TransAlta
119 hedge funds and large institutions have $1.52B invested in TransAlta in 2014 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 49 increasing their positions, 33 reducing their positions, and 10 closing their positions.
1,087% more call options, than puts
Call options by funds: $18.7M | Put options by funds: $1.58M
120% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 10
48% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 33
11% more funds holding
Funds holding: 107 → 119 (+12)
7% more capital invested
Capital invested by funds: $1.42B → $1.52B (+$98M)
0.2% more ownership
Funds ownership: 45.22% → 45.42% (+0.2%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$28.7M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$11.2M |
| 3 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$8.93M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$8.23M |
| 5 |
LSC
Lesa Sroufe & Co
Seattle,
Washington
|
+$7.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
-$35.8M |
| 2 |
WFC
West Face Capital
Toronto,
Ontario, Canada
|
-$35.8M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$5.36M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$4.09M |
| 5 |
Goldman Sachs
New York
|
-$3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Massachusetts Financial Services
Boston,
Massachusetts
| – | -$161K | -13,801 | Closed |
|
127
JP Morgan Chase
New York
| – | -$152K | -13,076 | Closed |
|
|
LNWWM
128
Laird Norton Wetherby Wealth Management
San Francisco,
California
| – | -$139K | -12,020 | Closed |
|
|
BKBG
129
BHF Kleinwort Benson Group
Brussels,
Belgium
| – | -$102K | -9,659 | Closed |
|
TAC Hedge Fund Activity: Q2 2014 in Review
119 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in TransAlta (TAC) for Q2 2014, worth a combined $1.52B — up 6.9% from $1.42B a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new TAC positions and 10 closed out — a net gain of 12 holders — while 49 added to existing stakes and 33 trimmed.
The largest buyer was Norges Bank, adding an estimated $28.7M. The largest seller was Letko, Brosseau & Associates, cutting an estimated $35.8M.
- 119 institutional investors held TransAlta (TAC) as of Q2 2014, up from 107 in Q1 2014.
- Funds reported $1.52B of TransAlta stock for Q2 2014, up 6.9% quarter-over-quarter.
- 22 funds opened new TransAlta positions in Q2 2014 and 10 closed out, a net change of +12 holders.
- The largest TransAlta buyer in Q2 2014 was Norges Bank, an estimated $28.7M added.
- The largest TransAlta seller in Q2 2014 was Letko, Brosseau & Associates, an estimated $35.8M sold.
Based on aggregated 13F filings for Q2 2014.