8x8 Inc
EGHT
180 hedge funds and large institutions have $1.43B invested in 8x8 Inc in 2020 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 70 increasing their positions, 46 reducing their positions, and 25 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
60% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 25
52% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 46
51% more call options, than puts
Call options by funds: $9.31M | Put options by funds: $6.18M
8% more funds holding
Funds holding: 167 → 180 (+13)
7.43% more ownership
Funds ownership: 92.9% → 100.34% (+7.4%)
16% less capital invested
Capital invested by funds: $1.7B → $1.43B (-$279M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCH
Sylebra Capital (HK)
Hong Kong
|
+$70.8M |
| 2 |
BTP
Bloom Tree Partners
New York
|
+$46.1M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$44.9M |
| 4 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
+$19.3M |
| 5 |
Citigroup
New York
|
+$16.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$51.7M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$24.2M |
| 3 |
Morgan Stanley
New York
|
-$20.5M |
| 4 |
SCM
SG Capital Management
Chicago,
Illinois
|
-$11.4M |
| 5 |
UBS AM
Chicago,
Illinois
|
-$11.3M |
EGHT Hedge Fund Activity: Q1 2020 in Review
180 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in 8x8 Inc (EGHT) for Q1 2020, worth a combined $1.43B — down 16% from $1.7B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new EGHT positions and 25 closed out — a net gain of 15 holders — while 70 added to existing stakes and 46 trimmed.
The largest buyer was Sylebra Capital (HK), adding an estimated $70.8M. The largest seller was UBS Group, cutting an estimated $51.7M.
- 180 institutional investors held 8x8 Inc (EGHT) as of Q1 2020, up from 167 in Q4 2019.
- Funds reported $1.43B of 8x8 Inc stock for Q1 2020, down 16% quarter-over-quarter.
- 40 funds opened new 8x8 Inc positions in Q1 2020 and 25 closed out, a net change of +15 holders.
- The largest 8x8 Inc buyer in Q1 2020 was Sylebra Capital (HK), an estimated $70.8M added.
- The largest 8x8 Inc seller in Q1 2020 was UBS Group, an estimated $51.7M sold.
Based on aggregated 13F filings for Q1 2020.