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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.

New
Increased
Maintained
Reduced
Closed

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: 67 (+1)

12% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 17

1% more funds holding

Funds holding: 137139 (+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

Holders
139
Holders Change
+2
Holders Change %
+1.46%
% of All Funds
3.05%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.15%
New
19
Increased
27
Reduced
65
Closed
17
Calls
$14.4M
Puts
$10.9M
Net Calls
+$3.56M
Net Calls Change
+$1.98M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$66.7M -$5.26M -563,001 -7%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$64.1M -$114K -12,200 -0.2%
BlackRock
3
BlackRock
New York
$53.4M -$2.68M -286,929 -5%
FCP
4
Fine Capital Partners
New York
$52.1M -$8.86M -948,012 -14%
KBG
5
Kahn Brothers Group
New York
$51.6M -$235K -25,165 -0.4%
LCOV
6
London Company of Virginia
Virginia
$33.9M -$466K -49,852 -1%
HP
7
Hosking Partners
United Kingdom
$32.8M -$1.64M -174,970 -5%
DKCM
8
Davidson Kempner Capital Management
New York
$30.6M +$13.3M +1,424,350 +75%
Ameriprise
9
Ameriprise
Minnesota
$22.5M -$1.53M -163,995 -6%
State Street
10
State Street
Massachusetts
$17.8M -$302K -32,255 -2%
EC
11
EJF Capital
Virginia
$15.7M +$15.9M +1,696,682 New
Charles Schwab
12
Charles Schwab
California
$14.2M -$126K -13,513 -0.9%
RCMNY
13
Rubric Capital Management (New York)
New York
$13.8M -$4.94M -528,001 -26%
Northern Trust
14
Northern Trust
Illinois
$10.3M -$796K -85,186 -7%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$9.02M -$1.22M -130,326 -12%
TSW
16
Thompson Siegel & Walmsley
Virginia
$8.94M -$761K -81,429 -8%
Wellington Management Group
17
Wellington Management Group
Massachusetts
$8.59M -$26.6K -2,846 -0.3%
Morgan Stanley
18
Morgan Stanley
New York
$7.94M +$258K +27,546 +3%
JP Morgan Chase
19
JP Morgan Chase
New York
$6.39M -$6.29M -672,864 -49%
V
20
ValueWorks
New York
$6.08M -$580K -62,025 -9%
CAM
21
Chou Associates Management
Ontario, Canada
$6.02M -$2.8M -300,000 -31%
RA
22
Royce & Associates
New York
$5.88M -$18M -1,920,187 -75%
Citadel Advisors
23
Citadel Advisors
Florida
$5.82M -$272K -29,098 -4%
ERM
24
Elm Ridge Management
New York
$5.58M -$139K -14,846 -2%
PPA
25
Parametric Portfolio Associates
Washington
$4.92M -$112K -11,946 -2%

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.