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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
+$7.19M |
| 2 |
Millennium Management
New York
|
+$6.83M |
| 3 |
Canada Life
Winnipeg,
Manitoba, Canada
|
+$4.94M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$3.62M |
| 5 |
Impax Asset Management Group
London,
United Kingdom
|
+$3.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$35.8M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$14.4M |
| 3 |
State Street
Boston,
Massachusetts
|
-$4.62M |
| 4 |
Morgan Stanley
New York
|
-$4.33M |
| 5 |
Fisher Asset Management
Camas,
Washington
|
-$3.42M |
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.