Cogent Communications
CCOI
151 hedge funds and large institutions have $1.23B invested in Cogent Communications in 2015 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 59 increasing their positions, 48 reducing their positions, and 30 closing their positions.
66% more call options, than puts
Call options by funds: $11.3M | Put options by funds: $6.81M
23% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 48
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
3% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 30
2% less funds holding
Funds holding: 154 → 151 (-3)
18% less capital invested
Capital invested by funds: $1.5B → $1.23B (-$270M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$22M |
| 2 |
BI
BlueSpruce Investments
Chicago,
Illinois
|
+$20.6M |
| 3 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$15.3M |
| 4 |
CI
Cambiar Investors
Denver,
Colorado
|
+$15.3M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
+$14.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Foxhaven Asset Management
Charlottesville,
Virginia
|
-$31.7M |
| 2 |
RIM
RS Investment Management
San Francisco,
California
|
-$31.5M |
| 3 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$28.8M |
| 4 |
WHRC
W.H. Reaves & Co
Jersey City,
New Jersey
|
-$21.7M |
| 5 |
TCM
Tekne Capital Management
New York
|
-$16.3M |
CCOI Hedge Fund Activity: Q3 2015 in Review
151 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Cogent Communications (CCOI) for Q3 2015, worth a combined $1.23B — down 18% from $1.5B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of CCOI and 29 opened new positions — a net loss of 1 holder — while 48 trimmed existing stakes and 59 added.
The largest buyer was D.E. Shaw & Co, adding an estimated $22M. The largest seller was Foxhaven Asset Management, exiting entirely with an estimated $31.7M sold.
- 151 institutional investors held Cogent Communications (CCOI) as of Q3 2015, down from 154 in Q2 2015.
- Funds reported $1.23B of Cogent Communications stock for Q3 2015, down 18% quarter-over-quarter.
- 29 funds opened new Cogent Communications positions in Q3 2015 and 30 closed out, a net change of -1 holder.
- The largest Cogent Communications buyer in Q3 2015 was D.E. Shaw & Co, an estimated $22M added.
- The largest Cogent Communications seller in Q3 2015 was Foxhaven Asset Management, an estimated $31.7M sold.
Based on aggregated 13F filings for Q3 2015.