RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock
RBCP
RBCP was delisted on the 14th of October, 2024.
23 hedge funds and large institutions have $531M invested in RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock in 2024 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 11 reducing their positions, and 10 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
0% more capital invested
Capital invested by funds: $529M → $531M (+$2.6M)
26% less funds holding
Funds holding: 31 → 23 (-8)
64% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 11
80% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Elequin Capital
New York
|
+$102M |
| 2 |
SM
Skaana Management
Brooklyn,
New York
|
+$24.4M |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
+$16.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$15.4M |
| 5 |
Barclays
London,
United Kingdom
|
+$413K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
-$57.7M |
| 2 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$31.6M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$24.3M |
| 4 |
VanEck Associates
New York
|
-$22.4M |
| 5 |
SC
Sculptor Capital
New York
|
-$14.8M |
RBCP Hedge Fund Activity: Q3 2024 in Review
23 of the 6,978 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 2024, worth a combined $531M — up 0.49% from $529M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of RBCP and 2 opened new positions — a net loss of 8 holders — while 11 trimmed existing stakes and 4 added.
The largest buyer was Elequin Capital, opening a new position worth an estimated $102M. The largest seller was Two Sigma Investments, exiting entirely with an estimated $57.7M sold.
- 23 institutional investors held RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock (RBCP) as of Q3 2024, down from 31 in Q2 2024.
- Funds reported $531M of RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock stock for Q3 2024, up 0.49% quarter-over-quarter.
- 2 funds opened new RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock positions in Q3 2024 and 10 closed out, a net change of -8 holders.
- The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock buyer in Q3 2024 was Elequin Capital, an estimated $102M added.
- The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock seller in Q3 2024 was Two Sigma Investments, an estimated $57.7M sold.
Based on aggregated 13F filings for Q3 2024.