Comtech Telecommunications
CMTL
158 hedge funds and large institutions have $284M invested in Comtech Telecommunications in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 61 increasing their positions, 50 reducing their positions, and 29 closing their positions.
169% more call options, than puts
Call options by funds: $700K | Put options by funds: $260K
22% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 50
2.73% less ownership
Funds ownership: 89.25% → 86.51% (-2.7%)
7% less funds holding
Funds holding: 169 → 158 (-11)
28% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 29
63% less capital invested
Capital invested by funds: $772M → $284M (-$488M)
100% less funds holding in top 10
Funds holding in top 10: 4 → 0 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCMNY
Rubric Capital Management (New York)
New York
|
+$14.8M |
| 2 |
AAM
Alpine Associates Management
Palm Beach,
Florida
|
+$7.39M |
| 3 |
HCM
Huber Capital Management
El Segundo,
California
|
+$6.47M |
| 4 |
Renaissance Technologies
New York
|
+$4.61M |
| 5 |
MIP
Mondrian Investment Partners
London,
United Kingdom
|
+$4.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$18.8M |
| 2 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
-$13.6M |
| 3 |
Morgan Stanley
New York
|
-$8.89M |
| 4 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$3.55M |
| 5 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$2.9M |
CMTL Hedge Fund Activity: Q1 2020 in Review
158 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Comtech Telecommunications (CMTL) for Q1 2020, worth a combined $284M — down 63% from $772M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of CMTL and 21 opened new positions — a net loss of 8 holders — while 50 trimmed existing stakes and 61 added.
The largest buyer was Rubric Capital Management (New York), opening a new position worth an estimated $14.8M. The largest seller was Lord, Abbett & Co, cutting an estimated $18.8M.
- 158 institutional investors held Comtech Telecommunications (CMTL) as of Q1 2020, down from 169 in Q4 2019.
- Funds reported $284M of Comtech Telecommunications stock for Q1 2020, down 63% quarter-over-quarter.
- 21 funds opened new Comtech Telecommunications positions in Q1 2020 and 29 closed out, a net change of -8 holders.
- The largest Comtech Telecommunications buyer in Q1 2020 was Rubric Capital Management (New York), an estimated $14.8M added.
- The largest Comtech Telecommunications seller in Q1 2020 was Lord, Abbett & Co, an estimated $18.8M sold.
Based on aggregated 13F filings for Q1 2020.