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Conduent

330 hedge funds and large institutions have $4.31B invested in Conduent in 2018 Q3 according to their latest regulatory filings, with 59 funds opening new positions, 90 increasing their positions, 103 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

148% more call options, than puts

Call options by funds: $5.33M | Put options by funds: $2.15M

26% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 47

23% more capital invested

Capital invested by funds: $3.5B → $4.31B (+$816M)

13% more funds holding in top 10

Funds holding in top 10: 89 (+1)

3% more funds holding

Funds holding: 321330 (+9)

1.56% less ownership

Funds ownership: 92.3%90.73% (-1.6%)

13% less repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 103

Holders
330
Holders Change
+9
Holders Change %
+2.8%
% of All Funds
7.54%
Holding in Top 10
9
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+12.5%
% of All Funds
0.21%
New
59
Increased
90
Reduced
103
Closed
47
Calls
$5.33M
Puts
$2.15M
Net Calls
+$3.18M
Net Calls Change
+$5.45M
Name Holding Trade Value Shares
Change
Change in
Stake
Loomis, Sayles & Company
26
Loomis, Sayles & Company
Massachusetts
$35.5M -$11M -536,439 -25%
Goldman Sachs
27
Goldman Sachs
New York
$35.4M -$16.2M -789,232 -33%
Man Group
28
Man Group
United Kingdom
$33.7M +$19.2M +933,393 +165%
RRAM
29
River Road Asset Management
Kentucky
$33.1M -$4.51M -219,725 -13%
Two Sigma Advisers
30
Two Sigma Advisers
New York
$32.8M -$6.08M -296,500 -17%
GL
31
Governors Lane
New York
$29.4M -$49.5M -2,414,300 -65%
AA
32
Ancora Advisors
Ohio
$29.3M -$1.46M -71,171 -5%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$28.9M +$5.88M +286,453 +29%
WCM
34
Wallace Capital Management
Texas
$27.5M -$743K -36,225 -3%
HAI
35
Hennessy Advisors Inc
California
$27.1M +$24.7M +1,205,000 New
Northern Trust
36
Northern Trust
Illinois
$26.6M -$179K -8,730 -0.7%
RHJA
37
Rice Hall James & Associates
California
$25.1M -$416K -20,259 -2%
First Eagle Investment Management
38
First Eagle Investment Management
New York
$23.8M +$21.7M +1,055,536 New
Bank of America
39
Bank of America
North Carolina
$23.6M +$6.72M +327,418 +45%
AQR Capital Management
40
AQR Capital Management
Connecticut
$23.4M +$14.9M +725,868 +233%
Point72 Asset Management
41
Point72 Asset Management
Connecticut
$22.6M -$12.6M -613,847 -38%
MSL
42
Mackay Shields LLC
New York
$22.6M +$2.11M +102,961 +11%
Axa
43
Axa
France
$22.3M -$2.53M -123,100 -11%
CRCP
44
Copper Rock Capital Partners
Massachusetts
$22.2M +$20.2M +983,629 New
Russell Investments Group
45
Russell Investments Group
United Kingdom
$22M +$791K +38,547 +4%
AA
46
AQR Arbitrage
Connecticut
$21.1M -$1.32M -64,147 -6%
Bank of New York Mellon
47
Bank of New York Mellon
New York
$20.4M +$268K +13,055 +1%
RCMNY
48
Rubric Capital Management (New York)
New York
$20.3M -$56.4M -2,750,000 -75%
Two Sigma Investments
49
Two Sigma Investments
New York
$19.7M +$8.74M +425,763 +95%
CIM
50
Corbyn Investment Management
Maryland
$17.7M -$15.5K -755 -0.1%

CNDT Hedge Fund Activity: Q3 2018 in Review

330 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Conduent (CNDT) for Q3 2018, worth a combined $4.31B — up 23% from $3.5B a quarter earlier.

Buyers outnumbered sellers: 59 funds opened new CNDT positions and 47 closed out — a net gain of 12 holders — while 90 added to existing stakes and 103 trimmed.

The largest buyer was Iridian Asset Management, opening a new position worth an estimated $139M. The largest seller was Rubric Capital Management (New York), cutting an estimated $56.4M.

  • 330 institutional investors held Conduent (CNDT) as of Q3 2018, up from 321 in Q2 2018.
  • Funds reported $4.31B of Conduent stock for Q3 2018, up 23% quarter-over-quarter.
  • 59 funds opened new Conduent positions in Q3 2018 and 47 closed out, a net change of +12 holders.
  • The largest Conduent buyer in Q3 2018 was Iridian Asset Management, an estimated $139M added.
  • The largest Conduent seller in Q3 2018 was Rubric Capital Management (New York), an estimated $56.4M sold.

Based on aggregated 13F filings for Q3 2018.