Magna International
MGA
425 hedge funds and large institutions have $10.7B invested in Magna International in 2018 Q3 according to their latest regulatory filings, with 44 funds opening new positions, 122 increasing their positions, 193 reducing their positions, and 67 closing their positions.
0.68% more ownership
Funds ownership: 58.72% → 59.4% (+0.68%)
6% less funds holding
Funds holding: 451 → 425 (-26)
12% less capital invested
Capital invested by funds: $12.1B → $10.7B (-$1.48B)
31% less call options, than puts
Call options by funds: $27.7M | Put options by funds: $40.1M
34% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 67
37% less repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 193
40% less funds holding in top 10
Funds holding in top 10: 10 → 6 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$97.6M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$90.6M |
| 3 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
+$61.9M |
| 4 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$57.3M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$54.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$211M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
-$117M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$84M |
| 4 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$75.8M |
| 5 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
-$51M |
MGA Hedge Fund Activity: Q3 2018 in Review
425 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Magna International (MGA) for Q3 2018, worth a combined $10.7B — down 12% from $12.1B a quarter earlier.
Sellers outnumbered buyers: 67 funds closed out of MGA and 44 opened new positions — a net loss of 23 holders — while 193 trimmed existing stakes and 122 added.
The largest buyer was JP Morgan Chase, adding an estimated $97.6M. The largest seller was Wellington Management Group, cutting an estimated $211M.
- 425 institutional investors held Magna International (MGA) as of Q3 2018, down from 451 in Q2 2018.
- Funds reported $10.7B of Magna International stock for Q3 2018, down 12% quarter-over-quarter.
- 44 funds opened new Magna International positions in Q3 2018 and 67 closed out, a net change of -23 holders.
- The largest Magna International buyer in Q3 2018 was JP Morgan Chase, an estimated $97.6M added.
- The largest Magna International seller in Q3 2018 was Wellington Management Group, an estimated $211M sold.
Based on aggregated 13F filings for Q3 2018.