GTT Communications, Inc.
GTT
GTT was delisted on the 1st of July, 2021.
119 hedge funds and large institutions have $899M invested in GTT Communications, Inc. in 2017 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 51 increasing their positions, 33 reducing their positions, and 12 closing their positions.
601% more call options, than puts
Call options by funds: $1.07M | Put options by funds: $152K
55% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 33
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
17% more capital invested
Capital invested by funds: $768M → $899M (+$131M)
0% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 12
1% less funds holding
Funds holding: 120 → 119 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SHIM
Spruce House Investment Management
New York
|
+$57.6M |
| 2 |
BAMCO Inc
New York
|
+$28.4M |
| 3 |
CSC
Cove Street Capital
El Segundo,
California
|
+$16.6M |
| 4 |
Millennium Management
New York
|
+$8.52M |
| 5 |
FAM
Fred Alger Management
New York
|
+$7.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Trafelet Capital Management
New York
|
-$6.27M |
| 2 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
-$5.43M |
| 3 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
-$4.01M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
-$3.81M |
| 5 |
Renaissance Technologies
New York
|
-$3.62M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GAM
126
Gotham Asset Management
New York
| – | -$247K | -7,818 | Closed |
|
127
Simplex Trading
Chicago,
Illinois
| – | -$44.4K | -1,452 | Closed |
|
128
Envestnet Asset Management
Chicago,
Illinois
| – | -$42K | -1,339 | Closed |
|
|
IR
129
Invictus RG
Hamilton,
Bermuda
| – | -$17K | -538 | Closed |
|
|
CG
130
Cutler Group
San Francisco,
California
| – | -$14.6K | -479 | Closed |
|
|
WAM
131
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | -$6K | -200 | Closed |
|
GTT Hedge Fund Activity: Q3 2017 in Review
119 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in GTT Communications, Inc. (GTT) for Q3 2017, worth a combined $899M — up 17% from $768M a quarter earlier.
Fund positioning in GTT was balanced in Q3 2017: 12 funds opened new positions, 12 closed out, 51 added to existing stakes and 33 trimmed.
The largest buyer was Spruce House Investment Management, opening a new position worth an estimated $57.6M. The largest seller was Trafelet Capital Management, cutting an estimated $6.27M.
- 119 institutional investors held GTT Communications, Inc. (GTT) as of Q3 2017, down from 120 in Q2 2017.
- Funds reported $899M of GTT Communications, Inc. stock for Q3 2017, up 17% quarter-over-quarter.
- 12 funds opened new GTT Communications, Inc. positions in Q3 2017 and 12 closed out, a net change of 0 holders.
- The largest GTT Communications, Inc. buyer in Q3 2017 was Spruce House Investment Management, an estimated $57.6M added.
- The largest GTT Communications, Inc. seller in Q3 2017 was Trafelet Capital Management, an estimated $6.27M sold.
Based on aggregated 13F filings for Q3 2017.