Absolute Software Corp
ABST
ABST was delisted on the 26th of July, 2023.
100 hedge funds and large institutions have $462M invested in Absolute Software Corp in 2023 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 20 increasing their positions, 27 reducing their positions, and 19 closing their positions.
111% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 19
51% more capital invested
Capital invested by funds: $307M → $462M (+$155M)
27% more funds holding
Funds holding: 79 → 100 (+21)
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
26% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 27
60% less call options, than puts
Call options by funds: $3.49M | Put options by funds: $8.83M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$30.5M |
| 2 |
AAM
Alpine Associates Management
Palm Beach,
Florida
|
+$19M |
| 3 |
WIC
Water Island Capital
New York
|
+$17M |
| 4 |
Goldman Sachs
New York
|
+$12.9M |
| 5 |
GF
Gabelli Funds
Rye,
New York
|
+$11.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TI
Trigran Investments
Northbrook,
Illinois
|
-$34.3M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$27M |
| 3 |
LM
Lincluden Management
Mississauga,
Ontario, Canada
|
-$22.7M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$15.9M |
| 5 |
DCM
Divisar Capital Management
San Francisco,
California
|
-$15.2M |
ABST Hedge Fund Activity: Q2 2023 in Review
100 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Absolute Software Corp (ABST) for Q2 2023, worth a combined $462M — up 51% from $307M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new ABST positions and 19 closed out — a net gain of 21 holders — while 20 added to existing stakes and 27 trimmed.
The largest buyer was Glazer Capital LLC, opening a new position worth an estimated $30.5M. The largest seller was Trigran Investments, cutting an estimated $34.3M.
- 100 institutional investors held Absolute Software Corp (ABST) as of Q2 2023, up from 79 in Q1 2023.
- Funds reported $462M of Absolute Software Corp stock for Q2 2023, up 51% quarter-over-quarter.
- 40 funds opened new Absolute Software Corp positions in Q2 2023 and 19 closed out, a net change of +21 holders.
- The largest Absolute Software Corp buyer in Q2 2023 was Glazer Capital LLC, an estimated $30.5M added.
- The largest Absolute Software Corp seller in Q2 2023 was Trigran Investments, an estimated $34.3M sold.
Based on aggregated 13F filings for Q2 2023.