Iridium Communications
IRDM
330 hedge funds and large institutions have $2.71B invested in Iridium Communications in 2024 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 141 increasing their positions, 107 reducing their positions, and 57 closing their positions.
369% more call options, than puts
Call options by funds: $36.9M | Put options by funds: $7.85M
32% more repeat investments, than reductions
Existing positions increased: 141 | Existing positions reduced: 107
0.47% more ownership
Funds ownership: 84.09% → 84.56% (+0.47%)
4% less funds holding
Funds holding: 345 → 330 (-15)
23% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 57
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
37% less capital invested
Capital invested by funds: $4.29B → $2.71B (-$1.57B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$60.7M |
| 2 |
D.E. Shaw & Co
New York
|
+$27.2M |
| 3 |
SHCM
Silver Heights Capital Management
Toronto,
Ontario, Canada
|
+$26.8M |
| 4 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$19.3M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$18.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$305M |
| 2 |
BAMCO Inc
New York
|
-$69M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$25.1M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$18.3M |
| 5 |
DS
Dudley & Shanley
Palm Beach,
Florida
|
-$16.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PWMAG
376
Pinnacle Wealth Management Advisory Group
Red Bank,
New Jersey
| – | -$201K | -4,875 | Closed |
|
|
PMEF
377
Point72 Middle East FZE
Dubai,
United Arab Emirates
| – | -$140K | -3,409 | Closed |
|
|
OP
378
ORG Partners
Roanoke,
Indiana
| – | -$132K | -3,216 | Closed |
|
|
ASN
379
Advisory Services Network
Atlanta,
Georgia
| – | -$70.3K | -1,707 | Closed |
|
|
WTG
380
West Tower Group
Richmond,
Virginia
| – | -$26.8K | -651 | Closed |
|
|
NFA
381
Northwest Financial Advisors
Herndon,
Virginia
| – | -$25.5K | -620 | Closed |
|
|
AA
382
Ancora Advisors
Cleveland,
Ohio
| – | -$14.8K | -360 | Closed |
|
|
AI
383
AXS Investments
Port Chester,
New York
| – | -$2.88K | -70 | Closed |
|
|
GWS
384
Glassman Wealth Services
Vienna,
Virginia
| – | -$2.55K | -62 | Closed |
|
|
RTL
385
Red Tortoise LLC
Atlanta,
Georgia
| – | -$2.1K | -51 | Closed |
|
386
AssetMark Inc
Concord,
California
| – | -$123 | -3 | Closed |
|
387
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$41 | -1 | Closed |
|
IRDM Hedge Fund Activity: Q1 2024 in Review
330 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q1 2024, worth a combined $2.71B — down 37% from $4.29B a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of IRDM and 44 opened new positions — a net loss of 13 holders — while 107 trimmed existing stakes and 141 added.
The largest buyer was Citadel Advisors, adding an estimated $60.7M. The largest seller was Capital International Investors, exiting entirely with an estimated $305M sold.
- 330 institutional investors held Iridium Communications (IRDM) as of Q1 2024, down from 345 in Q4 2023.
- Funds reported $2.71B of Iridium Communications stock for Q1 2024, down 37% quarter-over-quarter.
- 44 funds opened new Iridium Communications positions in Q1 2024 and 57 closed out, a net change of -13 holders.
- The largest Iridium Communications buyer in Q1 2024 was Citadel Advisors, an estimated $60.7M added.
- The largest Iridium Communications seller in Q1 2024 was Capital International Investors, an estimated $305M sold.
Based on aggregated 13F filings for Q1 2024.