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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.

60 hedge funds and large institutions have $1.31B invested in KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock in 2023 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 12 increasing their positions, 29 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 9

3% more funds holding

Funds holding: 5860 (+2)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

1% less capital invested

Capital invested by funds: $1.33B → $1.31B (-$15.5M)

59% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 29

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $79.4M

Holders
60
Holders Change
+2
Holders Change %
+3.45%
% of All Funds
0.94%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
11
Increased
12
Reduced
29
Closed
9
Calls
Puts
$79.4M
Net Calls
-$79.4M
Net Calls Change
-$79.4M
Name Holding Trade Value Shares
Change
Change in
Stake
VOYA Investment Management
1
VOYA Investment Management
Georgia
$270M +$46.3M +737,000 +22%
Capital World Investors
2
Capital World Investors
California
$156M
BlackRock
3
BlackRock
New York
$126M +$9.42M +149,803 +9%
Franklin Resources
4
Franklin Resources
California
$123M -$61.3K -975 -0.1%
Capital International Investors
5
Capital International Investors
California
$122M
Victory Capital Management
6
Victory Capital Management
Texas
$95.3M -$4.16M -66,183 -4%
ACM
7
Advent Capital Management
New York
$71M +$67.4M +1,072,349 New
MSL
8
Mackay Shields LLC
New York
$40.3M -$398K -6,327 -1%
Calamos Advisors
9
Calamos Advisors
Illinois
$35.9M -$66.8K -1,062 -0.2%
ClearBridge Investments
10
ClearBridge Investments
New York
$33.4M -$42.1K -670 -0.1%
State Street
11
State Street
Massachusetts
$32.3M +$5.78M +92,000 +23%
Thrivent Financial for Lutherans
12
Thrivent Financial for Lutherans
Minnesota
$27M +$754K +12,000 +3%
Bank of America
13
Bank of America
North Carolina
$15.2M +$2.16M +34,353 +18%
Two Sigma Investments
14
Two Sigma Investments
New York
$15.2M -$60.2M -956,940 -81%
AIMCA
15
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$14.9M -$3.14M -50,000 -18%
Lord, Abbett & Co
16
Lord, Abbett & Co
New Jersey
$13.5M +$12.8M +204,228 New
SIM
17
SSI Investment Management
California
$13.1M -$769K -12,230 -6%
Ameriprise
18
Ameriprise
Minnesota
$11.9M -$3.33K -53 -0%
Fidelity Investments
19
Fidelity Investments
Massachusetts
$9.51M
PI
20
Putnam Investments
Massachusetts
$9.19M -$863K -13,721 -9%
Citigroup
21
Citigroup
New York
$7.68M +$4.39M +69,785 +150%
CL
22
CSS LLC
Illinois
$7.63M +$7.26M +115,474 New
Susquehanna International Group
23
Susquehanna International Group
Pennsylvania
$7.02M +$6.68M +106,256 New
SM
24
Skaana Management
New York
$6.06M +$5.26M +83,710 +1,046%
Wells Fargo
25
Wells Fargo
California
$5.72M -$724K -11,514 -12%

KKR.PRC Hedge Fund Activity: Q2 2023 in Review

60 of the 6,369 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 Q2 2023, worth a combined $1.31B — down 1.2% from $1.33B a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new KKR.PRC positions and 9 closed out — a net gain of 2 holders — while 12 added to existing stakes and 29 trimmed.

The largest buyer was Advent Capital Management, opening a new position worth an estimated $67.4M. The largest seller was Two Sigma Investments, cutting an estimated $60.2M.

  • 60 institutional investors held KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock (KKR.PRC) as of Q2 2023, up from 58 in Q1 2023.
  • Funds reported $1.31B of KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock stock for Q2 2023, down 1.2% quarter-over-quarter.
  • 11 funds opened new KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock positions in Q2 2023 and 9 closed out, a net change of +2 holders.
  • The largest KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock buyer in Q2 2023 was Advent Capital Management, an estimated $67.4M added.
  • The largest KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock seller in Q2 2023 was Two Sigma Investments, an estimated $60.2M sold.

Based on aggregated 13F filings for Q2 2023.