MBIA
MBI
142 hedge funds and large institutions have $761M invested in MBIA in 2018 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 46 increasing their positions, 52 reducing their positions, and 18 closing their positions.
1% more call options, than puts
Call options by funds: $30.4M | Put options by funds: $30M
5% less funds holding
Funds holding: 149 → 142 (-7)
6.9% less ownership
Funds ownership: 101.04% → 94.15% (-6.9%)
12% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 52
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
22% less capital invested
Capital invested by funds: $980M → $761M (-$218M)
39% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
+$9.35M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
+$4.59M |
| 3 |
RCMNY
Rubric Capital Management (New York)
New York
|
+$3.81M |
| 4 |
DKCM
Davidson Kempner Capital Management
New York
|
+$2.94M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCP
Fine Capital Partners
New York
|
-$19.4M |
| 2 |
O
OppenheimerFunds
New York
|
-$15M |
| 3 |
Millennium Management
New York
|
-$11.1M |
| 4 |
HP
Hosking Partners
London,
United Kingdom
|
-$9.8M |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
-$7.46M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Teacher Retirement System of Texas
Austin,
Texas
| – | -$108K | -10,144 | Closed |
|
|
MYIA
152
Mount Yale Investment Advisors
Denver,
Colorado
| – | -$45K | -4,467 | Closed |
|
|
NIT
153
NumerixS Investment Technologies
Vancouver,
British Columbia, Canada
| – | -$46K | -4,200 | Closed |
|
|
RMAM
154
Raab & Moskowitz Asset Management
Chatham,
New Jersey
| – | -$3K | -362 | Closed |
|
|
JCM
155
Jacobi Capital Management
Pittston,
Pennsylvania
| – | -$3K | -250 | Closed |
|
|
SCM
156
Southport Capital Management
Chattanooga,
Tennessee
| – | -$2K | -200 | Closed |
|
157
Fidelity International
Hamilton,
Bermuda
| – | -$324 | -34 | -52% |
|
MBI Hedge Fund Activity: Q4 2018 in Review
142 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in MBIA (MBI) for Q4 2018, worth a combined $761M — down 22% from $980M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of MBI and 11 opened new positions — a net loss of 7 holders — while 52 trimmed existing stakes and 46 added.
The largest buyer was Whitebox Advisors, adding an estimated $9.35M. The largest seller was Fine Capital Partners, cutting an estimated $19.4M.
- 142 institutional investors held MBIA (MBI) as of Q4 2018, down from 149 in Q3 2018.
- Funds reported $761M of MBIA stock for Q4 2018, down 22% quarter-over-quarter.
- 11 funds opened new MBIA positions in Q4 2018 and 18 closed out, a net change of -7 holders.
- The largest MBIA buyer in Q4 2018 was Whitebox Advisors, an estimated $9.35M added.
- The largest MBIA seller in Q4 2018 was Fine Capital Partners, an estimated $19.4M sold.
Based on aggregated 13F filings for Q4 2018.