Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock
IIVI
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.
400% more funds holding in top 10
Funds holding in top 10: 1 → 5 (+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: 32 → 27 (-5)
38% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SM
Skaana Management
Brooklyn,
New York
|
+$36.3M |
| 2 |
BCM
Bluefin Capital Management
New York
|
+$33.8M |
| 3 |
Morgan Stanley
New York
|
+$27.1M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$25.4M |
| 5 |
Two Sigma Investments
New York
|
+$17.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
-$40.8M |
| 2 |
BlackRock
New York
|
-$30.4M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$25.5M |
| 4 |
RA
Royce & Associates
New York
|
-$15.9M |
| 5 |
VanEck Associates
New York
|
-$6.83M |
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.