TransAlta
100 hedge funds and large institutions have $1.69B invested in TransAlta in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 48 increasing their positions, 31 reducing their positions, and 9 closing their positions.
259% more call options, than puts
Call options by funds: $10.9M | Put options by funds: $3.05M
55% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 31
1.25% more ownership
Funds ownership: 47.58% → 48.83% (+1.2%)
2% less capital invested
Capital invested by funds: $1.71B → $1.69B (-$27.2M)
3% less funds holding
Funds holding: 103 → 100 (-3)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$65.2M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$24.1M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$14.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$6.17M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WFC
West Face Capital
Toronto,
Ontario, Canada
|
-$51.6M |
| 2 |
SI
Sentry Investments
Toronto,
Ontario, Canada
|
-$6.47M |
| 3 |
NEI
Northwest & Ethical Investments
Toronto,
Ontario, Canada
|
-$6.08M |
| 4 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
-$4.68M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$4.17M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WFC
101
West Face Capital
Toronto,
Ontario, Canada
| – | -$51.6M | -3,763,600 | Closed |
|
|
SI
102
Sentry Investments
Toronto,
Ontario, Canada
| – | -$6.47M | -449,327 | Closed |
|
|
NEI
103
Northwest & Ethical Investments
Toronto,
Ontario, Canada
| – | -$6.08M | -443,296 | Closed |
|
|
CA
104
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
| – | -$311K | -22,672 | Closed |
|
|
OAM
105
Oxford Asset Management
Oxford,
United Kingdom
| – | -$303K | -22,107 | Closed |
|
106
Wellington Management Group
Boston,
Massachusetts
| – | -$160K | -11,745 | Closed |
|
|
ARTA
107
A.R.T. Advisors
New York
| – | -$147K | -10,721 | Closed |
|
|
PSI
108
Pinnacle Summer Investments
Fairfax,
Virginia
| – | -$96K | -7,000 | Closed |
|
|
EFSCE
109
Enterprise Financial Services Corp (EFSC)
Clayton,
Missouri
| – | -$5K | -394 | Closed |
|
TAC Hedge Fund Activity: Q3 2013 in Review
100 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in TransAlta (TAC) for Q3 2013, worth a combined $1.69B — down 1.6% from $1.71B a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of TAC and 7 opened new positions — a net loss of 2 holders — while 31 trimmed existing stakes and 48 added.
The largest buyer was Fidelity Investments, adding an estimated $65.2M. The largest seller was West Face Capital, exiting entirely with an estimated $51.6M sold.
- 100 institutional investors held TransAlta (TAC) as of Q3 2013, down from 103 in Q2 2013.
- Funds reported $1.69B of TransAlta stock for Q3 2013, down 1.6% quarter-over-quarter.
- 7 funds opened new TransAlta positions in Q3 2013 and 9 closed out, a net change of -2 holders.
- The largest TransAlta buyer in Q3 2013 was Fidelity Investments, an estimated $65.2M added.
- The largest TransAlta seller in Q3 2013 was West Face Capital, an estimated $51.6M sold.
Based on aggregated 13F filings for Q3 2013.