Iridium Communications
IRDM
218 hedge funds and large institutions have $2.18B invested in Iridium Communications in 2018 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 81 increasing their positions, 70 reducing their positions, and 20 closing their positions.
65% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 20
38% more capital invested
Capital invested by funds: $1.58B → $2.18B (+$606M)
16% more repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 70
5% more funds holding
Funds holding: 208 → 218 (+10)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
1.01% less ownership
Funds ownership: 88.56% → 87.55% (-1%)
71% less call options, than puts
Call options by funds: $13.5M | Put options by funds: $46.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$61.5M |
| 2 |
BlackRock
New York
|
+$30.5M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$15.7M |
| 4 |
Renaissance Technologies
New York
|
+$13.6M |
| 5 |
BC
Brahman Capital
New York
|
+$8.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$73.9M |
| 2 |
PIMJS
PKO Investment Management Joint-Stock
Warsaw,
Poland
|
-$23.7M |
| 3 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$9.72M |
| 4 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
-$9.17M |
| 5 |
RA
Royce & Associates
New York
|
-$8.45M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TI
226
Trexquant Investment
Stamford,
Connecticut
| – | -$214K | -13,294 | Closed |
|
227
Jane Street
New York
| – | -$172K | -10,706 | Closed |
|
228
Parallax Volatility Advisers
San Francisco,
California
| – | -$171K | -10,607 | Closed |
|
|
WS
229
Wedbush Securities
Los Angeles,
California
| – | -$169K | -10,500 | Closed |
|
230
Walleye Trading
New York
| – | -$166K | -8,557 | Closed |
|
|
AP
231
Advisors Preferred
Rockville,
Maryland
| – | -$127K | -7,860 | Closed |
|
|
STA
232
Summit Trail Advisors
New York
| – | -$85K | -5,294 | Closed |
|
|
CF
233
Centaurus Financial
Anaheim,
California
| – | -$31K | -1,935 | Closed |
|
234
Envestnet Asset Management
Chicago,
Illinois
| – | -$14K | -894 | Closed |
|
|
TRCT
235
Tower Research Capital (TRC)
New York
| – | -$11K | -689 | Closed |
|
|
MIM
236
Macroview Investment Management
Bethesda,
Maryland
| – | -$3K | -203 | Closed |
|
|
HNB
237
Huntington National Bank
Columbus,
Ohio
| – | +$19 | +1 | New |
|
|
CAG
238
Csenge Advisory Group
Clearwater,
Florida
| – | +$583 | +30 | New |
|
IRDM Hedge Fund Activity: Q3 2018 in Review
218 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q3 2018, worth a combined $2.18B — up 38% from $1.58B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new IRDM positions and 20 closed out — a net gain of 13 holders — while 81 added to existing stakes and 70 trimmed.
The largest buyer was Capital International Investors, opening a new position worth an estimated $61.5M. The largest seller was Capital World Investors, cutting an estimated $73.9M.
- 218 institutional investors held Iridium Communications (IRDM) as of Q3 2018, up from 208 in Q2 2018.
- Funds reported $2.18B of Iridium Communications stock for Q3 2018, up 38% quarter-over-quarter.
- 33 funds opened new Iridium Communications positions in Q3 2018 and 20 closed out, a net change of +13 holders.
- The largest Iridium Communications buyer in Q3 2018 was Capital International Investors, an estimated $61.5M added.
- The largest Iridium Communications seller in Q3 2018 was Capital World Investors, an estimated $73.9M sold.
Based on aggregated 13F filings for Q3 2018.