Cogent Communications
CCOI
246 hedge funds and large institutions have $1.05B invested in Cogent Communications in 2025 Q4 according to their latest regulatory filings, with 52 funds opening new positions, 88 increasing their positions, 79 reducing their positions, and 72 closing their positions.
252% more call options, than puts
Call options by funds: $51.3M | Put options by funds: $14.6M
11% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 79
3.72% less ownership
Funds ownership: 103.13% → 99.42% (-3.7%)
8% less funds holding
Funds holding: 266 → 246 (-20)
28% less first-time investments, than exits
New positions opened: 52 | Existing positions closed: 72
46% less capital invested
Capital invested by funds: $1.95B → $1.05B (-$892M)
55% less funds holding in top 10
Funds holding in top 10: 11 → 5 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWAM
Park West Asset Management
San Francisco,
California
|
+$41.6M |
| 2 |
NM
Newtyn Management
New York
|
+$20.7M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$17.5M |
| 4 |
MC
MIG Capital
Newport Beach,
California
|
+$16.8M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$16.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$33.7M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
-$28.1M |
| 3 |
TCM
Tyro Capital Management
Miami,
Florida
|
-$27.6M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$20.3M |
| 5 |
SIG
Senator Investment Group
New York
|
-$18.5M |
CCOI Hedge Fund Activity: Q4 2025 in Review
246 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Cogent Communications (CCOI) for Q4 2025, worth a combined $1.05B — down 46% from $1.95B a quarter earlier.
Sellers outnumbered buyers: 72 funds closed out of CCOI and 52 opened new positions — a net loss of 20 holders — while 79 trimmed existing stakes and 88 added.
The largest buyer was Park West Asset Management, opening a new position worth an estimated $41.6M. The largest seller was Invesco, cutting an estimated $33.7M.
- 246 institutional investors held Cogent Communications (CCOI) as of Q4 2025, down from 266 in Q3 2025.
- Funds reported $1.05B of Cogent Communications stock for Q4 2025, down 46% quarter-over-quarter.
- 52 funds opened new Cogent Communications positions in Q4 2025 and 72 closed out, a net change of -20 holders.
- The largest Cogent Communications buyer in Q4 2025 was Park West Asset Management, an estimated $41.6M added.
- The largest Cogent Communications seller in Q4 2025 was Invesco, an estimated $33.7M sold.
Based on aggregated 13F filings for Q4 2025.