital
New York
|
+$10.5M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$5.33M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$4.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$32M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$9.07M |
| 3 |
Barclays
London,
United Kingdom
|
-$8.9M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$7.08M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$5.23M |
FTRPR Hedge Fund Activity: Q2 2017 in Review
49 of the 4,011 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 2017, worth a combined $494M — down 41% from $835M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FTRPR and 4 opened new positions — a net loss of 9 holders — while 15 trimmed existing stakes and 19 added.
The largest buyer was UBS O'Connor, adding an estimated $27.1M. The largest seller was Jennison Associates, exiting entirely with an estimated $32M sold.
- 49 institutional investors held Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock (FTRPR) as of Q2 2017, down from 58 in Q1 2017.
- Funds reported $494M of Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock stock for Q2 2017, down 41% quarter-over-quarter.
- 4 funds opened new Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock positions in Q2 2017 and 13 closed out, a net change of -9 holders.
- The largest Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock buyer in Q2 2017 was UBS O'Connor, an estimated $27.1M added.
- The largest Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock seller in Q2 2017 was Jennison Associates, an estimated $32M sold.
Based on aggregated 13F filings for Q2 2017.