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153 hedge funds and large institutions have $942M invested in MBIA in 2018 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 32 increasing their positions, 67 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more funds holding in top 10

Funds holding in top 10: 56 (+1)

17% more capital invested

Capital invested by funds: $804M → $942M (+$139M)

6% more call options, than puts

Call options by funds: $158M | Put options by funds: $149M

5.59% less ownership

Funds ownership: 119.59%114% (-5.6%)

8% less funds holding

Funds holding: 166153 (-13)

39% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 33

52% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 67

Holders
153
Holders Change
-13
Holders Change %
-7.83%
% of All Funds
3.51%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.14%
New
20
Increased
32
Reduced
67
Closed
33
Calls
$158M
Puts
$149M
Net Calls
+$8.95M
Net Calls Change
+$50.2M
Name Holding Trade Value Shares
Change
Change in
Stake
V
26
ValueWorks
New York
$7.44M +$204K +25,325 +3%
XSC
27
X-Square Capital
Puerto Rico
$7.41M +$288K +35,787 +5%
DG
28
Delek Group
Israel
$6.59M -$442K -55,000 -7%
California Public Employees Retirement System
29
California Public Employees Retirement System
California
$6.28M -$1.06M -132,440 -16%
PPA
30
Parametric Portfolio Associates
Washington
$6.21M +$84K +10,453 +2%
PCM
31
Proxima Capital Management
New York
$6.16M -$281K -35,000 -5%
Goldman Sachs
32
Goldman Sachs
New York
$5.54M -$899K -111,876 -16%
Deutsche Bank
33
Deutsche Bank
Germany
$4.91M +$985K +122,594 +30%
Bank of New York Mellon
34
Bank of New York Mellon
New York
$4.82M -$28.5K -3,546 -0.7%
Stifel Financial
35
Stifel Financial
Missouri
$4.69M -$104K -12,935 -3%
PFMOSF
36
Philadelphia Financial Management of San Francisco
California
$4.09M +$3.55M +441,990 New
TCM
37
Tegean Capital Management
New York
$4.07M -$1.69M -210,000 -32%
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$3.09M -$306K -38,040 -10%
JG
39
Jefferies Group
New York
$3.08M -$6.6M -820,792 -71%
CS
40
Credit Suisse
Switzerland
$3.02M -$449K -55,865 -15%
Millennium Management
41
Millennium Management
New York
$2.88M -$1.8M -224,183 -42%
OFW
42
Omnia Family Wealth
Florida
$2.63M
KBC Group
43
KBC Group
Belgium
$2.62M +$2.23M +277,686 +5,537%
Invesco
44
Invesco
Georgia
$2.28M +$500K +62,177 +34%
Hotchkis & Wiley Capital Management
45
Hotchkis & Wiley Capital Management
California
$2.08M +$224K +27,889 +14%
Barclays
46
Barclays
United Kingdom
$1.94M -$350K -43,486 -17%
CRM
47
Capital Returns Management
New York
$1.67M +$1.45M +180,405 New
LOAMU
48
Lombard Odier Asset Management (USA)
New York
$1.52M -$3.26M -406,119 -71%
TA
49
Teachers Advisors
New York
$1.52M
Legal & General Group
50
Legal & General Group
United Kingdom
$1.51M -$923K -114,862 -41%

MBI Hedge Fund Activity: Q1 2018 in Review

153 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in MBIA (MBI) for Q1 2018, worth a combined $942M — up 17% from $804M a quarter earlier.

Sellers outnumbered buyers: 33 funds closed out of MBI and 20 opened new positions — a net loss of 13 holders — while 67 trimmed existing stakes and 32 added.

The largest buyer was Davidson Kempner Capital Management, opening a new position worth an estimated $11.6M. The largest seller was Discovery Capital Management, exiting entirely with an estimated $23.2M sold.

  • 153 institutional investors held MBIA (MBI) as of Q1 2018, down from 166 in Q4 2017.
  • Funds reported $942M of MBIA stock for Q1 2018, up 17% quarter-over-quarter.
  • 20 funds opened new MBIA positions in Q1 2018 and 33 closed out, a net change of -13 holders.
  • The largest MBIA buyer in Q1 2018 was Davidson Kempner Capital Management, an estimated $11.6M added.
  • The largest MBIA seller in Q1 2018 was Discovery Capital Management, an estimated $23.2M sold.

Based on aggregated 13F filings for Q1 2018.