GTT Communications, Inc.
GTT
GTT was delisted on the 1st of July, 2021.
140 hedge funds and large institutions have $1.69B invested in GTT Communications, Inc. in 2018 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 39 increasing their positions, 60 reducing their positions, and 12 closing their positions.
83% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 12
20% more capital invested
Capital invested by funds: $1.41B → $1.69B (+$279M)
7% more funds holding
Funds holding: 131 → 140 (+9)
17% less funds holding in top 10
Funds holding in top 10: 12 → 10 (-2)
35% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 60
51% less call options, than puts
Call options by funds: $10.8M | Put options by funds: $22.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$33.9M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$32.5M |
| 3 |
EAM
Eventide Asset Management
Boston,
Massachusetts
|
+$19.7M |
| 4 |
ZDA
Zweig-DiMenna Associates
New York
|
+$15M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$10.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSC
Cove Street Capital
El Segundo,
California
|
-$18.5M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$12.6M |
| 3 |
LSC
Lyon Street Capital
Sausalito,
California
|
-$10.5M |
| 4 |
TCM
Trafelet Capital Management
New York
|
-$8.78M |
| 5 |
SC
Spitfire Capital
Mill Valley,
California
|
-$8.11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Millennium Management
New York
| – | -$239K | -5,089 | Closed |
|
152
Parallax Volatility Advisers
San Francisco,
California
| – | -$232K | -4,704 | Closed |
|
GTT Hedge Fund Activity: Q1 2018 in Review
140 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in GTT Communications, Inc. (GTT) for Q1 2018, worth a combined $1.69B — up 20% from $1.41B a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new GTT positions and 12 closed out — a net gain of 10 holders — while 39 added to existing stakes and 60 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $33.9M. The largest seller was Cove Street Capital, cutting an estimated $18.5M.
- 140 institutional investors held GTT Communications, Inc. (GTT) as of Q1 2018, up from 131 in Q4 2017.
- Funds reported $1.69B of GTT Communications, Inc. stock for Q1 2018, up 20% quarter-over-quarter.
- 22 funds opened new GTT Communications, Inc. positions in Q1 2018 and 12 closed out, a net change of +10 holders.
- The largest GTT Communications, Inc. buyer in Q1 2018 was T. Rowe Price Associates, an estimated $33.9M added.
- The largest GTT Communications, Inc. seller in Q1 2018 was Cove Street Capital, an estimated $18.5M sold.
Based on aggregated 13F filings for Q1 2018.