Magna International
MGA
292 hedge funds and large institutions have $11.6B invested in Magna International in 2013 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 107 increasing their positions, 124 reducing their positions, and 15 closing their positions.
133% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 15
14% more capital invested
Capital invested by funds: $10.2B → $11.6B (+$1.42B)
6% more funds holding
Funds holding: 275 → 292 (+17)
5.32% less ownership
Funds ownership: 125.74% → 120.42% (-5.3%)
14% less funds holding in top 10
Funds holding in top 10: 22 → 19 (-3)
14% less repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 124
19% less call options, than puts
Call options by funds: $26.3M | Put options by funds: $32.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$198M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$52.6M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$50.4M |
| 4 |
Goldman Sachs
New York
|
+$40.2M |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
+$39.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$126M |
| 2 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$122M |
| 3 |
SI
Sentry Investments
Toronto,
Ontario, Canada
|
-$88M |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$80.3M |
| 5 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$64.3M |
MGA Hedge Fund Activity: Q3 2013 in Review
292 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Magna International (MGA) for Q3 2013, worth a combined $11.6B — up 14% from $10.2B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new MGA positions and 15 closed out — a net gain of 20 holders — while 107 added to existing stakes and 124 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $198M. The largest seller was Citigroup, cutting an estimated $126M.
- 292 institutional investors held Magna International (MGA) as of Q3 2013, up from 275 in Q2 2013.
- Funds reported $11.6B of Magna International stock for Q3 2013, up 14% quarter-over-quarter.
- 35 funds opened new Magna International positions in Q3 2013 and 15 closed out, a net change of +20 holders.
- The largest Magna International buyer in Q3 2013 was Bank of Montreal, an estimated $198M added.
- The largest Magna International seller in Q3 2013 was Citigroup, an estimated $126M sold.
Based on aggregated 13F filings for Q3 2013.