Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock
PARAP
PARAP was delisted on the 28th of March, 2024.
53 hedge funds and large institutions have $105M invested in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock in 2023 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 18 reducing their positions, and 9 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 18
9% less funds holding
Funds holding: 58 → 53 (-5)
30% less capital invested
Capital invested by funds: $150M → $105M (-$45.8M)
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Advent Capital Management
New York
|
+$10.6M |
| 2 |
SG Americas Securities
New York
|
+$2.6M |
| 3 |
State Street
Boston,
Massachusetts
|
+$2.54M |
| 4 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
+$1.94M |
| 5 |
BlackRock
New York
|
+$1.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$15.6M |
| 2 |
Morgan Stanley
New York
|
-$2.82M |
| 3 |
Two Sigma Investments
New York
|
-$2.44M |
| 4 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$1.64M |
| 5 |
Jane Street
New York
|
-$942K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KTC
51
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| $31.7K | – | – | – |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| $6.8K | -$106K | -4,096 | -93% |
|
53
Bank of Montreal
Toronto,
Ontario, Canada
| $322 | – | – | – |
|
|
AF
54
Allworth Financial
Folsom,
California
| $238 | – | – | – |
|
|
55
Two Sigma Investments
New York
| – | -$2.44M | -81,557 | Closed |
|
|
AWCI
56
Alpine Woods Capital Investors
Purchase,
New York
| – | -$353K | -11,780 | Closed |
|
|
CIG
57
Cascade Investment Group
Colorado Springs,
Colorado
| – | -$344K | -11,485 | Closed |
|
|
RJA
58
Raymond James & Associates
St Petersburg,
Florida
| – | -$271K | -9,046 | Closed |
|
|
CC
59
Claybrook Capital
Wellesley,
Massachusetts
| – | -$250K | -8,350 | Closed |
|
60
Envestnet Asset Management
Chicago,
Illinois
| – | -$232K | -7,738 | Closed |
|
|
ME
61
McIlrath & Eck
Arlington,
Washington
| – | -$59.9K | -2,000 | Closed |
|
|
BAM
62
Belpointe Asset Management
Reno,
Nevada
| – | -$29.4K | -983 | Closed |
|
|
ASN
63
Advisory Services Network
Atlanta,
Georgia
| – | -$13.5K | -450 | Closed |
|
PARAP Hedge Fund Activity: Q2 2023 in Review
53 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) for Q2 2023, worth a combined $105M — down 30% from $150M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PARAP and 4 opened new positions — a net loss of 5 holders — while 18 trimmed existing stakes and 20 added.
The largest buyer was Advent Capital Management, opening a new position worth an estimated $10.6M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $15.6M.
- 53 institutional investors held Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) as of Q2 2023, down from 58 in Q1 2023.
- Funds reported $105M of Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock stock for Q2 2023, down 30% quarter-over-quarter.
- 4 funds opened new Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock positions in Q2 2023 and 9 closed out, a net change of -5 holders.
- The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock buyer in Q2 2023 was Advent Capital Management, an estimated $10.6M added.
- The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock seller in Q2 2023 was Manulife (Manufacturers Life Insurance), an estimated $15.6M sold.
Based on aggregated 13F filings for Q2 2023.