Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock
IIVI
IIVI was delisted on the 30th of June, 2023.
1 hedge funds and large institutions have $2.2M invested in Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock in 2023 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 0 increasing their positions, 0 reducing their positions, and 26 closing their positions.
96% less funds holding
Funds holding: 27 → 1 (-26)
99% less capital invested
Capital invested by funds: $382M → $2.2M (-$380M)
100% less funds holding in top 10
Funds holding in top 10: 5 → 0 (-5)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 26
Top Buyers
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$89.5M |
| 2 |
SM
Skaana Management
Brooklyn,
New York
|
-$51.8M |
| 3 |
BCM
Bluefin Capital Management
New York
|
-$44.6M |
| 4 |
Morgan Stanley
New York
|
-$42.2M |
| 5 |
Two Sigma Investments
New York
|
-$34.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTI
26
Laffer Tengler Investments
Nashville,
Tennessee
| – | -$30.2K | -133 | Closed |
|
27
Osaic Holdings
Scottsdale,
Arizona
| – | -$2.96K | -13 | Closed |
|
IIVI Hedge Fund Activity: Q3 2023 in Review
1 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock (IIVI) for Q3 2023, worth a combined $2.2M — down 99% from $382M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of IIVI and 0 opened new positions — a net loss of 26 holders — while 0 trimmed existing stakes and 0 added.
The largest seller was Wolverine Asset Management, exiting entirely with an estimated $89.5M sold.
- 1 institutional investor held Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock (IIVI) as of Q3 2023, down from 27 in Q2 2023.
- Funds reported $2.2M of Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock stock for Q3 2023, down 99% quarter-over-quarter.
- 0 funds opened new Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock positions in Q3 2023 and 26 closed out, a net change of -26 holders.
- The largest Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock seller in Q3 2023 was Wolverine Asset Management, an estimated $89.5M sold.
Based on aggregated 13F filings for Q3 2023.