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 $536M invested in RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock in 2024 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 7 reducing their positions, and 4 closing their positions.
86% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 7
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
0% more funds holding
Funds holding: 36 → 36 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $557M → $536M (-$21.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$10.8M |
| 2 |
AAI
Aequim Alternative Investments
Mill Valley,
California
|
+$9.28M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$7.73M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$5.85M |
| 5 |
Morgan Stanley
New York
|
+$2.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
-$13.6M |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
-$5.76M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$5.52M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$4.33M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$2.69M |
RBCP Hedge Fund Activity: Q1 2024 in Review
36 of the 6,945 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 2024, worth a combined $536M — down 3.8% from $557M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new RBCP positions and 4 closed out — a net gain of 1 holder — while 13 added to existing stakes and 7 trimmed.
The largest buyer was Mirae Asset Global Investments, opening a new position worth an estimated $10.8M. The largest seller was VOYA Investment Management, cutting an estimated $13.6M.
- 36 institutional investors held RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock (RBCP) as of Q1 2024, unchanged from Q4 2023.
- Funds reported $536M of RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock stock for Q1 2024, down 3.8% quarter-over-quarter.
- 5 funds opened new RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock positions in Q1 2024 and 4 closed out, a net change of +1 holder.
- The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock buyer in Q1 2024 was Mirae Asset Global Investments, an estimated $10.8M added.
- The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock seller in Q1 2024 was VOYA Investment Management, an estimated $13.6M sold.
Based on aggregated 13F filings for Q1 2024.