Glenn W. Welling‘s Engaged Capital has filed a 13D with the US Securities and Exchange Commission, reporting its position in Magnachip Semiconductor Corp (NYSE:MX). The investor revealed that it currently owns 3.85 million shares of the company, which represent 11.1% of the company’s outstanding stock. Previously, the fund reported holding 3.45 million shares of Magnachip, as of the end of December.
It should be pointed out that Magnachip Semiconductor Corp (NYSE:MX) has experienced a decrease in activity from the world’s largest hedge funds lately. At the end of 2015, a total of 14 of the hedge funds tracked by Insider Monkey held long positions in this stock, down by 33% from the previous quarter. Among these funds, Marc Lasry’s Avenue Capital has the biggest position in Magnachip Semiconductor Corp (NYSE:MX), worth close to $21.6 million. Other funds bullish on Magnachip are Jonathan Lennon’s Pleasant Lake Partners, Thomas Ellis and Todd Hammer’s North Run Capital and Don Morgan’s Brigade Capital.
On the other hand, Charles Davidson’s Wexford Capital cut the biggest investment of the “upper crust” of funds tracked by Insider Monkey, comprising about $9.9 million in stock, while Stephen V. Raneri’s fund, LionEye Capital Management, also sold off its stock, about $8 million worth.
You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Engaged Capital Master Feeder I | 1,017,209 | 1,017,209 | 1,017,209 | 2.9% | ||
| Engaged Capital Master Feeder II | 2,435,765 | 2,435,765 | 2,435,765 | 7.0% | ||
| Engaged Capital I | 1,017,209 | 1,017,209 | 1,017,209 | 2.9% | ||
| Engaged Capital I Offshore, Ltd | 1,017,209 | 1,017,209 | 1,017,209 | 2.9% | ||
| Engaged Capital II | 2,435,765 | 2,435,765 | 2,435,765 | 7.0% | ||
| Engaged Capital II Offshore Ltd | 2,435,765 | 2,435,765 | 2,435,765 | 7.0% | ||
| Engaged Capital | 3,852,974 | 3,852,974 | 3,852,974 | 11.1% | ||
| Engaged Capital Holdings | 3,852,974 | 3,852,974 | 3,852,974 | 11.1% | ||
| Glenn W. Welling | 3,852,974 | 3,852,974 | 3,852,974 | 11.1% |
Page 1 of 15 SEC Filing
(Name, Address and Telephone Number of Person
