Iridium Communications
IRDM
360 hedge funds and large institutions have $4.64B invested in Iridium Communications in 2023 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 115 increasing their positions, 161 reducing their positions, and 68 closing their positions.
46% more call options, than puts
Call options by funds: $24.7M | Put options by funds: $16.9M
0.99% less ownership
Funds ownership: 81.9% → 80.91% (-0.99%)
8% less funds holding
Funds holding: 392 → 360 (-32)
28% less capital invested
Capital invested by funds: $6.4B → $4.64B (-$1.76B)
29% less repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 161
38% less funds holding in top 10
Funds holding in top 10: 8 → 5 (-3)
46% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 68
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$38.9M |
| 2 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$29.8M |
| 3 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
+$19.5M |
| 4 |
NAMA
Nikko Asset Management Americas
New York
|
+$13.9M |
| 5 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$13.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$61.9M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$29.4M |
| 3 |
SPPAM
Summit Partners Public Asset Management
Boston,
Massachusetts
|
-$24.8M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$18.8M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$18.8M |
IRDM Hedge Fund Activity: Q3 2023 in Review
360 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q3 2023, worth a combined $4.64B — down 28% from $6.4B a quarter earlier.
Sellers outnumbered buyers: 68 funds closed out of IRDM and 37 opened new positions — a net loss of 31 holders — while 161 trimmed existing stakes and 115 added.
The largest buyer was Van Berkom & Associates, adding an estimated $38.9M. The largest seller was Driehaus Capital Management, exiting entirely with an estimated $61.9M sold.
- 360 institutional investors held Iridium Communications (IRDM) as of Q3 2023, down from 392 in Q2 2023.
- Funds reported $4.64B of Iridium Communications stock for Q3 2023, down 28% quarter-over-quarter.
- 37 funds opened new Iridium Communications positions in Q3 2023 and 68 closed out, a net change of -31 holders.
- The largest Iridium Communications buyer in Q3 2023 was Van Berkom & Associates, an estimated $38.9M added.
- The largest Iridium Communications seller in Q3 2023 was Driehaus Capital Management, an estimated $61.9M sold.
Based on aggregated 13F filings for Q3 2023.