George Soros’s Soros Fund Management Llc New Position in MaxLinear, Inc. (NYSE:MXL)
Soros Fund Management Llc has filled a SC 13G form regarding Maxlinear Inc 11.28 +0.57 5.32%
MaxLinear, Inc. (NYSE:MXL) is a newly disclosed equity position for the hedge fund and the filing was required due to activity on May 26, 2015. This most probably shows George Soros’s Soros Fund Management Llc’s confidence and optimism in the future of the company.
The hedge fund has been active in the Finance sector recently. In the fund’s latest 13F, it revealed several positions. This sector is 23% of George Soros’s Soros Fund Management Llc’s US equities portfolio.
Maxlinear Inc Hedge Funds Ownership
Latest SEC filings show 105 hedge funds and institutional investors own Maxlinear Inc. The institutional ownership of the company in Q1 2015 is high, at 86.04% of the shares outstanding. They increased by 2674839 the total shares they hold. As of that quarter these institutional investors owned 26982596 shares. A total of 25 funds opened new positions in Maxlinear Inc and 34 increased their holdings. There were 17 funds that closed their positions and 31 that reduced them.
Argent Capital Management Llc is the most positive institutional investor on Maxlinear Inc, with ownership of 169375 shares as of Q1 2015 for 0.06% of the fund’s portfolio. J. Carlo Cannell Cannell Capital Llc is another positive player owning 126921 shares of the company or 0.32% of their stocks portfolio. MD Croft-Leominster Inc have 0.06% of their stock portfolio invested in the stock for 41700. Further, Rmb Capital Management Llc disclosed it had purchased a stake worth 0.18% of the fund’s stock portfolio in the company. The NY Brightfield Capital Management Llc was also a notable investor in the firm, owning 300000 shares. Maxlinear Inc is 2.64% of the fund’s stock portfolio.Company Profile
MaxLinear, Inc. is a provider of integrated, radio-frequency (RF) and mixed-signal integrated circuits for broadband communications and data center, metro, and long-haul transport network applications. The Company offers semiconductor products, such as RF Receivers, RF Receiver systems-on-chip (SoCs), Laser Modulator Drivers, Transimpedance Amplifiers, and Clock and Data Recovery Circuits. The Company’s products receive and process RF and digital signals and enable the display of broadband video and data content in a range of electronic devices, including cable and terrestrial and satellite set top boxes, data over cable service interface specification (DOCSIS) data and voice gateways, hybrid analog and digital televisions, satellite low-noise blocker transponders or outdoor units, and optical modules for data center, metro, and long-haul transport network applications.
Form 13G is used when the filer owns between 5% and 20% of the company and plans to hold it only as a passive investor. If the filler intend to exert control and if the stake’s size exceeds 20%, then a 13D must be filed. Therefore, activist investors and practices such as: hostile takeovers, company breakups, and other “change of control” events, are not permitted by 13G filers.
Read more: http://www.octafinance.com/george-soross-soros-fund-management-llc-just-bought-maxlinear-inc-stake/72664/#ixzz3cTfLPXZE
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