IDT Corp
128 hedge funds and large institutions have $386M invested in IDT Corp in 2023 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 48 increasing their positions, 33 reducing their positions, and 12 closing their positions.
87% more call options, than puts
Call options by funds: $2.22M | Put options by funds: $1.19M
75% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 12
45% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 33
45% more capital invested
Capital invested by funds: $266M → $386M (+$120M)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
8% more funds holding
Funds holding: 119 → 128 (+9)
3% more ownership
Funds ownership: 44.6% → 47.6% (+3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCG
Newport Capital Group
Red Bank,
New Jersey
|
+$18.8M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$4.88M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$2.36M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$1.55M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AFCM
Alta Fox Capital Management
Fort Worth,
Texas
|
-$4.16M |
| 2 |
KBG
Kahn Brothers Group
New York
|
-$3.16M |
| 3 |
Millennium Management
New York
|
-$2.02M |
| 4 |
JGC
J. Goldman & Co
New York
|
-$1.71M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$1.45M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PA
126
Parallel Advisors
San Francisco,
California
| $852 | -$893 | -29 | -54% |
|
|
QC
127
Quent Capital
New York
| $732 | – | – | – |
|
|
EI
128
Ellevest Inc
New York
| $136 | – | – | – |
|
|
LF
129
Lee Financial
Dallas,
Texas
| $35 | – | – | – |
|
|
JGC
130
J. Goldman & Co
New York
| – | -$1.71M | -60,752 | Closed |
|
|
131
Norges Bank
Oslo,
Norway
| – | -$1.45M | -51,500 | Closed |
|
|
EWM
132
Evergreen Wealth Management
Williamston,
Michigan
| – | -$1.39M | -49,358 | Closed |
|
133
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
| – | -$1.17M | -41,634 | Closed |
|
|
DTL
134
Dynamic Technology Lab
Singapore
| – | -$771K | -27,370 | Closed |
|
|
DC
135
Diametric Capital
Boston,
Massachusetts
| – | -$509K | -18,063 | Closed |
|
136
Squarepoint
New York
| – | -$381K | -13,514 | Closed |
|
137
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$31K | -1,100 | Closed |
|
138
Simplex Trading
Chicago,
Illinois
| – | -$8.03K | -261 | Closed |
|
|
IA
139
IFP Advisors
Tampa,
Florida
| – | -$1K | -200 | Closed |
|
|
PMEF
140
Point72 Middle East FZE
Dubai,
United Arab Emirates
| – | -$338 | -12 | Closed |
|
IDT Hedge Fund Activity: Q1 2023 in Review
128 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in IDT Corp (IDT) for Q1 2023, worth a combined $386M — up 45% from $266M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new IDT positions and 12 closed out — a net gain of 9 holders — while 48 added to existing stakes and 33 trimmed.
The largest buyer was Newport Capital Group, opening a new position worth an estimated $18.8M. The largest seller was Alta Fox Capital Management, cutting an estimated $4.16M.
- 128 institutional investors held IDT Corp (IDT) as of Q1 2023, up from 119 in Q4 2022.
- Funds reported $386M of IDT Corp stock for Q1 2023, up 45% quarter-over-quarter.
- 21 funds opened new IDT Corp positions in Q1 2023 and 12 closed out, a net change of +9 holders.
- The largest IDT Corp buyer in Q1 2023 was Newport Capital Group, an estimated $18.8M added.
- The largest IDT Corp seller in Q1 2023 was Alta Fox Capital Management, an estimated $4.16M sold.
Based on aggregated 13F filings for Q1 2023.