MBIA
MBI
149 hedge funds and large institutions have $980M invested in MBIA in 2018 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 39 increasing their positions, 53 reducing their positions, and 16 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
31% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 16
24% more call options, than puts
Call options by funds: $44.9M | Put options by funds: $36.2M
14% more capital invested
Capital invested by funds: $856M → $980M (+$124M)
3% more funds holding
Funds holding: 145 → 149 (+4)
4.55% less ownership
Funds ownership: 105.6% → 101.04% (-4.6%)
26% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 53
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCMNY
Rubric Capital Management (New York)
New York
|
+$20.6M |
| 2 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
+$13M |
| 3 |
Millennium Management
New York
|
+$3.61M |
| 4 |
D.E. Shaw & Co
New York
|
+$3.58M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$2.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCP
Fine Capital Partners
New York
|
-$15.1M |
| 2 |
DKCM
Davidson Kempner Capital Management
New York
|
-$9.66M |
| 3 |
CCP
Cyrus Capital Partners
New York
|
-$8.58M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$6.81M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$6.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Wolverine Trading
Chicago,
Illinois
| – | -$621K | -67,010 | Closed |
|
|
SC
152
Sculptor Capital
New York
| – | -$334K | -37,000 | Closed |
|
|
MVA
153
Mount Vernon Associates
Baltimore,
Maryland
| – | -$165K | -18,300 | Closed |
|
|
CA
154
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
| – | -$143K | -15,837 | Closed |
|
155
Prudential Financial
Newark,
New Jersey
| – | -$99K | -10,995 | Closed |
|
156
SEI Investments
Oaks,
Pennsylvania
| – | -$41K | -4,511 | Closed |
|
|
PIA
157
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$14K | -1,537 | Closed |
|
|
PHK
158
Point72 Hong Kong
Hong Kong
| – | -$12K | -1,330 | Closed |
|
|
GFP
159
Gryphon Financial Partners
Columbus,
Ohio
| – | -$7K | -762 | Closed |
|
|
CFN
160
Cordasco Financial Network
Naples,
Florida
| – | -$4K | -494 | Closed |
|
161
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$2K | -200 | Closed |
|
MBI Hedge Fund Activity: Q3 2018 in Review
149 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in MBIA (MBI) for Q3 2018, worth a combined $980M — up 14% from $856M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new MBI positions and 16 closed out — a net gain of 5 holders — while 39 added to existing stakes and 53 trimmed.
The largest buyer was Rubric Capital Management (New York), opening a new position worth an estimated $20.6M. The largest seller was Fine Capital Partners, cutting an estimated $15.1M.
- 149 institutional investors held MBIA (MBI) as of Q3 2018, up from 145 in Q2 2018.
- Funds reported $980M of MBIA stock for Q3 2018, up 14% quarter-over-quarter.
- 21 funds opened new MBIA positions in Q3 2018 and 16 closed out, a net change of +5 holders.
- The largest MBIA buyer in Q3 2018 was Rubric Capital Management (New York), an estimated $20.6M added.
- The largest MBIA seller in Q3 2018 was Fine Capital Partners, an estimated $15.1M sold.
Based on aggregated 13F filings for Q3 2018.