Comtech Telecommunications
CMTL
149 hedge funds and large institutions have $189M invested in Comtech Telecommunications in 2023 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 47 increasing their positions, 40 reducing their positions, and 28 closing their positions.
43% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 28
18% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 40
9% more funds holding
Funds holding: 137 → 149 (+12)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.37% less ownership
Funds ownership: 74.34% → 73.98% (-0.37%)
17% less call options, than puts
Call options by funds: $466K | Put options by funds: $560K
27% less capital invested
Capital invested by funds: $259M → $189M (-$70.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Freshford Capital Management
Rye Brook,
New York
|
+$9.94M |
| 2 |
Millennium Management
New York
|
+$8.86M |
| 3 |
ACM
Archon Capital Management
Seattle,
Washington
|
+$6.24M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$3.39M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$3.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$27.3M |
| 2 |
JP Morgan Chase
New York
|
-$8.11M |
| 3 |
AR
Acacia Research
New York
|
-$6.5M |
| 4 |
State Street
Boston,
Massachusetts
|
-$5.45M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$5.09M |
CMTL Hedge Fund Activity: Q2 2023 in Review
149 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Comtech Telecommunications (CMTL) for Q2 2023, worth a combined $189M — down 27% from $259M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new CMTL positions and 28 closed out — a net gain of 12 holders — while 47 added to existing stakes and 40 trimmed.
The largest buyer was Freshford Capital Management, adding an estimated $9.94M. The largest seller was BlackRock, cutting an estimated $27.3M.
- 149 institutional investors held Comtech Telecommunications (CMTL) as of Q2 2023, up from 137 in Q1 2023.
- Funds reported $189M of Comtech Telecommunications stock for Q2 2023, down 27% quarter-over-quarter.
- 40 funds opened new Comtech Telecommunications positions in Q2 2023 and 28 closed out, a net change of +12 holders.
- The largest Comtech Telecommunications buyer in Q2 2023 was Freshford Capital Management, an estimated $9.94M added.
- The largest Comtech Telecommunications seller in Q2 2023 was BlackRock, an estimated $27.3M sold.
Based on aggregated 13F filings for Q2 2023.