Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
SRE.PRB was delisted on the 14th of July, 2021.
33 hedge funds and large institutions have $567M invested in Sempra 6.75% Mandatory Convertible Preferred Stock, Series B in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 5 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 8
3% more capital invested
Capital invested by funds: $550M → $567M (+$17.1M)
3% less funds holding
Funds holding: 34 → 33 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$9.83M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$5.84M |
| 3 |
Neuberger Berman Group
New York
|
+$4.04M |
| 4 |
JP Morgan Chase
New York
|
+$3.88M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$2.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Camden Asset Management
Los Angeles,
California
|
-$15.9M |
| 2 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$11.8M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$4.21M |
| 4 |
MA
MUFG Americas
New York
|
-$2.25M |
| 5 |
BlackRock
New York
|
-$1.58M |
SRE.PRB Hedge Fund Activity: Q1 2019 in Review
33 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Sempra 6.75% Mandatory Convertible Preferred Stock, Series B (SRE.PRB) for Q1 2019, worth a combined $567M — up 3.1% from $550M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SRE.PRB and 4 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 13 added.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $9.83M. The largest seller was Camden Asset Management, exiting entirely with an estimated $15.9M sold.
- 33 institutional investors held Sempra 6.75% Mandatory Convertible Preferred Stock, Series B (SRE.PRB) as of Q1 2019, down from 34 in Q4 2018.
- Funds reported $567M of Sempra 6.75% Mandatory Convertible Preferred Stock, Series B stock for Q1 2019, up 3.1% quarter-over-quarter.
- 4 funds opened new Sempra 6.75% Mandatory Convertible Preferred Stock, Series B positions in Q1 2019 and 5 closed out, a net change of -1 holder.
- The largest Sempra 6.75% Mandatory Convertible Preferred Stock, Series B buyer in Q1 2019 was Manulife (Manufacturers Life Insurance), an estimated $9.83M added.
- The largest Sempra 6.75% Mandatory Convertible Preferred Stock, Series B seller in Q1 2019 was Camden Asset Management, an estimated $15.9M sold.
Based on aggregated 13F filings for Q1 2019.