Magnetar Capital, headquartered in Evanston, Illinois, is a prominent hedge fund established in 2005. Specializing in a diverse array of investment strategies including fixed-income, energy, quantitative, and event-driven approaches, Magnetar Capital gained significant prominence for its involvement in the collateralized debt obligation market from 2006 to 2007.
Mr. Alec Litowitz is the Founder and Chief Executive Officer of Magnetar Capital, a leading alternative asset management firm. He also holds the position of Chairman of the firm’s Management Committee and co-heads the Investment Committee. Litowitz launched his career in finance in the Financial Institutions Group at JP Morgan in New York, after earning a Bachelor of Science in Mathematics and Anthropology from MIT, where he also made history as the first All-American squash player. He later joined Citadel Investment Group as a Principal, where he served as Global Head of Equities and was a key member of both the Management and Investment Committees. In 2005, Litowitz founded Magnetar Capital, drawing upon his extensive experience and academic background. He furthered his education with a JD and MBA from the University of Chicago, enhancing his expertise in finance and law.
Ross Laser, as Co-Founder and President of Magnetar, has played a pivotal role in the firm's journey since its inception. Leading as President and Chair of the Executive Committee, Ross has overseen comprehensive firm management, including talent acquisition and capital formation, contributing to Magnetar's growth from approximately $1 billion at launch to over $14 billion today. With nearly three decades of expertise in financial markets, Ross has excelled in investment strategy, capital formation, and derivatives trading. He has a proven track record in building and scaling institutional investment businesses. Before co-founding Magnetar, Ross served as President and Managing Partner at Glenwood Capital Investments, a fund of funds manager, where he co-headed the Management Committee and was an integral member of the Investment Committee. During his tenure at Glenwood, Ross significantly expanded the firm's global distribution capabilities and played a key role in its growth from $100 million in 1995 to $2.7 billion by 2002, culminating in its acquisition by Man Group. He also founded Marin Capital, an investment manager specializing in convertible arbitrage, which he successfully grew to manage $2.7 billion in assets. Ross earned his Bachelor of Arts in Psychology from the University of Michigan, underscoring his multidisciplinary approach to leadership in finance and investment.
Magnetar Capital manages discretionary assets totaling $22,836,346,704 as of their Form ADV dated April 2024, serving 73 clients. Their recent Q1 2024 13F filing disclosed $4,466,283,023 in managed 13F securities, with a notable concentration of 23.39% in their top 10 holdings. Novartis AG ADS stands as Magnetar Financial's largest holding, with 1,906,046 shares held.
| Fund Name: | Magnetar Capital |
| Manager | Alec Litowitz And Ross Laser |
| Portfolio Value | $1,929,868,000 |
| Change This QTR | +1.03% |
| No. | Security | Ticker | Shares | Value | Activity | % Port | History |
|---|---|---|---|---|---|---|---|
| 1. | SLRC | 4,147,850 | $99,051,000 | -9% | 5.13% | ||
| 2. | MET | 1,520,871 | $60,632,000 | NEW | 3.14% | ||
| 3. | HTZ | 1,163,047.3,333,333 | $54,535,000 | +121% | 2.82% | ||
| 4. | EP | 62,890.6,379,375 | $54,310,000 | +501% | 2.81% | ||
| 5. | B P PlcCALL | BP | 1,105,000 | $48,775,000 | +110% | 2.52% |
| Symbol | Company | Filed By | Filing Date | Filing |
|---|---|---|---|---|
| 2024-06-20 | ||||
| 2024-05-21 | ||||
| 2024-05-07 | ||||
| 2024-04-25 | ||||
| 2024-04-03 |
