Cogent Communications
CCOI
274 hedge funds and large institutions have $2.67B invested in Cogent Communications in 2023 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 109 increasing their positions, 94 reducing their positions, and 32 closing their positions.
126% more call options, than puts
Call options by funds: $3.95M | Put options by funds: $1.75M
16% more capital invested
Capital invested by funds: $2.3B → $2.67B (+$369M)
16% more repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 94
0.3% more ownership
Funds ownership: 85.84% → 86.13% (+0.3%)
4% less funds holding
Funds holding: 286 → 274 (-12)
28% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 32
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$41.2M |
| 2 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$31.4M |
| 3 |
BRIM
Broad Run Investment Management
Arlington,
Virginia
|
+$18.1M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$11.5M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
+$6.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$20.2M |
| 2 |
NIG
NFJ Investment Group
Dallas,
Texas
|
-$15.8M |
| 3 |
Man Group
London,
United Kingdom
|
-$14.6M |
| 4 |
BlackRock
New York
|
-$11.4M |
| 5 |
HAM
Harber Asset Management
Asheville,
North Carolina
|
-$11.2M |
CCOI Hedge Fund Activity: Q1 2023 in Review
274 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Cogent Communications (CCOI) for Q1 2023, worth a combined $2.67B — up 16% from $2.3B a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of CCOI and 23 opened new positions — a net loss of 9 holders — while 94 trimmed existing stakes and 109 added.
The largest buyer was Invesco, adding an estimated $41.2M. The largest seller was Citadel Advisors, cutting an estimated $20.2M.
- 274 institutional investors held Cogent Communications (CCOI) as of Q1 2023, down from 286 in Q4 2022.
- Funds reported $2.67B of Cogent Communications stock for Q1 2023, up 16% quarter-over-quarter.
- 23 funds opened new Cogent Communications positions in Q1 2023 and 32 closed out, a net change of -9 holders.
- The largest Cogent Communications buyer in Q1 2023 was Invesco, an estimated $41.2M added.
- The largest Cogent Communications seller in Q1 2023 was Citadel Advisors, an estimated $20.2M sold.
Based on aggregated 13F filings for Q1 2023.