Ready Capital Corporation 7.00% Convertible Senior Notes due 2023
RCA
RCA was delisted on the 14th of August, 2023.
21 hedge funds and large institutions have $71.5M invested in Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 in 2022 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
17% more funds holding
Funds holding: 18 → 21 (+3)
2% more capital invested
Capital invested by funds: $69.9M → $71.5M (+$1.54M)
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Walleye Capital
New York
|
+$2.32M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.33M |
| 3 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
+$1.04M |
| 4 |
AFS
Amtrust Financial Services
New York
|
+$826K |
| 5 |
SM
Skaana Management
Brooklyn,
New York
|
+$789K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$2.05M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.39M |
| 3 |
BlackRock
New York
|
-$724K |
| 4 |
JP Morgan Chase
New York
|
-$211K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$209K |
RCA Hedge Fund Activity: Q1 2022 in Review
21 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 (RCA) for Q1 2022, worth a combined $71.5M — up 2.2% from $69.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new RCA positions and 2 closed out — a net gain of 3 holders — while 4 added to existing stakes and 7 trimmed.
The largest buyer was Walleye Capital, adding an estimated $2.32M. The largest seller was Beach Point Capital Management, exiting entirely with an estimated $2.05M sold.
- 21 institutional investors held Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 (RCA) as of Q1 2022, up from 18 in Q4 2021.
- Funds reported $71.5M of Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 stock for Q1 2022, up 2.2% quarter-over-quarter.
- 5 funds opened new Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 positions in Q1 2022 and 2 closed out, a net change of +3 holders.
- The largest Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 buyer in Q1 2022 was Walleye Capital, an estimated $2.32M added.
- The largest Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 seller in Q1 2022 was Beach Point Capital Management, an estimated $2.05M sold.
Based on aggregated 13F filings for Q1 2022.