Cogent Communications
CCOI
310 hedge funds and large institutions have $2.59B invested in Cogent Communications in 2024 Q2 according to their latest regulatory filings, with 47 funds opening new positions, 97 increasing their positions, 115 reducing their positions, and 49 closing their positions.
91% more call options, than puts
Call options by funds: $57.3M | Put options by funds: $30.1M
0.58% less ownership
Funds ownership: 94.23% → 93.65% (-0.58%)
4% less first-time investments, than exits
New positions opened: 47 | Existing positions closed: 49
2% less funds holding
Funds holding: 315 → 310 (-5)
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
11% less capital invested
Capital invested by funds: $2.92B → $2.59B (-$329M)
16% less repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 115
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$59.6M |
| 2 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$29M |
| 3 |
Morgan Stanley
New York
|
+$16.4M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$15.1M |
| 5 |
MC
MIG Capital
Newport Beach,
California
|
+$14.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$20.9M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$20.5M |
| 3 |
BlackRock
New York
|
-$16.8M |
| 4 |
Jennison Associates
New York
|
-$14.8M |
| 5 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$13.2M |
CCOI Hedge Fund Activity: Q2 2024 in Review
310 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Cogent Communications (CCOI) for Q2 2024, worth a combined $2.59B — down 11% from $2.92B a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of CCOI and 47 opened new positions — a net loss of 2 holders — while 115 trimmed existing stakes and 97 added.
The largest buyer was Thrivent Financial for Lutherans, adding an estimated $59.6M. The largest seller was Renaissance Technologies, cutting an estimated $20.9M.
- 310 institutional investors held Cogent Communications (CCOI) as of Q2 2024, down from 315 in Q1 2024.
- Funds reported $2.59B of Cogent Communications stock for Q2 2024, down 11% quarter-over-quarter.
- 47 funds opened new Cogent Communications positions in Q2 2024 and 49 closed out, a net change of -2 holders.
- The largest Cogent Communications buyer in Q2 2024 was Thrivent Financial for Lutherans, an estimated $59.6M added.
- The largest Cogent Communications seller in Q2 2024 was Renaissance Technologies, an estimated $20.9M sold.
Based on aggregated 13F filings for Q2 2024.