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Balyasny Triples Position in Maguire Properties PDF Print E-mail
Friday, 11 December 2009 12:07
Market Folly submits:

Dmitry Balyasny's hedge fund firm Balyasny Asset Management has filed a 13G with the SEC on Maguire Properties (MPG). In the filing, we see that Balyasny has disclosed a 5.35% ownership stake in the company. This was due to activity on November 3rd and Balyasny now holds 2,564,650 shares. This is an increase because as per Balyasny's 13F filing which detailed holdings as of September 30th. At the time, the fund owned 898,172 shares.

This is interesting because fellow hedge fund Dan Loeb's Third Point LLC had owned shares of MPG in the past. However, when we covered its portfolio holdings, we saw Third Point had completely sold out of Maguire. (And, we had noted its selling back in July as well). As the saying goes, there's always two sides to a trade. Balyasny was buying shares of MPG and Dan Loeb was selling.


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