Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock
GTXAP
GTXAP was delisted on the 12th of June, 2023.
42 hedge funds and large institutions have $1.99B invested in Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock in 2022 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
23% more capital invested
Capital invested by funds: $1.62B → $1.99B (+$371M)
20% more funds holding in top 10
Funds holding in top 10: 10 → 12 (+2)
11% more funds holding
Funds holding: 38 → 42 (+4)
29% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ER
EVR Research
Richmond,
Virginia
|
+$11.1M |
| 2 |
JCI
Jet Capital Investors
New York
|
+$6.39M |
| 3 |
SM
Skaana Management
Brooklyn,
New York
|
+$5.35M |
| 4 |
Citigroup
New York
|
+$3.54M |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$2.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
M
Murchinson
Toronto,
Ontario, Canada
|
-$10.4M |
| 2 |
SCM
Solas Capital Management
Darien,
Connecticut
|
-$3.25M |
| 3 |
BFM
Boothbay Fund Management
New York
|
-$3.2M |
| 4 |
NM
Newtyn Management
New York
|
-$2.76M |
| 5 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$978K |
GTXAP Hedge Fund Activity: Q4 2022 in Review
42 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock (GTXAP) for Q4 2022, worth a combined $1.99B — up 23% from $1.62B a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new GTXAP positions and 3 closed out — a net gain of 5 holders — while 5 added to existing stakes and 7 trimmed.
The largest buyer was EVR Research, adding an estimated $11.1M. The largest seller was Murchinson, exiting entirely with an estimated $10.4M sold.
- 42 institutional investors held Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock (GTXAP) as of Q4 2022, up from 38 in Q3 2022.
- Funds reported $1.99B of Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock stock for Q4 2022, up 23% quarter-over-quarter.
- 8 funds opened new Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock positions in Q4 2022 and 3 closed out, a net change of +5 holders.
- The largest Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock buyer in Q4 2022 was EVR Research, an estimated $11.1M added.
- The largest Garrett Motion Inc. Series A Cumulative Convertible Preferred Stock seller in Q4 2022 was Murchinson, an estimated $10.4M sold.
Based on aggregated 13F filings for Q4 2022.