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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
343
Holders Change
+13
Holders Change %
+3.94%
% of All Funds
4.95%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
55
Increased
116
Reduced
129
Closed
39
Calls
$39.1M
Puts
$11.9M
Net Calls
+$27.3M
Net Calls Change
-$1.73M

Top Buyers

1
Victory Capital Management
Victory Capital Management
Texas
+$44.3M
2
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$34.3M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$17.4M
4
Barclays
Barclays
United Kingdom
+$15.4M
5
CCPM
Cooper Creek Partners Management
New York
+$13.4M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$35.8M
2
ClearBridge Investments
ClearBridge Investments
New York
-$26.7M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$25.2M
4
Millennium Management
Millennium Management
New York
-$24.8M
5
Select Equity Group
Select Equity Group
New York
-$23.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Ameriprise
76
Ameriprise
Minnesota
$4.11M +$422K +14,992 +11%
ZIM
77
Zacks Investment Management
Illinois
$4.1M +$166K +5,896 +4%
CF
78
Corebridge Financial
Texas
$4.09M +$4.33M +153,713 New
UBS Group
79
UBS Group
Switzerland
$4.02M +$990K +35,157 +30%
CSS
80
Cubist Systematic Strategies
Connecticut
$3.83M -$3.2M -113,764 -44%
Capital Fund Management (CFM)
81
Capital Fund Management (CFM)
France
$3.68M +$683K +24,269 +21%
Nordea Investment Management
82
Nordea Investment Management
Sweden
$3.6M +$3.81M +135,287 New
State of Wisconsin Investment Board
83
State of Wisconsin Investment Board
Wisconsin
$3.45M -$324K -11,517 -8%
Jane Street
84
Jane Street
New York
$3.29M +$2.31M +82,010 +198%
VA
85
Vident Advisory
Georgia
$3.25M -$161K -5,727 -4%
Franklin Resources
86
Franklin Resources
California
$3.23M -$2.35M -83,365 -41%
New York State Teachers Retirement System (NYSTRS)
87
New York State Teachers Retirement System (NYSTRS)
New York
$3.13M -$14.1K -500 -0.4%
Bank of Montreal
88
Bank of Montreal
Ontario, Canada
$2.9M -$4.45M -158,181 -59%
Thrivent Financial for Lutherans
89
Thrivent Financial for Lutherans
Minnesota
$2.9M -$143K -5,093 -4%
California State Teachers Retirement System (CalSTRS)
90
California State Teachers Retirement System (CalSTRS)
California
$2.86M -$148K -5,251 -5%
ITFISA
91
Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna
$2.77M – – –
Manulife (Manufacturers Life Insurance)
92
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$2.74M -$116K -4,125 -4%
SEI Investments
93
SEI Investments
Pennsylvania
$2.59M +$2.74M +97,381 New
New York State Common Retirement Fund
94
New York State Common Retirement Fund
New York
$2.45M +$667K +23,692 +35%
PA
95
Paralel Advisors
Colorado
$2.32M +$2.46M +87,257 New
SSA
96
Schonfeld Strategic Advisors
New York
$2.32M -$5.15M -183,005 -68%
Macquarie Group
97
Macquarie Group
Australia
$2.28M -$153K -5,439 -6%
State Board of Administration of Florida Retirement System
98
State Board of Administration of Florida Retirement System
Florida
$2.18M +$1.18M +42,073 +105%
HF
99
HRT Financial
New York
$2.13M +$2.26M +80,117 New
Holocene Advisors
100
Holocene Advisors
New York
$2.1M -$2.37M -84,250 -52%
2 3
4
5 6

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.