Iridium Communications
IRDM
248 hedge funds and large institutions have $2.85B invested in Iridium Communications in 2020 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 89 increasing their positions, 79 reducing their positions, and 34 closing their positions.
76% more call options, than puts
Call options by funds: $15.2M | Put options by funds: $8.65M
16% more capital invested
Capital invested by funds: $2.46B → $2.85B (+$385M)
13% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 79
1.35% more ownership
Funds ownership: 83.34% → 84.69% (+1.3%)
3% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 34
1% less funds holding
Funds holding: 251 → 248 (-3)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
+$38.3M |
| 2 |
BlackRock
New York
|
+$24.5M |
| 3 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$19.6M |
| 4 |
NAMA
Nikko Asset Management Americas
New York
|
+$19.6M |
| 5 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$4.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
-$26.2M |
| 2 |
Goldman Sachs
New York
|
-$15.4M |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$8.44M |
| 4 |
Renaissance Technologies
New York
|
-$6.93M |
| 5 |
BC
Brahman Capital
New York
|
-$6.04M |
IRDM Hedge Fund Activity: Q2 2020 in Review
248 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q2 2020, worth a combined $2.85B — up 16% from $2.46B a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of IRDM and 33 opened new positions — a net loss of 1 holder — while 79 trimmed existing stakes and 89 added.
The largest buyer was ARK Investment Management, adding an estimated $38.3M. The largest seller was Select Equity Group, cutting an estimated $26.2M.
- 248 institutional investors held Iridium Communications (IRDM) as of Q2 2020, down from 251 in Q1 2020.
- Funds reported $2.85B of Iridium Communications stock for Q2 2020, up 16% quarter-over-quarter.
- 33 funds opened new Iridium Communications positions in Q2 2020 and 34 closed out, a net change of -1 holder.
- The largest Iridium Communications buyer in Q2 2020 was ARK Investment Management, an estimated $38.3M added.
- The largest Iridium Communications seller in Q2 2020 was Select Equity Group, an estimated $26.2M sold.
Based on aggregated 13F filings for Q2 2020.