Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock
GTXAP
GTXAP was delisted on the 12th of June, 2023.
38 hedge funds and large institutions have $1.62B invested in Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock in 2022 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
9% more funds holding
Funds holding: 35 → 38 (+3)
9% less funds holding in top 10
Funds holding in top 10: 11 → 10 (-1)
12% less capital invested
Capital invested by funds: $1.83B → $1.62B (-$211M)
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
Barings
Charlotte,
North Carolina
|
+$18.4M |
| 2 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$3.62M |
| 3 |
TL
TowerView LLC
New York
|
+$518K |
| 4 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
+$477K |
| 5 |
KWA
KCS Wealth Advisory
Los Angeles,
California
|
+$404K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Forager Capital Management
Birmingham,
Alabama
|
-$5.5M |
| 2 |
SCM
Solas Capital Management
Darien,
Connecticut
|
-$3.86M |
| 3 |
GCM
Granby Capital Management
Miami Beach,
Florida
|
-$1.24M |
| 4 |
SM
Skaana Management
Brooklyn,
New York
|
-$697K |
| 5 |
NM
Newtyn Management
New York
|
-$440K |
GTXAP Hedge Fund Activity: Q3 2022 in Review
38 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock (GTXAP) for Q3 2022, worth a combined $1.62B — down 12% from $1.83B a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new GTXAP positions and 1 closed out — a net gain of 3 holders — while 6 added to existing stakes and 10 trimmed.
The largest buyer was Barings, opening a new position worth an estimated $18.4M. The largest seller was Forager Capital Management, exiting entirely with an estimated $5.5M sold.
- 38 institutional investors held Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock (GTXAP) as of Q3 2022, up from 35 in Q2 2022.
- Funds reported $1.62B of Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock stock for Q3 2022, down 12% quarter-over-quarter.
- 4 funds opened new Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock positions in Q3 2022 and 1 closed out, a net change of +3 holders.
- The largest Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock buyer in Q3 2022 was Barings, an estimated $18.4M added.
- The largest Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock seller in Q3 2022 was Forager Capital Management, an estimated $5.5M sold.
Based on aggregated 13F filings for Q3 2022.