Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
SRE.PRB was delisted on the 14th of July, 2021.
30 hedge funds and large institutions have $559M invested in Sempra 6.75% Mandatory Convertible Preferred Stock, Series B in 2020 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 4 closing their positions.
13% more capital invested
Capital invested by funds: $494M → $559M (+$65M)
3% less funds holding
Funds holding: 31 → 30 (-1)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$33.9M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$9.57M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$4.22M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$4.05M |
| 5 |
D.E. Shaw & Co
New York
|
+$2.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$5.34M |
| 2 |
State Street
Boston,
Massachusetts
|
-$5.11M |
| 3 |
ACM
Advent Capital Management
New York
|
-$2.81M |
| 4 |
Barclays
London,
United Kingdom
|
-$2.53M |
| 5 |
JP Morgan Chase
New York
|
-$2.24M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| $200K | +$26.1K | +258 | +15% |
|
27
Citigroup
New York
| $138K | +$142K | +1,405 | New |
|
|
LC
28
Lindbrook Capital
Calabasas,
California
| $98K | – | – | – |
|
29
Osaic Holdings
Scottsdale,
Arizona
| $68K | +$39.5K | +390 | +128% |
|
|
SPIA
30
Steward Partners Investment Advisory
New York
| $37K | – | – | – |
|
|
N
31
Nuveen
Charlotte,
North Carolina
| $3K | – | – | – |
|
|
NIMC
32
NWQ Investment Management Company
Los Angeles,
California
| $42 | – | – | – |
|
|
WAM
33
Wolverine Asset Management
Chicago,
Illinois
| – | -$5.34M | -56,401 | Closed |
|
|
34
Barclays
London,
United Kingdom
| – | -$2.53M | -26,900 | Closed |
|
|
KOCAA
35
Knights of Columbus Asset Advisors
New Haven,
Connecticut
| – | -$276K | -2,911 | Closed |
|
36
UBS Group
Zurich,
Switzerland
| – | -$7K | -75 | Closed |
|
SRE.PRB Hedge Fund Activity: Q2 2020 in Review
30 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Sempra 6.75% Mandatory Convertible Preferred Stock, Series B (SRE.PRB) for Q2 2020, worth a combined $559M — up 13% from $494M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of SRE.PRB and 3 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 9 added.
The largest buyer was Franklin Resources, adding an estimated $33.9M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $5.34M sold.
- 30 institutional investors held Sempra 6.75% Mandatory Convertible Preferred Stock, Series B (SRE.PRB) as of Q2 2020, down from 31 in Q1 2020.
- Funds reported $559M of Sempra 6.75% Mandatory Convertible Preferred Stock, Series B stock for Q2 2020, up 13% quarter-over-quarter.
- 3 funds opened new Sempra 6.75% Mandatory Convertible Preferred Stock, Series B positions in Q2 2020 and 4 closed out, a net change of -1 holder.
- The largest Sempra 6.75% Mandatory Convertible Preferred Stock, Series B buyer in Q2 2020 was Franklin Resources, an estimated $33.9M added.
- The largest Sempra 6.75% Mandatory Convertible Preferred Stock, Series B seller in Q2 2020 was Wolverine Asset Management, an estimated $5.34M sold.
Based on aggregated 13F filings for Q2 2020.