Iridium Communications
IRDM
114 hedge funds and large institutions have $347M invested in Iridium Communications in 2014 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 47 increasing their positions, 31 reducing their positions, and 16 closing their positions.
219% more call options, than puts
Call options by funds: $5.54M | Put options by funds: $1.74M
52% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 31
25% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 16
22% more capital invested
Capital invested by funds: $286M → $347M (+$61.8M)
4% more funds holding
Funds holding: 110 → 114 (+4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
+$5.9M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$3.45M |
| 3 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$2.83M |
| 4 |
RA
Royce & Associates
New York
|
+$2.72M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$6.13M |
| 2 |
AC
Avenir Corporation
Alexandria,
Virginia
|
-$2.8M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$2.66M |
| 4 |
TPM
T2 Partners Management
New York
|
-$2.16M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$884K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PG
126
PEAK6 Group
Chicago,
Illinois
| – | -$278K | -41,494 | Closed |
|
|
ACI
127
AMP Capital Investors
Sydney,
Australia
| – | -$104K | -16,600 | Closed |
|
128
Los Angeles Capital Management
Los Angeles,
California
| – | -$87K | -13,910 | Closed |
|
|
AA
129
AlphaMark Advisors
Ft. Wright,
Kentucky
| – | -$16K | -2,500 | Closed |
|
|
EWM
130
Elite Wealth Management
Kirkland,
Washington
| – | -$15K | -2,360 | Closed |
|
IRDM Hedge Fund Activity: Q1 2014 in Review
114 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q1 2014, worth a combined $347M — up 22% from $286M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new IRDM positions and 16 closed out — a net gain of 4 holders — while 47 added to existing stakes and 31 trimmed.
The largest buyer was Boston Partners, opening a new position worth an estimated $5.9M. The largest seller was Federated Hermes, exiting entirely with an estimated $6.13M sold.
- 114 institutional investors held Iridium Communications (IRDM) as of Q1 2014, up from 110 in Q4 2013.
- Funds reported $347M of Iridium Communications stock for Q1 2014, up 22% quarter-over-quarter.
- 20 funds opened new Iridium Communications positions in Q1 2014 and 16 closed out, a net change of +4 holders.
- The largest Iridium Communications buyer in Q1 2014 was Boston Partners, an estimated $5.9M added.
- The largest Iridium Communications seller in Q1 2014 was Federated Hermes, an estimated $6.13M sold.
Based on aggregated 13F filings for Q1 2014.