Absolute Software Corp
ABST
ABST was delisted on the 26th of July, 2023.
83 hedge funds and large institutions have $350M invested in Absolute Software Corp in 2021 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 25 increasing their positions, 29 reducing their positions, and 17 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
6% less funds holding
Funds holding: 88 → 83 (-5)
14% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 29
25% less capital invested
Capital invested by funds: $470M → $350M (-$120M)
29% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 17
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $11M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Edenbrook Capital
Mt. Kisco,
New York
|
+$13.7M |
| 2 |
NAM
NewGen Asset Management
Toronto,
Ontario, Canada
|
+$10.4M |
| 3 |
Man Group
London,
United Kingdom
|
+$6.21M |
| 4 |
EMG
ETF Managers Group
Summit,
New Jersey
|
+$4.16M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$7.33M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$5.75M |
| 3 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$5.02M |
| 4 |
LLL
Lynrock Lake LP
Rye Brook,
New York
|
-$4.1M |
| 5 |
TI
Trigran Investments
Northbrook,
Illinois
|
-$3.94M |
ABST Hedge Fund Activity: Q3 2021 in Review
83 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Absolute Software Corp (ABST) for Q3 2021, worth a combined $350M — down 25% from $470M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of ABST and 12 opened new positions — a net loss of 5 holders — while 29 trimmed existing stakes and 25 added.
The largest buyer was Edenbrook Capital, adding an estimated $13.7M. The largest seller was Connor, Clark & Lunn Investment Management (CC&L), cutting an estimated $7.33M.
- 83 institutional investors held Absolute Software Corp (ABST) as of Q3 2021, down from 88 in Q2 2021.
- Funds reported $350M of Absolute Software Corp stock for Q3 2021, down 25% quarter-over-quarter.
- 12 funds opened new Absolute Software Corp positions in Q3 2021 and 17 closed out, a net change of -5 holders.
- The largest Absolute Software Corp buyer in Q3 2021 was Edenbrook Capital, an estimated $13.7M added.
- The largest Absolute Software Corp seller in Q3 2021 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $7.33M sold.
Based on aggregated 13F filings for Q3 2021.