RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock
RBCP
RBCP was delisted on the 14th of October, 2024.
37 hedge funds and large institutions have $441M invested in RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock in 2022 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 7 reducing their positions, and 4 closing their positions.
114% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 7
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
10% more capital invested
Capital invested by funds: $401M → $441M (+$40.3M)
9% more funds holding
Funds holding: 34 → 37 (+3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$20.5M |
| 2 |
AGC
Angelo Gordon & Co
New York
|
+$18.8M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$14.8M |
| 4 |
SC
Sculptor Capital
New York
|
+$8.54M |
| 5 |
Daiwa Securities Group
Tokyo,
Japan
|
+$5.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$22.4M |
| 2 |
ACM
Advent Capital Management
New York
|
-$19.8M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$7.42M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.96M |
| 5 |
MSL
Mackay Shields LLC
New York
|
-$3.29M |
RBCP Hedge Fund Activity: Q3 2022 in Review
37 of the 5,828 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 2022, worth a combined $441M — up 10% from $401M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new RBCP positions and 4 closed out — a net gain of 3 holders — while 15 added to existing stakes and 7 trimmed.
The largest buyer was Two Sigma Investments, opening a new position worth an estimated $20.5M. The largest seller was Franklin Resources, cutting an estimated $22.4M.
- 37 institutional investors held RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock (RBCP) as of Q3 2022, up from 34 in Q2 2022.
- Funds reported $441M of RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock stock for Q3 2022, up 10% quarter-over-quarter.
- 7 funds opened new RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock positions in Q3 2022 and 4 closed out, a net change of +3 holders.
- The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock buyer in Q3 2022 was Two Sigma Investments, an estimated $20.5M added.
- The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock seller in Q3 2022 was Franklin Resources, an estimated $22.4M sold.
Based on aggregated 13F filings for Q3 2022.