Magna International
MGA
374 hedge funds and large institutions have $10.5B invested in Magna International in 2016 Q1 according to their latest regulatory filings, with 53 funds opening new positions, 141 increasing their positions, 140 reducing their positions, and 75 closing their positions.
82% more funds holding in top 10
Funds holding in top 10: 11 → 20 (+9)
1% more repeat investments, than reductions
Existing positions increased: 141 | Existing positions reduced: 140
6% less capital invested
Capital invested by funds: $11.2B → $10.5B (-$686M)
6.79% less ownership
Funds ownership: 66.94% → 60.15% (-6.8%)
7% less funds holding
Funds holding: 404 → 374 (-30)
29% less first-time investments, than exits
New positions opened: 53 | Existing positions closed: 75
34% less call options, than puts
Call options by funds: $17.7M | Put options by funds: $26.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$78.3M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$77.6M |
| 3 |
GCC
Guardian Capital (Canada)
Toronto,
Ontario, Canada
|
+$51.8M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$40.3M |
| 5 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
+$38.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$524M |
| 2 |
SIG
Senator Investment Group
New York
|
-$239M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$127M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$122M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$79M |
MGA Hedge Fund Activity: Q1 2016 in Review
374 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Magna International (MGA) for Q1 2016, worth a combined $10.5B — down 6.1% from $11.2B a quarter earlier.
Sellers outnumbered buyers: 75 funds closed out of MGA and 53 opened new positions — a net loss of 22 holders — while 140 trimmed existing stakes and 141 added.
The largest buyer was Bank of Montreal, adding an estimated $78.3M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $524M.
- 374 institutional investors held Magna International (MGA) as of Q1 2016, down from 404 in Q4 2015.
- Funds reported $10.5B of Magna International stock for Q1 2016, down 6.1% quarter-over-quarter.
- 53 funds opened new Magna International positions in Q1 2016 and 75 closed out, a net change of -22 holders.
- The largest Magna International buyer in Q1 2016 was Bank of Montreal, an estimated $78.3M added.
- The largest Magna International seller in Q1 2016 was BNP Paribas Financial Markets, an estimated $524M sold.
Based on aggregated 13F filings for Q1 2016.