MBIA
MBI
161 hedge funds and large institutions have $1.04B invested in MBIA in 2017 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 47 increasing their positions, 53 reducing their positions, and 21 closing their positions.
57% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 21
14% more call options, than puts
Call options by funds: $90.3M | Put options by funds: $78.9M
8% more funds holding
Funds holding: 149 → 161 (+12)
5.86% more ownership
Funds ownership: 89.45% → 95.31% (+5.9%)
4% less capital invested
Capital invested by funds: $1.09B → $1.04B (-$49M)
11% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 53
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCP
Fine Capital Partners
New York
|
+$41.2M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$22.1M |
| 3 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$17.7M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$16.8M |
| 5 |
SV
Starboard Value
New York
|
+$12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$59.8M |
| 2 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
-$10.4M |
| 3 |
EC
EJF Capital
Arlington,
Virginia
|
-$8.52M |
| 4 |
ERM
Elm Ridge Management
Briarcliff Manor,
New York
|
-$5.74M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$5.42M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCM
176
BlueCrest Capital Management
St Helier,
Jersey
| – | -$95K | -10,025 | Closed |
|
177
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$39K | -4,133 | Closed |
|
|
PFO
178
Pathstone Family Office
Englewood,
New Jersey
| – | -$21K | -2,190 | Closed |
|
|
HCM
179
Highlander Capital Management
Short Hills,
New Jersey
| – | -$7K | -750 | Closed |
|
|
DADC
180
D.A. Davidson & Co
Great Falls,
Montana
| – | -$6K | -725 | Closed |
|
MBI Hedge Fund Activity: Q3 2017 in Review
161 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in MBIA (MBI) for Q3 2017, worth a combined $1.04B — down 4.5% from $1.09B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new MBI positions and 21 closed out — a net gain of 12 holders — while 47 added to existing stakes and 53 trimmed.
The largest buyer was Fine Capital Partners, adding an estimated $41.2M. The largest seller was Wellington Management Group, cutting an estimated $59.8M.
- 161 institutional investors held MBIA (MBI) as of Q3 2017, up from 149 in Q2 2017.
- Funds reported $1.04B of MBIA stock for Q3 2017, down 4.5% quarter-over-quarter.
- 33 funds opened new MBIA positions in Q3 2017 and 21 closed out, a net change of +12 holders.
- The largest MBIA buyer in Q3 2017 was Fine Capital Partners, an estimated $41.2M added.
- The largest MBIA seller in Q3 2017 was Wellington Management Group, an estimated $59.8M sold.
Based on aggregated 13F filings for Q3 2017.