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 $478M invested in RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 14 reducing their positions, and 7 closing their positions.
10% more capital invested
Capital invested by funds: $436M → $478M (+$42.5M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
11% less funds holding
Funds holding: 38 → 34 (-4)
36% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 14
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
+$24.5M |
| 2 |
Two Sigma Investments
New York
|
+$12.7M |
| 3 |
SC
Sculptor Capital
New York
|
+$8.92M |
| 4 |
SM
Skaana Management
Brooklyn,
New York
|
+$5.94M |
| 5 |
D.E. Shaw & Co
New York
|
+$5.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$17.1M |
| 2 |
ICM
III Capital Management
Boca Raton,
Florida
|
-$11.9M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$8.63M |
| 4 |
AGC
Angelo Gordon & Co
New York
|
-$6.13M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$4.7M |
RBCP Hedge Fund Activity: Q1 2023 in Review
34 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock (RBCP) for Q1 2023, worth a combined $478M — up 9.8% from $436M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of RBCP and 3 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 9 added.
The largest buyer was VOYA Investment Management, opening a new position worth an estimated $24.5M. The largest seller was Bank of America, cutting an estimated $17.1M.
- 34 institutional investors held RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock (RBCP) as of Q1 2023, down from 38 in Q4 2022.
- Funds reported $478M of RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock stock for Q1 2023, up 9.8% quarter-over-quarter.
- 3 funds opened new RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock positions in Q1 2023 and 7 closed out, a net change of -4 holders.
- The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock buyer in Q1 2023 was VOYA Investment Management, an estimated $24.5M added.
- The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock seller in Q1 2023 was Bank of America, an estimated $17.1M sold.
Based on aggregated 13F filings for Q1 2023.