Iridium Communications
IRDM
365 hedge funds and large institutions have $5.24B invested in Iridium Communications in 2022 Q4 according to their latest regulatory filings, with 60 funds opening new positions, 99 increasing their positions, 140 reducing their positions, and 22 closing their positions.
173% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 22
79% more call options, than puts
Call options by funds: $22M | Put options by funds: $12.3M
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
11% more capital invested
Capital invested by funds: $4.73B → $5.24B (+$508M)
10% more funds holding
Funds holding: 331 → 365 (+34)
0.95% less ownership
Funds ownership: 84.03% → 83.07% (-0.95%)
29% less repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 140
Top Buyers
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$24.4M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$13.3M |
| 3 |
Morgan Stanley
New York
|
+$9.5M |
| 4 |
SCM
SG Capital Management
Chicago,
Illinois
|
+$8.59M |
| 5 |
Retirement Systems of Alabama
Montgomery,
Alabama
|
+$7.57M |
Top Sellers
| 1 |
Select Equity Group
New York
|
-$38.6M |
| 2 |
Goldman Sachs
New York
|
-$29.1M |
| 3 |
Millennium Management
New York
|
-$17.2M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$15.1M |
| 5 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
-$13.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SC
376
Scotia Capital
Toronto,
Ontario, Canada
| – | -$270K | -6,089 | Closed |
|
|
JF
377
Jump Financial
Chicago,
Illinois
| – | -$267K | -6,017 | Closed |
|
|
CC
378
Corton Capital
Carrying Place,
Ontario, Canada
| – | -$265K | -5,978 | Closed |
|
|
TC
379
Telemus Capital
Southfield,
Michigan
| – | -$258K | -5,813 | Closed |
|
380
CIBC Asset Management
Toronto,
Ontario, Canada
| – | -$236K | -5,324 | Closed |
|
381
Arrowstreet Capital
Boston,
Massachusetts
| – | -$210K | -4,727 | Closed |
|
|
EP
382
Edgestream Partners
Princeton,
New Jersey
| – | -$202K | -4,546 | Closed |
|
|
CA
383
Crewe Advisors
Salt Lake City,
Utah
| – | -$7K | -159 | Closed |
|
|
MAM
384
Meeder Asset Management
Dublin,
Ohio
| – | -$7K | -152 | Closed |
|
|
RG
385
Retirement Group
San Diego,
California
| – | +$251 | +5 | New |
|
386
CI Investments Inc
Toronto,
Ontario, Canada
| – | +$351 | +7 | New |
|
IRDM Hedge Fund Activity: Q4 2022 in Review
365 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q4 2022, worth a combined $5.24B — up 11% from $4.73B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new IRDM positions and 22 closed out — a net gain of 38 holders — while 99 added to existing stakes and 140 trimmed.
The largest buyer was Macquarie Group, adding an estimated $24.4M. The largest seller was Select Equity Group, cutting an estimated $38.6M.
- 365 institutional investors held Iridium Communications (IRDM) as of Q4 2022, up from 331 in Q3 2022.
- Funds reported $5.24B of Iridium Communications stock for Q4 2022, up 11% quarter-over-quarter.
- 60 funds opened new Iridium Communications positions in Q4 2022 and 22 closed out, a net change of +38 holders.
- The largest Iridium Communications buyer in Q4 2022 was Macquarie Group, an estimated $24.4M added.
- The largest Iridium Communications seller in Q4 2022 was Select Equity Group, an estimated $38.6M sold.
Based on aggregated 13F filings for Q4 2022.