Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock
IIVI
IIVI was delisted on the 30th of June, 2023.
30 hedge funds and large institutions have $281M invested in Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock in 2022 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 8 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 7
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
12% less funds holding
Funds holding: 34 → 30 (-4)
33% less capital invested
Capital invested by funds: $422M → $281M (-$141M)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
+$38.8M |
| 2 |
CCM
Chicago Capital Management
Chicago,
Illinois
|
+$10.3M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$7.44M |
| 4 |
Jane Street
New York
|
+$7.3M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$6.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HSBC Holdings
London,
United Kingdom
|
-$79.8M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$41M |
| 3 |
JP Morgan Chase
New York
|
-$6.33M |
| 4 |
SM
Skaana Management
Brooklyn,
New York
|
-$5.87M |
| 5 |
Morgan Stanley
New York
|
-$4.61M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Morgan Stanley
New York
| $526K | -$4.61M | -22,701 | -87% |
|
|
CL
27
CSS LLC
Chicago,
Illinois
| $427K | +$294K | +1,444 | +115% |
|
28
Bank of America
Charlotte,
North Carolina
| $217K | -$14K | -69 | -5% |
|
29
Royal Bank of Canada
Toronto,
Ontario, Canada
| $137K | – | – | – |
|
30
Fifth Third Bancorp
Cincinnati,
Ohio
| $30K | – | – | – |
|
31
Osaic Holdings
Scottsdale,
Arizona
| $19K | -$203 | -1 | -0.8% |
|
|
32
HSBC Holdings
London,
United Kingdom
| – | -$79.8M | -367,000 | Closed |
|
|
33
Allianz Asset Management
Munich,
Germany
| – | -$41M | -190,675 | Closed |
|
|
34
JP Morgan Chase
New York
| – | -$6.33M | -29,463 | Closed |
|
35
Wellington Management Group
Boston,
Massachusetts
| – | -$334K | -1,551 | Closed |
|
36
Envestnet Asset Management
Chicago,
Illinois
| – | -$244K | -1,135 | Closed |
|
37
Invesco
Atlanta,
Georgia
| – | -$237K | -1,100 | Closed |
|
|
NFSG
38
Newbridge Financial Services Group
Boca Raton,
Florida
| – | -$11K | -50 | Closed |
|
|
UB
39
UMB Bank
Kansas City,
Missouri
| – | -$3K | -14 | Closed |
|
IIVI Hedge Fund Activity: Q3 2022 in Review
30 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock (IIVI) for Q3 2022, worth a combined $281M — down 33% from $422M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of IIVI and 5 opened new positions — a net loss of 3 holders — while 7 trimmed existing stakes and 12 added.
The largest buyer was VOYA Investment Management, opening a new position worth an estimated $38.8M. The largest seller was HSBC Holdings, exiting entirely with an estimated $79.8M sold.
- 30 institutional investors held Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock (IIVI) as of Q3 2022, down from 34 in Q2 2022.
- Funds reported $281M of Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock stock for Q3 2022, down 33% quarter-over-quarter.
- 5 funds opened new Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock positions in Q3 2022 and 8 closed out, a net change of -3 holders.
- The largest Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock buyer in Q3 2022 was VOYA Investment Management, an estimated $38.8M added.
- The largest Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock seller in Q3 2022 was HSBC Holdings, an estimated $79.8M sold.
Based on aggregated 13F filings for Q3 2022.