INTELSAT S A MANDATORY CONV JR NON VTG PFD SHS (LUX)
I.PRA
I.PRA was delisted on the 29th of April, 2016.
22 hedge funds and large institutions have $142M invested in INTELSAT S A MANDATORY CONV JR NON VTG PFD SHS (LUX) in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 3 reducing their positions, and 7 closing their positions.
233% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 3
8% more capital invested
Capital invested by funds: $132M → $142M (+$10.3M)
12% less funds holding
Funds holding: 25 → 22 (-3)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$18.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$11.3M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$9.92M |
| 4 |
CAM
Camden Asset Management
Los Angeles,
California
|
+$3.54M |
| 5 |
Citigroup
New York
|
+$2.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$12.3M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$11.5M |
| 3 |
WAM
Watershed Asset Management
San Francisco,
California
|
-$8M |
| 4 |
ACG
Anchorage Capital Group
New York
|
-$7.46M |
| 5 |
SAAM
Solus Alternative Asset Management
Summit,
New Jersey
|
-$2.56M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
26
Watershed Asset Management
San Francisco,
California
| – | -$8M | -157,100 | Closed |
|
|
SAAM
27
Solus Alternative Asset Management
Summit,
New Jersey
| – | -$2.56M | -50,200 | Closed |
|
28
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$1.52M | -29,900 | Closed |
|
|
PCM
29
Penn Capital Management
Philadelphia,
Pennsylvania
| – | -$502K | -9,860 | Closed |
|
|
GSC
30
Ground Swell Capital
Folly Beach,
South Carolina
| – | -$1K | -10 | Closed |
|
I.PRA Hedge Fund Activity: Q3 2014 in Review
22 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in INTELSAT S A MANDATORY CONV JR NON VTG PFD SHS (LUX) (I.PRA) for Q3 2014, worth a combined $142M — up 7.8% from $132M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of I.PRA and 4 opened new positions — a net loss of 3 holders — while 3 trimmed existing stakes and 10 added.
The largest buyer was JP Morgan Chase, opening a new position worth an estimated $18.5M. The largest seller was Jennison Associates, exiting entirely with an estimated $12.3M sold.
- 22 institutional investors held INTELSAT S A MANDATORY CONV JR NON VTG PFD SHS (LUX) (I.PRA) as of Q3 2014, down from 25 in Q2 2014.
- Funds reported $142M of INTELSAT S A MANDATORY CONV JR NON VTG PFD SHS (LUX) stock for Q3 2014, up 7.8% quarter-over-quarter.
- 4 funds opened new INTELSAT S A MANDATORY CONV JR NON VTG PFD SHS (LUX) positions in Q3 2014 and 7 closed out, a net change of -3 holders.
- The largest INTELSAT S A MANDATORY CONV JR NON VTG PFD SHS (LUX) buyer in Q3 2014 was JP Morgan Chase, an estimated $18.5M added.
- The largest INTELSAT S A MANDATORY CONV JR NON VTG PFD SHS (LUX) seller in Q3 2014 was Jennison Associates, an estimated $12.3M sold.
Based on aggregated 13F filings for Q3 2014.