Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
FTRPR was delisted on the 29th of June, 2018.
45 hedge funds and large institutions have $295M invested in Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 16 reducing their positions, and 8 closing their positions.
8% less funds holding
Funds holding: 49 → 45 (-4)
13% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 16
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
40% less capital invested
Capital invested by funds: $494M → $295M (-$199M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$29.5M |
| 2 |
HI
HBK Investments
Dallas,
Texas
|
+$7.67M |
| 3 |
BlackRock
New York
|
+$3.59M |
| 4 |
MVP
Miller Value Partners
Sarasota,
Florida
|
+$2.95M |
| 5 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$2.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HHC
Hutchin Hill Capital
New York
|
-$28.8M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$25.2M |
| 3 |
CAM
Camden Asset Management
Los Angeles,
California
|
-$17.4M |
| 4 |
DKCM
Davidson Kempner Capital Management
New York
|
-$7.08M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAM
51
Camden Asset Management
Los Angeles,
California
| – | -$17.4M | -602,908 | Closed |
|
|
PI
52
Putnam Investments
Boston,
Massachusetts
| – | -$6M | -207,868 | Closed |
|
53
Barclays
London,
United Kingdom
| – | -$1.18M | -40,000 | Closed |
|
|
BI
54
Bramshill Investments
Naples,
Florida
| – | -$439K | -15,139 | Closed |
|
55
Creative Planning
Overland Park,
Kansas
| – | -$333K | -11,314 | Closed |
|
|
RJFSA
56
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$206K | -7,005 | Closed |
|
FTRPR Hedge Fund Activity: Q3 2017 in Review
45 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 Q3 2017, worth a combined $295M — down 40% from $494M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FTRPR and 5 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 14 added.
The largest buyer was Discovery Capital Management, opening a new position worth an estimated $29.5M. The largest seller was Hutchin Hill Capital, exiting entirely with an estimated $28.8M sold.
- 45 institutional investors held Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock (FTRPR) as of Q3 2017, down from 49 in Q2 2017.
- Funds reported $295M of Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock stock for Q3 2017, down 40% quarter-over-quarter.
- 5 funds opened new Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock positions in Q3 2017 and 8 closed out, a net change of -3 holders.
- The largest Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock buyer in Q3 2017 was Discovery Capital Management, an estimated $29.5M added.
- The largest Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock seller in Q3 2017 was Hutchin Hill Capital, an estimated $28.8M sold.
Based on aggregated 13F filings for Q3 2017.