Two months ago Nathaniel August’s hedge fund Mangrove Partners disclosed a detailed list of its transactions in Atlantic Power Corp (AT) . Between December 3rd, 2015 and January 28th, New York based hedge fund purchased 1.9 million shares of Atlantic Power Corp at prices ranging between $1.62 and $2.00. Its average price for these transactions was $1.78. These purchases brought Mangrove Partners’ activist position to 8.2 million shares.
Yesterday, the same hedge fund disclosed in another filing the purchase of another 350 thousand shares of Atlantic Power Corp at prices below $1.80 through March 2nd. These transactions brought its purchase total to 2.3 million shares at an average price of $1.77. On March 18th Mangrove Partners reversed its position and started selling shares at about $2.22. Over the next 2.5 weeks it managed to unload more than 2 million shares at an average price of $2.45.
Through opportunistic trading Mangrove Partners made 38%. Mangrove Partners had 12 stocks in its 13F portfolio that had market caps of at least $1 billion at the end of December. These stocks gained an average of 6.2% assuming that Mangrove Partners hasn’t made any changes to its portfolio. Mangrove Partners ranked 56th out of 690 hedge funds based on these numbers. You can check out its portfolio here. You can check out our list of best performing hedge funds here.
Below you can find the details of Mangrove’s recent transactions:
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|THE MANGROVE PARTNERS MASTER FUND, LTD||6,513,514||6,513,514||6,513,514||5.4%|
|THE MANGROVE PARTNERS FUND||6,513,514||6,513,514||6,513,514||5.4%|
|MANGROVE PARTNERS FUND (CAYMAN), LTD||6,513,514||6,513,514||6,513,514||5.4%|
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