RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock
RBCP
RBCP was delisted on the 14th of October, 2024.
40 hedge funds and large institutions have $484M invested in RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 14 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
11% more funds holding
Funds holding: 36 → 40 (+4)
6% more capital invested
Capital invested by funds: $456M → $484M (+$28.1M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
29% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CL
CSS LLC
Chicago,
Illinois
|
+$6.69M |
| 2 |
Jane Street
New York
|
+$6.36M |
| 3 |
Two Sigma Investments
New York
|
+$6.34M |
| 4 |
AAI
Aequim Alternative Investments
Mill Valley,
California
|
+$4.36M |
| 5 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$4.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$13.8M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$4.36M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.1M |
| 4 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$3.52M |
| 5 |
JP Morgan Chase
New York
|
-$3.08M |
RBCP Hedge Fund Activity: Q3 2023 in Review
40 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock (RBCP) for Q3 2023, worth a combined $484M — up 6.2% from $456M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new RBCP positions and 1 closed out — a net gain of 4 holders — while 10 added to existing stakes and 14 trimmed.
The largest buyer was CSS LLC, opening a new position worth an estimated $6.69M. The largest seller was Fidelity Investments, cutting an estimated $13.8M.
- 40 institutional investors held RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock (RBCP) as of Q3 2023, up from 36 in Q2 2023.
- Funds reported $484M of RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock stock for Q3 2023, up 6.2% quarter-over-quarter.
- 5 funds opened new RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock positions in Q3 2023 and 1 closed out, a net change of +4 holders.
- The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock buyer in Q3 2023 was CSS LLC, an estimated $6.69M added.
- The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock seller in Q3 2023 was Fidelity Investments, an estimated $13.8M sold.
Based on aggregated 13F filings for Q3 2023.