TransAlta
97 hedge funds and large institutions have $1.5B invested in TransAlta in 2013 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 38 increasing their positions, 42 reducing their positions, and 11 closing their positions.
1,430% more call options, than puts
Call options by funds: $12.2M | Put options by funds: $795K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 42
3% less funds holding
Funds holding: 100 → 97 (-3)
4.79% less ownership
Funds ownership: 48.83% → 44.04% (-4.8%)
11% less capital invested
Capital invested by funds: $1.69B → $1.5B (-$188M)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$20.5M |
| 2 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$9.82M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$7.36M |
| 4 |
SC
Scotia Capital
Toronto,
Ontario, Canada
|
+$5.54M |
| 5 |
SI
Sentry Investments
Toronto,
Ontario, Canada
|
+$5.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$128M |
| 2 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
-$45.5M |
| 3 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
-$9.4M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$6.49M |
| 5 |
H
Hexavest
Montreal,
Quebec, Canada
|
-$5.26M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BC
101
Banced Corp
Edwardsville,
Illinois
| – | -$645K | -49,813 | Closed |
|
|
BFEC
102
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$619K | -47,770 | Closed |
|
103
D.E. Shaw & Co
New York
| – | -$437K | -33,649 | Closed |
|
|
SCA
104
SAC Capital Advisors
Stamford,
Connecticut
| – | -$224K | -17,229 | Closed |
|
|
PI
105
PineBridge Investments
New York
| – | -$205K | -15,327 | Closed |
|
|
LNWWM
106
Laird Norton Wetherby Wealth Management
San Francisco,
California
| – | -$170K | -13,149 | Closed |
|
|
YMRC
107
Yorktown Management & Research Company
Forest,
Virginia
| – | -$132K | -10,200 | Closed |
|
|
MWP
108
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
| – | -$65K | -5,000 | Closed |
|
TAC Hedge Fund Activity: Q4 2013 in Review
97 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in TransAlta (TAC) for Q4 2013, worth a combined $1.5B — down 11% from $1.69B a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of TAC and 9 opened new positions — a net loss of 2 holders — while 42 trimmed existing stakes and 38 added.
The largest buyer was Bank of Montreal, adding an estimated $20.5M. The largest seller was Fidelity Investments, exiting entirely with an estimated $128M sold.
- 97 institutional investors held TransAlta (TAC) as of Q4 2013, down from 100 in Q3 2013.
- Funds reported $1.5B of TransAlta stock for Q4 2013, down 11% quarter-over-quarter.
- 9 funds opened new TransAlta positions in Q4 2013 and 11 closed out, a net change of -2 holders.
- The largest TransAlta buyer in Q4 2013 was Bank of Montreal, an estimated $20.5M added.
- The largest TransAlta seller in Q4 2013 was Fidelity Investments, an estimated $128M sold.
Based on aggregated 13F filings for Q4 2013.