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8x8 Inc
EGHT

176 hedge funds and large institutions have $1.28B invested in 8x8 Inc in 2018 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 55 increasing their positions, 47 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

503% more call options, than puts

Call options by funds: $4.43M | Put options by funds: $735K

35% more capital invested

Capital invested by funds: $943M → $1.28B (+$334M)

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

17% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 47

1.57% more ownership

Funds ownership: 72.73% → 74.3% (+1.6%)

0% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 29

1% less funds holding

Funds holding: 177 → 176 (-1)

Holders
176
Holders Change
-1
Holders Change %
-0.56%
% of All Funds
4.03%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.11%
New
29
Increased
55
Reduced
47
Closed
29
Calls
$4.43M
Puts
$735K
Net Calls
+$3.69M
Net Calls Change
+$1.04M

Top Buyers

1
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$31.2M
2
Alkeon Capital Management
Alkeon Capital Management
New York
+$18.3M
3
PWAM
Park West Asset Management
California
+$17.9M
4
SPPAM
Summit Partners Public Asset Management
Massachusetts
+$17.7M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$12.4M

Top Sellers

1
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$24.1M
2
HLC
Hunt Lane Capital
New York
-$15.2M
3
Millennium Management
Millennium Management
New York
-$14.9M
4
Renaissance Technologies
Renaissance Technologies
New York
-$12.7M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$10.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$214M +$3.8M +214,628 +2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$97.9M +$1.37M +77,640 +2%
First Trust Advisors
3
First Trust Advisors
Illinois
$75.1M +$5.01M +283,023 +8%
HLC
4
Hunt Lane Capital
New York
$56M -$15.2M -860,000 -22%
State Street
5
State Street
Massachusetts
$43.6M +$1.22M +68,917 +3%
Point72 Asset Management
6
Point72 Asset Management
Connecticut
$43.2M +$11.8M +664,500 +40%
SCA
7
Southpoint Capital Advisors
New York
$37.3M – – –
PC
8
Polar Capital
United Kingdom
$36.2M -$5.63M -318,459 -14%
SIMG
9
Stephens Investment Management Group
Texas
$35.8M -$965K -54,530 -3%
Massachusetts Financial Services
10
Massachusetts Financial Services
Massachusetts
$32.9M +$31.2M +1,762,429 New
1WCM
11
12 West Capital Management
New York
$30.8M – – –
KCM
12
Kornitzer Capital Management
Kansas
$30M +$2.6M +146,745 +10%
Fidelity International
13
Fidelity International
Bermuda
$25.6M -$345K -19,523 -1%
Bank of New York Mellon
14
Bank of New York Mellon
New York
$21.7M +$2M +113,183 +11%
Northern Trust
15
Northern Trust
Illinois
$21.3M +$363K +20,536 +2%
FWIA
16
Fort Washington Investment Advisors
Ohio
$20.9M – – –
WRF
17
Waddell & Reed Financial
Kansas
$20.2M +$1.77M +100,000 +10%
Alkeon Capital Management
18
Alkeon Capital Management
New York
$19.3M +$18.3M +1,037,200 New
UBS AM
19
UBS AM
Illinois
$19.1M -$882K -49,875 -5%
PWAM
20
Park West Asset Management
California
$18.8M +$17.9M +1,010,000 New
VOYA Investment Management
21
VOYA Investment Management
Georgia
$18.7M -$7.85M -443,560 -31%
SPPAM
22
Summit Partners Public Asset Management
Massachusetts
$18.6M +$17.7M +1,000,000 New
Geode Capital Management
23
Geode Capital Management
Massachusetts
$14.5M +$91.1K +5,148 +0.7%
Principal Financial Group
24
Principal Financial Group
Iowa
$13.2M +$140K +7,911 +1%
Fidelity Investments
25
Fidelity Investments
Massachusetts
$13.1M +$12.4M +702,225 New
1
2 3 4 5

EGHT Hedge Fund Activity: Q1 2018 in Review

176 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in 8x8 Inc (EGHT) for Q1 2018, worth a combined $1.28B — up 35% from $943M a quarter earlier.

Fund positioning in EGHT was balanced in Q1 2018: 29 funds opened new positions, 29 closed out, 55 added to existing stakes and 47 trimmed.

The largest buyer was Massachusetts Financial Services, opening a new position worth an estimated $31.2M. The largest seller was Alyeska Investment Group, cutting an estimated $24.1M.

  • 176 institutional investors held 8x8 Inc (EGHT) as of Q1 2018, down from 177 in Q4 2017.
  • Funds reported $1.28B of 8x8 Inc stock for Q1 2018, up 35% quarter-over-quarter.
  • 29 funds opened new 8x8 Inc positions in Q1 2018 and 29 closed out, a net change of 0 holders.
  • The largest 8x8 Inc buyer in Q1 2018 was Massachusetts Financial Services, an estimated $31.2M added.
  • The largest 8x8 Inc seller in Q1 2018 was Alyeska Investment Group, an estimated $24.1M sold.

Based on aggregated 13F filings for Q1 2018.