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Iridium Communications
IRDM

170 hedge funds and large institutions have $782M invested in Iridium Communications in 2015 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 68 increasing their positions, 52 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more call options, than puts

Call options by funds: $1.56M | Put options by funds: $1.15M

31% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 52

17% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 18

2% more funds holding

Funds holding: 167 → 170 (+3)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less capital invested

Capital invested by funds: $797M → $782M (-$15.1M)

Holders
170
Holders Change
+3
Holders Change %
+1.8%
% of All Funds
4.58%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
21
Increased
68
Reduced
52
Closed
18
Calls
$1.56M
Puts
$1.15M
Net Calls
+$404K
Net Calls Change
-$776K

Top Buyers

1
GT
Glenmede Trust
Pennsylvania
+$28.2M
2
PIMJS
PKO Investment Management Joint-Stock
Poland
+$5.54M
3
WC
Wynnefield Capital
New York
+$5.05M
4
RFC
Russell Frank Company
Washington
+$4.37M
5
First Trust Advisors
First Trust Advisors
Illinois
+$3.67M

Top Sellers

1
RA
Royce & Associates
New York
-$4.47M
2
VBA
Van Berkom & Associates
Quebec, Canada
-$3.81M
3
BFA
BlackRock Fund Advisors
California
-$3.51M
4
Boston Partners
Boston Partners
Massachusetts
-$2.1M
5
ACH
ArrowMark Colorado Holdings
Colorado
-$1.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
26
Fidelity Investments
Massachusetts
$7.62M +$979K +95,200 +13%
ECP
27
Elk Creek Partners
Colorado
$6.62M +$124K +12,020 +2%
WC
28
Wynnefield Capital
New York
$5.91M +$5.05M +490,703 +308%
California Public Employees Retirement System
29
California Public Employees Retirement System
California
$5.38M -$376K -36,576 -6%
Geode Capital Management
30
Geode Capital Management
Massachusetts
$4.75M +$201K +19,536 +4%
LCM
31
Leonard Capital Management
Florida
$4.62M – – –
Principal Financial Group
32
Principal Financial Group
Iowa
$4.53M -$59.3K -5,770 -1%
PPA
33
Parametric Portfolio Associates
Washington
$4.44M +$1.15M +111,691 +30%
Stifel Financial
34
Stifel Financial
Missouri
$4.34M -$1.08M -104,565 -18%
William Blair & Company
35
William Blair & Company
Illinois
$4.3M +$757K +73,651 +18%
BCM
36
Bridgeway Capital Management
Texas
$4.17M – – –
UCFA
37
United Capital Financial Advisors
Texas
$4M +$753K +73,233 +20%
IMIM
38
Irving Magee Investment Management
Pennsylvania
$3.99M – – –
Envestnet Asset Management
39
Envestnet Asset Management
Illinois
$3.99M +$744K +72,400 +20%
BGIM
40
Brandywine Global Investment Management
Pennsylvania
$3.89M +$254K +24,700 +6%
TCIM
41
TIAA CREF Investment Management
New York
$3.59M -$684K -66,525 -14%
First Trust Advisors
42
First Trust Advisors
Illinois
$3.42M +$3.67M +356,517 +1,771%
Ameriprise
43
Ameriprise
Minnesota
$3.39M +$73.6K +7,163 +2%
DMK
44
David M. Knott
$3.09M – – –
BIM
45
BlackRock Investment Management
Delaware
$3.09M +$388K +37,749 +12%
Axa
46
Axa
France
$2.8M +$735K +71,450 +30%
GC
47
Guggenheim Capital
Illinois
$2.77M +$985K +95,807 +46%
WA
48
WealthTrust Axiom
Pennsylvania
$2.64M +$305K +29,700 +11%
New York State Common Retirement Fund
49
New York State Common Retirement Fund
New York
$2.4M +$1.15M +111,916 +73%
Charles Schwab
50
Charles Schwab
California
$2.39M +$330K +32,141 +14%
1
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3 4 5

IRDM Hedge Fund Activity: Q2 2015 in Review

170 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q2 2015, worth a combined $782M — down 1.9% from $797M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new IRDM positions and 18 closed out — a net gain of 3 holders — while 68 added to existing stakes and 52 trimmed.

The largest buyer was Glenmede Trust, opening a new position worth an estimated $28.2M. The largest seller was Royce & Associates, cutting an estimated $4.47M.

  • 170 institutional investors held Iridium Communications (IRDM) as of Q2 2015, up from 167 in Q1 2015.
  • Funds reported $782M of Iridium Communications stock for Q2 2015, down 1.9% quarter-over-quarter.
  • 21 funds opened new Iridium Communications positions in Q2 2015 and 18 closed out, a net change of +3 holders.
  • The largest Iridium Communications buyer in Q2 2015 was Glenmede Trust, an estimated $28.2M added.
  • The largest Iridium Communications seller in Q2 2015 was Royce & Associates, an estimated $4.47M sold.

Based on aggregated 13F filings for Q2 2015.