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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$120M |
| 2 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$5.65M |
| 3 |
PA
Pinnacle Associates
New York
|
+$4.75M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.36M |
| 5 |
PIMJS
PKO Investment Management Joint-Stock
Warsaw,
Poland
|
+$3.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
-$4.44M |
| 2 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$2.5M |
| 3 |
Lazard Asset Management
New York
|
-$1.8M |
| 4 |
California Public Employees Retirement System
Sacramento,
California
|
-$1.5M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.45M |
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.