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KKR.PRC

KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock

Delisted

KKR.PRC was delisted on the 14th of September, 2023.

62 hedge funds and large institutions have $1.15B invested in KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock in 2022 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 20 increasing their positions, 19 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 7

15% more funds holding

Funds holding: 5462 (+8)

5% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 19

6% less capital invested

Capital invested by funds: $1.22B → $1.15B (-$75.6M)

Holders
62
Holders Change
+8
Holders Change %
+14.81%
% of All Funds
1.07%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
15
Increased
20
Reduced
19
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Franklin Resources
1
Franklin Resources
California
$183M -$28.5M -449,858 -12%
Capital World Investors
2
Capital World Investors
California
$128M +$133K +2,104 +0.1%
VOYA Investment Management
3
VOYA Investment Management
Georgia
$104M +$121M +1,906,360 New
BlackRock
4
BlackRock
New York
$101M +$2.09M +32,992 +2%
Victory Capital Management
5
Victory Capital Management
Texas
$75.2M +$7.21M +113,862 +9%
Capital International Investors
6
Capital International Investors
California
$68.8M
ACM
7
Advent Capital Management
New York
$68M +$5.35M +84,495 +7%
JP Morgan Chase
8
JP Morgan Chase
New York
$37.3M -$1.47M -23,214 -3%
MSL
9
Mackay Shields LLC
New York
$34M -$220K -3,469 -0.6%
CAM
10
Camden Asset Management
California
$32.6M +$38M +600,000 New
Calamos Advisors
11
Calamos Advisors
Illinois
$29.6M -$71.2K -1,124 -0.2%
ClearBridge Investments
12
ClearBridge Investments
New York
$26.1M -$41.7K -658 -0.1%
State Street
13
State Street
Massachusetts
$22.8M +$2.6M +41,000 +11%
Thrivent Financial for Lutherans
14
Thrivent Financial for Lutherans
Minnesota
$20.8M +$5.83M +92,000 +32%
Mirae Asset Global Investments
15
Mirae Asset Global Investments
South Korea
$19.7M +$1.8M +28,427 +9%
Manulife (Manufacturers Life Insurance)
16
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$15.5M -$42.3M -668,284 -70%
Two Sigma Investments
17
Two Sigma Investments
New York
$15.4M +$18M +283,552 New
AIMCA
18
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$15M
Invesco
19
Invesco
Georgia
$13M +$1.08M +17,000 +8%
Wellington Management Group
20
Wellington Management Group
Massachusetts
$12.1M -$102K -1,609 -0.7%
Bank of America
21
Bank of America
North Carolina
$10.9M +$2.23M +35,248 +21%
Wells Fargo
22
Wells Fargo
California
$10.5M +$4.53M +71,582 +59%
Neuberger Berman Group
23
Neuberger Berman Group
New York
$10.1M -$253K -4,000 -2%
PI
24
Putnam Investments
Massachusetts
$9.03M +$18.9K +299 +0.2%
Ameriprise
25
Ameriprise
Minnesota
$8.84M -$2.55M -40,300 -20%

KKR.PRC Hedge Fund Activity: Q3 2022 in Review

62 of the 5,805 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 Q3 2022, worth a combined $1.15B — down 6.2% from $1.22B a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new KKR.PRC positions and 7 closed out — a net gain of 8 holders — while 20 added to existing stakes and 19 trimmed.

The largest buyer was VOYA Investment Management, opening a new position worth an estimated $121M. The largest seller was Allianz Asset Management, exiting entirely with an estimated $114M sold.

  • 62 institutional investors held KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock (KKR.PRC) as of Q3 2022, up from 54 in Q2 2022.
  • Funds reported $1.15B of KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock stock for Q3 2022, down 6.2% quarter-over-quarter.
  • 15 funds opened new KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock positions in Q3 2022 and 7 closed out, a net change of +8 holders.
  • The largest KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock buyer in Q3 2022 was VOYA Investment Management, an estimated $121M added.
  • The largest KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock seller in Q3 2022 was Allianz Asset Management, an estimated $114M sold.

Based on aggregated 13F filings for Q3 2022.