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 $150M invested in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 24 reducing their positions, and 8 closing their positions.
22% more capital invested
Capital invested by funds: $124M → $150M (+$26.7M)
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
0% more funds holding
Funds holding: 58 → 58 (0)
38% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$2.49M |
| 2 |
WA
Waverly Advisors
Birmingham,
Alabama
|
+$1.77M |
| 3 |
Morgan Stanley
New York
|
+$1.63M |
| 4 |
MOS
MGO One Seven
Beachwood,
Ohio
|
+$1.19M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$954K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$2M |
| 2 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
-$1.64M |
| 3 |
AWCI
Alpine Woods Capital Investors
Purchase,
New York
|
-$1.53M |
| 4 |
CAM
Claret Asset Management
Montreal,
Quebec, Canada
|
-$1.05M |
| 5 |
GF
Gabelli Funds
Rye,
New York
|
-$766K |
PARAP Hedge Fund Activity: Q1 2023 in Review
58 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) for Q1 2023, worth a combined $150M — up 22% from $124M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PARAP positions and 8 closed out — a net gain of 1 holder — while 15 added to existing stakes and 24 trimmed.
The largest buyer was Two Sigma Investments, opening a new position worth an estimated $2.49M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $2M.
- 58 institutional investors held Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock (PARAP) as of Q1 2023, unchanged from Q4 2022.
- Funds reported $150M of Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock stock for Q1 2023, up 22% quarter-over-quarter.
- 9 funds opened new Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock positions in Q1 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 Q1 2023 was Two Sigma Investments, an estimated $2.49M added.
- The largest Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock seller in Q1 2023 was Manulife (Manufacturers Life Insurance), an estimated $2M sold.
Based on aggregated 13F filings for Q1 2023.