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Iridium Communications
IRDM

188 hedge funds and large institutions have $1.15B invested in Iridium Communications in 2017 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 70 increasing their positions, 53 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 22

32% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 53

15% more capital invested

Capital invested by funds: $1B → $1.15B (+$147M)

5% more funds holding

Funds holding: 179 → 188 (+9)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

1.1% less ownership

Funds ownership: 106.15% → 105.05% (-1.1%)

67% less call options, than puts

Call options by funds: $3.05M | Put options by funds: $9.16M

Holders
188
Holders Change
+9
Holders Change %
+5.03%
% of All Funds
4.69%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
31
Increased
70
Reduced
53
Closed
22
Calls
$3.05M
Puts
$9.16M
Net Calls
-$6.12M
Net Calls Change
-$3.03M

Top Buyers

Rank Fund Capital Flow
1
Northern Trust
Northern Trust
Illinois
+$8.39M
2
LSV Asset Management
LSV Asset Management
Illinois
+$7.96M
3
PA
Pinnacle Associates
New York
+$4.76M
4
GC
Guggenheim Capital
Illinois
+$3.02M
5
VBA
Van Berkom & Associates
Quebec, Canada
+$2.95M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$13.6M
2
BlackRock
BlackRock
New York
-$6.46M
3
SHCM
Silver Heights Capital Management
Ontario, Canada
-$6.16M
4
GLA
Great Lakes Advisors
Illinois
-$1.82M
5
Bank of New York Mellon
Bank of New York Mellon
New York
-$1.46M
Name Holding Trade Value Shares
Change 		Change in
Stake
TA
126
Teton Advisors
New York
$221K – – –
PPSG
127
Princeton Portfolio Strategies Group
New Jersey
$218K -$41.8K -4,000 -17%
DTL
128
Dynamic Technology Lab
Singapore
$217K +$205K +19,665 New
Bank of Montreal
129
Bank of Montreal
Ontario, Canada
$214K -$27K -2,586 -12%
Barclays
130
Barclays
United Kingdom
$214K +$35.5K +3,399 +21%
JIP
131
Jaffetilchin Investment Partners
Florida
$213K +$202K +19,317 New
CAS
132
Cue Advisory Services
Arizona
$197K -$12.5K -1,200 -6%
PIA
133
Piedmont Investment Advisors
North Carolina
$195K +$185K +17,688 New
FRM
134
Fox Run Management
Connecticut
$193K +$183K +17,500 New
SOADOR
135
State of Alaska Department of Revenue
Alaska
$178K +$75.9K +7,261 +82%
UBS AM
136
UBS AM
Illinois
$177K +$30.3K +2,900 +22%
Victory Capital Management
137
Victory Capital Management
Texas
$166K +$23.6K +2,258 +18%
CPIG
138
Chicago Partners Investment Group
Illinois
$155K +$158K +15,100 New
Two Sigma Advisers
139
Two Sigma Advisers
New York
$148K +$18.8K +1,800 +15%
RJT
140
Raymond James Trust
Florida
$147K – – –
PA
141
Profund Advisors
Maryland
$138K -$56.3K -5,391 -30%
Lazard Asset Management
142
Lazard Asset Management
New York
$133K – – –
Squarepoint
143
Squarepoint
New York
$130K +$123K +11,809 New
LCM
144
Laurion Capital Management
New York
$127K +$120K +11,500 New
AB
145
Amalgamated Bank
New York
$126K +$2.97K +284 +3%
NA
146
Neuburgh Advisers
California
$122K +$51.5K +4,930 +81%
CIBC Asset Management
147
CIBC Asset Management
Ontario, Canada
$120K – – –
QI
148
QS Investors
New York
$120K +$113K +10,853 +23,091%
Citigroup
149
Citigroup
New York
$118K -$20.4K -1,955 -15%
ECM
150
Everence Capital Management
Indiana
$116K +$110K +10,490 New
4 5
6
7 8

IRDM Hedge Fund Activity: Q2 2017 in Review

188 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q2 2017, worth a combined $1.15B — up 15% from $1B a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new IRDM positions and 22 closed out — a net gain of 9 holders — while 70 added to existing stakes and 53 trimmed.

The largest buyer was Northern Trust, adding an estimated $8.39M. The largest seller was Fidelity Investments, cutting an estimated $13.6M.

  • 188 institutional investors held Iridium Communications (IRDM) as of Q2 2017, up from 179 in Q1 2017.
  • Funds reported $1.15B of Iridium Communications stock for Q2 2017, up 15% quarter-over-quarter.
  • 31 funds opened new Iridium Communications positions in Q2 2017 and 22 closed out, a net change of +9 holders.
  • The largest Iridium Communications buyer in Q2 2017 was Northern Trust, an estimated $8.39M added.
  • The largest Iridium Communications seller in Q2 2017 was Fidelity Investments, an estimated $13.6M sold.

Based on aggregated 13F filings for Q2 2017.