Cogent Communications
CCOI
310 hedge funds and large institutions have $2.61B invested in Cogent Communications in 2023 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 113 increasing their positions, 106 reducing their positions, and 18 closing their positions.
156% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 18
156% more call options, than puts
Call options by funds: $13.3M | Put options by funds: $5.22M
10% more funds holding
Funds holding: 283 → 310 (+27)
7% more repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 106
2.23% less ownership
Funds ownership: 88.53% → 86.3% (-2.2%)
9% less capital invested
Capital invested by funds: $2.87B → $2.61B (-$260M)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Harspring Capital Management
New York
|
+$26.8M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$17.2M |
| 3 |
BRIM
Broad Run Investment Management
Arlington,
Virginia
|
+$16.7M |
| 4 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$15.8M |
| 5 |
GACM
Global Alpha Capital Management
Montreal,
Quebec, Canada
|
+$15.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$104M |
| 2 |
Natixis Advisors
Boston,
Massachusetts
|
-$30.7M |
| 3 |
NIMI
Natixis Investment Managers International
Paris,
France
|
-$17.3M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$15.5M |
| 5 |
BlackRock
New York
|
-$14.7M |
CCOI Hedge Fund Activity: Q3 2023 in Review
310 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Cogent Communications (CCOI) for Q3 2023, worth a combined $2.61B — down 9.1% from $2.87B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new CCOI positions and 18 closed out — a net gain of 28 holders — while 113 added to existing stakes and 106 trimmed.
The largest buyer was Harspring Capital Management, adding an estimated $26.8M. The largest seller was Vaughan Nelson Investment Management, cutting an estimated $104M.
- 310 institutional investors held Cogent Communications (CCOI) as of Q3 2023, up from 283 in Q2 2023.
- Funds reported $2.61B of Cogent Communications stock for Q3 2023, down 9.1% quarter-over-quarter.
- 46 funds opened new Cogent Communications positions in Q3 2023 and 18 closed out, a net change of +28 holders.
- The largest Cogent Communications buyer in Q3 2023 was Harspring Capital Management, an estimated $26.8M added.
- The largest Cogent Communications seller in Q3 2023 was Vaughan Nelson Investment Management, an estimated $104M sold.
Based on aggregated 13F filings for Q3 2023.