TransAlta
87 hedge funds and large institutions have $938M invested in TransAlta in 2017 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 30 reducing their positions, and 17 closing their positions.
199% more call options, than puts
Call options by funds: $7.96M | Put options by funds: $2.66M
14% more capital invested
Capital invested by funds: $826M → $938M (+$112M)
1.94% more ownership
Funds ownership: 48.77% → 50.71% (+1.9%)
4% less funds holding
Funds holding: 91 → 87 (-4)
20% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 30
24% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$26.7M |
| 2 |
Goldman Sachs
New York
|
+$17.6M |
| 3 |
SRAIM
Scheer Rowlett & Associates Investment Management
Toronto,
Ontario, Canada
|
+$6.44M |
| 4 |
SI
Sentry Investments
Toronto,
Ontario, Canada
|
+$6.03M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$5.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$13M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$11.5M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$7.28M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$3.7M |
| 5 |
VOAM
Vertex One Asset Management
Vancouver,
British Columbia, Canada
|
-$2.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Envestnet Asset Management
Chicago,
Illinois
| – | -$11K | -1,903 | Closed |
|
|
DADC
102
D.A. Davidson & Co
Great Falls,
Montana
| – | -$4K | -819 | Closed |
|
|
FMA
103
FNY Managed Accounts
New York
| – | -$4K | -700 | Closed |
|
TAC Hedge Fund Activity: Q2 2017 in Review
87 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in TransAlta (TAC) for Q2 2017, worth a combined $938M — up 14% from $826M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of TAC and 13 opened new positions — a net loss of 4 holders — while 30 trimmed existing stakes and 24 added.
The largest buyer was CIBC Asset Management, adding an estimated $26.7M. The largest seller was Royal Bank of Canada, cutting an estimated $13M.
- 87 institutional investors held TransAlta (TAC) as of Q2 2017, down from 91 in Q1 2017.
- Funds reported $938M of TransAlta stock for Q2 2017, up 14% quarter-over-quarter.
- 13 funds opened new TransAlta positions in Q2 2017 and 17 closed out, a net change of -4 holders.
- The largest TransAlta buyer in Q2 2017 was CIBC Asset Management, an estimated $26.7M added.
- The largest TransAlta seller in Q2 2017 was Royal Bank of Canada, an estimated $13M sold.
Based on aggregated 13F filings for Q2 2017.