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 |
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.