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Madison Square Garden

170 hedge funds and large institutions have $3.92B invested in Madison Square Garden in 2014 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 55 increasing their positions, 73 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,030% more call options, than puts

Call options by funds: $104M | Put options by funds: $9.19M

75% more funds holding in top 10

Funds holding in top 10: 47 (+3)

3% more capital invested

Capital invested by funds: $3.82B → $3.92B (+$101M)

6% less funds holding

Funds holding: 180170 (-10)

25% less repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 73

42% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 24

Holders
170
Holders Change
-10
Holders Change %
-5.56%
% of All Funds
4.93%
Holding in Top 10
7
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+75%
% of All Funds
0.2%
New
14
Increased
55
Reduced
73
Closed
24
Calls
$104M
Puts
$9.19M
Net Calls
+$94.7M
Net Calls Change
-$436K
Name Holding Trade Value Shares
Change
Change in
Stake
JCMLC
1
JAT Capital Management LP (Connecticut)
Connecticut
$394M +$273M +6,046,477 +263%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$380M -$14M -309,797 -4%
MCM
3
Mason Capital Management
New York
$342M +$327M +7,261,836 New
ClearBridge Investments
4
ClearBridge Investments
New York
$261M +$2.2M +48,738 +0.9%
Vanguard Group
5
Vanguard Group
Pennsylvania
$236M -$661K -14,660 -0.3%
LCG
6
Luxor Capital Group
New York
$212M -$105M -2,338,914 -34%
GI
7
GAMCO Investors
Connecticut
$194M -$1.08M -23,915 -0.6%
Lazard Asset Management
8
Lazard Asset Management
New York
$165M +$43.7M +970,323 +38%
AI
9
Ariel Investments
Illinois
$124M -$8.4M -186,387 -7%
EC
10
Eminence Capital
New York
$121M -$985K -21,843 -0.8%
T. Rowe Price Associates
11
T. Rowe Price Associates
Maryland
$113M -$132M -2,935,267 -55%
GF
12
Gabelli Funds
New York
$107M +$291K +6,449 +0.3%
BIT
13
BlackRock Institutional Trust
California
$100M -$6.1M -135,370 -6%
BAMCO Inc
14
BAMCO Inc
New York
$82.7M
CRAM
15
Claren Road Asset Management
New York
$57.9M +$7.9M +175,250 +17%
VM
16
Valinor Management
New York
$57.5M -$21.7M -481,146 -28%
State Street
17
State Street
Massachusetts
$46.7M -$50.6M -1,123,027 -53%
BAM
18
Burgundy Asset Management
Ontario, Canada
$45.1M -$1.13M -25,165 -3%
Morgan Stanley
19
Morgan Stanley
New York
$39.7M -$178M -3,959,281 -82%
First Eagle Investment Management
20
First Eagle Investment Management
New York
$38.6M -$40.6M -901,668 -52%
Dimensional Fund Advisors
21
Dimensional Fund Advisors
Texas
$38.4M -$559K -12,407 -2%
PA
22
Pinnacle Associates
New York
$36.6M -$1.35M -29,868 -4%
Norges Bank
23
Norges Bank
Norway
$31.9M -$30.5M -676,010 -50%
Two Sigma Investments
24
Two Sigma Investments
New York
$31.8M +$10.7M +237,382 +54%
BFA
25
BlackRock Fund Advisors
California
$30.9M +$532K +11,795 +2%

MSGS Hedge Fund Activity: Q3 2014 in Review

170 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Madison Square Garden (MSGS) for Q3 2014, worth a combined $3.92B — up 2.7% from $3.82B a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of MSGS and 14 opened new positions — a net loss of 10 holders — while 73 trimmed existing stakes and 55 added.

The largest buyer was Mason Capital Management, opening a new position worth an estimated $327M. The largest seller was Morgan Stanley, cutting an estimated $178M.

  • 170 institutional investors held Madison Square Garden (MSGS) as of Q3 2014, down from 180 in Q2 2014.
  • Funds reported $3.92B of Madison Square Garden stock for Q3 2014, up 2.7% quarter-over-quarter.
  • 14 funds opened new Madison Square Garden positions in Q3 2014 and 24 closed out, a net change of -10 holders.
  • The largest Madison Square Garden buyer in Q3 2014 was Mason Capital Management, an estimated $327M added.
  • The largest Madison Square Garden seller in Q3 2014 was Morgan Stanley, an estimated $178M sold.

Based on aggregated 13F filings for Q3 2014.