Magna International
392 hedge funds and large institutions have $8.61B invested in Magna International in 2024 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 153 increasing their positions, 126 reducing their positions, and 54 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 153 | Existing positions reduced: 126
0% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 54
0.21% less ownership
Funds ownership: 68.89% → 68.68% (-0.21%)
2% less funds holding
Funds holding: 401 → 392 (-9)
14% less call options, than puts
Call options by funds: $54.9M | Put options by funds: $63.6M
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
23% less capital invested
Capital invested by funds: $11.1B → $8.61B (-$2.52B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pzena Investment Management
New York
|
+$136M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$102M |
| 3 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
+$58.2M |
| 4 |
Charles Schwab
San Francisco,
California
|
+$54.6M |
| 5 |
AACR
ACR Alpine Capital Research
St. Louis,
Missouri
|
+$52.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$361M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$101M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
-$101M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$52.4M |
| 5 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$43.2M |
MGA Hedge Fund Activity: Q2 2024 in Review
392 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Magna International (MGA) for Q2 2024, worth a combined $8.61B — down 23% from $11.1B a quarter earlier.
Fund positioning in MGA was balanced in Q2 2024: 54 funds opened new positions, 54 closed out, 153 added to existing stakes and 126 trimmed.
The largest buyer was Pzena Investment Management, adding an estimated $136M. The largest seller was Bank of America, cutting an estimated $361M.
- 392 institutional investors held Magna International (MGA) as of Q2 2024, down from 401 in Q1 2024.
- Funds reported $8.61B of Magna International stock for Q2 2024, down 23% quarter-over-quarter.
- 54 funds opened new Magna International positions in Q2 2024 and 54 closed out, a net change of 0 holders.
- The largest Magna International buyer in Q2 2024 was Pzena Investment Management, an estimated $136M added.
- The largest Magna International seller in Q2 2024 was Bank of America, an estimated $361M sold.
Based on aggregated 13F filings for Q2 2024.