Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock
IIVI
IIVI was delisted on the 30th of June, 2023.
32 hedge funds and large institutions have $233M invested in Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 13 reducing their positions, and 5 closing their positions.
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
3% more funds holding
Funds holding: 31 → 32 (+1)
14% less capital invested
Capital invested by funds: $270M → $233M (-$37.4M)
31% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 13
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$7.06M |
| 2 |
Morgan Stanley
New York
|
+$5.2M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.35M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$470K |
| 5 |
RA
Royce & Associates
New York
|
+$416K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
-$20.1M |
| 2 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$12.4M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$10.6M |
| 4 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$7.11M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$6.31M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| $83.6K | +$16.2K | +90 | +23% |
|
|
BCV
27
Banque Cantonale Vaudoise
Lausanne,
Switzerland
| $44K | +$45.1K | +250 | New |
|
28
Fifth Third Bancorp
Cincinnati,
Ohio
| $31.8K | -$1.8K | -10 | -5% |
|
29
Osaic Holdings
Scottsdale,
Arizona
| $14.9K | -$1.44K | -8 | -9% |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| $14K | +$14.6K | +81 | +8,100% |
|
31
US Bancorp
Minneapolis,
Minnesota
| $8.75K | +$9.03K | +50 | New |
|
32
UBS Group
Zurich,
Switzerland
| $2.27K | +$2.35K | +13 | New |
|
|
HNB
33
Huntington National Bank
Columbus,
Ohio
| $1.75K | +$1.8K | +10 | New |
|
|
MF
34
Magnetar Financial
Evanston,
Illinois
| – | -$12.4M | -77,500 | Closed |
|
|
WAM
35
Weiss Asset Management
Boston,
Massachusetts
| – | -$6.31M | -39,473 | Closed |
|
|
PCM
36
Prelude Capital Management
New York
| – | -$1.34M | -8,383 | Closed |
|
37
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$629K | -3,932 | Closed |
|
|
CS
38
Comerica Securities
Detroit,
Michigan
| – | -$7.33K | -45 | Closed |
|
IIVI Hedge Fund Activity: Q1 2023 in Review
32 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock (IIVI) for Q1 2023, worth a combined $233M — down 14% from $270M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new IIVI positions and 5 closed out — a net gain of 1 holder — while 9 added to existing stakes and 13 trimmed.
The largest buyer was VanEck Associates, opening a new position worth an estimated $7.06M. The largest seller was Two Sigma Investments, cutting an estimated $20.1M.
- 32 institutional investors held Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock (IIVI) as of Q1 2023, up from 31 in Q4 2022.
- Funds reported $233M of Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock stock for Q1 2023, down 14% quarter-over-quarter.
- 6 funds opened new Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock positions in Q1 2023 and 5 closed out, a net change of +1 holder.
- The largest Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock buyer in Q1 2023 was VanEck Associates, an estimated $7.06M added.
- The largest Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock seller in Q1 2023 was Two Sigma Investments, an estimated $20.1M sold.
Based on aggregated 13F filings for Q1 2023.