Magna International
400 hedge funds and large institutions have $11.1B invested in Magna International in 2024 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 172 increasing their positions, 118 reducing their positions, and 59 closing their positions.
46% more repeat investments, than reductions
Existing positions increased: 172 | Existing positions reduced: 118
0.29% more ownership
Funds ownership: 68.6% → 68.89% (+0.29%)
5% less funds holding
Funds holding: 419 → 400 (-19)
6% less capital invested
Capital invested by funds: $11.9B → $11.1B (-$755M)
24% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 59
30% less funds holding in top 10
Funds holding in top 10: 10 → 7 (-3)
88% less call options, than puts
Call options by funds: $51.9M | Put options by funds: $444M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pzena Investment Management
New York
|
+$285M |
| 2 |
Goldman Sachs
New York
|
+$108M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$45M |
| 4 |
D.E. Shaw & Co
New York
|
+$27M |
| 5 |
Harris Associates
Chicago,
Illinois
|
+$26.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$223M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$73.7M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$66.7M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$63.7M |
| 5 |
Morgan Stanley
New York
|
-$61M |
MGA Hedge Fund Activity: Q1 2024 in Review
400 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Magna International (MGA) for Q1 2024, worth a combined $11.1B — down 6.4% from $11.9B a quarter earlier.
Sellers outnumbered buyers: 59 funds closed out of MGA and 45 opened new positions — a net loss of 14 holders — while 118 trimmed existing stakes and 172 added.
The largest buyer was Pzena Investment Management, adding an estimated $285M. The largest seller was Fidelity International, cutting an estimated $223M.
- 400 institutional investors held Magna International (MGA) as of Q1 2024, down from 419 in Q4 2023.
- Funds reported $11.1B of Magna International stock for Q1 2024, down 6.4% quarter-over-quarter.
- 45 funds opened new Magna International positions in Q1 2024 and 59 closed out, a net change of -14 holders.
- The largest Magna International buyer in Q1 2024 was Pzena Investment Management, an estimated $285M added.
- The largest Magna International seller in Q1 2024 was Fidelity International, an estimated $223M sold.
Based on aggregated 13F filings for Q1 2024.