RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock
RBCP
RBCP was delisted on the 14th of October, 2024.
34 hedge funds and large institutions have $387M invested in RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock in 2022 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 12 reducing their positions, and 4 closing their positions.
3% less funds holding
Funds holding: 35 → 34 (-1)
10% less capital invested
Capital invested by funds: $429M → $387M (-$42.7M)
17% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 12
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$27.9M |
| 2 |
D.E. Shaw & Co
New York
|
+$9.76M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$9.23M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$3.88M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$24.3M |
| 2 |
AGC
Angelo Gordon & Co
New York
|
-$15.3M |
| 3 |
Morgan Stanley
New York
|
-$7.8M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$7.44M |
| 5 |
ACM
Advent Capital Management
New York
|
-$5.38M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $1.93M | -$7.44M | -80,000 | -80% |
|
|
PCM
27
Palisade Capital Management
Fort Lee,
New Jersey
| $1.92M | – | – | – |
|
28
Barclays
London,
United Kingdom
| $1.42M | -$2.12M | -22,750 | -60% |
|
|
CS
29
Credit Suisse
Zurich,
Switzerland
| $953K | -$1.39M | -15,000 | -60% |
|
|
SIM
30
SSI Investment Management
Los Angeles,
California
| $928K | -$5.21M | -55,990 | -85% |
|
31
Citigroup
New York
| $441K | -$205K | -2,204 | -32% |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| $48K | +$47.4K | +510 | New |
|
|
SPIA
33
Steward Partners Investment Advisory
New York
| $38K | – | – | – |
|
|
MF
34
Magnetar Financial
Evanston,
Illinois
| $14.4K | – | – | – |
|
35
Osaic Holdings
Scottsdale,
Arizona
| $1K | +$651 | +7 | New |
|
|
36
Allianz Asset Management
Munich,
Germany
| – | -$24.3M | -244,000 | Closed |
|
|
BCM
37
BlueCrest Capital Management
St Helier,
Jersey
| – | -$2.76M | -27,668 | Closed |
|
|
CL
38
CSS LLC
Chicago,
Illinois
| – | -$485K | -4,850 | Closed |
|
RBCP Hedge Fund Activity: Q2 2022 in Review
34 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock (RBCP) for Q2 2022, worth a combined $387M — down 9.9% from $429M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of RBCP and 3 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 10 added.
The largest buyer was Lord, Abbett & Co, adding an estimated $27.9M. The largest seller was Allianz Asset Management, exiting entirely with an estimated $24.3M sold.
- 34 institutional investors held RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock (RBCP) as of Q2 2022, down from 35 in Q1 2022.
- Funds reported $387M of RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock stock for Q2 2022, down 9.9% quarter-over-quarter.
- 3 funds opened new RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock positions in Q2 2022 and 4 closed out, a net change of -1 holder.
- The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock buyer in Q2 2022 was Lord, Abbett & Co, an estimated $27.9M added.
- The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock seller in Q2 2022 was Allianz Asset Management, an estimated $24.3M sold.
Based on aggregated 13F filings for Q2 2022.