TransAlta
112 hedge funds and large institutions have $686M invested in TransAlta in 2015 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 46 increasing their positions, 34 reducing their positions, and 13 closing their positions.
4,389% more call options, than puts
Call options by funds: $12.2M | Put options by funds: $271K
35% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 34
23% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 13
4.93% more ownership
Funds ownership: 47.27% → 52.19% (+4.9%)
2% more funds holding
Funds holding: 110 → 112 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
33% less capital invested
Capital invested by funds: $1.03B → $686M (-$342M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LM
Luminus Management
Houston,
Texas
|
+$78.5M |
| 2 |
SRAIM
Scheer Rowlett & Associates Investment Management
Toronto,
Ontario, Canada
|
+$12.2M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$11.6M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$10.1M |
| 5 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
+$8.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$24.8M |
| 2 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$19M |
| 3 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$9.9M |
| 4 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
-$7.91M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$5.88M |
TAC Hedge Fund Activity: Q3 2015 in Review
112 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in TransAlta (TAC) for Q3 2015, worth a combined $686M — down 33% from $1.03B a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new TAC positions and 13 closed out — a net gain of 3 holders — while 46 added to existing stakes and 34 trimmed.
The largest buyer was Luminus Management, adding an estimated $78.5M. The largest seller was Bank of Montreal, cutting an estimated $24.8M.
- 112 institutional investors held TransAlta (TAC) as of Q3 2015, up from 110 in Q2 2015.
- Funds reported $686M of TransAlta stock for Q3 2015, down 33% quarter-over-quarter.
- 16 funds opened new TransAlta positions in Q3 2015 and 13 closed out, a net change of +3 holders.
- The largest TransAlta buyer in Q3 2015 was Luminus Management, an estimated $78.5M added.
- The largest TransAlta seller in Q3 2015 was Bank of Montreal, an estimated $24.8M sold.
Based on aggregated 13F filings for Q3 2015.