Cogent Communications
CCOI
316 hedge funds and large institutions have $2.92B invested in Cogent Communications in 2024 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 101 increasing their positions, 120 reducing their positions, and 41 closing their positions.
15% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 41
2.84% more ownership
Funds ownership: 91.57% → 94.41% (+2.8%)
2% more funds holding
Funds holding: 311 → 316 (+5)
0% more funds holding in top 10
Funds holding in top 10: 10 → 10 (0)
14% less capital invested
Capital invested by funds: $3.39B → $2.92B (-$466M)
16% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 120
52% less call options, than puts
Call options by funds: $6.68M | Put options by funds: $13.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$64M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$54.9M |
| 3 |
NM
Newtyn Management
New York
|
+$27.4M |
| 4 |
SIG
Senator Investment Group
New York
|
+$22.1M |
| 5 |
6CM
683 Capital Management
New York
|
+$15.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$52.5M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$32.4M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$28.7M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$26M |
| 5 |
BlackRock
New York
|
-$17.5M |
CCOI Hedge Fund Activity: Q1 2024 in Review
316 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Cogent Communications (CCOI) for Q1 2024, worth a combined $2.92B — down 14% from $3.39B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new CCOI positions and 41 closed out — a net gain of 6 holders — while 101 added to existing stakes and 120 trimmed.
The largest buyer was EdgePoint Investment Group, adding an estimated $64M. The largest seller was Morgan Stanley, cutting an estimated $52.5M.
- 316 institutional investors held Cogent Communications (CCOI) as of Q1 2024, up from 311 in Q4 2023.
- Funds reported $2.92B of Cogent Communications stock for Q1 2024, down 14% quarter-over-quarter.
- 47 funds opened new Cogent Communications positions in Q1 2024 and 41 closed out, a net change of +6 holders.
- The largest Cogent Communications buyer in Q1 2024 was EdgePoint Investment Group, an estimated $64M added.
- The largest Cogent Communications seller in Q1 2024 was Morgan Stanley, an estimated $52.5M sold.
Based on aggregated 13F filings for Q1 2024.