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PARAP

Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock

Delisted

PARAP was delisted on the 28th of March, 2024.

54 hedge funds and large institutions have $301M invested in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock in 2022 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 25 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more capital invested

Capital invested by funds: $248M → $301M (+$53.1M)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

13% less funds holding

Funds holding: 6254 (-8)

24% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 25

67% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 12

Holders
54
Holders Change
-8
Holders Change %
-12.9%
% of All Funds
0.85%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
4
Increased
19
Reduced
25
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
NSIM
26
North Star Investment Management
Illinois
$1.73M -$1.4M -24,723 -44%
KCM
27
Kempner Capital Management
Texas
$1.56M -$48.5K -860 -3%
PGFC
28
Peapack-Gladstone Financial Corp
New Jersey
$1.5M -$36.7K -650 -2%
IFWM
29
Institute for Wealth Management
Colorado
$1.49M +$22.2K +393 +1%
Jane Street
30
Jane Street
New York
$1.49M +$1.12M +19,820 +282%
SWM
31
SeaCrest Wealth Management
New York
$1.48M +$228K +4,040 +18%
RJFSA
32
Raymond James Financial Services Advisors
Florida
$1.47M +$71.9K +1,274 +5%
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
$1.47M +$89.5K +1,585 +6%
LTI
34
Laffer Tengler Investments
Tennessee
$1.18M +$6.77K +120 +0.6%
PMAM
35
Penn Mutual Asset Management
Pennsylvania
$1.16M -$90.3K -1,600 -7%
GF
36
Gabelli Funds
New York
$926K +$198K +3,500 +27%
MC
37
Moors & Cabot
Massachusetts
$842K -$1.33M -23,485 -61%
OC
38
Oppenheimer & Co
New York
$564K +$282K +5,000 +97%
Stifel Financial
39
Stifel Financial
Missouri
$518K +$113K +2,006 +27%
State of Tennessee, Department of Treasury
40
State of Tennessee, Department of Treasury
Tennessee
$500K +$508K +9,000 New
RJA
41
Raymond James & Associates
Florida
$497K +$151K +2,670 +43%
CC
42
Claybrook Capital
Massachusetts
$464K +$471K +8,350 New
CAN
43
Cetera Advisor Networks
California
$398K -$14.1K -250 -3%
Bank of America
44
Bank of America
North Carolina
$397K -$191K -3,378 -32%
Envestnet Asset Management
45
Envestnet Asset Management
Illinois
$340K -$299K -5,292 -46%
PNC Financial Services Group
46
PNC Financial Services Group
Pennsylvania
$278K
KAS
47
Kestra Advisory Services
Texas
$271K -$11.1K -196 -4%
BFIM
48
Beese Fulmer Investment Management
Ohio
$208K +$212K +3,750 New
Royal Bank of Canada
49
Royal Bank of Canada
Ontario, Canada
$154K
Rockefeller Capital Management
50
Rockefeller Capital Management
New York
$153K -$11.3K -200 -7%

PARAP Hedge Fund Activity: Q1 2022 in Review

54 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) for Q1 2022, worth a combined $301M — up 21% from $248M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of PARAP and 4 opened new positions — a net loss of 8 holders — while 25 trimmed existing stakes and 19 added.

The largest buyer was Lord, Abbett & Co, adding an estimated $18.2M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $10.2M.

  • 54 institutional investors held Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) as of Q1 2022, down from 62 in Q4 2021.
  • Funds reported $301M of Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock stock for Q1 2022, up 21% quarter-over-quarter.
  • 4 funds opened new Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock positions in Q1 2022 and 12 closed out, a net change of -8 holders.
  • The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock buyer in Q1 2022 was Lord, Abbett & Co, an estimated $18.2M added.
  • The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock seller in Q1 2022 was Manulife (Manufacturers Life Insurance), an estimated $10.2M sold.

Based on aggregated 13F filings for Q1 2022.