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IIVI

Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock

Delisted

IIVI was delisted on the 30th of June, 2023.

27 hedge funds and large institutions have $382M invested in Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more funds holding in top 10

Funds holding in top 10: 15 (+4)

64% more capital invested

Capital invested by funds: $233M → $382M (+$149M)

57% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 7

16% less funds holding

Funds holding: 3227 (-5)

38% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 13

Holders
27
Holders Change
-5
Holders Change %
-15.63%
% of All Funds
0.42%
Holding in Top 10
5
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+400%
% of All Funds
0.08%
New
8
Increased
11
Reduced
7
Closed
13
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Fifth Third Bancorp
26
Fifth Third Bancorp
Ohio
$39.5K -$1.38K -8 -4%
LTI
27
Laffer Tengler Investments
Tennessee
$30.2K -$3.36M -19,534 -99%
Osaic Holdings
28
Osaic Holdings
Arizona
$2.96K -$12.2K -71 -85%
VOYA Investment Management
29
VOYA Investment Management
Georgia
-$40.8M -233,025 Closed
BlackRock
30
BlackRock
New York
-$30.4M -174,001 Closed
Ameriprise
31
Ameriprise
Minnesota
-$25.5M -147,500 Closed
VanEck Associates
32
VanEck Associates
New York
-$6.83M -39,122 Closed
State Street
33
State Street
Massachusetts
-$6.65M -38,500 Closed
D.E. Shaw & Co
34
D.E. Shaw & Co
New York
-$2.39M -13,829 Closed
CS
35
Credit Suisse
Switzerland
-$700K -4,000 Closed
Barclays
36
Barclays
United Kingdom
-$125K -712 Closed
BCV
37
Banque Cantonale Vaudoise
Switzerland
-$44K -250 Closed
TRCT
38
Tower Research Capital (TRC)
New York
-$14K -82 Closed
US Bancorp
39
US Bancorp
Minnesota
-$8.75K -50 Closed
UBS Group
40
UBS Group
Switzerland
-$2.27K -13 Closed
HNB
41
Huntington National Bank
Ohio
-$1.75K -10 Closed

IIVI Hedge Fund Activity: Q2 2023 in Review

27 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock (IIVI) for Q2 2023, worth a combined $382M — up 64% from $233M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of IIVI and 8 opened new positions — a net loss of 5 holders — while 7 trimmed existing stakes and 11 added.

The largest buyer was Skaana Management, adding an estimated $36.3M. The largest seller was VOYA Investment Management, exiting entirely with an estimated $40.8M sold.

  • 27 institutional investors held Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock (IIVI) as of Q2 2023, down from 32 in Q1 2023.
  • Funds reported $382M of Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock stock for Q2 2023, up 64% quarter-over-quarter.
  • 8 funds opened new Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock positions in Q2 2023 and 13 closed out, a net change of -5 holders.
  • The largest Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock buyer in Q2 2023 was Skaana Management, an estimated $36.3M added.
  • The largest Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock seller in Q2 2023 was VOYA Investment Management, an estimated $40.8M sold.

Based on aggregated 13F filings for Q2 2023.