Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
FTRPR was delisted on the 29th of June, 2018.
68 hedge funds and large institutions have $1.92B invested in Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock in 2016 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 23 increasing their positions, 16 reducing their positions, and 8 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
100% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 8
44% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 16
13% more funds holding
Funds holding: 60 → 68 (+8)
6% more capital invested
Capital invested by funds: $1.81B → $1.92B (+$113M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$36M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$29.5M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$17.7M |
| 4 |
OTC
Opera Trading Capital
Paris,
France
|
+$16.8M |
| 5 |
SC
Sculptor Capital
New York
|
+$16.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
Baupost Group
Boston,
Massachusetts
|
-$29.8M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$22.9M |
| 3 |
ACM
Advent Capital Management
New York
|
-$18.7M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$13.6M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$13.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PMAM
76
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
| – | -$1.05M | -11,500 | Closed |
|
|
SCM
77
Sandler Capital Management
New York
| – | -$756K | -8,250 | Closed |
|
78
First Trust Advisors
Wheaton,
Illinois
| – | -$549K | -6,000 | Closed |
|
|
CA
79
Cetera Advisors
Denver,
Colorado
| – | -$309K | -3,375 | Closed |
|
|
WAM
80
Wolverine Asset Management
Chicago,
Illinois
| – | -$209K | -2,295 | Closed |
|
81
Citadel Advisors
Miami,
Florida
| – | -$44K | -485 | Closed |
|
FTRPR Hedge Fund Activity: Q1 2016 in Review
68 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock (FTRPR) for Q1 2016, worth a combined $1.92B — up 6.2% from $1.81B a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new FTRPR positions and 8 closed out — a net gain of 8 holders — while 23 added to existing stakes and 16 trimmed.
The largest buyer was State Street, opening a new position worth an estimated $36M. The largest seller was Baupost Group, exiting entirely with an estimated $29.8M sold.
- 68 institutional investors held Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock (FTRPR) as of Q1 2016, up from 60 in Q4 2015.
- Funds reported $1.92B of Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock stock for Q1 2016, up 6.2% quarter-over-quarter.
- 16 funds opened new Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock positions in Q1 2016 and 8 closed out, a net change of +8 holders.
- The largest Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock buyer in Q1 2016 was State Street, an estimated $36M added.
- The largest Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock seller in Q1 2016 was Baupost Group, an estimated $29.8M sold.
Based on aggregated 13F filings for Q1 2016.