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Iridium Communications
IRDM

179 hedge funds and large institutions have $1B invested in Iridium Communications in 2017 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 70 increasing their positions, 52 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 52

3.01% more ownership

Funds ownership: 103.14% → 106.15% (+3%)

3% more capital invested

Capital invested by funds: $970M → $1B (+$33.6M)

8% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 26

4% less funds holding

Funds holding: 187 → 179 (-8)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

58% less call options, than puts

Call options by funds: $2.25M | Put options by funds: $5.33M

Holders
179
Holders Change
-8
Holders Change %
-4.28%
% of All Funds
4.46%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
24
Increased
70
Reduced
52
Closed
26
Calls
$2.25M
Puts
$5.33M
Net Calls
-$3.08M
Net Calls Change
+$199K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$120M
2
GI
GAMCO Investors
Connecticut
+$5.65M
3
PA
Pinnacle Associates
New York
+$4.75M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$4.36M
5
PIMJS
PKO Investment Management Joint-Stock
Poland
+$3.68M

Top Sellers

Rank Fund Capital Flow
1
Stifel Financial
Stifel Financial
Missouri
-$4.44M
2
Canada Life
Canada Life
Manitoba, Canada
-$2.5M
3
Lazard Asset Management
Lazard Asset Management
New York
-$1.8M
4
California Public Employees Retirement System
California Public Employees Retirement System
California
-$1.5M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$1.45M
Name Holding Trade Value Shares
Change 		Change in
Stake
New York State Common Retirement Fund
76
New York State Common Retirement Fund
New York
$782K +$10 +1 +0%
State of Tennessee, Department of Treasury
77
State of Tennessee, Department of Treasury
Tennessee
$698K +$104K +10,922 +18%
HHC
78
Hutchin Hill Capital
New York
$641K +$633K +66,380 New
Manulife (Manufacturers Life Insurance)
79
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$631K +$75K +7,862 +14%
CC
80
Cipher Capital
New York
$625K +$618K +64,789 New
New York State Teachers Retirement System (NYSTRS)
81
New York State Teachers Retirement System (NYSTRS)
New York
$583K – – –
TPSF
82
Texas Permanent School Fund
Texas
$563K -$3.34K -350 -0.6%
WSCM
83
Wellington Shields Capital Management
New York
$547K -$465K -48,704 -46%
MLICM
84
Metropolitan Life Insurance Company (MetLife)
New York
$539K +$18.8K +1,966 +4%
Public Sector Pension Investment Board (PSP Investments)
85
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$537K – – –
NFA
86
Nationwide Fund Advisors
Ohio
$532K -$32.4K -3,391 -6%
State Board of Administration of Florida Retirement System
87
State Board of Administration of Florida Retirement System
Florida
$494K -$375K -39,322 -43%
AIG
88
American International Group
New York
$490K -$89.1K -9,338 -16%
MCM
89
Mork Capital Management
California
$483K – – –
Jane Street
90
Jane Street
New York
$483K +$477K +50,003 New
CCA
91
Catalyst Capital Advisors
New York
$473K +$468K +49,000 New
AG
92
Aperio Group
California
$443K +$21.3K +2,233 +5%
Thrivent Financial for Lutherans
93
Thrivent Financial for Lutherans
Minnesota
$438K +$33.1K +3,470 +8%
FIM
94
Freedom Investment Management
Connecticut
$429K +$21.8K +2,280 +5%
SD
95
Sumway Development
China
$428K +$396K +41,456 New
CG
96
Clinton Group
New York
$419K +$230K +24,101 +125%
VRS
97
Virginia Retirement Systems
Virginia
$411K +$406K +42,600 New
ASRS
98
Arizona State Retirement System
Arizona
$405K +$4.77K +500 +1%
UBS Group
99
UBS Group
Switzerland
$382K +$43.4K +4,548 +13%
O
100
OppenheimerFunds
New York
$358K +$94.9K +9,945 +37%
2 3
4
5 6

IRDM Hedge Fund Activity: Q1 2017 in Review

179 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q1 2017, worth a combined $1B — up 3.5% from $970M a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of IRDM and 24 opened new positions — a net loss of 2 holders — while 52 trimmed existing stakes and 70 added.

The largest buyer was BlackRock, adding an estimated $120M. The largest seller was Stifel Financial, exiting entirely with an estimated $4.44M sold.

  • 179 institutional investors held Iridium Communications (IRDM) as of Q1 2017, down from 187 in Q4 2016.
  • Funds reported $1B of Iridium Communications stock for Q1 2017, up 3.5% quarter-over-quarter.
  • 24 funds opened new Iridium Communications positions in Q1 2017 and 26 closed out, a net change of -2 holders.
  • The largest Iridium Communications buyer in Q1 2017 was BlackRock, an estimated $120M added.
  • The largest Iridium Communications seller in Q1 2017 was Stifel Financial, an estimated $4.44M sold.

Based on aggregated 13F filings for Q1 2017.