Iridium Communications
IRDM
110 hedge funds and large institutions have $286M invested in Iridium Communications in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 38 increasing their positions, 41 reducing their positions, and 17 closing their positions.
19% more call options, than puts
Call options by funds: $1.79M | Put options by funds: $1.5M
7% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 41
2% less funds holding
Funds holding: 112 → 110 (-2)
12% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 17
16% less capital invested
Capital invested by funds: $342M → $286M (-$56.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZIM
ZPR Investment Management
Orange City,
Florida
|
+$3.37M |
| 2 |
California Public Employees Retirement System
Sacramento,
California
|
+$2.99M |
| 3 |
RA
Royce & Associates
New York
|
+$2.58M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.07M |
| 5 |
William Blair & Company
Chicago,
Illinois
|
+$1.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$16.2M |
| 2 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
-$5.09M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$4.81M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$2.78M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.29M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$41K | -6,000 | Closed |
|
|
ECM
127
ETrade Capital Management
Arlington,
Virginia
| – | -$8K | -1,176 | Closed |
|
IRDM Hedge Fund Activity: Q4 2013 in Review
110 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q4 2013, worth a combined $286M — down 16% from $342M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of IRDM and 15 opened new positions — a net loss of 2 holders — while 41 trimmed existing stakes and 38 added.
The largest buyer was ZPR Investment Management, opening a new position worth an estimated $3.37M. The largest seller was Capital World Investors, cutting an estimated $16.2M.
- 110 institutional investors held Iridium Communications (IRDM) as of Q4 2013, down from 112 in Q3 2013.
- Funds reported $286M of Iridium Communications stock for Q4 2013, down 16% quarter-over-quarter.
- 15 funds opened new Iridium Communications positions in Q4 2013 and 17 closed out, a net change of -2 holders.
- The largest Iridium Communications buyer in Q4 2013 was ZPR Investment Management, an estimated $3.37M added.
- The largest Iridium Communications seller in Q4 2013 was Capital World Investors, an estimated $16.2M sold.
Based on aggregated 13F filings for Q4 2013.