Magna International
357 hedge funds and large institutions have $12B invested in Magna International in 2014 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 123 increasing their positions, 152 reducing their positions, and 34 closing their positions.
38% more call options, than puts
Call options by funds: $35.5M | Put options by funds: $25.6M
15% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 34
1% more funds holding
Funds holding: 355 → 357 (+2)
3.85% less ownership
Funds ownership: 123.11% → 119.26% (-3.9%)
17% less capital invested
Capital invested by funds: $14.5B → $12B (-$2.47B)
19% less repeat investments, than reductions
Existing positions increased: 123 | Existing positions reduced: 152
27% less funds holding in top 10
Funds holding in top 10: 22 → 16 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$216M |
| 2 |
CCMIC
Cardinal Capital Management Inc (Canada)
Winnipeg,
Manitoba, Canada
|
+$86.8M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$70.6M |
| 4 |
BCM
Barometer Capital Management
Toronto,
Ontario, Canada
|
+$53.7M |
| 5 |
GAM
Gotham Asset Management
New York
|
+$37.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$240M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$230M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$203M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$196M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$99M |
MGA Hedge Fund Activity: Q3 2014 in Review
357 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Magna International (MGA) for Q3 2014, worth a combined $12B — down 17% from $14.5B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new MGA positions and 34 closed out — a net gain of 5 holders — while 123 added to existing stakes and 152 trimmed.
The largest buyer was Toronto Dominion Bank, adding an estimated $216M. The largest seller was Credit Suisse, cutting an estimated $240M.
- 357 institutional investors held Magna International (MGA) as of Q3 2014, up from 355 in Q2 2014.
- Funds reported $12B of Magna International stock for Q3 2014, down 17% quarter-over-quarter.
- 39 funds opened new Magna International positions in Q3 2014 and 34 closed out, a net change of +5 holders.
- The largest Magna International buyer in Q3 2014 was Toronto Dominion Bank, an estimated $216M added.
- The largest Magna International seller in Q3 2014 was Credit Suisse, an estimated $240M sold.
Based on aggregated 13F filings for Q3 2014.