Extreme Networks
EXTR
110 hedge funds and large institutions have $242M invested in Extreme Networks in 2015 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 42 increasing their positions, 37 reducing their positions, and 14 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 37
2% less funds holding
Funds holding: 112 → 110 (-2)
12% less capital invested
Capital invested by funds: $274M → $242M (-$31.9M)
14% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 14
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
85% less call options, than puts
Call options by funds: $59K | Put options by funds: $404K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$14.4M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$5.55M |
| 3 |
TI
Trigran Investments
Northbrook,
Illinois
|
+$4.34M |
| 4 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$1.98M |
| 5 |
Renaissance Technologies
New York
|
+$1.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Cortina Asset Management
Milwaukee,
Wisconsin
|
-$10.2M |
| 2 |
SFM
Soros Fund Management
New York
|
-$9.66M |
| 3 |
Goldman Sachs
New York
|
-$7.92M |
| 4 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$2.71M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
-$2.52M |
EXTR Hedge Fund Activity: Q1 2015 in Review
110 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Extreme Networks (EXTR) for Q1 2015, worth a combined $242M — down 12% from $274M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of EXTR and 12 opened new positions — a net loss of 2 holders — while 37 trimmed existing stakes and 42 added.
The largest buyer was Hotchkis & Wiley Capital Management, adding an estimated $14.4M. The largest seller was Cortina Asset Management, exiting entirely with an estimated $10.2M sold.
- 110 institutional investors held Extreme Networks (EXTR) as of Q1 2015, down from 112 in Q4 2014.
- Funds reported $242M of Extreme Networks stock for Q1 2015, down 12% quarter-over-quarter.
- 12 funds opened new Extreme Networks positions in Q1 2015 and 14 closed out, a net change of -2 holders.
- The largest Extreme Networks buyer in Q1 2015 was Hotchkis & Wiley Capital Management, an estimated $14.4M added.
- The largest Extreme Networks seller in Q1 2015 was Cortina Asset Management, an estimated $10.2M sold.
Based on aggregated 13F filings for Q1 2015.