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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
Fidelity Investments
1
Fidelity Investments
Massachusetts
$534M +$35.1M +1,711,445 +8%
IC
2
Icahn Carl
Florida
$446M
Vanguard Group
3
Vanguard Group
Pennsylvania
$394M +$2.91M +141,958 +0.8%
Lord, Abbett & Co
4
Lord, Abbett & Co
New Jersey
$207M -$2.89M -140,640 -2%
BlackRock
5
BlackRock
New York
$184M +$2.15M +104,690 +1%
IAM
6
Iridian Asset Management
Connecticut
$153M +$139M +6,784,568 New
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$123M +$7.76M +378,187 +7%
HCM
8
Highline Capital Management
New York
$122M -$32.7M -1,594,000 -23%
FCM
9
Frontier Capital Management
Massachusetts
$110M -$40.7M -1,983,268 -29%
T. Rowe Price Associates
10
T. Rowe Price Associates
Maryland
$84.3M -$14.1M -687,851 -16%
Deutsche Bank
11
Deutsche Bank
Germany
$80.8M -$17.6M -856,449 -19%
Wells Fargo
12
Wells Fargo
California
$74.5M -$10.2M -498,703 -13%
Ninety One (UK)
13
Ninety One (UK)
United Kingdom
$65.6M +$9.3M +453,157 +18%
Neuberger Berman Group
14
Neuberger Berman Group
New York
$61M -$10.9M -531,605 -16%
ACA
15
Anchor Capital Advisors
Massachusetts
$60M +$4.08M +198,800 +8%
State Street
16
State Street
Massachusetts
$59.2M +$1.62M +78,838 +3%
Norges Bank
17
Norges Bank
Norway
$54.2M
Geode Capital Management
18
Geode Capital Management
Massachusetts
$48.4M +$2.19M +106,482 +5%
GCM
19
Glenview Capital Management
New York
$45.1M +$5.44M +265,225 +15%
Renaissance Technologies
20
Renaissance Technologies
New York
$44.3M -$20.5M -997,000 -34%
D.E. Shaw & Co
21
D.E. Shaw & Co
New York
$44.2M +$6.47M +315,235 +19%
AGA
22
Altrinsic Global Advisors
Connecticut
$39.7M -$15.6M -759,839 -30%
Morgan Stanley
23
Morgan Stanley
New York
$39.6M -$1.15M -56,101 -3%
Balyasny Asset Management
24
Balyasny Asset Management
Illinois
$36.6M +$33.3M +1,624,855 New
First Trust Advisors
25
First Trust Advisors
Illinois
$36.4M +$24.9M +1,214,772 +303%

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.