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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.

38 hedge funds and large institutions have $149M invested in Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock in 2018 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

30% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 10

6% more capital invested

Capital invested by funds: $140M → $149M (+$8.45M)

7% less funds holding

Funds holding: 4138 (-3)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
38
Holders Change
-3
Holders Change %
-7.32%
% of All Funds
0.87%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
13
Reduced
10
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$27.3M +$822K +66,303 +3%
HI
2
HBK Investments
Texas
$18.3M +$12.5M +1,010,000 +170%
Allianz Asset Management
3
Allianz Asset Management
Germany
$15.7M
WAM
4
Weiss Asset Management
Massachusetts
$14.9M +$9.53M +768,015 +146%
CS
5
Credit Suisse
Switzerland
$13.7M +$6.77M +545,572 +84%
Capital World Investors
6
Capital World Investors
California
$9.81M
CL
7
CSS LLC
Illinois
$5.68M -$1.73M -139,429 -22%
State Street
8
State Street
Massachusetts
$5.55M -$360K -29,000 -6%
D.E. Shaw & Co
9
D.E. Shaw & Co
New York
$4.3M +$4.65M +375,000 New
WRF
10
Waddell & Reed Financial
Kansas
$3.43M
Susquehanna International Group
11
Susquehanna International Group
Pennsylvania
$3.34M -$1.14M -92,258 -24%
WAM
12
Wolverine Asset Management
Illinois
$3.28M -$1.52M -122,797 -30%
BSP
13
Benefit Street Partners
New York
$2.76M +$3.1M +250,000 New
SG Americas Securities
14
SG Americas Securities
New York
$2.37M +$1.24M +100,000 +94%
RCA
15
Restructuring Capital Associates
Connecticut
$2.27M -$28K -2,257 -1%
VanEck Associates
16
VanEck Associates
New York
$2.15M +$56.1K +4,524 +2%
Calamos Advisors
17
Calamos Advisors
Illinois
$1.72M
Morgan Stanley
18
Morgan Stanley
New York
$1.51M -$373K -30,104 -18%
GXMC
19
Global X Management Company
New York
$1.44M +$101K +8,109 +7%
Citigroup
20
Citigroup
New York
$1.26M
GF
21
Gabelli Funds
New York
$1.14M +$428K +34,500 +53%
Fidelity International
22
Fidelity International
Bermuda
$1.11M
PCM
23
Palisade Capital Management
New Jersey
$1.06M
JP Morgan Chase
24
JP Morgan Chase
New York
$820K -$598K -48,208 -40%
SB
25
Suntrust Banks
Georgia
$675K +$233K +18,812 +47%

FTRPR Hedge Fund Activity: Q1 2018 in Review

38 of the 4,363 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 2018, worth a combined $149M — up 6% from $140M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of FTRPR and 5 opened new positions — a net loss of 3 holders — while 10 trimmed existing stakes and 13 added.

The largest buyer was HBK Investments, adding an estimated $12.5M. The largest seller was OppenheimerFunds, exiting entirely with an estimated $9.68M sold.

  • 38 institutional investors held Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock (FTRPR) as of Q1 2018, down from 41 in Q4 2017.
  • Funds reported $149M of Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock stock for Q1 2018, up 6% quarter-over-quarter.
  • 5 funds opened new Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock positions in Q1 2018 and 8 closed out, a net change of -3 holders.
  • The largest Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock buyer in Q1 2018 was HBK Investments, an estimated $12.5M added.
  • The largest Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock seller in Q1 2018 was OppenheimerFunds, an estimated $9.68M sold.

Based on aggregated 13F filings for Q1 2018.