Magic Software Enterprises
MGIC
MGIC was delisted on the 23rd of February, 2026.
53 hedge funds and large institutions have $108M invested in Magic Software Enterprises in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 18 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
29% more call options, than puts
Call options by funds: $31K | Put options by funds: $24K
16% more capital invested
Capital invested by funds: $93M → $108M (+$14.8M)
8% more funds holding
Funds holding: 49 → 53 (+4)
5.16% more ownership
Funds ownership: 14.26% → 19.42% (+5.2%)
28% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
+$31.9M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$928K |
| 3 |
NGA
Naples Global Advisors
Naples,
Florida
|
+$486K |
| 4 |
P
Paradiem
Covington,
Louisiana
|
+$242K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$234K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$1.58M |
| 2 |
ACA
Aptus Capital Advisors
Fairhope,
Alabama
|
-$527K |
| 3 |
Millennium Management
New York
|
-$443K |
| 4 |
AS
Altshuler Shaham
Tel Aviv,
Israel
|
-$397K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$261K |
MGIC Hedge Fund Activity: Q3 2023 in Review
53 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Magic Software Enterprises (MGIC) for Q3 2023, worth a combined $108M — up 16% from $93M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new MGIC positions and 1 closed out — a net gain of 4 holders — while 13 added to existing stakes and 18 trimmed.
The largest buyer was Harel Insurance Investments & Financial Services, opening a new position worth an estimated $31.9M. The largest seller was Bank of Montreal, cutting an estimated $1.58M.
- 53 institutional investors held Magic Software Enterprises (MGIC) as of Q3 2023, up from 49 in Q2 2023.
- Funds reported $108M of Magic Software Enterprises stock for Q3 2023, up 16% quarter-over-quarter.
- 5 funds opened new Magic Software Enterprises positions in Q3 2023 and 1 closed out, a net change of +4 holders.
- The largest Magic Software Enterprises buyer in Q3 2023 was Harel Insurance Investments & Financial Services, an estimated $31.9M added.
- The largest Magic Software Enterprises seller in Q3 2023 was Bank of Montreal, an estimated $1.58M sold.
Based on aggregated 13F filings for Q3 2023.