MGIC Investment
211 hedge funds and large institutions have $2.08B invested in MGIC Investment in 2013 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 82 increasing their positions, 67 reducing their positions, and 20 closing their positions.
261% more call options, than puts
Call options by funds: $173M | Put options by funds: $48M
50% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 20
22% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 67
15% more capital invested
Capital invested by funds: $1.81B → $2.08B (+$269M)
8% more funds holding in top 10
Funds holding in top 10: 13 → 14 (+1)
3% more funds holding
Funds holding: 205 → 211 (+6)
3.62% less ownership
Funds ownership: 88.06% → 84.44% (-3.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
+$20M |
| 2 |
CANY
Caxton Associates (New York)
New York
|
+$14.2M |
| 3 |
CRAM
Claren Road Asset Management
New York
|
+$14.2M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$12.9M |
| 5 |
Morgan Stanley
New York
|
+$9.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Maverick Capital
Dallas,
Texas
|
-$35.8M |
| 2 |
PC
Perry Capital
New York
|
-$25.3M |
| 3 |
LPLP
Lansdowne Partners Limited Partnership
London,
United Kingdom
|
-$18.2M |
| 4 |
CCM
Cobalt Capital Management
Short Hills,
New Jersey
|
-$16.7M |
| 5 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$15.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
226
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$27K | -4,487 | Closed |
|
|
PIA
227
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$164 | -27 | Closed |
|
|
FWM
228
Focused Wealth Management
Newburgh,
New York
| – | +$355 | +50 | New |
|
|
GT
229
Glenmede Trust
Philadelphia,
Pennsylvania
| – | +$532 | +75 | New |
|
MTG Hedge Fund Activity: Q3 2013 in Review
211 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in MGIC Investment (MTG) for Q3 2013, worth a combined $2.08B — up 15% from $1.81B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new MTG positions and 20 closed out — a net gain of 10 holders — while 82 added to existing stakes and 67 trimmed.
The largest buyer was Fred Alger Management, opening a new position worth an estimated $20M. The largest seller was Maverick Capital, cutting an estimated $35.8M.
- 211 institutional investors held MGIC Investment (MTG) as of Q3 2013, up from 205 in Q2 2013.
- Funds reported $2.08B of MGIC Investment stock for Q3 2013, up 15% quarter-over-quarter.
- 30 funds opened new MGIC Investment positions in Q3 2013 and 20 closed out, a net change of +10 holders.
- The largest MGIC Investment buyer in Q3 2013 was Fred Alger Management, an estimated $20M added.
- The largest MGIC Investment seller in Q3 2013 was Maverick Capital, an estimated $35.8M sold.
Based on aggregated 13F filings for Q3 2013.