Cogent Communications
CCOI
196 hedge funds and large institutions have $1.87B invested in Cogent Communications in 2018 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 83 increasing their positions, 56 reducing their positions, and 28 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
48% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 56
2.54% less ownership
Funds ownership: 95.65% → 93.11% (-2.5%)
5% less funds holding
Funds holding: 206 → 196 (-10)
6% less capital invested
Capital invested by funds: $1.99B → $1.87B (-$118M)
16% less call options, than puts
Call options by funds: $6.12M | Put options by funds: $7.24M
29% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Brown Advisory
Baltimore,
Maryland
|
+$24.8M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$17.5M |
| 3 |
Renaissance Technologies
New York
|
+$10M |
| 4 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$2.63M |
| 5 |
State Street
Boston,
Massachusetts
|
+$2.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
-$43.4M |
| 2 |
TCM
Tekne Capital Management
New York
|
-$23.3M |
| 3 |
Jennison Associates
New York
|
-$12.4M |
| 4 |
APG Asset Management
Amsterdam,
Netherlands
|
-$7.3M |
| 5 |
BlackRock
New York
|
-$6.75M |
CCOI Hedge Fund Activity: Q1 2018 in Review
196 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Cogent Communications (CCOI) for Q1 2018, worth a combined $1.87B — down 5.9% from $1.99B a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of CCOI and 20 opened new positions — a net loss of 8 holders — while 56 trimmed existing stakes and 83 added.
The largest buyer was Brown Advisory, adding an estimated $24.8M. The largest seller was VOYA Investment Management, cutting an estimated $43.4M.
- 196 institutional investors held Cogent Communications (CCOI) as of Q1 2018, down from 206 in Q4 2017.
- Funds reported $1.87B of Cogent Communications stock for Q1 2018, down 5.9% quarter-over-quarter.
- 20 funds opened new Cogent Communications positions in Q1 2018 and 28 closed out, a net change of -8 holders.
- The largest Cogent Communications buyer in Q1 2018 was Brown Advisory, an estimated $24.8M added.
- The largest Cogent Communications seller in Q1 2018 was VOYA Investment Management, an estimated $43.4M sold.
Based on aggregated 13F filings for Q1 2018.