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FTRPR

Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock

Delisted

FTRPR was delisted on the 29th of June, 2018.

60 hedge funds and large institutions have $1.89B invested in Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock in 2015 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 21 increasing their positions, 15 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 15

15% more capital invested

Capital invested by funds: $1.65B → $1.89B (+$239M)

26% less funds holding

Funds holding: 8160 (-21)

50% less funds holding in top 10

Funds holding in top 10: 42 (-2)

57% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 35

Holders
60
Holders Change
-21
Holders Change %
-25.93%
% of All Funds
1.68%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.06%
New
15
Increased
21
Reduced
15
Closed
35
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
LTI
1
Laffer Tengler Investments
Tennessee
$205M
Allianz Asset Management
2
Allianz Asset Management
Germany
$179M +$27.3M +272,000 +16%
Capital World Investors
3
Capital World Investors
California
$171M +$72.8M +723,970 +65%
BFA
4
BlackRock Fund Advisors
California
$131M +$141M +1,405,171 New
WRF
5
Waddell & Reed Financial
Kansas
$114M
Massachusetts Financial Services
6
Massachusetts Financial Services
Massachusetts
$109M +$9.85M +97,993 +9%
DKCM
7
Davidson Kempner Capital Management
New York
$70.2M
Jennison Associates
8
Jennison Associates
New York
$62.9M +$14.6M +144,776 +27%
ACM
9
Advent Capital Management
New York
$59.2M +$7.6M +75,600 +14%
Citigroup
10
Citigroup
New York
$55M +$23.4M +232,596 +65%
O
11
OppenheimerFunds
New York
$52.9M +$25M +248,445 +78%
Fidelity Investments
12
Fidelity Investments
Massachusetts
$50M +$1.39M +13,800 +3%
ACPU
13
Arrowgrass Capital Partners (US)
Delaware
$44M -$45.2M -450,000 Closed
Calamos Advisors
14
Calamos Advisors
Illinois
$39.3M -$753K -7,490 -2%
PI
15
Putnam Investments
Massachusetts
$36.2M -$3.18M -31,636 -8%
NIMC
16
NWQ Investment Management Company
California
$34.6M
DCM
17
Driehaus Capital Management
Illinois
$31.4M +$33.9M +337,500 New
JP Morgan Chase
18
JP Morgan Chase
New York
$30.7M +$9.2M +91,572 +38%
BG
19
Baupost Group
Massachusetts
$30.3M
CI Investments Inc
20
CI Investments Inc
Ontario, Canada
$30.3M
Ameriprise
21
Ameriprise
Minnesota
$26.1M -$6.56M -65,300 -19%
Franklin Resources
22
Franklin Resources
California
$25.7M -$28.1K -280 -0.1%
PC
23
Polar Capital
United Kingdom
$25.4M +$2.96M +29,500 +12%
Morgan Stanley
24
Morgan Stanley
New York
$23.2M +$9.1M +90,520 +57%
Invesco
25
Invesco
Georgia
$22M +$9.16M +91,100 +63%

FTRPR Hedge Fund Activity: Q3 2015 in Review

60 of the 3,582 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 2015, worth a combined $1.89B — up 15% from $1.65B a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of FTRPR and 15 opened new positions — a net loss of 20 holders — while 15 trimmed existing stakes and 21 added.

The largest buyer was BlackRock Fund Advisors, opening a new position worth an estimated $141M. The largest seller was Camden Asset Management, cutting an estimated $64.4M.

  • 60 institutional investors held Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock (FTRPR) as of Q3 2015, down from 81 in Q2 2015.
  • Funds reported $1.89B of Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock stock for Q3 2015, up 15% quarter-over-quarter.
  • 15 funds opened new Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock positions in Q3 2015 and 35 closed out, a net change of -20 holders.
  • The largest Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock buyer in Q3 2015 was BlackRock Fund Advisors, an estimated $141M added.
  • The largest Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock seller in Q3 2015 was Camden Asset Management, an estimated $64.4M sold.

Based on aggregated 13F filings for Q3 2015.