Cogent Communications
CCOI
136 hedge funds and large institutions have $1.7B invested in Cogent Communications in 2013 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 46 increasing their positions, 48 reducing their positions, and 14 closing their positions.
50% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 14
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
32% more capital invested
Capital invested by funds: $1.29B → $1.7B (+$410M)
5% more funds holding
Funds holding: 130 → 136 (+6)
4% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 48
12% less call options, than puts
Call options by funds: $606K | Put options by funds: $686K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$14.5M |
| 2 |
Renaissance Technologies
New York
|
+$12.7M |
| 3 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$11.9M |
| 4 |
Canada Life
Winnipeg,
Manitoba, Canada
|
+$9.91M |
| 5 |
CM
Castleark Management
Chicago,
Illinois
|
+$7.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$6.33M |
| 2 |
Jennison Associates
New York
|
-$6M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.64M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.49M |
| 5 |
D.E. Shaw & Co
New York
|
-$4.28M |
CCOI Hedge Fund Activity: Q4 2013 in Review
136 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Cogent Communications (CCOI) for Q4 2013, worth a combined $1.7B — up 32% from $1.29B a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new CCOI positions and 14 closed out — a net gain of 7 holders — while 46 added to existing stakes and 48 trimmed.
The largest buyer was Thrivent Financial for Lutherans, opening a new position worth an estimated $14.5M. The largest seller was Eagle Asset Management, cutting an estimated $6.33M.
- 136 institutional investors held Cogent Communications (CCOI) as of Q4 2013, up from 130 in Q3 2013.
- Funds reported $1.7B of Cogent Communications stock for Q4 2013, up 32% quarter-over-quarter.
- 21 funds opened new Cogent Communications positions in Q4 2013 and 14 closed out, a net change of +7 holders.
- The largest Cogent Communications buyer in Q4 2013 was Thrivent Financial for Lutherans, an estimated $14.5M added.
- The largest Cogent Communications seller in Q4 2013 was Eagle Asset Management, an estimated $6.33M sold.
Based on aggregated 13F filings for Q4 2013.