MBIA
MBI
153 hedge funds and large institutions have $942M invested in MBIA in 2018 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 32 increasing their positions, 67 reducing their positions, and 33 closing their positions.
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
17% more capital invested
Capital invested by funds: $804M → $942M (+$139M)
6% more call options, than puts
Call options by funds: $158M | Put options by funds: $149M
5.59% less ownership
Funds ownership: 119.59% → 114% (-5.6%)
8% less funds holding
Funds holding: 166 → 153 (-13)
39% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 33
52% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 67
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DKCM
Davidson Kempner Capital Management
New York
|
+$11.6M |
| 2 |
Morgan Stanley
New York
|
+$6.79M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
+$6.54M |
| 4 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$3.55M |
| 5 |
TAM
Taylor Asset Management
Toronto,
Ontario, Canada
|
+$2.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$23.2M |
| 2 |
EC
EJF Capital
Arlington,
Virginia
|
-$8.31M |
| 3 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
-$7.3M |
| 4 |
JG
Jefferies Group
New York
|
-$6.6M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$5.26M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
176
Prelude Capital Management
New York
| – | -$22K | -3,000 | Closed |
|
177
US Bancorp
Minneapolis,
Minnesota
| – | -$17K | -2,285 | Closed |
|
|
ST
178
Smithfield Trust
Pittsburgh,
Pennsylvania
| – | -$16K | -2,223 | Closed |
|
|
PHK
179
Point72 Hong Kong
Hong Kong
| – | -$10K | -1,409 | Closed |
|
|
CG
180
Cutler Group
San Francisco,
California
| – | -$6.43K | -800 | Closed |
|
|
CCM
181
Covington Capital Management
Los Angeles,
California
| – | -$4K | -613 | Closed |
|
|
MAM
182
Meeder Asset Management
Dublin,
Ohio
| – | -$1K | -148 | Closed |
|
|
GWS
183
Glassman Wealth Services
Vienna,
Virginia
| – | +$209 | +26 | New |
|
MBI Hedge Fund Activity: Q1 2018 in Review
153 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in MBIA (MBI) for Q1 2018, worth a combined $942M — up 17% from $804M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of MBI and 20 opened new positions — a net loss of 13 holders — while 67 trimmed existing stakes and 32 added.
The largest buyer was Davidson Kempner Capital Management, opening a new position worth an estimated $11.6M. The largest seller was Discovery Capital Management, exiting entirely with an estimated $23.2M sold.
- 153 institutional investors held MBIA (MBI) as of Q1 2018, down from 166 in Q4 2017.
- Funds reported $942M of MBIA stock for Q1 2018, up 17% quarter-over-quarter.
- 20 funds opened new MBIA positions in Q1 2018 and 33 closed out, a net change of -13 holders.
- The largest MBIA buyer in Q1 2018 was Davidson Kempner Capital Management, an estimated $11.6M added.
- The largest MBIA seller in Q1 2018 was Discovery Capital Management, an estimated $23.2M sold.
Based on aggregated 13F filings for Q1 2018.