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Highlights of Magnetar Capital's New Exposures in 4Q14 (Part 1 of 5) Magnetar Capital
Established in 2005 by Alec Litowitz and Ross Laser, Magnetar Capital has grown by more than five times—in terms of assets under management—since its foundation. Currently, the hedge fund manages assets in excess of $12 billion. It seeks to generate active returns through deploying its global event-driven, fixed income, and energy strategies across multiple asset classes.
Top holdings
The above table summarizes the fund’s top holdings at the end of the fourth quarter.
Magnetar’s portfolio remained highly concentrated in energy stocks. They represented over 60% of its 4Q14 US long portfolio value. Investors seeking to gain exposure to the energy sector can consider an ETF like the Energy Select SPDR Fund (XLE). XLE’s portfolio is comprised of 44 energy and utilities stock that best represent the energy sector of the S&P 500. Other alternatives to XLE include the iShares US Energy ETF (IYE) and the Vanguard Energy ETF (VDE) which attempt to effectively track the performance investable US energy stocks.
Magnetar’s new stakes in the fourth quarter
Magnetar Capital’s US long portfolio size increased 10.1% from $4.93 billion in 3Q14 to reach $5.43 billion by the end of the year. The fund undertook several new positions. The notable exposures added during the fourth quarter include Devon Energy (DVN), Applied Materials (AMAT), Restaurant Brands International (QSR), and McDonald’s (MCD).
In the next part of this series, we’ll cover the fund’s new stake in Devon Energy.
Continue to Part 2 Browse this series on Market Realist:
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Devon Energy Corporation
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CODE : DVN |
ISIN : US25179M1036 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Devon Energy is a and oil producing company based in United states of america. Devon Energy holds various exploration projects in Canada. Its main exploration property is JACKFISH OIL SANDS PROJECT in Canada. Devon Energy is listed in United States of America. Its market capitalisation is US$ 27.0 billions as of today (€ 25.3 billions). Its stock quote reached its lowest recent point on August 18, 1995 at US$ 10.00, and its highest recent level on February 22, 2008 at US$ 99.19. Devon Energy has 525 000 000 shares outstanding. |