CAMDEN ASSET MANAGEMENT L P CA's Q1 2022 13F: 4 new positions, 3 exits
Form 13F-HR for the quarter ended Mar 31, 2022 · filed May 13, 2022 · 12 reported positions · accession 0001104659-22-059944
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | NEXTERA ENERGY INC UNIT 99/99/9999 (NEEPRP) | — | 16.1% | +16.1 pts | +1.52M sh | new |
| Increased | DANAHER CORPORATION COM (DHR) | 11.2% | 17.8% | +6.6 pts | +142K sh | +91% |
| New | DOMINION ENERGY INC DEBT 7.250 PERCENT 6/0 (DCUE) | — | 6.8% | +6.8 pts | +328K sh | new |
| Exited | BECTON DICKINSON & CO COM (BDX) | 6.7% | — | −6.7 pts | −122K sh | −100% |
| Exited | SOUTHERN CO UNIT 08/01/2022 (SOLN) | 5.7% | — | −5.7 pts | −496K sh | −100% |
| Exited | STANLEY BLACK & DECKER INC COM (SWK) | 5.4% | — | −5.4 pts | −132K sh | −100% |
| New | AMERICAN ELEC PWR CO INC COM (AEP) | — | 3.5% | +3.5 pts | +171K sh | new |
| Reduced | DTE ENERGY CO UNIT 11/01/2022S (DTP) | 4.7% | 1.9% | −2.8 pts | −246K sh | −58% |
| Reduced | KKR & CO INC COM (KKR) | 7.1% | 4.2% | −2.9 pts | −83,400 sh | −19% |
| Reduced | NEW YORK CMNTY CAP TR V UNIT 11/01/2051 (FLGPRU) | 1.6% | 0.5% | −1.1 pts | −90,000 sh | −63% |
| Increased | BK OF AMERICA CORP 7.25 PERCENTCNV PFD L (BACPRL) | 28.6% | 25.0% | −3.7 pts | +2,755 sh | +3% |
| New | ELANCO ANIMAL HEALTH INC UNIT 02/01/2023T (ELAT) | — | 0.4% | +0.4 pts | +50,000 sh | new |
| Reduced | WELLS FARGO CO NEW PERP PFD CNV A (WFCPRL) | 24.9% | 20.3% | −4.6 pts | −155 sh | 0% |
| Increased | EPR PPTYS PFD C CV 5.75 PERCENT (EPRPRC) | 2.2% | 2.1% | −0.1 pts | +3,000 sh | +1% |
| Increased | EPR PPTYS CONV PFD 9 PERCENT SR E (EPRPRE) | 1.8% | 1.6% | −0.2 pts | +1,000 sh | 0% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 99.1% of the equity book
Changes in the top 10 this quarter: NEEPRP entered · DCUE entered · AEP entered · BDX left · SOLN left · SWK left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | BK OF AMERICA CORP 7.25 PERCENTCNV PFD L (BACPRL) | 28.6% | 25.0% | |
| 2 | WELLS FARGO CO NEW PERP PFD CNV A (WFCPRL) | 24.9% | 20.3% | |
| 3 | DANAHER CORPORATION COM (DHR) | 11.2% | 17.8% | |
| 4 | NEXTERA ENERGY INC UNIT 99/99/9999 (NEEPRP) | 0.0% | 16.1% | Entered the top 10 |
| 5 | DOMINION ENERGY INC DEBT 7.250 PERCENT 6/0 (DCUE) | 0.0% | 6.8% | Entered the top 10 |
| 6 | KKR & CO INC COM (KKR) | 7.1% | 4.2% | |
| 7 | AMERICAN ELEC PWR CO INC COM (AEP) | 0.0% | 3.5% | Entered the top 10 |
| 8 | EPR PPTYS PFD C CV 5.75 PERCENT (EPRPRC) | 2.2% | 2.1% | |
| 9 | DTE ENERGY CO UNIT 11/01/2022S (DTP) | 4.7% | 1.9% | |
| 10 | EPR PPTYS CONV PFD 9 PERCENT SR E (EPRPRE) | 1.8% | 1.6% | |
| — | BECTON DICKINSON & CO COM (BDX) | 6.7% | 0.0% | Left the top 10 |
| — | SOUTHERN CO UNIT 08/01/2022 (SOLN) | 5.7% | 0.0% | Left the top 10 |
| — | STANLEY BLACK & DECKER INC COM (SWK) | 5.4% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | MGIC INVT CORP WIS CALL (MTG) | Call | 88,938 | 0 | $0 |