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Rosemead Today
By the People, for the People
Edison International Shares Sold by Magnetar Financial LLC
Institutional investor reduces stake in utility company
Mar. 12, 2026 at 10:34am
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Magnetar Financial LLC, a large institutional investor, reduced its stake in Edison International (NYSE:EIX) by 53.5% in the third quarter, according to a recent 13F filing with the SEC. The fund now owns 79,268 shares of the utilities provider's stock, down from 170,362 shares previously.
Why it matters
This filing provides insight into the investment decisions of a major institutional investor and could signal a shift in sentiment around Edison International's stock. Institutional investors like Magnetar often have significant influence on a company's share price and trading volume.
The details
According to the 13F filing, Magnetar Financial sold 91,094 shares of Edison International during the third quarter. The fund now holds 79,268 shares of the utility company's stock, valued at $4.38 million at the end of the reporting period.
- The 13F filing covers Magnetar Financial's holdings as of the end of the third quarter of 2026.
The players
Magnetar Financial LLC
A large institutional investment firm that manages a variety of hedge funds and other investment products.
Edison International
A publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE).
The takeaway
This filing suggests that Magnetar Financial has reduced its exposure to Edison International, potentially signaling a shift in investor sentiment around the utility company. However, it's important to note that a single institutional investor's trading activity does not necessarily reflect broader market trends or the long-term outlook for the company.
