GTT Communications, Inc.
GTT
GTT was delisted on the 1st of July, 2021.
71 hedge funds and large institutions have $68.7M invested in GTT Communications, Inc. in 2021 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 14 increasing their positions, 27 reducing their positions, and 21 closing their positions.
5% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 21
3% less funds holding
Funds holding: 73 → 71 (-2)
24% less capital invested
Capital invested by funds: $90.1M → $68.7M (-$21.4M)
24% less call options, than puts
Call options by funds: $3.29M | Put options by funds: $4.35M
48% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 27
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$546K |
| 2 |
Goldman Sachs
New York
|
+$466K |
| 3 |
Russell Investments Group
London,
United Kingdom
|
+$365K |
| 4 |
Millennium Management
New York
|
+$348K |
| 5 |
E
Ergoteles
New York
|
+$283K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Conifer Management
New York
|
-$3.6M |
| 2 |
BlackRock
New York
|
-$3.23M |
| 3 |
State Street
Boston,
Massachusetts
|
-$1.05M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$851K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$619K |
GTT Hedge Fund Activity: Q2 2021 in Review
71 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in GTT Communications, Inc. (GTT) for Q2 2021, worth a combined $68.7M — down 24% from $90.1M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of GTT and 20 opened new positions — a net loss of 1 holder — while 27 trimmed existing stakes and 14 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $546K. The largest seller was Conifer Management, cutting an estimated $3.6M.
- 71 institutional investors held GTT Communications, Inc. (GTT) as of Q2 2021, down from 73 in Q1 2021.
- Funds reported $68.7M of GTT Communications, Inc. stock for Q2 2021, down 24% quarter-over-quarter.
- 20 funds opened new GTT Communications, Inc. positions in Q2 2021 and 21 closed out, a net change of -1 holder.
- The largest GTT Communications, Inc. buyer in Q2 2021 was Virtu Financial, an estimated $546K added.
- The largest GTT Communications, Inc. seller in Q2 2021 was Conifer Management, an estimated $3.6M sold.
Based on aggregated 13F filings for Q2 2021.