Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock
PARAP
PARAP was delisted on the 28th of March, 2024.
47 hedge funds and large institutions have $76M invested in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock in 2023 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 20 reducing their positions, and 9 closing their positions.
6% more capital invested
Capital invested by funds: $71.6M → $76M (+$4.44M)
8% less funds holding
Funds holding: 51 → 47 (-4)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
35% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CL
CSS LLC
Chicago,
Illinois
|
+$3.73M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.3M |
| 3 |
BlackRock
New York
|
+$1.07M |
| 4 |
Morgan Stanley
New York
|
+$573K |
| 5 |
CAG
Csenge Advisory Group
Clearwater,
Florida
|
+$549K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$3.05M |
| 2 |
EC
Elequin Capital
New York
|
-$1.31M |
| 3 |
WA
Waverly Advisors
Birmingham,
Alabama
|
-$996K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$955K |
| 5 |
LCM
Lazari Capital Management
Woodland Hills,
California
|
-$672K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LCM
51
Lazari Capital Management
Woodland Hills,
California
| – | -$672K | -37,845 | Closed |
|
52
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$431K | -24,257 | Closed |
|
53
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$266K | -15,001 | Closed |
|
|
MC
54
Moors & Cabot
Boston,
Massachusetts
| – | -$203K | -11,415 | Closed |
|
55
Invesco
Atlanta,
Georgia
| – | -$193K | -10,867 | Closed |
|
56
Creative Planning
Overland Park,
Kansas
| – | -$24.9K | -1,400 | Closed |
|
|
AA
57
Addison Advisors
Middlebury,
Vermont
| – | -$510 | -28 | Closed |
|
PARAP Hedge Fund Activity: Q4 2023 in Review
47 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) for Q4 2023, worth a combined $76M — up 6.2% from $71.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PARAP and 6 opened new positions — a net loss of 3 holders — while 20 trimmed existing stakes and 13 added.
The largest buyer was CSS LLC, adding an estimated $3.73M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $3.05M sold.
- 47 institutional investors held Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) as of Q4 2023, down from 51 in Q3 2023.
- Funds reported $76M of Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock stock for Q4 2023, up 6.2% quarter-over-quarter.
- 6 funds opened new Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock positions in Q4 2023 and 9 closed out, a net change of -3 holders.
- The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock buyer in Q4 2023 was CSS LLC, an estimated $3.73M added.
- The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock seller in Q4 2023 was Weiss Asset Management, an estimated $3.05M sold.
Based on aggregated 13F filings for Q4 2023.