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Iridium Communications
IRDM

167 hedge funds and large institutions have $797M invested in Iridium Communications in 2015 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 61 increasing their positions, 42 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

342% more call options, than puts

Call options by funds: $1.52M | Put options by funds: $345K

58% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 24

45% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 42

13% more capital invested

Capital invested by funds: $703M → $797M (+$94.3M)

8% more funds holding

Funds holding: 154 → 167 (+13)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
167
Holders Change
+13
Holders Change %
+8.44%
% of All Funds
4.45%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
38
Increased
61
Reduced
42
Closed
24
Calls
$1.52M
Puts
$345K
Net Calls
+$1.18M
Net Calls Change
+$63K

Top Buyers

1
Invesco
Invesco
Georgia
+$33M
2
BFA
BlackRock Fund Advisors
California
+$26.9M
3
Prudential Financial
Prudential Financial
New Jersey
+$9.5M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$9.2M
5
Bank of New York Mellon
Bank of New York Mellon
New York
+$5.25M

Top Sellers

1
PI
Putnam Investments
Massachusetts
-$5.53M
2
NIP
Nicholas Investment Partners
California
-$4.71M
3
EI
EAM Investors
California
-$3.55M
4
Boston Partners
Boston Partners
Massachusetts
-$2.99M
5
OAM
Oxford Asset Management
United Kingdom
-$2.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
51
Guggenheim Capital
Illinois
$2.03M +$263K +28,262 +16%
Deutsche Bank
52
Deutsche Bank
Germany
$1.86M +$622K +66,726 +53%
TA
53
Teachers Advisors
New York
$1.78M +$33.5K +3,595 +2%
WC
54
Wynnefield Capital
New York
$1.55M +$1.48M +159,297 New
New York State Common Retirement Fund
55
New York State Common Retirement Fund
New York
$1.48M +$1.42M +152,290 New
Public Sector Pension Investment Board (PSP Investments)
56
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.44M +$1.38M +148,610 New
California State Teachers Retirement System (CalSTRS)
57
California State Teachers Retirement System (CalSTRS)
California
$1.43M -$14.9K -1,600 -1%
Goldman Sachs
58
Goldman Sachs
New York
$1.37M +$1.17M +125,368 +805%
KBC Group
59
KBC Group
Belgium
$1.33M +$1.28M +137,027 New
SIM
60
Sterling Investment Management
Arizona
$1.3M -$61K -6,551 -5%
Allianz Asset Management
61
Allianz Asset Management
Germany
$1.24M +$47.5K +5,098 +4%
Bank of America
62
Bank of America
North Carolina
$1.2M +$699K +75,036 +154%
Morgan Stanley
63
Morgan Stanley
New York
$1.16M -$253K -27,142 -19%
QI
64
QS Investors
New York
$1.13M – – –
BTS
65
BB&T Securities
Virginia
$1.12M – – –
RhumbLine Advisers
66
RhumbLine Advisers
Massachusetts
$1.1M +$124K +13,300 +13%
FWIA
67
Fort Washington Investment Advisors
Ohio
$1.05M -$15.8K -1,700 -2%
AllianceBernstein
68
AllianceBernstein
Tennessee
$958K – – –
AQR Capital Management
69
AQR Capital Management
Connecticut
$948K +$188K +20,153 +26%
AC
70
Avenir Corporation
Virginia
$918K -$7.45K -800 -0.8%
PH
71
Pinnacle Holdings
Oklahoma
$887K -$5.83K -626 -0.7%
Swiss National Bank
72
Swiss National Bank
Switzerland
$877K – – –
SO
73
STRS Ohio
Ohio
$877K +$10.2K +1,100 +1%
IAM
74
Integre Asset Management
New York
$829K +$47.8K +5,126 +6%
CS
75
Credit Suisse
Switzerland
$814K -$739K -79,308 -49%
1 2
3
4 5

IRDM Hedge Fund Activity: Q1 2015 in Review

167 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q1 2015, worth a combined $797M — up 13% from $703M a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new IRDM positions and 24 closed out — a net gain of 14 holders — while 61 added to existing stakes and 42 trimmed.

The largest buyer was Invesco, adding an estimated $33M. The largest seller was Putnam Investments, cutting an estimated $5.53M.

  • 167 institutional investors held Iridium Communications (IRDM) as of Q1 2015, up from 154 in Q4 2014.
  • Funds reported $797M of Iridium Communications stock for Q1 2015, up 13% quarter-over-quarter.
  • 38 funds opened new Iridium Communications positions in Q1 2015 and 24 closed out, a net change of +14 holders.
  • The largest Iridium Communications buyer in Q1 2015 was Invesco, an estimated $33M added.
  • The largest Iridium Communications seller in Q1 2015 was Putnam Investments, an estimated $5.53M sold.

Based on aggregated 13F filings for Q1 2015.