Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock
PARAP
PARAP was delisted on the 28th of March, 2024.
51 hedge funds and large institutions have $210M invested in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock in 2022 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 9 closing their positions.
6% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 17
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 54 → 51 (-3)
30% less capital invested
Capital invested by funds: $301M → $210M (-$90.8M)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$25.8M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.82M |
| 3 |
IIA
IPG Investment Advisors
San Diego,
California
|
+$1.57M |
| 4 |
WAM
Wakefield Asset Management
Englewood,
Colorado
|
+$1.36M |
| 5 |
VanEck Associates
New York
|
+$916K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$37.1M |
| 2 |
JG
Jefferies Group
New York
|
-$2.04M |
| 3 |
CAM
Claret Asset Management
Montreal,
Quebec, Canada
|
-$2.01M |
| 4 |
SI
Stephens Inc
Little Rock,
Arkansas
|
-$1.68M |
| 5 |
PMAM
Penn Mutual Asset Management
Conshohocken,
Pennsylvania
|
-$1.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FDCDDQ
51
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $55.3K | – | – | – |
|
|
PTC
52
Private Trust Company
Cleveland,
Ohio
| $49K | +$57.1K | +1,242 | New |
|
53
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $20K | +$23K | +500 | New |
|
|
SWM
54
Sugarloaf Wealth Management
Duluth,
Georgia
| $10K | – | – | – |
|
|
55
Lord, Abbett & Co
Jersey City,
New Jersey
| – | -$37.1M | -668,411 | Closed |
|
|
AFM
56
Anson Funds Management
Dallas,
Texas
| – | -$17K | -30,859 | Closed |
|
|
PMAM
57
Penn Mutual Asset Management
Conshohocken,
Pennsylvania
| – | -$1.16M | -20,830 | Closed |
|
58
State of Tennessee, Department of Treasury
Nashville,
Tennessee
| – | -$500K | -9,000 | Closed |
|
|
CAN
59
Cetera Advisor Networks
El Segundo,
California
| – | -$398K | -7,158 | Closed |
|
|
KAS
60
Kestra Advisory Services
Austin,
Texas
| – | -$271K | -4,870 | Closed |
|
|
BFIM
61
Beese Fulmer Investment Management
Canton,
Ohio
| – | -$208K | -3,750 | Closed |
|
|
TRCT
62
Tower Research Capital (TRC)
New York
| – | -$36K | -643 | Closed |
|
PARAP Hedge Fund Activity: Q2 2022 in Review
51 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) for Q2 2022, worth a combined $210M — down 30% from $301M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PARAP and 6 opened new positions — a net loss of 3 holders — while 17 trimmed existing stakes and 18 added.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $25.8M. The largest seller was Lord, Abbett & Co, exiting entirely with an estimated $37.1M sold.
- 51 institutional investors held Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) as of Q2 2022, down from 54 in Q1 2022.
- Funds reported $210M of Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock stock for Q2 2022, down 30% quarter-over-quarter.
- 6 funds opened new Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock positions in Q2 2022 and 9 closed out, a net change of -3 holders.
- The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock buyer in Q2 2022 was Manulife (Manufacturers Life Insurance), an estimated $25.8M added.
- The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock seller in Q2 2022 was Lord, Abbett & Co, an estimated $37.1M sold.
Based on aggregated 13F filings for Q2 2022.