Magnite Stock Tanked 25% Last Quarter, but This Fund Still Bought Up $3 Million More in Shares

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Jonathan Ponciano, The Motley Fool

Wed, March 4, 2026 astatine 10:39 AM CST 4 min read

On February 17, 2026, Grizzlyrock Capital disclosed successful a caller SEC filing that it accrued its presumption successful Magnite (NASDAQ:MGNI) by 181,000 shares, with the estimated transaction worth astatine $3.00 cardinal based connected quarterly mean pricing.

According to a recent SEC filing, Grizzlyrock Capital added 181,000 shares of Magnite during the 4th fourth of 2025. The estimated transaction value, based connected mean closing prices for the quarter, was $3.00 million. The quarter-end worth of the presumption accrued by $768,101, a fig that includes some the interaction of further shares and immoderate alteration successful banal price. The money reported holding 571,906 shares astatine year-end.

The presumption represents 6.95% of Grizzlyrock Capital’s 13F reportable assets nether absorption arsenic of December 31, 2025.
Top holdings aft the filing:
- NASDAQ: GSM: $18.91 cardinal (14.2% of AUM)
- NYSE: GEL: $9.83 cardinal (7.4% of AUM)
- NASDAQ: EEFT: $9.61 cardinal (7.2% of AUM)
- NASDAQ: MGNI: $9.28 cardinal (6.9% of AUM)
- NYSE: AMN: $8.76 cardinal (6.6% of AUM)
As of February 17, 2026, MGNI shares were priced astatine $11.57, down 40.33% implicit the past twelvemonth and underperforming the S&P 500 by 54.07 percent points.

Metric

Value

Price (as of marketplace adjacent 2026-02-17)	$11.57
Market Capitalization	$1.66 billion
Revenue (TTM)	$702.57 million
Net Income (TTM)	$57.97 million

Magnite provides a sell-side advertizing level that enables publishers to negociate and monetize integer advertizing inventory crossed connected TV (CTV), websites, and integer media properties.
The institution generates gross chiefly by facilitating programmatic advertisement transactions, charging fees to publishers and buyers for entree to its exertion and marketplace solutions.
Main customers see integer publishers, CTV transmission owners, advertisers, agencies, and demand-side platforms seeking to optimize integer advertizing walk and inventory yield.

Magnite, Inc. is simply a starring autarkic sell-side advertizing level specializing successful integer and connected TV inventory monetization. The institution leverages a robust exertion stack to link integer publishers with advertisers, providing standard and ratio successful programmatic advertisement transactions. With a absorption connected innovation and a diversified lawsuit base, Magnite positions itself arsenic a cardinal enabler successful the evolving integer advertizing ecosystem.

This determination shows condemnation erstwhile sentiment is washed out. Magnite shares fell 25% past 4th and were down much than 40% for the twelvemonth arsenic of mid-February, severely trailing the S&P 500. Adding during that benignant of drawdown is not a momentum trade. Instead, it seems similar a presumption that fundamentals are inflecting faster than the banal terms suggests.

The latest results enactment that argument. Fourth 4th gross roseate 6% to $205 million, portion Contribution ex TAC (gross nett positive outgo of revenue, excluding postulation acquisition cost) accrued 8% and 16%, excluding governmental spend. CTV was the standout, with Contribution ex TAC up 20% twelvemonth implicit twelvemonth and present representing 45% of the afloat twelvemonth total. Management besides authorized a caller $200 cardinal stock repurchase programme and expects astatine slightest 11% Contribution ex TAC maturation successful 2026.

Within a portfolio that already leans into cyclical and peculiar concern names, this astir 7% presumption is simply a meaningful stake connected integer advertisement betterment and CTV stock gains. Ultimately, if CTV keeps compounding and margins enactment supra 35%, arsenic expected, today’s depressed aggregate whitethorn not last.

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