Magnite
MGNI
214 hedge funds and large institutions have $781M invested in Magnite in 2023 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 68 increasing their positions, 66 reducing their positions, and 39 closing their positions.
3% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 66
0.53% more ownership
Funds ownership: 75.03% → 75.56% (+0.53%)
4% less funds holding
Funds holding: 224 → 214 (-10)
10% less call options, than puts
Call options by funds: $20M | Put options by funds: $22.3M
13% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 39
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
44% less capital invested
Capital invested by funds: $1.39B → $781M (-$606M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NTCM
Nine Ten Capital Management
Chicago,
Illinois
|
+$42.4M |
| 2 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$25.4M |
| 3 |
RCMNY
Rubric Capital Management (New York)
New York
|
+$19.3M |
| 4 |
Parallax Volatility Advisers
San Francisco,
California
|
+$10.1M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$8.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$31.5M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$13M |
| 3 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$11.7M |
| 4 |
GIPM
G2 Investment Partners Management
New York
|
-$10.3M |
| 5 |
CC
Cannell Capital
Alta,
Wyoming
|
-$8.82M |
MGNI Hedge Fund Activity: Q3 2023 in Review
214 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Magnite (MGNI) for Q3 2023, worth a combined $781M — down 44% from $1.39B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of MGNI and 34 opened new positions — a net loss of 5 holders — while 66 trimmed existing stakes and 68 added.
The largest buyer was Nine Ten Capital Management, opening a new position worth an estimated $42.4M. The largest seller was Fidelity Investments, cutting an estimated $31.5M.
- 214 institutional investors held Magnite (MGNI) as of Q3 2023, down from 224 in Q2 2023.
- Funds reported $781M of Magnite stock for Q3 2023, down 44% quarter-over-quarter.
- 34 funds opened new Magnite positions in Q3 2023 and 39 closed out, a net change of -5 holders.
- The largest Magnite buyer in Q3 2023 was Nine Ten Capital Management, an estimated $42.4M added.
- The largest Magnite seller in Q3 2023 was Fidelity Investments, an estimated $31.5M sold.
Based on aggregated 13F filings for Q3 2023.