RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock
RBCP
RBCP was delisted on the 14th of October, 2024.
36 hedge funds and large institutions have $456M invested in RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 7 reducing their positions, and 5 closing their positions.
129% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 7
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
6% more funds holding
Funds holding: 34 → 36 (+2)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less capital invested
Capital invested by funds: $478M → $456M (-$22.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
+$5.34M |
| 2 |
AAI
Aequim Alternative Investments
Mill Valley,
California
|
+$5.32M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
+$5.32M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$5.32M |
| 5 |
JP Morgan Chase
New York
|
+$4.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$24.9M |
| 2 |
Two Sigma Investments
New York
|
-$15.3M |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
-$6.52M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$5.32M |
| 5 |
AGC
Angelo Gordon & Co
New York
|
-$2.66M |
RBCP Hedge Fund Activity: Q2 2023 in Review
36 of the 6,369 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 2023, worth a combined $456M — down 4.8% from $478M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new RBCP positions and 5 closed out — a net gain of 2 holders — while 16 added to existing stakes and 7 trimmed.
The largest buyer was BlueCrest Capital Management, opening a new position worth an estimated $5.34M. The largest seller was Lord, Abbett & Co, exiting entirely with an estimated $24.9M sold.
- 36 institutional investors held RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock (RBCP) as of Q2 2023, up from 34 in Q1 2023.
- Funds reported $456M of RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock stock for Q2 2023, down 4.8% quarter-over-quarter.
- 7 funds opened new RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock positions in Q2 2023 and 5 closed out, a net change of +2 holders.
- The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock buyer in Q2 2023 was BlueCrest Capital Management, an estimated $5.34M added.
- The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock seller in Q2 2023 was Lord, Abbett & Co, an estimated $24.9M sold.
Based on aggregated 13F filings for Q2 2023.