Comtech Telecommunications
CMTL
173 hedge funds and large institutions have $488M invested in Comtech Telecommunications in 2019 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 59 increasing their positions, 48 reducing their positions, and 15 closing their positions.
1,461% more call options, than puts
Call options by funds: $6.29M | Put options by funds: $403K
113% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 15
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
23% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 48
9% more funds holding
Funds holding: 158 → 173 (+15)
1.33% less ownership
Funds ownership: 88.34% → 87.01% (-1.3%)
5% less capital invested
Capital invested by funds: $514M → $488M (-$26.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$6.15M |
| 2 |
SRFM
Shannon River Fund Management
New York
|
+$4.23M |
| 3 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
+$4.12M |
| 4 |
Millennium Management
New York
|
+$3.37M |
| 5 |
PI
PEAK6 Investments
Chicago,
Illinois
|
+$2.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Huber Capital Management
El Segundo,
California
|
-$12.3M |
| 2 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$6.65M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$5.29M |
| 4 |
Morgan Stanley
New York
|
-$3.91M |
| 5 |
WG
Winton Group
London,
United Kingdom
|
-$3.65M |
CMTL Hedge Fund Activity: Q1 2019 in Review
173 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Comtech Telecommunications (CMTL) for Q1 2019, worth a combined $488M — down 5.2% from $514M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new CMTL positions and 15 closed out — a net gain of 17 holders — while 59 added to existing stakes and 48 trimmed.
The largest buyer was Grantham, Mayo, Van Otterloo & Co (GMO), opening a new position worth an estimated $6.15M. The largest seller was Huber Capital Management, cutting an estimated $12.3M.
- 173 institutional investors held Comtech Telecommunications (CMTL) as of Q1 2019, up from 158 in Q4 2018.
- Funds reported $488M of Comtech Telecommunications stock for Q1 2019, down 5.2% quarter-over-quarter.
- 32 funds opened new Comtech Telecommunications positions in Q1 2019 and 15 closed out, a net change of +17 holders.
- The largest Comtech Telecommunications buyer in Q1 2019 was Grantham, Mayo, Van Otterloo & Co (GMO), an estimated $6.15M added.
- The largest Comtech Telecommunications seller in Q1 2019 was Huber Capital Management, an estimated $12.3M sold.
Based on aggregated 13F filings for Q1 2019.