Highlights of Magnetar Capital’s 3Q14 13F

Magnetar Capital’s 3Q14 positions

Magnetar Capital initiated new positions and sold some existing positions in 3Q14. The third quarter ended in September. In this series, we’ll go through some of the main positions that the fund traded during the quarter. The fund seeks to deliver consistent, long-term, and risk-adjusted returns by investing in and across alternative asset classes.

Magnetar operates in and across three major investment strategies:

  1. Global Event-Driven
  2. Fixed Income
  3. Energy

Highlights of Magnetar Capital’s 3Q14 13F

The value of the fund’s US long portfolio increased from $4.78 billion in 2Q14 to $4.93 billion in 3Q14.

Magnetar Capital added new positions in Alibaba Group (BABA), TransCanada Corp. (TRP), and Encana Corp. (ECA). The fund’s top exits were Covidien Plc (COV), Lamar Advertising (LAMR), and Yahoo (YHOO). The fund added to its stakes in Shire Plc (SHPG), Exterran Holdings (EXH), and Teekay Corp. (TK). Its top stake decreases were in Williams Companies (WMB), Mallinckrodt Plc (MNK), and American Airlines (AAL).

To learn about Magnetar Capital’s 13F filing in the second quarter, read Must-know: Magnetar Capital’s 2Q14 positions.

The following chart lists the company’s top ten holdings.

Highlights of Magnetar Capital’s 3Q14 13F