Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock
PARAP
PARAP was delisted on the 28th of March, 2024.
54 hedge funds and large institutions have $301M invested in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock in 2022 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 25 reducing their positions, and 12 closing their positions.
21% more capital invested
Capital invested by funds: $248M → $301M (+$53.1M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
13% less funds holding
Funds holding: 62 → 54 (-8)
24% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 25
67% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$18.2M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.12M |
| 3 |
JG
Jefferies Group
New York
|
+$1.81M |
| 4 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
+$1.34M |
| 5 |
Jane Street
New York
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$10.2M |
| 2 |
NMIMC
Northwestern Mutual Investment Management Company
Milwaukee,
Wisconsin
|
-$5M |
| 3 |
ACM
Advent Capital Management
New York
|
-$4.6M |
| 4 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
-$3.99M |
| 5 |
State Street
Boston,
Massachusetts
|
-$3.33M |
PARAP Hedge Fund Activity: Q1 2022 in Review
54 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) for Q1 2022, worth a combined $301M — up 21% from $248M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of PARAP and 4 opened new positions — a net loss of 8 holders — while 25 trimmed existing stakes and 19 added.
The largest buyer was Lord, Abbett & Co, adding an estimated $18.2M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $10.2M.
- 54 institutional investors held Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) as of Q1 2022, down from 62 in Q4 2021.
- Funds reported $301M of Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock stock for Q1 2022, up 21% quarter-over-quarter.
- 4 funds opened new Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock positions in Q1 2022 and 12 closed out, a net change of -8 holders.
- The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock buyer in Q1 2022 was Lord, Abbett & Co, an estimated $18.2M added.
- The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock seller in Q1 2022 was Manulife (Manufacturers Life Insurance), an estimated $10.2M sold.
Based on aggregated 13F filings for Q1 2022.