Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A
SRE.PRA
SRE.PRA was delisted on the 14th of January, 2021.
60 hedge funds and large institutions have $2B invested in Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A in 2019 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 22 reducing their positions, and 9 closing their positions.
5% more capital invested
Capital invested by funds: $1.9B → $2B (+$98.1M)
6% less funds holding
Funds holding: 64 → 60 (-4)
14% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 22
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TSS
Two Sigma Securities
New York
|
+$21.8M |
| 2 |
Capital International Investors
Los Angeles,
California
|
+$19.8M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$15.9M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$14.3M |
| 5 |
ES
Equitec Specialists
Chicago,
Illinois
|
+$11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
-$60M |
| 2 |
BlackRock
New York
|
-$12.3M |
| 3 |
MSU
Mizuho Securities USA
New York
|
-$11.2M |
| 4 |
Morgan Stanley
New York
|
-$9.25M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$6.63M |
SRE.PRA Hedge Fund Activity: Q3 2019 in Review
60 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A (SRE.PRA) for Q3 2019, worth a combined $2B — up 5.2% from $1.9B a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of SRE.PRA and 6 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 19 added.
The largest buyer was Two Sigma Securities, opening a new position worth an estimated $21.8M. The largest seller was SG Americas Securities, exiting entirely with an estimated $60M sold.
- 60 institutional investors held Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A (SRE.PRA) as of Q3 2019, down from 64 in Q2 2019.
- Funds reported $2B of Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A stock for Q3 2019, up 5.2% quarter-over-quarter.
- 6 funds opened new Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A positions in Q3 2019 and 9 closed out, a net change of -3 holders.
- The largest Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A buyer in Q3 2019 was Two Sigma Securities, an estimated $21.8M added.
- The largest Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A seller in Q3 2019 was SG Americas Securities, an estimated $60M sold.
Based on aggregated 13F filings for Q3 2019.