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Iridium Communications
IRDM

264 hedge funds and large institutions have $2.65B invested in Iridium Communications in 2019 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 79 increasing their positions, 77 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 27

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

26% more capital invested

Capital invested by funds: $2.11B → $2.65B (+$538M)

4% more funds holding

Funds holding: 254 → 264 (+10)

2.88% more ownership

Funds ownership: 79.04% → 81.92% (+2.9%)

3% more repeat investments, than reductions

Existing positions increased: 79 | Existing positions reduced: 77

28% less call options, than puts

Call options by funds: $6.65M | Put options by funds: $9.3M

Holders
264
Holders Change
+10
Holders Change %
+3.94%
% of All Funds
5.2%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.14%
New
44
Increased
79
Reduced
77
Closed
27
Calls
$6.65M
Puts
$9.3M
Net Calls
-$2.65M
Net Calls Change
+$20.2M

Top Buyers

1
Select Equity Group
Select Equity Group
New York
+$45.3M
2
ClearBridge Investments
ClearBridge Investments
New York
+$27.5M
3
BC
Brahman Capital
New York
+$23.4M
4
BAMCO Inc
BAMCO Inc
New York
+$14M
5
Goldman Sachs
Goldman Sachs
New York
+$12.6M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$18.3M
2
BCM
Bridgeway Capital Management
Texas
-$14.2M
3
SHCM
Silver Heights Capital Management
Ontario, Canada
-$12.7M
4
Renaissance Technologies
Renaissance Technologies
New York
-$8.46M
5
ECP
Elk Creek Partners
Colorado
-$6.99M
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
51
Ancora Advisors
Ohio
$4.8M +$33.1K +1,380 +0.7%
GF
52
Gabelli Funds
New York
$4.41M -$24K -1,000 -0.6%
Prudential Financial
53
Prudential Financial
New Jersey
$3.98M +$42.2K +1,763 +1%
Deutsche Bank
54
Deutsche Bank
Germany
$3.98M +$3.01M +125,442 +347%
Bank of Montreal
55
Bank of Montreal
Ontario, Canada
$3.98M +$136K +5,673 +4%
Squarepoint
56
Squarepoint
New York
$3.84M +$36.8K +1,537 +1%
MCM
57
Matarin Capital Management
New York
$3.82M -$2.7M -112,718 -42%
AllianceBernstein
58
AllianceBernstein
Tennessee
$3.81M +$4.79K +200 +0.1%
California State Teachers Retirement System (CalSTRS)
59
California State Teachers Retirement System (CalSTRS)
California
$3.73M -$73.2K -3,056 -2%
ICM
60
Invenomic Capital Management
Massachusetts
$3.47M +$3.37M +140,819 New
AIM
61
ARK Investment Management
Florida
$3.42M +$1.7M +70,793 +104%
UBS Group
62
UBS Group
Switzerland
$3.38M -$559K -23,337 -15%
Susquehanna International Group
63
Susquehanna International Group
Pennsylvania
$3.19M -$2.72M -113,319 -47%
BNP Paribas Financial Markets
64
BNP Paribas Financial Markets
France
$3.09M +$2.17M +90,694 +260%
UBS AM
65
UBS AM
Illinois
$3.07M +$132K +5,489 +5%
Canada Life
66
Canada Life
Manitoba, Canada
$2.97M +$17K +709 +0.6%
Bank of America
67
Bank of America
North Carolina
$2.8M +$546K +22,791 +25%
CII
68
Capital International Inc
California
$2.61M +$2.54M +105,800 New
Comerica Bank
69
Comerica Bank
Texas
$2.35M +$17.5K +732 +0.8%
State of New Jersey Common Pension Fund D
70
State of New Jersey Common Pension Fund D
New Jersey
$2.32M – – –
VOYA Investment Management
71
VOYA Investment Management
Georgia
$2.25M +$920K +38,407 +73%
New York State Common Retirement Fund
72
New York State Common Retirement Fund
New York
$2.19M -$340K -14,200 -14%
RAM
73
Riggs Asset Management
Pennsylvania
$2.15M -$15.3K -640 -0.7%
GAM
74
Gotham Asset Management
New York
$2.11M +$2.05M +85,621 New
SC
75
Skylands Capital
Wisconsin
$2.02M +$83.9K +3,500 +4%
1 2
3
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IRDM Hedge Fund Activity: Q4 2019 in Review

264 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q4 2019, worth a combined $2.65B — up 26% from $2.11B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new IRDM positions and 27 closed out — a net gain of 17 holders — while 79 added to existing stakes and 77 trimmed.

The largest buyer was Select Equity Group, adding an estimated $45.3M. The largest seller was Fidelity Investments, cutting an estimated $18.3M.

  • 264 institutional investors held Iridium Communications (IRDM) as of Q4 2019, up from 254 in Q3 2019.
  • Funds reported $2.65B of Iridium Communications stock for Q4 2019, up 26% quarter-over-quarter.
  • 44 funds opened new Iridium Communications positions in Q4 2019 and 27 closed out, a net change of +17 holders.
  • The largest Iridium Communications buyer in Q4 2019 was Select Equity Group, an estimated $45.3M added.
  • The largest Iridium Communications seller in Q4 2019 was Fidelity Investments, an estimated $18.3M sold.

Based on aggregated 13F filings for Q4 2019.