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)
36% less capital invested
Capital invested by funds: $439M → $281M (-$158M)
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 |
IIVI Hedge Fund Activity: Q3 2022 in Review
30 of the 5,828 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 36% from $439M 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 36% 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.