Cogent Communications
CCOI
315 hedge funds and large institutions have $2.92B invested in Cogent Communications in 2024 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 99 increasing their positions, 121 reducing their positions, and 41 closing their positions.
15% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 41
3.95% more ownership
Funds ownership: 90.27% → 94.23% (+4%)
1% more funds holding
Funds holding: 311 → 315 (+4)
0% more funds holding in top 10
Funds holding in top 10: 10 → 10 (0)
13% less capital invested
Capital invested by funds: $3.34B → $2.92B (-$418M)
18% less repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 121
52% less call options, than puts
Call options by funds: $6.68M | Put options by funds: $13.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$64M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$54.9M |
| 3 |
NM
Newtyn Management
New York
|
+$27.4M |
| 4 |
SIG
Senator Investment Group
New York
|
+$22.1M |
| 5 |
6CM
683 Capital Management
New York
|
+$15.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$32.4M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$28.7M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$26M |
| 4 |
BlackRock
New York
|
-$17.5M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$14.2M |
CCOI Hedge Fund Activity: Q1 2024 in Review
315 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Cogent Communications (CCOI) for Q1 2024, worth a combined $2.92B — down 13% from $3.34B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new CCOI positions and 41 closed out — a net gain of 6 holders — while 99 added to existing stakes and 121 trimmed.
The largest buyer was EdgePoint Investment Group, adding an estimated $64M. The largest seller was Norges Bank, cutting an estimated $32.4M.
- 315 institutional investors held Cogent Communications (CCOI) as of Q1 2024, up from 311 in Q4 2023.
- Funds reported $2.92B of Cogent Communications stock for Q1 2024, down 13% quarter-over-quarter.
- 47 funds opened new Cogent Communications positions in Q1 2024 and 41 closed out, a net change of +6 holders.
- The largest Cogent Communications buyer in Q1 2024 was EdgePoint Investment Group, an estimated $64M added.
- The largest Cogent Communications seller in Q1 2024 was Norges Bank, an estimated $32.4M sold.
Based on aggregated 13F filings for Q1 2024.