Ready Capital Corporation 7.00% Convertible Senior Notes due 2023
RCA
RCA was delisted on the 14th of August, 2023.
22 hedge funds and large institutions have $50M invested in Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 in 2022 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
24% more capital invested
Capital invested by funds: $40.3M → $50M (+$9.64M)
5% more funds holding
Funds holding: 21 → 22 (+1)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of Tennessee, Department of Treasury
Nashville,
Tennessee
|
+$8.93M |
| 2 |
SM
Skaana Management
Brooklyn,
New York
|
+$2.03M |
| 3 |
SIM
SSI Investment Management
Los Angeles,
California
|
+$629K |
| 4 |
BFM
Boothbay Fund Management
New York
|
+$593K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$516K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.9M |
| 2 |
Walleye Capital
New York
|
-$487K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$484K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$332K |
| 5 |
BlackRock
New York
|
-$234K |
RCA Hedge Fund Activity: Q3 2022 in Review
22 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 (RCA) for Q3 2022, worth a combined $50M — up 24% from $40.3M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new RCA positions and 3 closed out — a net gain of 1 holder — while 6 added to existing stakes and 8 trimmed.
The largest buyer was State of Tennessee, Department of Treasury, opening a new position worth an estimated $8.93M. The largest seller was Fidelity Investments, cutting an estimated $1.9M.
- 22 institutional investors held Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 (RCA) as of Q3 2022, up from 21 in Q2 2022.
- Funds reported $50M of Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 stock for Q3 2022, up 24% quarter-over-quarter.
- 4 funds opened new Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 positions in Q3 2022 and 3 closed out, a net change of +1 holder.
- The largest Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 buyer in Q3 2022 was State of Tennessee, Department of Treasury, an estimated $8.93M added.
- The largest Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 seller in Q3 2022 was Fidelity Investments, an estimated $1.9M sold.
Based on aggregated 13F filings for Q3 2022.