MAGNETAR FINANCIAL LLC
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EVANSTON IL
Investment Advisor
Hedge Fund
Activist Investor
Magnetar Financial is based out of Evanston. Magnetar Financial is a hedge fund with 73 clients and discretionary assets under management (AUM) of $22,836,346,704 (Form ADV from 2025-01-23). Their last reported 13F filing for Q4 2024 included $4,355,582,261 in managed 13F securities
and a top 10 holdings concentration of 21.38%. Magnetar Financial's largest holding is Sanofi SA with shares held of 3,340,317. Whalewisdom has at least 210 13F filings, 158 13D filings, 365 13G filings, and 17 Form 4 filings
Business Description
The advisory business covers a range of topics, including fees and compensation, performance-based fees, side-by-side management, types of clients, methods of analysis, investment strategies, and risk of loss. It also addresses disciplinary information, other financial industry activities and affiliations, code of ethics, participation or interest in client transactions and personal trading, brokerage practices, review of accounts, client referrals and other compensation, custody, investment discretion, voting client securities, and financial information.
The advisory business utilizes various resources in its investment management process, including financial and trade publications, statistical and pricing services, discussions with research personnel and consultants, and software, databases, and other technological and technical services.
Investment Strategy
Magnetar employs a variety of investment strategies across different sectors, including alternative credit and fixed income, healthcare, and systematic investing. One example is Convertible-Securities Arbitrage, where they buy a convertible security and sell short the underlying stock or related debt instruments, aiming to profit from price discrepancies.
In the healthcare sector, Magnetar utilizes a long/short approach, focusing on liquid healthcare-related equity securities. They employ a fundamental analysis and seek diversification across market themes, sub-sectors, and companies. Investments are typically made with a 12-18 month view, targeting mid and large-cap companies with low correlation to the S&P 500. The Healthcare strategy aims for a market-neutral approach, targeting a beta-adjusted net exposure of +/- 10%.
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2024-12-31
Top Buys (13F)
Name | % Change |
---|---|
SUM Summit Materials Inc | 1.82% |
SNY Sanofi SA | 1.66% |
BERY Berry Global Group I | 1.65% |
REGN Regeneron Pharmaceut | 1.61% |
IPG Interpublic Group Of | 1.55% |

2024-12-31
Top Sells (13F)
Name | % Change |
---|---|
SRCL Stericycle Inc | 1.94% |
SWN Southwestern Energy | 1.91% |
GMED Globus Medical Inc | 1.81% |
AXNX Axonics Inc | 1.79% |
JNJ Johnson & Johnson | 1.69% |

2024-12-31
13F Holdings Summary
Name | $ Change |
---|---|
SNY Sanofi SA | 3.7% |
ELAN Elanco Animal Health | 3.35% |
JNPR Juniper Networks Inc | 1.86% |
DFS Discover Financial S | 1.84% |
BDX Becton Dickinson & C | 1.82% |

2024-12-31
13F Activity
Market Value | $4.36b, Prior: $4.62b |
Inflows (Outflows) as % of Total MV | (-3.2855)% |
New Purchases | 332 stocks |
Added To | 122 stocks |
Sold out of | 250 stocks |
Reduced holdings in | 106 stocks |
Top 10 Holdings % | 21.38% |
Turnover %[1] | 69.37% |
Turnover Alt %[2] | 43.11% |
Time Held Top 20 | 1 quarters |
Time Held Top 10 | 0.8 quarters |
Time Held All | 1.95 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2024-12-31
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data

2024-12-31
Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31