Cogent Communications
CCOI
259 hedge funds and large institutions have $2.69B invested in Cogent Communications in 2019 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 105 increasing their positions, 83 reducing their positions, and 21 closing their positions.
76% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 21
27% more repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 83
21% more capital invested
Capital invested by funds: $2.23B → $2.69B (+$465M)
4% more funds holding
Funds holding: 249 → 259 (+10)
1% more ownership
Funds ownership: 86.38% → 87.38% (+1%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
72% less call options, than puts
Call options by funds: $1.84M | Put options by funds: $6.67M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$29.1M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$16.4M |
| 3 |
ZP
Zimmer Partners
New York
|
+$13.1M |
| 4 |
MC
MIG Capital
Newport Beach,
California
|
+$12.1M |
| 5 |
WG
Winton Group
London,
United Kingdom
|
+$11.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$25.2M |
| 2 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$13.5M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$10.7M |
| 4 |
HF
HRT Financial
New York
|
-$9.5M |
| 5 |
Bank of New York Mellon
New York
|
-$7.09M |
CCOI Hedge Fund Activity: Q4 2019 in Review
259 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Cogent Communications (CCOI) for Q4 2019, worth a combined $2.69B — up 21% from $2.23B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new CCOI positions and 21 closed out — a net gain of 16 holders — while 105 added to existing stakes and 83 trimmed.
The largest buyer was Hood River Capital Management, opening a new position worth an estimated $29.1M. The largest seller was Millennium Management, cutting an estimated $25.2M.
- 259 institutional investors held Cogent Communications (CCOI) as of Q4 2019, up from 249 in Q3 2019.
- Funds reported $2.69B of Cogent Communications stock for Q4 2019, up 21% quarter-over-quarter.
- 37 funds opened new Cogent Communications positions in Q4 2019 and 21 closed out, a net change of +16 holders.
- The largest Cogent Communications buyer in Q4 2019 was Hood River Capital Management, an estimated $29.1M added.
- The largest Cogent Communications seller in Q4 2019 was Millennium Management, an estimated $25.2M sold.
Based on aggregated 13F filings for Q4 2019.