MBIA
MBI
137 hedge funds and large institutions have $685M invested in MBIA in 2019 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 37 increasing their positions, 53 reducing their positions, and 21 closing their positions.
13% more call options, than puts
Call options by funds: $14.1M | Put options by funds: $12.5M
7.79% less ownership
Funds ownership: 89.36% → 81.57% (-7.8%)
9% less funds holding
Funds holding: 150 → 137 (-13)
11% less capital invested
Capital invested by funds: $768M → $685M (-$82.7M)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
30% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 53
38% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KBG
Kahn Brothers Group
New York
|
+$11.2M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$5.37M |
| 3 |
DKCM
Davidson Kempner Capital Management
New York
|
+$3.92M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$3.84M |
| 5 |
Millennium Management
New York
|
+$3.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Russell Investments Group
London,
United Kingdom
|
-$28.4M |
| 2 |
FCP
Fine Capital Partners
New York
|
-$8.13M |
| 3 |
JP Morgan Chase
New York
|
-$7.48M |
| 4 |
Nordea Investment Management
Stockholm,
Sweden
|
-$6.49M |
| 5 |
RCMNY
Rubric Capital Management (New York)
New York
|
-$3.58M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SL
151
Salomon & Ludwin
Richmond,
Virginia
| – | -$4K | -397 | Closed |
|
|
AIM
152
Assured Investment Management
New York
| – | -$4K | -380 | Closed |
|
153
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1K | -126 | Closed |
|
|
BAM
154
Bruderman Asset Management
Locust Valley,
New York
| – | -$1K | -120 | Closed |
|
|
WT
155
Whittier Trust
South Pasadena,
California
| – | -$1K | -58 | Closed |
|
MBI Hedge Fund Activity: Q2 2019 in Review
137 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in MBIA (MBI) for Q2 2019, worth a combined $685M — down 11% from $768M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of MBI and 13 opened new positions — a net loss of 8 holders — while 53 trimmed existing stakes and 37 added.
The largest buyer was Kahn Brothers Group, adding an estimated $11.2M. The largest seller was Russell Investments Group, cutting an estimated $28.4M.
- 137 institutional investors held MBIA (MBI) as of Q2 2019, down from 150 in Q1 2019.
- Funds reported $685M of MBIA stock for Q2 2019, down 11% quarter-over-quarter.
- 13 funds opened new MBIA positions in Q2 2019 and 21 closed out, a net change of -8 holders.
- The largest MBIA buyer in Q2 2019 was Kahn Brothers Group, an estimated $11.2M added.
- The largest MBIA seller in Q2 2019 was Russell Investments Group, an estimated $28.4M sold.
Based on aggregated 13F filings for Q2 2019.