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8x8 Inc
EGHT

172 hedge funds and large institutions have $317M invested in 8x8 Inc in 2023 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 55 increasing their positions, 73 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.82% more ownership

Funds ownership: 102.99% → 104.8% (+1.8%)

9% less funds holding

Funds holding: 189 → 172 (-17)

25% less repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 73

37% less capital invested

Capital invested by funds: $507M → $317M (-$190M)

43% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 40

74% less call options, than puts

Call options by funds: $441K | Put options by funds: $1.72M

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
172
Holders Change
-17
Holders Change %
-8.99%
% of All Funds
2.73%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
23
Increased
55
Reduced
73
Closed
40
Calls
$441K
Puts
$1.72M
Net Calls
-$1.27M
Net Calls Change
+$662K

Top Buyers

Rank Fund Capital Flow
1
Bank of New York Mellon
Bank of New York Mellon
New York
+$7.19M
2
Millennium Management
Millennium Management
New York
+$6.83M
3
Canada Life
Canada Life
Manitoba, Canada
+$4.94M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$3.62M
5
Impax Asset Management Group
Impax Asset Management Group
United Kingdom
+$3.01M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$35.8M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$14.4M
3
State Street
State Street
Massachusetts
-$4.62M
4
Morgan Stanley
Morgan Stanley
New York
-$4.33M
5
Fisher Asset Management
Fisher Asset Management
Washington
-$3.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
ECM
26
ExodusPoint Capital Management
New York
$2.52M -$1.34M -376,036 -27%
CM
27
Crestline Management
Texas
$2.52M – – –
Jane Street
28
Jane Street
New York
$2.4M +$2.86M +804,202 +545%
VOYA Investment Management
29
VOYA Investment Management
Georgia
$2.35M +$2.85M +801,735 +620%
Federated Hermes
30
Federated Hermes
Pennsylvania
$2.29M +$2.18K +613 +0.1%
Fidelity Investments
31
Fidelity Investments
Massachusetts
$2.12M +$878K +246,972 +41%
BFM
32
Boothbay Fund Management
New York
$1.99M +$112K +31,431 +4%
Two Sigma Advisers
33
Two Sigma Advisers
New York
$1.98M +$2.48M +698,500 +810%
Russell Investments Group
34
Russell Investments Group
United Kingdom
$1.82M +$858K +241,436 +50%
Susquehanna International Group
35
Susquehanna International Group
Pennsylvania
$1.8M +$1.46M +410,807 +136%
Los Angeles Capital Management
36
Los Angeles Capital Management
California
$1.62M -$212K -59,623 -8%
AllianceBernstein
37
AllianceBernstein
Tennessee
$1.53M +$1.34M +376,745 +163%
GC
38
Globeflex Capital
California
$1.53M -$113K -31,816 -5%
Squarepoint
39
Squarepoint
New York
$1.43M +$1.94M +546,422 +2,493%
Bank of America
40
Bank of America
North Carolina
$1.36M +$565K +159,072 +42%
CCPM
41
Cooper Creek Partners Management
New York
$1.3M – – –
Connor, Clark & Lunn Investment Management (CC&L)
42
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.17M +$1.21M +341,707 +278%
Goldman Sachs
43
Goldman Sachs
New York
$1.09M -$725K -203,846 -32%
Dimensional Fund Advisors
44
Dimensional Fund Advisors
Texas
$1.07M -$149K -41,907 -9%
DMC
45
Deer Management Company
New York
$1.04M – – –
NIM
46
Needham Investment Management
New York
$1.01M -$2.13M -600,000 -60%
Qube Research & Technologies (QRT)
47
Qube Research & Technologies (QRT)
United Kingdom
$965K +$1.36M +382,908 New
MFA
48
Mayflower Financial Advisors
Massachusetts
$959K -$7.11K -2,000 -0.5%
UBS Group
49
UBS Group
Switzerland
$959K +$920K +258,863 +213%
CS
50
Credit Suisse
Switzerland
$924K +$34.7K +9,775 +5%
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EGHT Hedge Fund Activity: Q3 2023 in Review

172 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in 8x8 Inc (EGHT) for Q3 2023, worth a combined $317M — down 37% from $507M a quarter earlier.

Sellers outnumbered buyers: 40 funds closed out of EGHT and 23 opened new positions — a net loss of 17 holders — while 73 trimmed existing stakes and 55 added.

The largest buyer was Bank of New York Mellon, adding an estimated $7.19M. The largest seller was BlackRock, cutting an estimated $35.8M.

  • 172 institutional investors held 8x8 Inc (EGHT) as of Q3 2023, down from 189 in Q2 2023.
  • Funds reported $317M of 8x8 Inc stock for Q3 2023, down 37% quarter-over-quarter.
  • 23 funds opened new 8x8 Inc positions in Q3 2023 and 40 closed out, a net change of -17 holders.
  • The largest 8x8 Inc buyer in Q3 2023 was Bank of New York Mellon, an estimated $7.19M added.
  • The largest 8x8 Inc seller in Q3 2023 was BlackRock, an estimated $35.8M sold.

Based on aggregated 13F filings for Q3 2023.