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Iridium Communications
IRDM

170 hedge funds and large institutions have $763M invested in Iridium Communications in 2016 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 58 increasing their positions, 65 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 11

1% more funds holding

Funds holding: 168 → 170 (+2)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

6% less capital invested

Capital invested by funds: $812M → $763M (-$49.8M)

11% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 65

66% less call options, than puts

Call options by funds: $1.04M | Put options by funds: $3.06M

Holders
170
Holders Change
+2
Holders Change %
+1.19%
% of All Funds
4.54%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
15
Increased
58
Reduced
65
Closed
11
Calls
$1.04M
Puts
$3.06M
Net Calls
-$2.02M
Net Calls Change
-$3.51M

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$26M
2
Capital World Investors
Capital World Investors
California
+$7.87M
3
BFA
BlackRock Fund Advisors
California
+$4.27M
4
Boston Partners
Boston Partners
Massachusetts
+$3.24M
5
VBA
Van Berkom & Associates
Quebec, Canada
+$2.54M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$8.5M
2
RA
Royce & Associates
New York
-$5.57M
3
Franklin Resources
Franklin Resources
California
-$4.48M
4
GT
Glenmede Trust
Pennsylvania
-$3.16M
5
Invesco
Invesco
Georgia
-$1.95M
Name Holding Trade Value Shares
Change 		Change in
Stake
California Public Employees Retirement System
26
California Public Employees Retirement System
California
$4.85M -$371K -44,200 -7%
Principal Financial Group
27
Principal Financial Group
Iowa
$4.85M +$89.2K +10,639 +2%
RJFSA
28
Raymond James Financial Services Advisors
Florida
$4.82M -$210K -25,034 -4%
Geode Capital Management
29
Geode Capital Management
Massachusetts
$4.76M +$55.6K +6,623 +1%
IMIM
30
Irving Magee Investment Management
Pennsylvania
$4.65M – – –
Stifel Financial
31
Stifel Financial
Missouri
$4.19M -$74.3K -8,859 -2%
Charles Schwab
32
Charles Schwab
California
$4.1M +$258K +30,731 +6%
William Blair & Company
33
William Blair & Company
Illinois
$3.61M +$29.3K +3,488 +0.8%
WA
34
WealthTrust Axiom
Pennsylvania
$3.28M +$57.9K +6,900 +2%
Ameriprise
35
Ameriprise
Minnesota
$3.25M +$52K +6,202 +2%
BGIM
36
Brandywine Global Investment Management
Pennsylvania
$3.2M -$49.5K -5,900 -1%
Boston Partners
37
Boston Partners
Massachusetts
$3.13M +$3.24M +386,210 New
BIM
38
BlackRock Investment Management
Delaware
$3.08M +$45.6K +5,435 +1%
DMK
39
David M. Knott
$2.74M -$16.8K -2,000 -0.6%
Wells Fargo
40
Wells Fargo
California
$2.63M -$8.5M -1,012,876 -76%
GC
41
Guggenheim Capital
Illinois
$2.59M +$48K +5,719 +2%
PI
42
Putnam Investments
Massachusetts
$2.5M -$511K -60,964 -16%
EAM
43
Eagle Asset Management
Florida
$2.33M +$862K +102,721 +56%
CS
44
Credit Suisse
Switzerland
$2.31M +$1.3M +154,862 +119%
Bank of America
45
Bank of America
North Carolina
$2.18M -$142K -16,940 -6%
Brown Advisory
46
Brown Advisory
Maryland
$1.76M -$18.9K -2,250 -1%
Lazard Asset Management
47
Lazard Asset Management
New York
$1.63M – – –
TA
48
Teachers Advisors
New York
$1.62M – – –
Morgan Stanley
49
Morgan Stanley
New York
$1.45M +$936K +111,546 +166%
Macquarie Group
50
Macquarie Group
Australia
$1.44M -$1.49M -178,100 -50%
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IRDM Hedge Fund Activity: Q3 2016 in Review

170 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q3 2016, worth a combined $763M — down 6.1% from $812M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new IRDM positions and 11 closed out — a net gain of 4 holders — while 58 added to existing stakes and 65 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $26M. The largest seller was Wells Fargo, cutting an estimated $8.5M.

  • 170 institutional investors held Iridium Communications (IRDM) as of Q3 2016, up from 168 in Q2 2016.
  • Funds reported $763M of Iridium Communications stock for Q3 2016, down 6.1% quarter-over-quarter.
  • 15 funds opened new Iridium Communications positions in Q3 2016 and 11 closed out, a net change of +4 holders.
  • The largest Iridium Communications buyer in Q3 2016 was Fidelity Investments, an estimated $26M added.
  • The largest Iridium Communications seller in Q3 2016 was Wells Fargo, an estimated $8.5M sold.

Based on aggregated 13F filings for Q3 2016.