Magna International
MGA
380 hedge funds and large institutions have $10.6B invested in Magna International in 2016 Q4 according to their latest regulatory filings, with 53 funds opening new positions, 127 increasing their positions, 159 reducing their positions, and 31 closing their positions.
71% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 31
6% more capital invested
Capital invested by funds: $9.94B → $10.6B (+$617M)
5% more funds holding
Funds holding: 362 → 380 (+18)
2.1% more ownership
Funds ownership: 59.97% → 62.07% (+2.1%)
8% more call options, than puts
Call options by funds: $37.8M | Put options by funds: $34.8M
6% less funds holding in top 10
Funds holding in top 10: 16 → 15 (-1)
20% less repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 159
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$162M |
| 2 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
+$128M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$74.4M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$69.5M |
| 5 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$65.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$98.7M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$74.6M |
| 3 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
-$60.7M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$54.1M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$47.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JGC
401
J. Goldman & Co
New York
| – | -$356K | -8,300 | Closed |
|
|
LOAME
402
Lombard Odier Asset Management (Europe)
London,
United Kingdom
| – | -$315K | -5,592 | Closed |
|
403
Hudson Bay Capital Management
Stamford,
Connecticut
| – | -$231K | -5,375 | Closed |
|
|
NPC
404
National Planning Corporation
El Segundo,
California
| – | -$211K | -5,318 | Closed |
|
|
BCM
405
BTC Capital Management
Des Moines,
Iowa
| – | -$205K | -4,789 | Closed |
|
|
GCP
406
GSA Capital Partners
London,
United Kingdom
| – | -$201K | -4,679 | Closed |
|
|
BFA
407
BlackRock Fund Advisors
San Francisco,
California
| – | -$105K | -2,450 | Closed |
|
|
LAM
408
Lebenthal Asset Management
New York
| – | -$64K | -1,486 | Closed |
|
|
JFA
409
JNBA Financial Advisors
Bloomington,
Minnesota
| – | -$57K | -1,327 | Closed |
|
|
S
410
SignatureFD
Atlanta,
Georgia
| – | -$57K | -1,327 | Closed |
|
|
CCMIC
411
Cardinal Capital Management Inc (Canada)
Winnipeg,
Manitoba, Canada
| – | -$9K | -203 | Closed |
|
|
CHP
412
Cable Hill Partners
Portland,
Oregon
| – | -$4K | -100 | Closed |
|
MGA Hedge Fund Activity: Q4 2016 in Review
380 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Magna International (MGA) for Q4 2016, worth a combined $10.6B — up 6.2% from $9.94B a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new MGA positions and 31 closed out — a net gain of 22 holders — while 127 added to existing stakes and 159 trimmed.
The largest buyer was 1832 Asset Management, adding an estimated $162M. The largest seller was Toronto Dominion Bank, cutting an estimated $98.7M.
- 380 institutional investors held Magna International (MGA) as of Q4 2016, up from 362 in Q3 2016.
- Funds reported $10.6B of Magna International stock for Q4 2016, up 6.2% quarter-over-quarter.
- 53 funds opened new Magna International positions in Q4 2016 and 31 closed out, a net change of +22 holders.
- The largest Magna International buyer in Q4 2016 was 1832 Asset Management, an estimated $162M added.
- The largest Magna International seller in Q4 2016 was Toronto Dominion Bank, an estimated $98.7M sold.
Based on aggregated 13F filings for Q4 2016.