Banco Macro
100 hedge funds and large institutions have $715M invested in Banco Macro in 2019 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 33 increasing their positions, 22 reducing their positions, and 29 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 22
17% more capital invested
Capital invested by funds: $613M → $715M (+$102M)
0.15% more ownership
Funds ownership: 2.22% → 2.37% (+0.15%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
7% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 29
4% less funds holding
Funds holding: 104 → 100 (-4)
58% less call options, than puts
Call options by funds: $4.03M | Put options by funds: $9.54M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$69.6M |
| 2 |
SC
Sagil Capital
London,
United Kingdom
|
+$10.3M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$10.3M |
| 4 |
Morgan Stanley
New York
|
+$9.68M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$8.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HL
Harding Loevner
Bridgewater,
New Jersey
|
-$48.3M |
| 2 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$18.2M |
| 3 |
BlackRock
New York
|
-$9.22M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$8.02M |
| 5 |
BCM
Bienville Capital Management
New York
|
-$7.64M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$3K | -65 | Closed |
|
127
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$2K | -50 | Closed |
|
|
PMFA
128
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$1K | -15 | Closed |
|
|
FGAM
129
Financial Gravity Asset Management
Lakeway,
Texas
| – | +$206 | +4 | New |
|
BMA Hedge Fund Activity: Q1 2019 in Review
100 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Banco Macro (BMA) for Q1 2019, worth a combined $715M — up 17% from $613M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of BMA and 27 opened new positions — a net loss of 2 holders — while 22 trimmed existing stakes and 33 added.
The largest buyer was Fidelity International, adding an estimated $69.6M. The largest seller was Harding Loevner, cutting an estimated $48.3M.
- 100 institutional investors held Banco Macro (BMA) as of Q1 2019, down from 104 in Q4 2018.
- Funds reported $715M of Banco Macro stock for Q1 2019, up 17% quarter-over-quarter.
- 27 funds opened new Banco Macro positions in Q1 2019 and 29 closed out, a net change of -2 holders.
- The largest Banco Macro buyer in Q1 2019 was Fidelity International, an estimated $69.6M added.
- The largest Banco Macro seller in Q1 2019 was Harding Loevner, an estimated $48.3M sold.
Based on aggregated 13F filings for Q1 2019.