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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
248
Holders Change
-3
Holders Change %
-1.2%
% of All Funds
5.09%
Holding in Top 10
6
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-25%
% of All Funds
0.12%
New
33
Increased
89
Reduced
79
Closed
34
Calls
$15.2M
Puts
$8.65M
Net Calls
+$6.53M
Net Calls Change
+$13.2M

Top Buyers

1
AIM
ARK Investment Management
Florida
+$38.3M
2
BlackRock
BlackRock
New York
+$24.5M
3
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
+$19.6M
4
NAMA
Nikko Asset Management Americas
New York
+$19.6M
5
MAM
Martingale Asset Management
Massachusetts
+$4.58M

Top Sellers

1
Select Equity Group
Select Equity Group
New York
-$26.2M
2
Goldman Sachs
Goldman Sachs
New York
-$15.4M
3
Northern Trust
Northern Trust
Illinois
-$8.44M
4
Renaissance Technologies
Renaissance Technologies
New York
-$6.93M
5
BC
Brahman Capital
New York
-$6.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
276
Advisory Alpha
Michigan
– -$2.11K -89 Closed
FGAM
277
Financial Gravity Asset Management
Texas
– -$1.79K -80 Closed
CCA
278
Column Capital Advisors
Indiana
– -$1K -44 Closed
LC
279
Lindbrook Capital
California
– -$1K -43 Closed
WT
280
Whittier Trust
California
– -$1K -42 Closed
8 9 10 11
12

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.