Magna International
400 hedge funds and large institutions have $10.4B invested in Magna International in 2023 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 152 increasing their positions, 134 reducing their positions, and 41 closing their positions.
87% more call options, than puts
Call options by funds: $77.4M | Put options by funds: $41.3M
13% more repeat investments, than reductions
Existing positions increased: 152 | Existing positions reduced: 134
2.61% more ownership
Funds ownership: 64.79% → 67.4% (+2.6%)
10% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 41
1% more funds holding
Funds holding: 397 → 400 (+3)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
1% less capital invested
Capital invested by funds: $10.5B → $10.4B (-$104M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$308M |
| 2 |
Pzena Investment Management
New York
|
+$210M |
| 3 |
Harris Associates
Chicago,
Illinois
|
+$111M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$50.3M |
| 5 |
CF
Canoe Financial
Calgary,
Alberta, Canada
|
+$31.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$106M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$68.5M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$37.9M |
| 4 |
Aristotle Capital Management
Los Angeles,
California
|
-$23.8M |
| 5 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$20.5M |
MGA Hedge Fund Activity: Q3 2023 in Review
400 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Magna International (MGA) for Q3 2023, worth a combined $10.4B — down 1% from $10.5B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new MGA positions and 41 closed out — a net gain of 4 holders — while 152 added to existing stakes and 134 trimmed.
The largest buyer was Bank of America, adding an estimated $308M. The largest seller was T. Rowe Price Associates, cutting an estimated $106M.
- 400 institutional investors held Magna International (MGA) as of Q3 2023, up from 397 in Q2 2023.
- Funds reported $10.4B of Magna International stock for Q3 2023, down 1% quarter-over-quarter.
- 45 funds opened new Magna International positions in Q3 2023 and 41 closed out, a net change of +4 holders.
- The largest Magna International buyer in Q3 2023 was Bank of America, an estimated $308M added.
- The largest Magna International seller in Q3 2023 was T. Rowe Price Associates, an estimated $106M sold.
Based on aggregated 13F filings for Q3 2023.