Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock
PARAP
PARAP was delisted on the 28th of March, 2024.
52 hedge funds and large institutions have $54.8M invested in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 15 increasing their positions, 19 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
11% more funds holding
Funds holding: 47 → 52 (+5)
21% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 19
28% less capital invested
Capital invested by funds: $76M → $54.8M (-$21.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HF
HRT Financial
New York
|
+$6.42M |
| 2 |
PSC
Piper Sandler & Co
Minneapolis,
Minnesota
|
+$6.09M |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$4.33M |
| 4 |
EC
Elequin Capital
New York
|
+$2.62M |
| 5 |
Barclays
London,
United Kingdom
|
+$870K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$14.6M |
| 2 |
VanEck Associates
New York
|
-$5.93M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$3.98M |
| 4 |
State Street
Boston,
Massachusetts
|
-$3.5M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$2.48M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NS
51
NBC Securities
Birmingham,
Alabama
| $2K | -$11.7K | -735 | -79% |
|
52
Bank of Montreal
Toronto,
Ontario, Canada
| $192 | -$5.57K | -350 | -96% |
|
|
AF
53
Allworth Financial
Folsom,
California
| $179 | +$16 | +1 | +8% |
|
|
54
VanEck Associates
New York
| – | -$5.93M | -317,083 | Closed |
|
|
55
State Street
Boston,
Massachusetts
| – | -$3.5M | -189,211 | Closed |
|
|
56
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$2.48M | -132,831 | Closed |
|
57
Walleye Capital
New York
| – | -$438K | -23,168 | Closed |
|
|
NSIM
58
North Star Investment Management
Chicago,
Illinois
| – | -$426K | -22,765 | Closed |
|
|
LTI
59
Laffer Tengler Investments
Nashville,
Tennessee
| – | -$318K | -16,995 | Closed |
|
|
ASN
60
Advisory Services Network
Atlanta,
Georgia
| – | -$8.41K | -450 | Closed |
|
PARAP Hedge Fund Activity: Q1 2024 in Review
52 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) for Q1 2024, worth a combined $54.8M — down 28% from $76M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PARAP positions and 7 closed out — a net gain of 5 holders — while 15 added to existing stakes and 19 trimmed.
The largest buyer was HRT Financial, opening a new position worth an estimated $6.42M. The largest seller was BlackRock, cutting an estimated $14.6M.
- 52 institutional investors held Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) as of Q1 2024, up from 47 in Q4 2023.
- Funds reported $54.8M of Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock stock for Q1 2024, down 28% quarter-over-quarter.
- 12 funds opened new Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock positions in Q1 2024 and 7 closed out, a net change of +5 holders.
- The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock buyer in Q1 2024 was HRT Financial, an estimated $6.42M added.
- The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock seller in Q1 2024 was BlackRock, an estimated $14.6M sold.
Based on aggregated 13F filings for Q1 2024.