IDT Corp
91 hedge funds and large institutions have $344M invested in IDT Corp in 2021 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 21 increasing their positions, 36 reducing their positions, and 12 closing their positions.
108% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 12
57% more capital invested
Capital invested by funds: $219M → $344M (+$125M)
17% more funds holding
Funds holding: 78 → 91 (+13)
1.6% less ownership
Funds ownership: 40.1% → 38.5% (-1.6%)
22% less call options, than puts
Call options by funds: $3.15M | Put options by funds: $4.03M
42% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JGC
J. Goldman & Co
New York
|
+$2.51M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.25M |
| 3 |
CAM
ClariVest Asset Management
San Diego,
California
|
+$802K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$711K |
| 5 |
Millennium Management
New York
|
+$710K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
-$4.56M |
| 2 |
BlackRock
New York
|
-$2.06M |
| 3 |
JP Morgan Chase
New York
|
-$1.99M |
| 4 |
D.E. Shaw & Co
New York
|
-$1.99M |
| 5 |
Renaissance Technologies
New York
|
-$1.38M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CG
101
Cutler Group
San Francisco,
California
| – | -$64K | -2,853 | Closed |
|
102
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$31K | -1,385 | Closed |
|
|
WCM
103
Wealthcare Capital Management
Richmond,
Virginia
| – | -$2K | -80 | Closed |
|
IDT Hedge Fund Activity: Q2 2021 in Review
91 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in IDT Corp (IDT) for Q2 2021, worth a combined $344M — up 57% from $219M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new IDT positions and 12 closed out — a net gain of 13 holders — while 21 added to existing stakes and 36 trimmed.
The largest buyer was J. Goldman & Co, adding an estimated $2.51M. The largest seller was Foundry Partners, cutting an estimated $4.56M.
- 91 institutional investors held IDT Corp (IDT) as of Q2 2021, up from 78 in Q1 2021.
- Funds reported $344M of IDT Corp stock for Q2 2021, up 57% quarter-over-quarter.
- 25 funds opened new IDT Corp positions in Q2 2021 and 12 closed out, a net change of +13 holders.
- The largest IDT Corp buyer in Q2 2021 was J. Goldman & Co, an estimated $2.51M added.
- The largest IDT Corp seller in Q2 2021 was Foundry Partners, an estimated $4.56M sold.
Based on aggregated 13F filings for Q2 2021.