Cincinnati Bell Inc.
CBB
CBB was delisted on the 3rd of September, 2021.
139 hedge funds and large institutions have $700M invested in Cincinnati Bell Inc. in 2020 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 45 increasing their positions, 35 reducing their positions, and 34 closing their positions.
34% more capital invested
Capital invested by funds: $522M → $700M (+$178M)
29% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 35
5% less funds holding
Funds holding: 147 → 139 (-8)
15% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 34
75% less call options, than puts
Call options by funds: $2.63M | Put options by funds: $10.5M
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$11.2M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$10.1M |
| 3 |
IA
IndexIQ Advisors
New York
|
+$8.45M |
| 4 |
DAM
DLD Asset Management
New York
|
+$7.2M |
| 5 |
WIC
Water Island Capital
New York
|
+$6.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPAM
Legion Partners Asset Management
Los Angeles,
California
|
-$18.8M |
| 2 |
BDCM
Black Diamond Capital Management
Stamford,
Connecticut
|
-$17M |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$15.9M |
| 4 |
PMG
Private Management Group
Irvine,
California
|
-$10.8M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$7.85M |
CBB Hedge Fund Activity: Q1 2020 in Review
139 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Cincinnati Bell Inc. (CBB) for Q1 2020, worth a combined $700M — up 34% from $522M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of CBB and 29 opened new positions — a net loss of 5 holders — while 35 trimmed existing stakes and 45 added.
The largest buyer was Pentwater Capital Management, opening a new position worth an estimated $11.2M. The largest seller was Legion Partners Asset Management, exiting entirely with an estimated $18.8M sold.
- 139 institutional investors held Cincinnati Bell Inc. (CBB) as of Q1 2020, down from 147 in Q4 2019.
- Funds reported $700M of Cincinnati Bell Inc. stock for Q1 2020, up 34% quarter-over-quarter.
- 29 funds opened new Cincinnati Bell Inc. positions in Q1 2020 and 34 closed out, a net change of -5 holders.
- The largest Cincinnati Bell Inc. buyer in Q1 2020 was Pentwater Capital Management, an estimated $11.2M added.
- The largest Cincinnati Bell Inc. seller in Q1 2020 was Legion Partners Asset Management, an estimated $18.8M sold.
Based on aggregated 13F filings for Q1 2020.