Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
SRE.PRB was delisted on the 14th of July, 2021.
34 hedge funds and large institutions have $550M invested in Sempra 6.75% Mandatory Convertible Preferred Stock, Series B in 2018 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 15 reducing their positions, and 10 closing their positions.
6% less capital invested
Capital invested by funds: $588M → $550M (-$37.7M)
15% less funds holding
Funds holding: 40 → 34 (-6)
53% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 15
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$58.8M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$8.18M |
| 3 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$3.68M |
| 4 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$2.44M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$13.7M |
| 2 |
Jane Street
New York
|
-$11.5M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$11.2M |
| 4 |
MCM
Moore Capital Management
New York
|
-$10.1M |
| 5 |
ACM
Advent Capital Management
New York
|
-$8.59M |
SRE.PRB Hedge Fund Activity: Q4 2018 in Review
34 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Sempra 6.75% Mandatory Convertible Preferred Stock, Series B (SRE.PRB) for Q4 2018, worth a combined $550M — down 6.4% from $588M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of SRE.PRB and 4 opened new positions — a net loss of 6 holders — while 15 trimmed existing stakes and 7 added.
The largest buyer was BlackRock, opening a new position worth an estimated $58.8M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $13.7M.
- 34 institutional investors held Sempra 6.75% Mandatory Convertible Preferred Stock, Series B (SRE.PRB) as of Q4 2018, down from 40 in Q3 2018.
- Funds reported $550M of Sempra 6.75% Mandatory Convertible Preferred Stock, Series B stock for Q4 2018, down 6.4% quarter-over-quarter.
- 4 funds opened new Sempra 6.75% Mandatory Convertible Preferred Stock, Series B positions in Q4 2018 and 10 closed out, a net change of -6 holders.
- The largest Sempra 6.75% Mandatory Convertible Preferred Stock, Series B buyer in Q4 2018 was BlackRock, an estimated $58.8M added.
- The largest Sempra 6.75% Mandatory Convertible Preferred Stock, Series B seller in Q4 2018 was Manulife (Manufacturers Life Insurance), an estimated $13.7M sold.
Based on aggregated 13F filings for Q4 2018.