Iridium Communications
IRDM
256 hedge funds and large institutions have $2.56B invested in Iridium Communications in 2019 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 92 increasing their positions, 66 reducing their positions, and 23 closing their positions.
104% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 23
44% more capital invested
Capital invested by funds: $1.77B → $2.56B (+$789M)
39% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 66
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
10% more funds holding
Funds holding: 233 → 256 (+23)
1.31% less ownership
Funds ownership: 86.85% → 85.54% (-1.3%)
84% less call options, than puts
Call options by funds: $11.5M | Put options by funds: $72.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$30.8M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$24.6M |
| 3 |
Renaissance Technologies
New York
|
+$7.11M |
| 4 |
DS
Dudley & Shanley
Palm Beach,
Florida
|
+$6.5M |
| 5 |
BlackRock
New York
|
+$2.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
-$13.1M |
| 2 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$9.59M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
-$8.77M |
| 4 |
BC
Brahman Capital
New York
|
-$8.32M |
| 5 |
CCM
Cloverdale Capital Management
Dallas,
Texas
|
-$7.99M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PWMG
276
Prestige Wealth Management Group
Flemington,
New Jersey
| – | -$3K | -161 | Closed |
|
277
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$3K | -155 | Closed |
|
IRDM Hedge Fund Activity: Q1 2019 in Review
256 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q1 2019, worth a combined $2.56B — up 44% from $1.77B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new IRDM positions and 23 closed out — a net gain of 24 holders — while 92 added to existing stakes and 66 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $30.8M. The largest seller was Glenmede Trust, cutting an estimated $13.1M.
- 256 institutional investors held Iridium Communications (IRDM) as of Q1 2019, up from 233 in Q4 2018.
- Funds reported $2.56B of Iridium Communications stock for Q1 2019, up 44% quarter-over-quarter.
- 47 funds opened new Iridium Communications positions in Q1 2019 and 23 closed out, a net change of +24 holders.
- The largest Iridium Communications buyer in Q1 2019 was T. Rowe Price Associates, an estimated $30.8M added.
- The largest Iridium Communications seller in Q1 2019 was Glenmede Trust, an estimated $13.1M sold.
Based on aggregated 13F filings for Q1 2019.