Iridium Communications
IRDM
372 hedge funds and large institutions have $6.54B invested in Iridium Communications in 2023 Q1 according to their latest regulatory filings, with 54 funds opening new positions, 120 increasing their positions, 135 reducing their positions, and 43 closing their positions.
120% more call options, than puts
Call options by funds: $34.2M | Put options by funds: $15.6M
26% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 43
25% more capital invested
Capital invested by funds: $5.24B → $6.54B (+$1.3B)
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
2% more funds holding
Funds holding: 365 → 372 (+7)
0.52% more ownership
Funds ownership: 83.07% → 83.6% (+0.52%)
11% less repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 135
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$57.3M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$27.3M |
| 3 |
BSA
Braun Stacey Associates
New York
|
+$26.2M |
| 4 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
+$19.2M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$15.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$42.6M |
| 2 |
Man Group
London,
United Kingdom
|
-$32M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$31.1M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$27.7M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$20.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DFCM
401
Dark Forest Capital Management
San Juan,
Puerto Rico
| – | -$28.8K | -560 | Closed |
|
|
NA
402
NewEdge Advisors
New Orleans,
Louisiana
| – | -$25.4K | -494 | Closed |
|
|
MCC
403
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$17K | -331 | Closed |
|
|
LJHT
404
Laurie J. Hall Trustee
| – | -$14K | -275 | Closed |
|
|
TC
405
Truvestments Capital
Sarasota,
Florida
| – | -$13.6K | -265 | Closed |
|
|
CS
406
Comerica Securities
Detroit,
Michigan
| – | -$4.11K | -80 | Closed |
|
|
MDCM
407
Morgan Dempsey Capital Management
Menomonee Falls,
Wisconsin
| – | -$3.96K | -77 | Closed |
|
|
BHWM
408
Beaird Harris Wealth Management
Dallas,
Texas
| – | -$2.31K | -45 | Closed |
|
|
AWM
409
Accurate Wealth Management
Wesley Chapel,
Florida
| – | -$1.26K | -21 | Closed |
|
|
SWA
410
Sutton Wealth Advisors
Tampa,
Florida
| – | -$925 | -18 | Closed |
|
|
RBC
411
Romano Brothers & Co
Evanston,
Illinois
| – | -$514 | -10 | Closed |
|
|
EE
412
EWG Elevate
Roseville,
California
| – | -$411 | -8 | Closed |
|
413
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | +$180 | +3 | New |
|
IRDM Hedge Fund Activity: Q1 2023 in Review
372 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q1 2023, worth a combined $6.54B — up 25% from $5.24B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new IRDM positions and 43 closed out — a net gain of 11 holders — while 120 added to existing stakes and 135 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $57.3M. The largest seller was BlackRock, cutting an estimated $42.6M.
- 372 institutional investors held Iridium Communications (IRDM) as of Q1 2023, up from 365 in Q4 2022.
- Funds reported $6.54B of Iridium Communications stock for Q1 2023, up 25% quarter-over-quarter.
- 54 funds opened new Iridium Communications positions in Q1 2023 and 43 closed out, a net change of +11 holders.
- The largest Iridium Communications buyer in Q1 2023 was Citadel Advisors, an estimated $57.3M added.
- The largest Iridium Communications seller in Q1 2023 was BlackRock, an estimated $42.6M sold.
Based on aggregated 13F filings for Q1 2023.