Magna International
397 hedge funds and large institutions have $10.5B invested in Magna International in 2023 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 156 increasing their positions, 129 reducing their positions, and 50 closing their positions.
104% more call options, than puts
Call options by funds: $66M | Put options by funds: $32.3M
75% more funds holding in top 10
Funds holding in top 10: 4 → 7 (+3)
21% more repeat investments, than reductions
Existing positions increased: 156 | Existing positions reduced: 129
6% more capital invested
Capital invested by funds: $9.88B → $10.5B (+$611M)
0.52% more ownership
Funds ownership: 64.27% → 64.79% (+0.52%)
3% less funds holding
Funds holding: 409 → 397 (-12)
22% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 50
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pzena Investment Management
New York
|
+$87.6M |
| 2 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$75.4M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$52.1M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$40.3M |
| 5 |
Harris Associates
Chicago,
Illinois
|
+$37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$47.8M |
| 2 |
GCC
Guardian Capital (Canada)
Toronto,
Ontario, Canada
|
-$41.7M |
| 3 |
Amundi
Paris,
France
|
-$32.5M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
-$28.4M |
| 5 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$27.2M |
MGA Hedge Fund Activity: Q2 2023 in Review
397 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Magna International (MGA) for Q2 2023, worth a combined $10.5B — up 6.2% from $9.88B a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of MGA and 39 opened new positions — a net loss of 11 holders — while 129 trimmed existing stakes and 156 added.
The largest buyer was Pzena Investment Management, adding an estimated $87.6M. The largest seller was Fidelity International, cutting an estimated $47.8M.
- 397 institutional investors held Magna International (MGA) as of Q2 2023, down from 409 in Q1 2023.
- Funds reported $10.5B of Magna International stock for Q2 2023, up 6.2% quarter-over-quarter.
- 39 funds opened new Magna International positions in Q2 2023 and 50 closed out, a net change of -11 holders.
- The largest Magna International buyer in Q2 2023 was Pzena Investment Management, an estimated $87.6M added.
- The largest Magna International seller in Q2 2023 was Fidelity International, an estimated $47.8M sold.
Based on aggregated 13F filings for Q2 2023.