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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.

58 hedge funds and large institutions have $150M invested in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 24 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more capital invested

Capital invested by funds: $124M → $150M (+$26.7M)

13% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 8

0% more funds holding

Funds holding: 5858 (0)

38% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 24

Holders
58
Holders Change
Holders Change %
0%
% of All Funds
0.92%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
9
Increased
15
Reduced
24
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GF
26
Gabelli Funds
New York
$838K -$766K -25,075 -47%
JP Morgan Chase
27
JP Morgan Chase
New York
$774K -$285K -9,326 -27%
RJFSA
28
Raymond James Financial Services Advisors
Florida
$758K +$10.1K +332 +1%
NSIM
29
North Star Investment Management
Illinois
$682K +$91.6K +3,000 +15%
SWM
30
SeaCrest Wealth Management
New York
$664K
LTI
31
Laffer Tengler Investments
Tennessee
$643K +$29.5K +965 +5%
Osaic Holdings
32
Osaic Holdings
Arizona
$593K +$12.2K +400 +2%
KWA
33
KCS Wealth Advisory
California
$466K +$48.2K +1,578 +11%
CL
34
CSS LLC
Illinois
$464K +$464K +15,182 New
TPWM
35
Twelve Points Wealth Management
Massachusetts
$428K -$2.84K -93 -0.6%
BCM
36
BlueCrest Capital Management
Jersey
$384K -$266K -8,702 -40%
MC
37
Moors & Cabot
Massachusetts
$356K -$10.7K -350 -3%
OC
38
Oppenheimer & Co
New York
$355K +$72.9K +2,386 +25%
AWCI
39
Alpine Woods Capital Investors
New York
$353K -$1.53M -50,043 -81%
CIG
40
Cascade Investment Group
Colorado
$344K -$30.1K -985 -8%
Invesco
41
Invesco
Georgia
$325K
GI
42
GAMCO Investors
Connecticut
$300K -$9.16K -300 -3%
RJA
43
Raymond James & Associates
Florida
$271K -$39.4K -1,290 -12%
PGFC
44
Peapack-Gladstone Financial Corp
New Jersey
$266K -$91.6K -3,000 -25%
CC
45
Claybrook Capital
Massachusetts
$250K
Envestnet Asset Management
46
Envestnet Asset Management
Illinois
$232K +$236K +7,738 New
PAG
47
Private Advisor Group
New Jersey
$228K +$232K +7,600 New
Royal Bank of Canada
48
Royal Bank of Canada
Ontario, Canada
$174K
PNC Financial Services Group
49
PNC Financial Services Group
Pennsylvania
$150K
TRCT
50
Tower Research Capital (TRC)
New York
$132K +$134K +4,396 New

PARAP Hedge Fund Activity: Q1 2023 in Review

58 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) for Q1 2023, worth a combined $150M — up 22% from $124M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new PARAP positions and 8 closed out — a net gain of 1 holder — while 15 added to existing stakes and 24 trimmed.

The largest buyer was Two Sigma Investments, opening a new position worth an estimated $2.49M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $2M.

  • 58 institutional investors held Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) as of Q1 2023, unchanged from Q4 2022.
  • Funds reported $150M of Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock stock for Q1 2023, up 22% quarter-over-quarter.
  • 9 funds opened new Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock positions in Q1 2023 and 8 closed out, a net change of +1 holder.
  • The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock buyer in Q1 2023 was Two Sigma Investments, an estimated $2.49M added.
  • The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock seller in Q1 2023 was Manulife (Manufacturers Life Insurance), an estimated $2M sold.

Based on aggregated 13F filings for Q1 2023.