Comtech Telecommunications
CMTL
133 hedge funds and large institutions have $168M invested in Comtech Telecommunications in 2023 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 42 increasing their positions, 48 reducing their positions, and 16 closing their positions.
38% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 16
34% more call options, than puts
Call options by funds: $390K | Put options by funds: $291K
4% more funds holding
Funds holding: 128 → 133 (+5)
3.1% less ownership
Funds ownership: 73.1% → 70% (-3.1%)
6% less capital invested
Capital invested by funds: $178M → $168M (-$10.3M)
13% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 48
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$5.8M |
| 2 |
PMAM
Penn Mutual Asset Management
Conshohocken,
Pennsylvania
|
+$3.59M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$2.76M |
| 4 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$2.42M |
| 5 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
+$1.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Freshford Capital Management
Rye Brook,
New York
|
-$6.26M |
| 2 |
Millennium Management
New York
|
-$3.54M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$3.18M |
| 4 |
RA
Royce & Associates
New York
|
-$2.34M |
| 5 |
HCM
Huber Capital Management
El Segundo,
California
|
-$2.19M |
CMTL Hedge Fund Activity: Q4 2023 in Review
133 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Comtech Telecommunications (CMTL) for Q4 2023, worth a combined $168M — down 5.8% from $178M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new CMTL positions and 16 closed out — a net gain of 6 holders — while 42 added to existing stakes and 48 trimmed.
The largest buyer was Balyasny Asset Management, adding an estimated $5.8M. The largest seller was Freshford Capital Management, cutting an estimated $6.26M.
- 133 institutional investors held Comtech Telecommunications (CMTL) as of Q4 2023, up from 128 in Q3 2023.
- Funds reported $168M of Comtech Telecommunications stock for Q4 2023, down 5.8% quarter-over-quarter.
- 22 funds opened new Comtech Telecommunications positions in Q4 2023 and 16 closed out, a net change of +6 holders.
- The largest Comtech Telecommunications buyer in Q4 2023 was Balyasny Asset Management, an estimated $5.8M added.
- The largest Comtech Telecommunications seller in Q4 2023 was Freshford Capital Management, an estimated $6.26M sold.
Based on aggregated 13F filings for Q4 2023.