Ready Capital Corporation 7.00% Convertible Senior Notes due 2023
RCA
RCA was delisted on the 14th of August, 2023.
17 hedge funds and large institutions have $110M invested in Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 in 2019 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
13% more funds holding
Funds holding: 15 → 17 (+2)
3% more capital invested
Capital invested by funds: $107M → $110M (+$3.08M)
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAM
Orinda Asset Management
Lafayette,
California
|
+$1.35M |
| 2 |
BlackRock
New York
|
+$832K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$701K |
| 4 |
William Blair & Company
Chicago,
Illinois
|
+$227K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$56.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TG
TCW Group
Los Angeles,
California
|
-$392K |
| 2 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$187K |
| 3 |
AG
Advisor Group
Phoenix,
Arizona
|
-$35.1K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$21.7K |
| 5 |
SI
Stephens Inc
Little Rock,
Arkansas
|
-$8.5K |
RCA Hedge Fund Activity: Q4 2019 in Review
17 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 (RCA) for Q4 2019, worth a combined $110M — up 2.9% from $107M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new RCA positions and 2 closed out — a net gain of 2 holders — while 5 added to existing stakes and 5 trimmed.
The largest buyer was Orinda Asset Management, opening a new position worth an estimated $1.35M. The largest seller was TCW Group, cutting an estimated $392K.
- 17 institutional investors held Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 (RCA) as of Q4 2019, up from 15 in Q3 2019.
- Funds reported $110M of Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 stock for Q4 2019, up 2.9% quarter-over-quarter.
- 4 funds opened new Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 positions in Q4 2019 and 2 closed out, a net change of +2 holders.
- The largest Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 buyer in Q4 2019 was Orinda Asset Management, an estimated $1.35M added.
- The largest Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 seller in Q4 2019 was TCW Group, an estimated $392K sold.
Based on aggregated 13F filings for Q4 2019.