GTT Communications, Inc.
GTT
GTT was delisted on the 1st of July, 2021.
114 hedge funds and large institutions have $806M invested in GTT Communications, Inc. in 2019 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 34 increasing their positions, 47 reducing their positions, and 25 closing their positions.
68% more call options, than puts
Call options by funds: $11.3M | Put options by funds: $6.74M
10% less funds holding
Funds holding: 127 → 114 (-13)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
28% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 47
36% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 25
52% less capital invested
Capital invested by funds: $1.69B → $806M (-$885M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TP
Third Point
New York
|
+$94.7M |
| 2 |
GIG
Goodnow Investment Group
Darien,
Connecticut
|
+$19.6M |
| 3 |
Neuberger Berman Group
New York
|
+$13.1M |
| 4 |
Barclays
London,
United Kingdom
|
+$10.2M |
| 5 |
CCM
Cadian Capital Management
New York
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPI
Crestview Partners III
New York
|
-$110M |
| 2 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
-$62.3M |
| 3 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$16.4M |
| 4 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$12.8M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$12.2M |
GTT Hedge Fund Activity: Q2 2019 in Review
114 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in GTT Communications, Inc. (GTT) for Q2 2019, worth a combined $806M — down 52% from $1.69B a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of GTT and 16 opened new positions — a net loss of 9 holders — while 47 trimmed existing stakes and 34 added.
The largest buyer was Third Point, opening a new position worth an estimated $94.7M. The largest seller was Crestview Partners III, cutting an estimated $110M.
- 114 institutional investors held GTT Communications, Inc. (GTT) as of Q2 2019, down from 127 in Q1 2019.
- Funds reported $806M of GTT Communications, Inc. stock for Q2 2019, down 52% quarter-over-quarter.
- 16 funds opened new GTT Communications, Inc. positions in Q2 2019 and 25 closed out, a net change of -9 holders.
- The largest GTT Communications, Inc. buyer in Q2 2019 was Third Point, an estimated $94.7M added.
- The largest GTT Communications, Inc. seller in Q2 2019 was Crestview Partners III, an estimated $110M sold.
Based on aggregated 13F filings for Q2 2019.