Iridium Communications
IRDM
343 hedge funds and large institutions have $2.69B invested in Iridium Communications in 2024 Q2 according to their latest regulatory filings, with 55 funds opening new positions, 116 increasing their positions, 129 reducing their positions, and 39 closing their positions.
230% more call options, than puts
Call options by funds: $39.1M | Put options by funds: $11.9M
41% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 39
4% more funds holding
Funds holding: 330 → 343 (+13)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1% less capital invested
Capital invested by funds: $2.71B → $2.69B (-$18.8M)
1.19% less ownership
Funds ownership: 84.56% → 83.37% (-1.2%)
10% less repeat investments, than reductions
Existing positions increased: 116 | Existing positions reduced: 129
Top Buyers
Top Sellers
| 1 |
Citadel Advisors
Miami,
Florida
|
-$35.8M |
| 2 |
ClearBridge Investments
New York
|
-$26.7M |
| 3 |
D.E. Shaw & Co
New York
|
-$25.2M |
| 4 |
Millennium Management
New York
|
-$24.8M |
| 5 |
Select Equity Group
New York
|
-$23.3M |
IRDM Hedge Fund Activity: Q2 2024 in Review
343 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q2 2024, worth a combined $2.69B — down 0.69% from $2.71B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new IRDM positions and 39 closed out — a net gain of 16 holders — while 116 added to existing stakes and 129 trimmed.
The largest buyer was Victory Capital Management, adding an estimated $44.3M. The largest seller was Citadel Advisors, cutting an estimated $35.8M.
- 343 institutional investors held Iridium Communications (IRDM) as of Q2 2024, up from 330 in Q1 2024.
- Funds reported $2.69B of Iridium Communications stock for Q2 2024, down 0.69% quarter-over-quarter.
- 55 funds opened new Iridium Communications positions in Q2 2024 and 39 closed out, a net change of +16 holders.
- The largest Iridium Communications buyer in Q2 2024 was Victory Capital Management, an estimated $44.3M added.
- The largest Iridium Communications seller in Q2 2024 was Citadel Advisors, an estimated $35.8M sold.
Based on aggregated 13F filings for Q2 2024.