Iridium Communications
IRDM
251 hedge funds and large institutions have $2.46B invested in Iridium Communications in 2020 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 87 increasing their positions, 85 reducing their positions, and 40 closing their positions.
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
1.42% more ownership
Funds ownership: 81.92% → 83.34% (+1.4%)
2% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 85
5% less funds holding
Funds holding: 264 → 251 (-13)
7% less capital invested
Capital invested by funds: $2.65B → $2.46B (-$186M)
25% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 40
37% less call options, than puts
Call options by funds: $11.3M | Put options by funds: $17.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
+$38.8M |
| 2 |
Capital International Investors
Los Angeles,
California
|
+$38M |
| 3 |
NAMA
Nikko Asset Management Americas
New York
|
+$32.9M |
| 4 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$32.9M |
| 5 |
Select Equity Group
New York
|
+$11.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$55.6M |
| 2 |
BC
Brahman Capital
New York
|
-$15.3M |
| 3 |
Renaissance Technologies
New York
|
-$13.4M |
| 4 |
BlackRock
New York
|
-$10.2M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$9.17M |
IRDM Hedge Fund Activity: Q1 2020 in Review
251 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q1 2020, worth a combined $2.46B — down 7% from $2.65B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of IRDM and 30 opened new positions — a net loss of 10 holders — while 85 trimmed existing stakes and 87 added.
The largest buyer was ARK Investment Management, adding an estimated $38.8M. The largest seller was Fidelity Investments, cutting an estimated $55.6M.
- 251 institutional investors held Iridium Communications (IRDM) as of Q1 2020, down from 264 in Q4 2019.
- Funds reported $2.46B of Iridium Communications stock for Q1 2020, down 7% quarter-over-quarter.
- 30 funds opened new Iridium Communications positions in Q1 2020 and 40 closed out, a net change of -10 holders.
- The largest Iridium Communications buyer in Q1 2020 was ARK Investment Management, an estimated $38.8M added.
- The largest Iridium Communications seller in Q1 2020 was Fidelity Investments, an estimated $55.6M sold.
Based on aggregated 13F filings for Q1 2020.