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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 $5.43 billion by the end of the year. The fund undertook several new positions. The notable exposures added during the fourth quarter include Devon Energy (DVN), Applied Materials (AMAT), Restaurant Brands International (QSR), and McDonald’s (MCD).
In the next part of this series, we’ll cover the fund’s new stake in Devon Energy.
Continue to Part 2 Browse this series on Market Realist:
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Devon Energy Corporation
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CODE : DVN |
ISIN : US25179M1036 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Devon Energy est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. Devon Energy détient divers projets d'exploration au Canada. Son principal projet en exploration est JACKFISH OIL SANDS PROJECT au Canada. Devon Energy est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 26,3 milliards US$ (23,1 milliards €). La valeur de son action a atteint son plus bas niveau récent le 18 août 1995 à 10,00 US$, et son plus haut niveau récent le 22 février 2008 à 99,19 US$. Devon Energy possède 525 000 000 actions en circulation. |