Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock
PARAP
PARAP was delisted on the 28th of March, 2024.
58 hedge funds and large institutions have $124M invested in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock in 2022 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 19 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
5% more funds holding
Funds holding: 55 → 58 (+3)
5% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 19
18% less capital invested
Capital invested by funds: $151M → $124M (-$27M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.28M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.26M |
| 3 |
GIP
Greatmark Investment Partners
Columbus,
Georgia
|
+$2.1M |
| 4 |
Jane Street
New York
|
+$1.4M |
| 5 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.08M |
| 2 |
Morgan Stanley
New York
|
-$1.37M |
| 3 |
BlackRock
New York
|
-$1.36M |
| 4 |
Neuberger Berman Group
New York
|
-$1.19M |
| 5 |
PGFC
Peapack-Gladstone Financial Corp
Bedminster,
New Jersey
|
-$630K |
PARAP Hedge Fund Activity: Q4 2022 in Review
58 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) for Q4 2022, worth a combined $124M — down 18% from $151M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PARAP positions and 5 closed out — a net gain of 3 holders — while 20 added to existing stakes and 19 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $2.28M. The largest seller was Fidelity Investments, cutting an estimated $4.08M.
- 58 institutional investors held Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) as of Q4 2022, up from 55 in Q3 2022.
- Funds reported $124M of Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock stock for Q4 2022, down 18% quarter-over-quarter.
- 8 funds opened new Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock positions in Q4 2022 and 5 closed out, a net change of +3 holders.
- The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock buyer in Q4 2022 was Wolverine Asset Management, an estimated $2.28M added.
- The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock seller in Q4 2022 was Fidelity Investments, an estimated $4.08M sold.
Based on aggregated 13F filings for Q4 2022.