GTT Communications, Inc.
GTT
GTT was delisted on the 1st of July, 2021.
101 hedge funds and large institutions have $379M invested in GTT Communications, Inc. in 2019 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 25 increasing their positions, 37 reducing their positions, and 29 closing their positions.
45% more call options, than puts
Call options by funds: $7.01M | Put options by funds: $4.83M
11% less funds holding
Funds holding: 114 → 101 (-13)
32% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 37
41% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 29
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
53% less capital invested
Capital invested by funds: $806M → $379M (-$428M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$27.5M |
| 2 |
SHIM
Spruce House Investment Management
New York
|
+$17.7M |
| 3 |
GC
GMT Capital
Atlanta,
Georgia
|
+$6.23M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$5.13M |
| 5 |
Group One Trading
Chicago,
Illinois
|
+$3.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAMCO Inc
New York
|
-$39.6M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$35.8M |
| 3 |
GIG
Goodnow Investment Group
Darien,
Connecticut
|
-$13M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$12M |
| 5 |
CSC
Cove Street Capital
El Segundo,
California
|
-$10M |
GTT Hedge Fund Activity: Q3 2019 in Review
101 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in GTT Communications, Inc. (GTT) for Q3 2019, worth a combined $379M — down 53% from $806M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of GTT and 17 opened new positions — a net loss of 12 holders — while 37 trimmed existing stakes and 25 added.
The largest buyer was Neuberger Berman Group, adding an estimated $27.5M. The largest seller was BAMCO Inc, exiting entirely with an estimated $39.6M sold.
- 101 institutional investors held GTT Communications, Inc. (GTT) as of Q3 2019, down from 114 in Q2 2019.
- Funds reported $379M of GTT Communications, Inc. stock for Q3 2019, down 53% quarter-over-quarter.
- 17 funds opened new GTT Communications, Inc. positions in Q3 2019 and 29 closed out, a net change of -12 holders.
- The largest GTT Communications, Inc. buyer in Q3 2019 was Neuberger Berman Group, an estimated $27.5M added.
- The largest GTT Communications, Inc. seller in Q3 2019 was BAMCO Inc, an estimated $39.6M sold.
Based on aggregated 13F filings for Q3 2019.