Sempra 6.75% Mandatory Convertible Preferred Stock, Series B
SRE.PRB
SRE.PRB was delisted on the 14th of July, 2021.
31 hedge funds and large institutions have $494M invested in Sempra 6.75% Mandatory Convertible Preferred Stock, Series B in 2020 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 14 reducing their positions, and 7 closing their positions.
9% less funds holding
Funds holding: 34 → 31 (-3)
22% less capital invested
Capital invested by funds: $630M → $494M (-$136M)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
64% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$31.2M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$6.36M |
| 3 |
Barclays
London,
United Kingdom
|
+$3.03M |
| 4 |
CCM
Cutler Capital Management
Worcester,
Massachusetts
|
+$1.56M |
| 5 |
JP Morgan Chase
New York
|
+$463K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$11.3M |
| 2 |
Calamos Advisors
Naperville,
Illinois
|
-$9.11M |
| 3 |
MA
MUFG Americas
New York
|
-$3.17M |
| 4 |
Goldman Sachs
New York
|
-$2.76M |
| 5 |
State Street
Boston,
Massachusetts
|
-$2.59M |
SRE.PRB Hedge Fund Activity: Q1 2020 in Review
31 of the 4,548 institutional investors tracked by Wall St. Rank reported a position in Sempra 6.75% Mandatory Convertible Preferred Stock, Series B (SRE.PRB) for Q1 2020, worth a combined $494M — down 22% from $630M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of SRE.PRB and 5 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 5 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $31.2M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $11.3M.
- 31 institutional investors held Sempra 6.75% Mandatory Convertible Preferred Stock, Series B (SRE.PRB) as of Q1 2020, down from 34 in Q4 2019.
- Funds reported $494M of Sempra 6.75% Mandatory Convertible Preferred Stock, Series B stock for Q1 2020, down 22% quarter-over-quarter.
- 5 funds opened new Sempra 6.75% Mandatory Convertible Preferred Stock, Series B positions in Q1 2020 and 7 closed out, a net change of -2 holders.
- The largest Sempra 6.75% Mandatory Convertible Preferred Stock, Series B buyer in Q1 2020 was T. Rowe Price Associates, an estimated $31.2M added.
- The largest Sempra 6.75% Mandatory Convertible Preferred Stock, Series B seller in Q1 2020 was Manulife (Manufacturers Life Insurance), an estimated $11.3M sold.
Based on aggregated 13F filings for Q1 2020.