In 2005, Magnetar Capital was established as a multi-strategy alternative investment firm. It managed over $13.8 billion worth of assets as of May 1, 2022. There are offices in New York, London, and Beijing in addition to its Evanston, Illinois, headquarters. The managing partner of Magnetar Capital is David Snyderman. Alec Litowitz will move into the post of Senior Advisor. Co-founder Laser will continue to lead the company as President, and Litowitz will take on a senior adviser position. On June 7, the business declared that Snyderman would take on the role of managing partner. For investors, Magnetar Capital generated a net profit of $9.7 billion from its start through March 31. The portfolio of the fund includes a number of well-known stocks, including Broadcom Inc., Thermo Fisher Scientific, and Alphabet.
Insider Monkey highlights the list of top 10 stock picks of Magnetar Capital. In the first quarter of 2022, 35 of the 912 hedge funds held positions in CMC Materials, Inc., totaling $894.58 million, up from 26 funds in the corresponding quarter that held positions worth $514.08 million. The $5.2 billion acquisition of Rogers by DuPont de Nemours, Inc. has been authorized by the shareholders of Rogers Corporation. In Q1 2022, there were 24 hedge funds with holdings in Rogers Corporation, down from 28 the quarter before. With stakes worth $145 million, Magnetar Capital held the position with the most prominence. Fresh, frozen, processed, and ready-to-eat chicken are produced, processed, marketed, and distributed by Sanderson Farms, Inc., a chicken producer. The firm represented 1.57 percent of the hedge fund’s holdings. 6.49 million company shares worth $154.09 million were held by Magnetar Capital. Since Q2 2021, the stock has constantly been included in the hedge fund’s portfolio. On June 17, Welbilt, Inc. saw a 0.8 percent increase following the European Commission’s provisional approval of Ali Group’s acquisition of the company. On May 18, National Bank analyst Adam Shine upgraded Shaw Communications Inc. to Outperform from Sector Perform with a price target of C$40.50. According to Magnetar Capital’s Q1 2022 13F filings, the hedge fund had 5.16 million Shaw Communications shares valued at $160.12 million. For more details, click Top 10 Stock Picks of Alec Litowitz and Ross Laser’s Magnetar Capital.
