Conduent
CNDT
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.
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: 8 → 9 (+1)
3% more funds holding
Funds holding: 321 → 330 (+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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$139M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$35.1M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$33.3M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$24.9M |
| 5 |
HAI
Hennessy Advisors Inc
Novato,
California
|
+$24.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCMNY
Rubric Capital Management (New York)
New York
|
-$56.4M |
| 2 |
GL
Governors Lane
New York
|
-$49.5M |
| 3 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$40.7M |
| 4 |
HCM
Highline Capital Management
New York
|
-$32.7M |
| 5 |
SJIC
St. James Investment Company
Southlake,
Texas
|
-$29.9M |
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.