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 $40.2M invested in Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
5% more funds holding
Funds holding: 20 → 21 (+1)
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
24% less capital invested
Capital invested by funds: $53.2M → $40.2M (-$13M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.48M |
| 2 |
SIM
SSI Investment Management
Los Angeles,
California
|
+$1.16M |
| 3 |
BlackRock
New York
|
+$1.01M |
| 4 |
LCM
LDR Capital Management
New York
|
+$561K |
| 5 |
AWA
Arkadios Wealth Advisors
Atlanta,
Georgia
|
+$134K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of Tennessee, Department of Treasury
Nashville,
Tennessee
|
-$9.82M |
| 2 |
SM
Skaana Management
Brooklyn,
New York
|
-$3.11M |
| 3 |
BFM
Boothbay Fund Management
New York
|
-$2.92M |
| 4 |
Walleye Capital
New York
|
-$1.09M |
| 5 |
JP Morgan Chase
New York
|
-$595K |
RCA Hedge Fund Activity: Q2 2023 in Review
21 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 (RCA) for Q2 2023, worth a combined $40.2M — down 24% from $53.2M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new RCA positions and 2 closed out — a net gain of 1 holder — while 6 added to existing stakes and 6 trimmed.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $1.48M. The largest seller was State of Tennessee, Department of Treasury, cutting an estimated $9.82M.
- 21 institutional investors held Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 (RCA) as of Q2 2023, up from 20 in Q1 2023.
- Funds reported $40.2M of Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 stock for Q2 2023, down 24% quarter-over-quarter.
- 3 funds opened new Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 positions in Q2 2023 and 2 closed out, a net change of +1 holder.
- The largest Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 buyer in Q2 2023 was Raymond James Financial Services Advisors, an estimated $1.48M added.
- The largest Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 seller in Q2 2023 was State of Tennessee, Department of Treasury, an estimated $9.82M sold.
Based on aggregated 13F filings for Q2 2023.