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8x8 Inc
EGHT

193 hedge funds and large institutions have $1.63B invested in 8x8 Inc in 2020 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 80 increasing their positions, 52 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

136% more call options, than puts

Call options by funds: $51.1M | Put options by funds: $21.7M

56% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 25

54% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 52

14% more capital invested

Capital invested by funds: $1.43B → $1.63B (+$202M)

7% more funds holding

Funds holding: 180 → 193 (+13)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

2.16% less ownership

Funds ownership: 100.34% → 98.17% (-2.2%)

Holders
193
Holders Change
+13
Holders Change %
+7.22%
% of All Funds
3.96%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
39
Increased
80
Reduced
52
Closed
25
Calls
$51.1M
Puts
$21.7M
Net Calls
+$29.5M
Net Calls Change
+$26.3M

Top Buyers

1
SCH
Sylebra Capital (HK)
Hong Kong
+$46.6M
2
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$24.7M
3
BlackRock
BlackRock
New York
+$22.1M
4
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
+$13.8M
5
ACH
ArrowMark Colorado Holdings
Colorado
+$12.3M

Top Sellers

1
WRF
Waddell & Reed Financial
Kansas
-$53.6M
2
Westfield Capital Management
Westfield Capital Management
Massachusetts
-$37.2M
3
PC
Polar Capital
United Kingdom
-$31.6M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$20.6M
5
IECM
Intrinsic Edge Capital Management
Illinois
-$14.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$264M +$22.1M +1,390,958 +9%
SCH
2
Sylebra Capital (HK)
Hong Kong
$191M +$46.6M +2,931,079 +33%
Vanguard Group
3
Vanguard Group
Pennsylvania
$173M +$2.18M +137,342 +1%
Tiger Global Management
4
Tiger Global Management
New York
$79.2M – – –
First Trust Advisors
5
First Trust Advisors
Illinois
$74M +$1.88M +118,179 +3%
Massachusetts Financial Services
6
Massachusetts Financial Services
Massachusetts
$71.5M +$24.7M +1,556,931 +53%
State Street
7
State Street
Massachusetts
$56.7M +$7.05M +443,640 +14%
Barclays
8
Barclays
United Kingdom
$53.6M +$6.78M +426,789 +15%
BTP
9
Bloom Tree Partners
New York
$49.8M +$9.26M +582,879 +23%
Morgan Stanley
10
Morgan Stanley
New York
$33.7M -$272K -17,110 -0.8%
Citadel Advisors
11
Citadel Advisors
Florida
$25.1M -$12.8M -805,127 -34%
SIM
12
SRS Investment Management
New York
$24M – – –
Wells Fargo
13
Wells Fargo
California
$23.2M +$114K +7,156 +0.5%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$23M +$1.15M +72,470 +5%
Citigroup
15
Citigroup
New York
$22.9M +$245K +15,395 +1%
SIMG
16
Stephens Investment Management Group
Texas
$22.4M +$1.89M +118,668 +9%
Northern Trust
17
Northern Trust
Illinois
$21.4M +$872K +54,875 +4%
KCM
18
Kornitzer Capital Management
Kansas
$20.2M +$3.56M +224,357 +22%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$17.6M +$731K +46,015 +4%
State of Wisconsin Investment Board
20
State of Wisconsin Investment Board
Wisconsin
$15.4M +$5.62M +353,614 +58%
Assenagon Asset Management
21
Assenagon Asset Management
Luxembourg
$15.3M +$13.8M +869,553 +986%
Norges Bank
22
Norges Bank
Norway
$13.7M +$1.2M +75,597 +10%
Principal Financial Group
23
Principal Financial Group
Iowa
$12.7M +$484K +30,482 +4%
ACH
24
ArrowMark Colorado Holdings
Colorado
$12.4M +$12.3M +774,920 New
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
25
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$12M +$8.37M +526,740 +238%
1
2 3 4 5

EGHT Hedge Fund Activity: Q2 2020 in Review

193 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in 8x8 Inc (EGHT) for Q2 2020, worth a combined $1.63B — up 14% from $1.43B a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new EGHT positions and 25 closed out — a net gain of 14 holders — while 80 added to existing stakes and 52 trimmed.

The largest buyer was Sylebra Capital (HK), adding an estimated $46.6M. The largest seller was Waddell & Reed Financial, exiting entirely with an estimated $53.6M sold.

  • 193 institutional investors held 8x8 Inc (EGHT) as of Q2 2020, up from 180 in Q1 2020.
  • Funds reported $1.63B of 8x8 Inc stock for Q2 2020, up 14% quarter-over-quarter.
  • 39 funds opened new 8x8 Inc positions in Q2 2020 and 25 closed out, a net change of +14 holders.
  • The largest 8x8 Inc buyer in Q2 2020 was Sylebra Capital (HK), an estimated $46.6M added.
  • The largest 8x8 Inc seller in Q2 2020 was Waddell & Reed Financial, an estimated $53.6M sold.

Based on aggregated 13F filings for Q2 2020.