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 $556M invested in RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock in 2023 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 7 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
15% more capital invested
Capital invested by funds: $484M → $556M (+$72.9M)
10% less funds holding
Funds holding: 40 → 36 (-4)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$15.5M |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
+$9.97M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$5.71M |
| 4 |
SIM
SSI Investment Management
Los Angeles,
California
|
+$4.76M |
| 5 |
BlackRock
New York
|
+$2.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$9.94M |
| 2 |
AGC
Angelo Gordon & Co
New York
|
-$9.37M |
| 3 |
Jane Street
New York
|
-$7.4M |
| 4 |
Morgan Stanley
New York
|
-$5.74M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$4.36M |
RBCP Hedge Fund Activity: Q4 2023 in Review
36 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock (RBCP) for Q4 2023, worth a combined $556M — up 15% from $484M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of RBCP and 3 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 12 added.
The largest buyer was Two Sigma Investments, adding an estimated $15.5M. The largest seller was Mirae Asset Global Investments, exiting entirely with an estimated $9.94M sold.
- 36 institutional investors held RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock (RBCP) as of Q4 2023, down from 40 in Q3 2023.
- Funds reported $556M of RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock stock for Q4 2023, up 15% quarter-over-quarter.
- 3 funds opened new RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock positions in Q4 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 Q4 2023 was Two Sigma Investments, an estimated $15.5M added.
- The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock seller in Q4 2023 was Mirae Asset Global Investments, an estimated $9.94M sold.
Based on aggregated 13F filings for Q4 2023.