Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
FTRPR was delisted on the 29th of June, 2018.
41 hedge funds and large institutions have $140M invested in Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock in 2017 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 13 reducing their positions, and 10 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 13
9% less funds holding
Funds holding: 45 → 41 (-4)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
52% less capital invested
Capital invested by funds: $295M → $140M (-$155M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MVP
Miller Value Partners
Sarasota,
Florida
|
+$21M |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
+$8.4M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$8.25M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$6.38M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$24.1M |
| 2 |
FC
Finepoint Capital
Boston,
Massachusetts
|
-$11.4M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$8.47M |
| 4 |
DKCM
Davidson Kempner Capital Management
New York
|
-$7.7M |
| 5 |
SG Americas Securities
New York
|
-$5.88M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Ameriprise
Minneapolis,
Minnesota
| – | -$1.01M | -52,500 | Closed |
|
52
Bank of America
Charlotte,
North Carolina
| – | -$962K | -50,000 | Closed |
|
|
OTC
53
Opera Trading Capital
Paris,
France
| – | -$285K | -15,000 | Closed |
|
54
Goldman Sachs
New York
| – | -$252K | -13,107 | Closed |
|
FTRPR Hedge Fund Activity: Q4 2017 in Review
41 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock (FTRPR) for Q4 2017, worth a combined $140M — down 52% from $295M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of FTRPR and 7 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 14 added.
The largest buyer was Miller Value Partners, adding an estimated $21M. The largest seller was Discovery Capital Management, exiting entirely with an estimated $24.1M sold.
- 41 institutional investors held Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock (FTRPR) as of Q4 2017, down from 45 in Q3 2017.
- Funds reported $140M of Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock stock for Q4 2017, down 52% quarter-over-quarter.
- 7 funds opened new Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock positions in Q4 2017 and 10 closed out, a net change of -3 holders.
- The largest Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock buyer in Q4 2017 was Miller Value Partners, an estimated $21M added.
- The largest Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock seller in Q4 2017 was Discovery Capital Management, an estimated $24.1M sold.
Based on aggregated 13F filings for Q4 2017.