Magnetar Financial LLC Q3 2022 Vs. Q4 2022: 13F Holdings Comparison

Fund managers are constantly on the lookout for profitable investment opportunities to increase the value of their portfolio. They use several strategies, including analyzing 13F filings of large investment firms to understand their investment pattern in various sectors. These filings provide insights into the holdings of a company and may influence future investment decisions for small and big investors. In this article, we will analyze the Q3 2022 vs. Q4 2022 13F Holdings Comparison of Magnetar Financial LLC, one of the largest investment firms in the world.

Magnetar Financial LLC Overview

Magnetar Financial LLC is a privately owned hedge fund sponsor and an alternative asset management firm. It was founded in 2005 and has its headquarters in Evanston, Illinois. The company provides its services to pooled investment vehicles, high net worth individuals, corporations, and other institutions. As of Q4 2022, the company managed an estimated $7.3 billion in assets.

13F Holdings

Magnetar Financial LLC’s 13F filings for Q3 2022 and Q4 2022 reveals interesting changes in the holdings of the fund. Some holdings were maintained while others were increased, decreased or completely sold off. Let's analyze the changes:

Maintained Holdings

Some of the companies Magnetar Financial LLC continued to hold from Q3 to Q4 2022 include:

- Churchill Capital Corp VII (CVII)

- VMWare Inc (VMW)

- PNM Res Inc (PNM)

- First Horizon Corporation (FHN)

- Cigna Corp New (CI)

Increased Holdings

Magnetar Financial LLC increased its stake in several companies which include:

- Encompass Health Corp (EHC)

- Aerojet Rocketdyne Holdings Inc (AJRD)

- LHC Group Inc (LHCG)

- Meridian Bioscience Inc (VIVO)

- Cigna Corp New (CI)

- Cooper Cos Inc (COO)

One notable increase is in Encompass Health Corp (EHC). The company's shares increased by 125.6% from the previous quarter. This move indicates that Magnetar Financial LLC is bullish about the future prospects of Encompass Health Corp.

Decreased Holdings

Magnetar Financial LLC also decreased its share in some companies, including:

- Boston Scientific Corp (BSX)

- iRobot Corp (IRBT)

- Nuvasive Inc (NUVA)

- Evo Pmts Inc (EVOP)

- Natera Inc (NTRA)

The most significant decrease is in Boston Scientific Corp (BSX), where Magnetar Financial LLC's shares reduced by 14.4%. This reduction could be attributed to a change in Magnetar Financial LLC's strategy or a decrease in the company's outlook.

Sold Off Holdings

Magnetar Financial LLC entirely sold off its shares in some companies, including:

- IAA Inc (IAA)

- Horizon Therapeutics Pub L (HZNP)

- GlaxoSmithKline PLC (GSK)

One notable sell-off is IAA Inc (IAA), where Magnetar Financial LLC sold all its shares. This move indicates that Magnetar Financial LLC may not be bullish about the future prospects of IAA Inc.

Conclusion

The Q3 2022 vs. Q4 2022 13F Holdings Comparison of Magnetar Financial LLC reveals that the fund managers made significant changes to their portfolio. While some holdings were maintained, others were increased, decreased, or completely sold off. These investment decisions provide insights into Magnetar Financial LLC's outlook on the future prospects of the companies in which they had invested. However, it is crucial to note that 13F filings represent a snapshot of a company's holdings and may not necessarily indicate long-term investment decisions.