Virtus Investment Partners, Inc. 7.25% Series D Mandatory Convertible Preferred Stock
VRTSP
VRTSP was delisted on the 3rd of February, 2020.
17 hedge funds and large institutions have $101M invested in Virtus Investment Partners, Inc. 7.25% Series D Mandatory Convertible Preferred Stock in 2019 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 3 closing their positions.
4% more capital invested
Capital invested by funds: $97.2M → $101M (+$3.45M)
11% less funds holding
Funds holding: 19 → 17 (-2)
29% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 7
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$2.8M |
| 2 |
D.E. Shaw & Co
New York
|
+$2.63M |
| 3 |
SC
Sculptor Capital
New York
|
+$1.24M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$531K |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
+$93.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
SSI Investment Management
Los Angeles,
California
|
-$2.2M |
| 2 |
Barclays
London,
United Kingdom
|
-$1.13M |
| 3 |
CC
Cannell Capital
Alta,
Wyoming
|
-$1M |
| 4 |
Citigroup
New York
|
-$422K |
| 5 |
ES
Equitec Specialists
Chicago,
Illinois
|
-$253K |
VRTSP Hedge Fund Activity: Q3 2019 in Review
17 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Virtus Investment Partners, Inc. 7.25% Series D Mandatory Convertible Preferred Stock (VRTSP) for Q3 2019, worth a combined $101M — up 3.5% from $97.2M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of VRTSP and 1 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 5 added.
The largest buyer was BlackRock, adding an estimated $2.8M. The largest seller was SSI Investment Management, exiting entirely with an estimated $2.2M sold.
- 17 institutional investors held Virtus Investment Partners, Inc. 7.25% Series D Mandatory Convertible Preferred Stock (VRTSP) as of Q3 2019, down from 19 in Q2 2019.
- Funds reported $101M of Virtus Investment Partners, Inc. 7.25% Series D Mandatory Convertible Preferred Stock stock for Q3 2019, up 3.5% quarter-over-quarter.
- 1 fund opened new Virtus Investment Partners, Inc. 7.25% Series D Mandatory Convertible Preferred Stock positions in Q3 2019 and 3 closed out, a net change of -2 holders.
- The largest Virtus Investment Partners, Inc. 7.25% Series D Mandatory Convertible Preferred Stock buyer in Q3 2019 was BlackRock, an estimated $2.8M added.
- The largest Virtus Investment Partners, Inc. 7.25% Series D Mandatory Convertible Preferred Stock seller in Q3 2019 was SSI Investment Management, an estimated $2.2M sold.
Based on aggregated 13F filings for Q3 2019.