Cogent Communications
CCOI
270 hedge funds and large institutions have $2.35B invested in Cogent Communications in 2020 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 95 increasing their positions, 100 reducing their positions, and 64 closing their positions.
5% less repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 100
2.23% less ownership
Funds ownership: 85.21% → 82.97% (-2.2%)
7% less funds holding
Funds holding: 290 → 270 (-20)
24% less capital invested
Capital invested by funds: $3.11B → $2.35B (-$754M)
27% less first-time investments, than exits
New positions opened: 47 | Existing positions closed: 64
38% less call options, than puts
Call options by funds: $3.64M | Put options by funds: $5.84M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Brown Advisory
Baltimore,
Maryland
|
+$48.1M |
| 2 |
Aberdeen Group
Edinburgh,
United Kingdom
|
+$34M |
| 3 |
MC
MIG Capital
Newport Beach,
California
|
+$33.9M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$28.4M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
+$23.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$60.9M |
| 2 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$50.6M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$26.5M |
| 4 |
Renaissance Technologies
New York
|
-$25.4M |
| 5 |
Robeco Institutional Asset Management
Rotterdam,
Netherlands
|
-$22.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HIA
326
Harbor Investment Advisory
Lutherville,
Maryland
| – | -$2K | -23 | Closed |
|
327
Lazard Asset Management
New York
| – | -$1K | -19 | Closed |
|
|
EI
328
Ellevest Inc
New York
| – | -$1K | -8 | Closed |
|
|
PFWA
329
Paces Ferry Wealth Advisors
Atlanta,
Georgia
| – | +$584 | +8 | New |
|
|
FHC
330
First Horizon Corporation
Memphis,
Tennessee
| – | +$803 | +11 | New |
|
CCOI Hedge Fund Activity: Q3 2020 in Review
270 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Cogent Communications (CCOI) for Q3 2020, worth a combined $2.35B — down 24% from $3.11B a quarter earlier.
Sellers outnumbered buyers: 64 funds closed out of CCOI and 47 opened new positions — a net loss of 17 holders — while 100 trimmed existing stakes and 95 added.
The largest buyer was Brown Advisory, opening a new position worth an estimated $48.1M. The largest seller was Invesco, cutting an estimated $60.9M.
- 270 institutional investors held Cogent Communications (CCOI) as of Q3 2020, down from 290 in Q2 2020.
- Funds reported $2.35B of Cogent Communications stock for Q3 2020, down 24% quarter-over-quarter.
- 47 funds opened new Cogent Communications positions in Q3 2020 and 64 closed out, a net change of -17 holders.
- The largest Cogent Communications buyer in Q3 2020 was Brown Advisory, an estimated $48.1M added.
- The largest Cogent Communications seller in Q3 2020 was Invesco, an estimated $60.9M sold.
Based on aggregated 13F filings for Q3 2020.