Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
FTRPR was delisted on the 29th of June, 2018.
42 hedge funds and large institutions have $145M invested in Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock in 2017 Q4 according to their latest regulatory filings, with 8 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
7% less funds holding
Funds holding: 45 → 42 (-3)
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
51% less capital invested
Capital invested by funds: $295M → $145M (-$150M)
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 |
SC
Sculptor Capital
New York
|
+$7.3M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$6.38M |
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 |
FTRPR Hedge Fund Activity: Q4 2017 in Review
42 of the 4,419 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 $145M — down 51% from $295M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of FTRPR and 8 opened new positions — a net loss of 2 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.
- 42 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 $145M of Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock stock for Q4 2017, down 51% quarter-over-quarter.
- 8 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 -2 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.