TransAlta
98 hedge funds and large institutions have $1.5B invested in TransAlta in 2013 Q4 according to their latest regulatory filings, with 10 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)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
10% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 42
2% less funds holding
Funds holding: 100 → 98 (-2)
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)
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 |
TAC Hedge Fund Activity: Q4 2013 in Review
98 of the 3,459 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 10 opened new positions — a net loss of 1 holder — 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.
- 98 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.
- 10 funds opened new TransAlta positions in Q4 2013 and 11 closed out, a net change of -1 holder.
- 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.