Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
FTRPR was delisted on the 29th of June, 2018.
61 hedge funds and large institutions have $1.22B invested in Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock in 2016 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 20 reducing their positions, and 13 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 20
8% less funds holding
Funds holding: 66 → 61 (-5)
15% less capital invested
Capital invested by funds: $1.43B → $1.22B (-$214M)
38% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$38.4M |
| 2 |
DKCM
Davidson Kempner Capital Management
New York
|
+$15.3M |
| 3 |
MAM
Myriad Asset Management
North Point,
Hong Kong
|
+$15.3M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$12.9M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$40.6M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$34.8M |
| 3 |
Calamos Advisors
Naperville,
Illinois
|
-$15.9M |
| 4 |
VSI
Verde Servicos Internacionais
Sao Paulo,
Brazil
|
-$12.9M |
| 5 |
SIM
SSI Investment Management
Los Angeles,
California
|
-$6.97M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Creative Planning
Overland Park,
Kansas
| – | -$2K | -25 | Closed |
|
FTRPR Hedge Fund Activity: Q4 2016 in Review
61 of the 4,000 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 2016, worth a combined $1.22B — down 15% from $1.43B a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FTRPR and 8 opened new positions — a net loss of 5 holders — while 20 trimmed existing stakes and 25 added.
The largest buyer was State Street, opening a new position worth an estimated $38.4M. The largest seller was AQR Arbitrage, exiting entirely with an estimated $40.6M sold.
- 61 institutional investors held Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock (FTRPR) as of Q4 2016, down from 66 in Q3 2016.
- Funds reported $1.22B of Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock stock for Q4 2016, down 15% quarter-over-quarter.
- 8 funds opened new Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock positions in Q4 2016 and 13 closed out, a net change of -5 holders.
- The largest Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock buyer in Q4 2016 was State Street, an estimated $38.4M added.
- The largest Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock seller in Q4 2016 was AQR Arbitrage, an estimated $40.6M sold.
Based on aggregated 13F filings for Q4 2016.