KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
KKR.PRC was delisted on the 14th of September, 2023.
53 hedge funds and large institutions have $1.59B invested in KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock in 2022 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 18 reducing their positions, and 6 closing their positions.
6% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 18
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
2% less funds holding
Funds holding: 54 → 53 (-1)
24% less capital invested
Capital invested by funds: $2.1B → $1.59B (-$510M)
100% less funds holding in top 10
Funds holding in top 10: 3 → 0 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$43M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$24.7M |
| 3 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$21.9M |
| 4 |
JP Morgan Chase
New York
|
+$16.5M |
| 5 |
Franklin Resources
San Mateo,
California
|
+$11.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$92.9M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$64.4M |
| 3 |
P8IP
Pier 88 Investment Partners
San Francisco,
California
|
-$11.5M |
| 4 |
Calamos Advisors
Naperville,
Illinois
|
-$10.8M |
| 5 |
BlackRock
New York
|
-$9.84M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
51
IFP Advisors
Tampa,
Florida
| $8K | +$8.12K | +102 | New |
|
52
Osaic Holdings
Scottsdale,
Arizona
| $5K | -$137K | -1,725 | -96% |
|
|
ADL
53
Asset Dedication LLC
San Francisco,
California
| $5K | – | – | – |
|
|
SPIA
54
Steward Partners Investment Advisory
New York
| $5K | – | – | – |
|
55
UBS Group
Zurich,
Switzerland
| $1K | – | – | – |
|
56
Russell Investments Group
London,
United Kingdom
| – | -$6.84M | -3,669,900 | Closed |
|
|
P8IP
57
Pier 88 Investment Partners
San Francisco,
California
| – | -$11.5M | -123,760 | Closed |
|
58
Verition Fund Management
Greenwich,
Connecticut
| – | -$19K | -10,200 | Closed |
|
59
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$282K | -3,024 | Closed |
|
|
OAM
60
Oppenheimer Asset Management
New York
| – | -$232K | -2,494 | Closed |
|
|
ECM
61
ExodusPoint Capital Management
New York
| – | -$16K | -168 | Closed |
|
KKR.PRC Hedge Fund Activity: Q1 2022 in Review
53 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock (KKR.PRC) for Q1 2022, worth a combined $1.59B — down 24% from $2.1B a quarter earlier.
Fund positioning in KKR.PRC was balanced in Q1 2022: 6 funds opened new positions, 6 closed out, 19 added to existing stakes and 18 trimmed.
The largest buyer was Manulife (Manufacturers Life Insurance), opening a new position worth an estimated $43M. The largest seller was Capital World Investors, cutting an estimated $92.9M.
- 53 institutional investors held KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock (KKR.PRC) as of Q1 2022, down from 54 in Q4 2021.
- Funds reported $1.59B of KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock stock for Q1 2022, down 24% quarter-over-quarter.
- 6 funds opened new KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock positions in Q1 2022 and 6 closed out, a net change of 0 holders.
- The largest KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock buyer in Q1 2022 was Manulife (Manufacturers Life Insurance), an estimated $43M added.
- The largest KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock seller in Q1 2022 was Capital World Investors, an estimated $92.9M sold.
Based on aggregated 13F filings for Q1 2022.