Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock
PARAP
PARAP was delisted on the 28th of March, 2024.
55 hedge funds and large institutions have $151M invested in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock in 2022 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 19 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
8% more funds holding
Funds holding: 51 → 55 (+4)
5% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 19
28% less capital invested
Capital invested by funds: $210M → $151M (-$59.6M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Claret Asset Management
Montreal,
Quebec, Canada
|
+$1.66M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$1.38M |
| 3 |
AFM
Anson Funds Management
Dallas,
Texas
|
+$1.18M |
| 4 |
GIP
Greatmark Investment Partners
Columbus,
Georgia
|
+$1.18M |
| 5 |
VanEck Associates
New York
|
+$871K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Advent Capital Management
New York
|
-$5.34M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$3.02M |
| 3 |
JG
Jefferies Group
New York
|
-$2.24M |
| 4 |
JP Morgan Chase
New York
|
-$2.05M |
| 5 |
Jane Street
New York
|
-$1.41M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FDCDDQ
51
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $43.6K | +$382 | +10 | +0.7% |
|
|
ME
52
McIlrath & Eck
Arlington,
Washington
| $31K | +$38.2K | +1,000 | New |
|
53
Rockefeller Capital Management
New York
| $23K | -$76.5K | -2,000 | -73% |
|
|
TFS
54
TrustCore Financial Services
Brentwood,
Tennessee
| $22K | +$26.8K | +700 | New |
|
55
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $15K | – | – | – |
|
|
LM
56
Lasry Marc
| $8K | – | – | – |
|
|
SWM
57
Sugarloaf Wealth Management
Duluth,
Georgia
| $8K | – | – | – |
|
|
JG
58
Jefferies Group
New York
| – | -$2.24M | -56,688 | Closed |
|
|
59
Jane Street
New York
| – | -$1.41M | -35,706 | Closed |
|
|
IIA
60
IPG Investment Advisors
San Diego,
California
| – | -$1.35M | -34,210 | Closed |
|
|
SI
61
Stephens Inc
Little Rock,
Arkansas
| – | -$344K | -8,715 | Closed |
|
|
PTC
62
Private Trust Company
Cleveland,
Ohio
| – | -$49K | -1,242 | Closed |
|
PARAP Hedge Fund Activity: Q3 2022 in Review
55 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) for Q3 2022, worth a combined $151M — down 28% from $210M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PARAP positions and 5 closed out — a net gain of 4 holders — while 18 added to existing stakes and 19 trimmed.
The largest buyer was Claret Asset Management, opening a new position worth an estimated $1.66M. The largest seller was Advent Capital Management, cutting an estimated $5.34M.
- 55 institutional investors held Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) as of Q3 2022, up from 51 in Q2 2022.
- Funds reported $151M of Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock stock for Q3 2022, down 28% quarter-over-quarter.
- 9 funds opened new Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock positions in Q3 2022 and 5 closed out, a net change of +4 holders.
- The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock buyer in Q3 2022 was Claret Asset Management, an estimated $1.66M added.
- The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock seller in Q3 2022 was Advent Capital Management, an estimated $5.34M sold.
Based on aggregated 13F filings for Q3 2022.