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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
RAM
276
Riggs Asset Management
Pennsylvania
$14.1K +$11.4K +406 +333%
CA
277
CoreCap Advisors
Michigan
$13.7K – – –
IFAM
278
Institutional & Family Asset Management
Colorado
$13.6K +$56 +2 +0.4%
CIBC Private Wealth Group
279
CIBC Private Wealth Group
Georgia
$13.3K -$2K -71 -12%
CAL
280
Capital Advisors Ltd
Ohio
$13K +$12.8K +456 +1,900%
SAM
281
Smartleaf Asset Management
Massachusetts
$11.1K +$11.4K +404 +4,489%
Bessemer Group
282
Bessemer Group
New Jersey
$11K -$7.08M -251,551 -100%
LOIM
283
Liberty One Investment Management
Illinois
$11K +$422 +15 +4%
TSMHT
284
Thurston Springer Miller Herd & Titak
Indiana
$10.8K +$11.4K +405 New
CFM
285
Catalyst Funds Management
Australia
$10.6K +$11.3K +400 New
UB
286
UMB Bank
Missouri
$10.4K +$3.83K +136 +53%
CA
287
Continuum Advisory
Idaho
$9.58K -$591 -21 -6%
C
288
Covestor
United Kingdom
$9K -$40.5K -1,439 -80%
LFG
289
Larson Financial Group
Missouri
$8.07K – – –
MPWT
290
MassMutual Private Wealth & Trust
Connecticut
$8.01K +$4.14K +147 +95%
TWC
291
TD Waterhouse Canada
Ontario, Canada
$7.96K – – –
FHA
292
First Horizon Advisors
Tennessee
$7.85K -$2.14K -76 -20%
EWA
293
EverSource Wealth Advisors
Alabama
$7.12K – – –
PFBT
294
Parkside Financial Bank & Trust
Missouri
$6.58K +$3.58K +127 +106%
IA
295
IFP Advisors
Florida
$6.1K +$3.63K +129 +129%
BAM
296
Byrne Asset Management
New Jersey
$6.03K +$6.33K +225 New
ST
297
Smithfield Trust
Pennsylvania
$6K – – –
VNA
298
Valley National Advisers
Pennsylvania
$6K +$1.27K +45 +23%
PWMG
299
Prestige Wealth Management Group
New Jersey
$5.64K +$1.44K +51 +32%
AWM
300
Avior Wealth Management
Nebraska
$5.62K – – –
10 11
12
13 14

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.