8x8 Inc
EGHT
162 hedge funds and large institutions have $447M invested in 8x8 Inc in 2023 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 51 increasing their positions, 56 reducing their positions, and 41 closing their positions.
41% more capital invested
Capital invested by funds: $317M → $447M (+$130M)
9% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 56
6% less funds holding
Funds holding: 172 → 162 (-10)
8% less ownership
Funds ownership: 104.8% → 96.8% (-8%)
20% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 41
85% less call options, than puts
Call options by funds: $560K | Put options by funds: $3.83M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$9.92M |
| 2 |
KLC
Kent Lake Capital
Reno,
Nevada
|
+$8.16M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
+$4.75M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$3.94M |
| 5 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
+$2.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$5.6M |
| 2 |
Millennium Management
New York
|
-$4.23M |
| 3 |
ECM
ExodusPoint Capital Management
New York
|
-$2.69M |
| 4 |
JP Morgan Chase
New York
|
-$2.37M |
| 5 |
D.E. Shaw & Co
New York
|
-$2.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Walleye Trading
New York
| – | -$1.17K | -393 | Closed |
|
|
TWP
202
TFO Wealth Partners
Maumee,
Ohio
| – | -$237 | -56 | Closed |
|
|
C
203
Covestor
London,
United Kingdom
| – | +$45 | +15 | +88% |
|
EGHT Hedge Fund Activity: Q4 2023 in Review
162 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in 8x8 Inc (EGHT) for Q4 2023, worth a combined $447M — up 41% from $317M a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of EGHT and 33 opened new positions — a net loss of 8 holders — while 56 trimmed existing stakes and 51 added.
The largest buyer was Morgan Stanley, adding an estimated $9.92M. The largest seller was Jacobs Levy Equity Management, cutting an estimated $5.6M.
- 162 institutional investors held 8x8 Inc (EGHT) as of Q4 2023, down from 172 in Q3 2023.
- Funds reported $447M of 8x8 Inc stock for Q4 2023, up 41% quarter-over-quarter.
- 33 funds opened new 8x8 Inc positions in Q4 2023 and 41 closed out, a net change of -8 holders.
- The largest 8x8 Inc buyer in Q4 2023 was Morgan Stanley, an estimated $9.92M added.
- The largest 8x8 Inc seller in Q4 2023 was Jacobs Levy Equity Management, an estimated $5.6M sold.
Based on aggregated 13F filings for Q4 2023.