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 $71.6M invested in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock in 2023 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 18 reducing their positions, and 8 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 18
4% less funds holding
Funds holding: 53 → 51 (-2)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
32% less capital invested
Capital invested by funds: $105M → $71.6M (-$33.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$3.65M |
| 2 |
EC
Elequin Capital
New York
|
+$1.58M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.34M |
| 4 |
VanEck Associates
New York
|
+$1.24M |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$901K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Advent Capital Management
New York
|
-$9.33M |
| 2 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$4.75M |
| 3 |
SG Americas Securities
New York
|
-$2.27M |
| 4 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$1.98M |
| 5 |
State Street
Boston,
Massachusetts
|
-$1.69M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bank of Montreal
Toronto,
Ontario, Canada
| $266 | – | – | – |
|
|
AF
52
Allworth Financial
Folsom,
California
| $198 | +$21 | +1 | +10% |
|
|
ACM
53
Advent Capital Management
New York
| – | -$9.33M | -408,241 | Closed |
|
|
54
Mirae Asset Global Investments
Seoul,
South Korea
| – | -$4.75M | -209,778 | Closed |
|
|
55
SG Americas Securities
New York
| – | -$2.27M | -100,000 | Closed |
|
|
BCM
56
BlueCrest Capital Management
St Helier,
Jersey
| – | -$1.98M | -87,533 | Closed |
|
|
WAM
57
Wakefield Asset Management
Englewood,
Colorado
| – | -$744K | -32,820 | Closed |
|
58
Jane Street
New York
| – | -$256K | -11,283 | Closed |
|
|
PGFC
59
Peapack-Gladstone Financial Corp
Bedminster,
New Jersey
| – | -$202K | -8,900 | Closed |
|
|
TRCT
60
Tower Research Capital (TRC)
New York
| – | -$6.8K | -300 | Closed |
|
PARAP Hedge Fund Activity: Q3 2023 in Review
51 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) for Q3 2023, worth a combined $71.6M — down 32% from $105M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of PARAP and 7 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 18 added.
The largest buyer was Weiss Asset Management, opening a new position worth an estimated $3.65M. The largest seller was Advent Capital Management, exiting entirely with an estimated $9.33M sold.
- 51 institutional investors held Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) as of Q3 2023, down from 53 in Q2 2023.
- Funds reported $71.6M of Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock stock for Q3 2023, down 32% quarter-over-quarter.
- 7 funds opened new Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock positions in Q3 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 Q3 2023 was Weiss Asset Management, an estimated $3.65M added.
- The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock seller in Q3 2023 was Advent Capital Management, an estimated $9.33M sold.
Based on aggregated 13F filings for Q3 2023.