MBIA
MBI
139 hedge funds and large institutions have $648M invested in MBIA in 2019 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 27 increasing their positions, 65 reducing their positions, and 17 closing their positions.
33% more call options, than puts
Call options by funds: $14.4M | Put options by funds: $10.9M
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
12% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 17
1% more funds holding
Funds holding: 137 → 139 (+2)
1.32% more ownership
Funds ownership: 81.57% → 82.89% (+1.3%)
5% less capital invested
Capital invested by funds: $685M → $648M (-$36.4M)
58% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 65
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
+$15.9M |
| 2 |
DKCM
Davidson Kempner Capital Management
New York
|
+$13.3M |
| 3 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$2.25M |
| 4 |
Renaissance Technologies
New York
|
+$2.14M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$1.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$18M |
| 2 |
FCP
Fine Capital Partners
New York
|
-$8.86M |
| 3 |
Millennium Management
New York
|
-$6.46M |
| 4 |
JP Morgan Chase
New York
|
-$6.29M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$5.26M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NIT
151
NumerixS Investment Technologies
Vancouver,
British Columbia, Canada
| – | -$67K | -7,200 | Closed |
|
|
LC
152
Lindbrook Capital
Calabasas,
California
| – | -$3K | -399 | Closed |
|
153
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$3K | -292 | Closed |
|
154
Rockefeller Capital Management
New York
| – | -$2K | -222 | Closed |
|
155
Fidelity International
Hamilton,
Bermuda
| – | +$65 | +7 | +15% |
|
|
GWS
156
Glassman Wealth Services
Vienna,
Virginia
| – | +$234 | +25 | +96% |
|
MBI Hedge Fund Activity: Q3 2019 in Review
139 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in MBIA (MBI) for Q3 2019, worth a combined $648M — down 5.3% from $685M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new MBI positions and 17 closed out — a net gain of 2 holders — while 27 added to existing stakes and 65 trimmed.
The largest buyer was EJF Capital, opening a new position worth an estimated $15.9M. The largest seller was Royce & Associates, cutting an estimated $18M.
- 139 institutional investors held MBIA (MBI) as of Q3 2019, up from 137 in Q2 2019.
- Funds reported $648M of MBIA stock for Q3 2019, down 5.3% quarter-over-quarter.
- 19 funds opened new MBIA positions in Q3 2019 and 17 closed out, a net change of +2 holders.
- The largest MBIA buyer in Q3 2019 was EJF Capital, an estimated $15.9M added.
- The largest MBIA seller in Q3 2019 was Royce & Associates, an estimated $18M sold.
Based on aggregated 13F filings for Q3 2019.