RLJ Lodging Trust $1.95 Series A Preferred Stock
RLJ.PRA
42 hedge funds and large institutions have $153M invested in RLJ Lodging Trust $1.95 Series A Preferred Stock in 2019 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 4 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 11
5% less funds holding
Funds holding: 44 → 42 (-2)
15.01% less ownership
Funds ownership: 61.98% → 46.97% (-15%)
23% less capital invested
Capital invested by funds: $198M → $153M (-$44.5M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WSL
Western Standard LLC
Los Angeles,
California
|
+$4.66M |
| 2 |
Cohen & Steers
New York
|
+$1.01M |
| 3 |
ICA
Infrastructure Capital Advisors
New York
|
+$524K |
| 4 |
Impax Asset Management Group
London,
United Kingdom
|
+$504K |
| 5 |
PCM
Prelude Capital Management
New York
|
+$252K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Indaba Capital Management
San Francisco,
California
|
-$21.5M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$17.8M |
| 3 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
-$12.3M |
| 4 |
BlackRock
New York
|
-$2.4M |
| 5 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$973K |
RLJ.PRA Hedge Fund Activity: Q1 2019 in Review
42 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in RLJ Lodging Trust $1.95 Series A Preferred Stock (RLJ.PRA) for Q1 2019, worth a combined $153M — down 23% from $198M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of RLJ.PRA and 2 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 17 added.
The largest buyer was Western Standard LLC, adding an estimated $4.66M. The largest seller was Indaba Capital Management, exiting entirely with an estimated $21.5M sold.
- 42 institutional investors held RLJ Lodging Trust $1.95 Series A Preferred Stock (RLJ.PRA) as of Q1 2019, down from 44 in Q4 2018.
- Funds reported $153M of RLJ Lodging Trust $1.95 Series A Preferred Stock stock for Q1 2019, down 23% quarter-over-quarter.
- 2 funds opened new RLJ Lodging Trust $1.95 Series A Preferred Stock positions in Q1 2019 and 4 closed out, a net change of -2 holders.
- The largest RLJ Lodging Trust $1.95 Series A Preferred Stock buyer in Q1 2019 was Western Standard LLC, an estimated $4.66M added.
- The largest RLJ Lodging Trust $1.95 Series A Preferred Stock seller in Q1 2019 was Indaba Capital Management, an estimated $21.5M sold.
Based on aggregated 13F filings for Q1 2019.