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Iridium Communications
IRDM

343 hedge funds and large institutions have $2.69B invested in Iridium Communications in 2024 Q2 according to their latest regulatory filings, with 55 funds opening new positions, 116 increasing their positions, 129 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

230% more call options, than puts

Call options by funds: $39.1M | Put options by funds: $11.9M

41% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 39

4% more funds holding

Funds holding: 330 → 343 (+13)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1% less capital invested

Capital invested by funds: $2.71B → $2.69B (-$18.8M)

1.19% less ownership

Funds ownership: 84.56% → 83.37% (-1.2%)

10% less repeat investments, than reductions

Existing positions increased: 116 | Existing positions reduced: 129

Holders
343
Holders Change
+13
Holders Change %
+3.94%
% of All Funds
4.95%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
55
Increased
116
Reduced
129
Closed
39
Calls
$39.1M
Puts
$11.9M
Net Calls
+$27.3M
Net Calls Change
-$1.73M

Top Buyers

1
Victory Capital Management
Victory Capital Management
Texas
+$44.3M
2
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$34.3M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$17.4M
4
Barclays
Barclays
United Kingdom
+$15.4M
5
CCPM
Cooper Creek Partners Management
New York
+$13.4M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$35.8M
2
ClearBridge Investments
ClearBridge Investments
New York
-$26.7M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$25.2M
4
Millennium Management
Millennium Management
New York
-$24.8M
5
Select Equity Group
Select Equity Group
New York
-$23.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
LSA
251
Leonteq Securities AG
Switzerland
$49.7K +$5.41K +192 +11%
S
252
SignatureFD
Georgia
$48.5K +$23.4K +830 +84%
Fifth Third Bancorp
253
Fifth Third Bancorp
Ohio
$46.2K +$37.3K +1,324 +322%
IAIM
254
International Assets Investment Management
Florida
$45.3K +$47.9K +1,700 New
MCM
255
Manchester Capital Management
Vermont
$44.5K +$47K +1,670 New
BWP
256
Baldwin Wealth Partners
Massachusetts
$42.6K – – –
PH
257
Pinnacle Holdings
Oklahoma
$40.7K – – –
TFIPS
258
Towarzystwo Funduszy Inwestycyjnych PZU SA
$39.9K – – –
BTI
259
Blue Trust Inc
Georgia
$39K +$22K +780 +110%
GLR
260
Great Lakes Retirement
Ohio
$38.4K +$40.7K +1,444 New
HNB
261
Huntington National Bank
Ohio
$34.2K -$19.8K -703 -35%
AF
262
Allworth Financial
California
$31.8K +$20.8K +740 +150%
MG
263
Mather Group
Illinois
$31.8K +$34.2K +1,214 New
PHK
264
Point72 Hong Kong
Hong Kong
$30.7K -$63.3K -2,248 -66%
SPIA
265
Steward Partners Investment Advisory
New York
$27.2K +$9.86K +350 +52%
Allspring Global Investments
266
Allspring Global Investments
North Carolina
$26.9K +$28.1K +999 +7,685%
HIA
267
Harbor Investment Advisory
Maryland
$26.8K +$225 +8 +0.8%
SWM
268
Spire Wealth Management
Virginia
$26.6K -$95.4K -3,388 -77%
KFS
269
Kelly Financial Services
Massachusetts
$23.2K – – –
CI Investments Inc
270
CI Investments Inc
Ontario, Canada
$18K -$5.97K -212 -24%
IGWM
271
ICA Group Wealth Management
Colorado
$17.1K – – –
FDCDDQ
272
Federation des caisses Desjardins du Quebec
Quebec, Canada
$16.9K – – –
LC
273
Lindbrook Capital
California
$16.3K +$1.89K +67 +12%
RA
274
Rise Advisors
New York
$15.2K +$169 +6 +1%
PS
275
Principal Securities
Iowa
$14.6K +$6.39K +227 +71%
9 10
11
12 13

IRDM Hedge Fund Activity: Q2 2024 in Review

343 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q2 2024, worth a combined $2.69B — down 0.69% from $2.71B a quarter earlier.

Buyers outnumbered sellers: 55 funds opened new IRDM positions and 39 closed out — a net gain of 16 holders — while 116 added to existing stakes and 129 trimmed.

The largest buyer was Victory Capital Management, adding an estimated $44.3M. The largest seller was Citadel Advisors, cutting an estimated $35.8M.

  • 343 institutional investors held Iridium Communications (IRDM) as of Q2 2024, up from 330 in Q1 2024.
  • Funds reported $2.69B of Iridium Communications stock for Q2 2024, down 0.69% quarter-over-quarter.
  • 55 funds opened new Iridium Communications positions in Q2 2024 and 39 closed out, a net change of +16 holders.
  • The largest Iridium Communications buyer in Q2 2024 was Victory Capital Management, an estimated $44.3M added.
  • The largest Iridium Communications seller in Q2 2024 was Citadel Advisors, an estimated $35.8M sold.

Based on aggregated 13F filings for Q2 2024.