Magna International
370 hedge funds and large institutions have $8.14B invested in Magna International in 2016 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 144 increasing their positions, 140 reducing their positions, and 44 closing their positions.
3% more repeat investments, than reductions
Existing positions increased: 144 | Existing positions reduced: 140
2% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 44
1% less funds holding
Funds holding: 374 → 370 (-4)
1.12% less ownership
Funds ownership: 60.15% → 59.03% (-1.1%)
15% less call options, than puts
Call options by funds: $19.2M | Put options by funds: $22.6M
22% less capital invested
Capital invested by funds: $10.5B → $8.14B (-$2.35B)
55% less funds holding in top 10
Funds holding in top 10: 20 → 9 (-11)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$136M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$43.4M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$41.3M |
| 4 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
+$37.6M |
| 5 |
Renaissance Technologies
New York
|
+$31.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$195M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$72.8M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$58.6M |
| 4 |
GCC
Guardian Capital (Canada)
Toronto,
Ontario, Canada
|
-$50.4M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$50.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPC
401
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$203K | -4,727 | Closed |
|
|
SEC
402
Seven Eight Capital
New York
| – | -$95K | -2,200 | Closed |
|
|
LNB
403
Ledyard National Bank
| – | -$86K | -2,000 | Closed |
|
|
NC
404
Northpointe Capital
Bloomfield Hills,
Michigan
| – | -$82K | -1,915 | Closed |
|
|
GI
405
Gradient Investments
Arden Hills,
Minnesota
| – | -$32K | -751 | Closed |
|
|
IIM
406
Ipswich Investment Management
Beverly,
Massachusetts
| – | -$25K | -600 | Closed |
|
|
BBHC
407
Brown Brothers Harriman & Co
New York
| – | -$17K | -400 | Closed |
|
408
BlackRock
New York
| – | -$9K | -200 | Closed |
|
|
EWM
409
Endurance Wealth Management
Providence,
Rhode Island
| – | -$9 | -200 | Closed |
|
|
TWA
410
TCI Wealth Advisors
Tucson,
Arizona
| – | -$9K | -200 | Closed |
|
|
SBL
411
Sargent Bickham Lagudis
Boulder,
Colorado
| – | -$4K | -82 | Closed |
|
|
TDC
412
Thompson Davis & Co
Richmond,
Virginia
| – | -$3K | -70 | Closed |
|
|
UFA
413
US Financial Advisors
Braintree,
Massachusetts
| – | -$1K | -24 | Closed |
|
MGA Hedge Fund Activity: Q2 2016 in Review
370 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Magna International (MGA) for Q2 2016, worth a combined $8.14B — down 22% from $10.5B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of MGA and 43 opened new positions — a net loss of 1 holder — while 140 trimmed existing stakes and 144 added.
The largest buyer was Mackenzie Financial, adding an estimated $136M. The largest seller was Caisse de Depot et Placement du Quebec (CDPQ), cutting an estimated $195M.
- 370 institutional investors held Magna International (MGA) as of Q2 2016, down from 374 in Q1 2016.
- Funds reported $8.14B of Magna International stock for Q2 2016, down 22% quarter-over-quarter.
- 43 funds opened new Magna International positions in Q2 2016 and 44 closed out, a net change of -1 holder.
- The largest Magna International buyer in Q2 2016 was Mackenzie Financial, an estimated $136M added.
- The largest Magna International seller in Q2 2016 was Caisse de Depot et Placement du Quebec (CDPQ), an estimated $195M sold.
Based on aggregated 13F filings for Q2 2016.