Cogent Communications
CCOI
163 hedge funds and large institutions have $1.42B invested in Cogent Communications in 2014 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 48 increasing their positions, 64 reducing their positions, and 20 closing their positions.
56% more call options, than puts
Call options by funds: $1.29M | Put options by funds: $826K
55% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 20
7% more funds holding
Funds holding: 153 → 163 (+10)
5% less capital invested
Capital invested by funds: $1.5B → $1.42B (-$79.8M)
25% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 64
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$47.1M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$26.5M |
| 3 |
NM
Nokota Management
New York
|
+$21.9M |
| 4 |
LI
LMCG Investments
Boston,
Massachusetts
|
+$14.3M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$13.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAS
Sarbit Advisory Services
Winnipeg,
Manitoba, Canada
|
-$122M |
| 2 |
FAM
Fred Alger Management
New York
|
-$25.7M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$17.2M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$14M |
| 5 |
SRFM
Shannon River Fund Management
New York
|
-$11.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DCM
176
Driehaus Capital Management
Chicago,
Illinois
| – | -$745K | -20,973 | Closed |
|
177
Tudor Investment Corp
Stamford,
Connecticut
| – | -$494K | -13,903 | Closed |
|
178
Capital Fund Management (CFM)
Paris,
France
| – | -$399K | -11,232 | Closed |
|
|
MTIP
179
Magee Thomson Investment Partners
San Diego,
California
| – | -$194K | -5,444 | Closed |
|
|
BJ
180
BlackRock Japan
Tokyo,
Japan
| – | -$33K | -916 | Closed |
|
|
SO
181
STRS Ohio
Columbus,
Ohio
| – | -$14K | -400 | Closed |
|
|
OA
182
OFI Advisors
Philadelphia,
Pennsylvania
| – | -$5K | -141 | Closed |
|
183
M&T Bank
Buffalo,
New York
| – | -$3K | -98 | Closed |
|
CCOI Hedge Fund Activity: Q2 2014 in Review
163 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Cogent Communications (CCOI) for Q2 2014, worth a combined $1.42B — down 5.3% from $1.5B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new CCOI positions and 20 closed out — a net gain of 11 holders — while 48 added to existing stakes and 64 trimmed.
The largest buyer was State of New Jersey Common Pension Fund D, opening a new position worth an estimated $47.1M. The largest seller was Sarbit Advisory Services, exiting entirely with an estimated $122M sold.
- 163 institutional investors held Cogent Communications (CCOI) as of Q2 2014, up from 153 in Q1 2014.
- Funds reported $1.42B of Cogent Communications stock for Q2 2014, down 5.3% quarter-over-quarter.
- 31 funds opened new Cogent Communications positions in Q2 2014 and 20 closed out, a net change of +11 holders.
- The largest Cogent Communications buyer in Q2 2014 was State of New Jersey Common Pension Fund D, an estimated $47.1M added.
- The largest Cogent Communications seller in Q2 2014 was Sarbit Advisory Services, an estimated $122M sold.
Based on aggregated 13F filings for Q2 2014.