GTT Communications, Inc.
GTT
GTT was delisted on the 1st of July, 2021.
97 hedge funds and large institutions have $540M invested in GTT Communications, Inc. in 2016 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 39 increasing their positions, 30 reducing their positions, and 18 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
30% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 30
27% more capital invested
Capital invested by funds: $424M → $540M (+$115M)
5% less funds holding
Funds holding: 102 → 97 (-5)
28% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Sentinel Asset Management
Montpelier,
Vermont
|
+$12.8M |
| 2 |
WC
Weatherbie Capital
Boston,
Massachusetts
|
+$8.99M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$5.62M |
| 4 |
Morgan Stanley
New York
|
+$3.78M |
| 5 |
GH
GAM Holding
Zurich,
Switzerland
|
+$3.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
-$7.8M |
| 2 |
LSC
Lyon Street Capital
Sausalito,
California
|
-$6.74M |
| 3 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$5.9M |
| 4 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
-$4.99M |
| 5 |
PCA
Prospect Capital Advisors
Sausalito,
California
|
-$4.19M |
GTT Hedge Fund Activity: Q3 2016 in Review
97 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in GTT Communications, Inc. (GTT) for Q3 2016, worth a combined $540M — up 27% from $424M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of GTT and 13 opened new positions — a net loss of 5 holders — while 30 trimmed existing stakes and 39 added.
The largest buyer was Sentinel Asset Management, opening a new position worth an estimated $12.8M. The largest seller was Cannell Capital, cutting an estimated $7.8M.
- 97 institutional investors held GTT Communications, Inc. (GTT) as of Q3 2016, down from 102 in Q2 2016.
- Funds reported $540M of GTT Communications, Inc. stock for Q3 2016, up 27% quarter-over-quarter.
- 13 funds opened new GTT Communications, Inc. positions in Q3 2016 and 18 closed out, a net change of -5 holders.
- The largest GTT Communications, Inc. buyer in Q3 2016 was Sentinel Asset Management, an estimated $12.8M added.
- The largest GTT Communications, Inc. seller in Q3 2016 was Cannell Capital, an estimated $7.8M sold.
Based on aggregated 13F filings for Q3 2016.