GTT Communications, Inc.
GTT
GTT was delisted on the 1st of July, 2021.
73 hedge funds and large institutions have $90.1M invested in GTT Communications, Inc. in 2021 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 23 increasing their positions, 23 reducing their positions, and 15 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
39% more call options, than puts
Call options by funds: $694K | Put options by funds: $499K
0% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 23
9% less funds holding
Funds holding: 80 → 73 (-7)
34% less capital invested
Capital invested by funds: $138M → $90.1M (-$47.4M)
40% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$1.18M |
| 2 |
GC
GMT Capital
Atlanta,
Georgia
|
+$901K |
| 3 |
Morgan Stanley
New York
|
+$880K |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$686K |
| 5 |
BlackRock
New York
|
+$470K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$17.1M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
-$1.92M |
| 3 |
CM
Conifer Management
New York
|
-$1.2M |
| 4 |
CPI
Crestview Partners III
New York
|
-$1.05M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$788K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PP
76
Paloma Partners
Greenwich,
Connecticut
| – | -$98K | -27,332 | Closed |
|
|
CSS
77
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$55K | -15,274 | Closed |
|
78
D.E. Shaw & Co
New York
| – | -$47K | -13,202 | Closed |
|
79
VOYA Investment Management
Atlanta,
Georgia
| – | -$47K | -13,181 | Closed |
|
80
AllianceBernstein
Nashville,
Tennessee
| – | -$44K | -12,200 | Closed |
|
|
WC
81
Wexford Capital
West Palm Beach,
Florida
| – | -$38K | -10,584 | Closed |
|
82
Walleye Trading
New York
| – | -$31K | -8,697 | Closed |
|
|
PHK
83
Point72 Hong Kong
Hong Kong
| – | -$10K | -2,777 | Closed |
|
|
WAP
84
Wealthcare Advisory Partners
West Chester,
Pennsylvania
| – | +$823 | +270 | New |
|
|
CG
85
Cutler Group
San Francisco,
California
| – | +$1.22K | +400 | New |
|
GTT Hedge Fund Activity: Q1 2021 in Review
73 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in GTT Communications, Inc. (GTT) for Q1 2021, worth a combined $90.1M — down 34% from $138M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of GTT and 9 opened new positions — a net loss of 6 holders — while 23 trimmed existing stakes and 23 added.
The largest buyer was Invesco, adding an estimated $1.18M. The largest seller was Neuberger Berman Group, exiting entirely with an estimated $17.1M sold.
- 73 institutional investors held GTT Communications, Inc. (GTT) as of Q1 2021, down from 80 in Q4 2020.
- Funds reported $90.1M of GTT Communications, Inc. stock for Q1 2021, down 34% quarter-over-quarter.
- 9 funds opened new GTT Communications, Inc. positions in Q1 2021 and 15 closed out, a net change of -6 holders.
- The largest GTT Communications, Inc. buyer in Q1 2021 was Invesco, an estimated $1.18M added.
- The largest GTT Communications, Inc. seller in Q1 2021 was Neuberger Berman Group, an estimated $17.1M sold.
Based on aggregated 13F filings for Q1 2021.