Comtech Telecommunications
CMTL
111 hedge funds and large institutions have $65.8M invested in Comtech Telecommunications in 2024 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 37 increasing their positions, 35 reducing their positions, and 39 closing their positions.
614% more call options, than puts
Call options by funds: $571K | Put options by funds: $80K
6% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 35
2.77% less ownership
Funds ownership: 70% → 67.23% (-2.8%)
17% less funds holding
Funds holding: 133 → 111 (-22)
56% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 39
61% less capital invested
Capital invested by funds: $168M → $65.8M (-$102M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$4.85M |
| 2 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
+$4.37M |
| 3 |
NIM
Needham Investment Management
New York
|
+$4.08M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$2.81M |
| 5 |
ACM
Archon Capital Management
Seattle,
Washington
|
+$1.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Freshford Capital Management
Rye Brook,
New York
|
-$6.58M |
| 2 |
First Eagle Investment Management
New York
|
-$4.29M |
| 3 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$1.96M |
| 4 |
RA
Royce & Associates
New York
|
-$1.92M |
| 5 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$1.83M |
CMTL Hedge Fund Activity: Q1 2024 in Review
111 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Comtech Telecommunications (CMTL) for Q1 2024, worth a combined $65.8M — down 61% from $168M a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of CMTL and 17 opened new positions — a net loss of 22 holders — while 35 trimmed existing stakes and 37 added.
The largest buyer was Wasatch Advisors, opening a new position worth an estimated $4.85M. The largest seller was Freshford Capital Management, exiting entirely with an estimated $6.58M sold.
- 111 institutional investors held Comtech Telecommunications (CMTL) as of Q1 2024, down from 133 in Q4 2023.
- Funds reported $65.8M of Comtech Telecommunications stock for Q1 2024, down 61% quarter-over-quarter.
- 17 funds opened new Comtech Telecommunications positions in Q1 2024 and 39 closed out, a net change of -22 holders.
- The largest Comtech Telecommunications buyer in Q1 2024 was Wasatch Advisors, an estimated $4.85M added.
- The largest Comtech Telecommunications seller in Q1 2024 was Freshford Capital Management, an estimated $6.58M sold.
Based on aggregated 13F filings for Q1 2024.