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Iridium Communications
IRDM

343 hedge funds and large institutions have $2.69B invested in Iridium Communications in 2024 Q2 according to their latest regulatory filings, with 55 funds opening new positions, 116 increasing their positions, 129 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

230% more call options, than puts

Call options by funds: $39.1M | Put options by funds: $11.9M

41% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 39

4% more funds holding

Funds holding: 330 → 343 (+13)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

1% less capital invested

Capital invested by funds: $2.71B → $2.69B (-$18.8M)

1.19% less ownership

Funds ownership: 84.56% → 83.37% (-1.2%)

10% less repeat investments, than reductions

Existing positions increased: 116 | Existing positions reduced: 129

Holders
343
Holders Change
+13
Holders Change %
+3.94%
% of All Funds
4.95%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
55
Increased
116
Reduced
129
Closed
39
Calls
$39.1M
Puts
$11.9M
Net Calls
+$27.3M
Net Calls Change
-$1.73M

Top Buyers

1
Victory Capital Management
Victory Capital Management
Texas
+$44.3M
2
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$34.3M
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$17.4M
4
Barclays
Barclays
United Kingdom
+$15.4M
5
CCPM
Cooper Creek Partners Management
New York
+$13.4M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$35.8M
2
ClearBridge Investments
ClearBridge Investments
New York
-$26.7M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$25.2M
4
Millennium Management
Millennium Management
New York
-$24.8M
5
Select Equity Group
Select Equity Group
New York
-$23.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Verition Fund Management
126
Verition Fund Management
Connecticut
$1.19M -$1.91M -67,926 -60%
National Bank of Canada
127
National Bank of Canada
Quebec, Canada
$1.19M -$100K -3,552 -7%
Comerica Bank
128
Comerica Bank
Texas
$1.17M -$132K -4,686 -10%
Royal Bank of Canada
129
Royal Bank of Canada
Ontario, Canada
$1.12M +$177K +6,298 +18%
Ensign Peak Advisors
130
Ensign Peak Advisors
Utah
$1.11M -$169K -5,985 -13%
TAM
131
Tealwood Asset Management
Minnesota
$1.1M +$445K +15,817 +62%
TRSOTSOK
132
Teachers Retirement System of the State of Kentucky
Kentucky
$1.09M – – –
IG
133
ING Group
Netherlands
$1.09M – – –
LPL Financial
134
LPL Financial
California
$1.08M +$126K +4,481 +12%
CCIA
135
Campbell & Co Investment Adviser
Maryland
$1.07M -$799K -28,377 -41%
QT
136
Quantbot Technologies
New York
$1.02M -$1.8M -63,826 -62%
EP
137
Edgestream Partners
New Jersey
$936K +$673K +23,920 +213%
CIG
138
Cullen Investment Group
Louisiana
$928K -$9.32K -331 -0.9%
FRM
139
Fox Run Management
Connecticut
$921K +$386K +13,724 +66%
LSERS
140
Louisiana State Employees Retirement System
Louisiana
$913K -$36.6K -1,300 -4%
ECM
141
ExodusPoint Capital Management
New York
$876K +$927K +32,910 New
GJWM
142
Gilliland Jeter Wealth Management
Arkansas
$858K +$197K +6,989 +28%
GCM
143
Graham Capital Management
Connecticut
$855K -$350K -12,435 -28%
HighTower Advisors
144
HighTower Advisors
Illinois
$833K -$11K -389 -1%
TRCT
145
Tower Research Capital (TRC)
New York
$823K +$511K +18,151 +142%
ASRS
146
Arizona State Retirement System
Arizona
$814K -$1.07K -38 -0.1%
CAM
147
Cresset Asset Management
Illinois
$790K +$91.5K +3,251 +12%
MCC
148
Malaga Cove Capital
California
$782K -$9.91K -352 -1%
SOMRS
149
State of Michigan Retirement System
Michigan
$779K -$33.8K -1,200 -4%
N
150
Numerai
California
$757K +$801K +28,444 New
4 5
6
7 8

IRDM Hedge Fund Activity: Q2 2024 in Review

343 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q2 2024, worth a combined $2.69B — down 0.69% from $2.71B a quarter earlier.

Buyers outnumbered sellers: 55 funds opened new IRDM positions and 39 closed out — a net gain of 16 holders — while 116 added to existing stakes and 129 trimmed.

The largest buyer was Victory Capital Management, adding an estimated $44.3M. The largest seller was Citadel Advisors, cutting an estimated $35.8M.

  • 343 institutional investors held Iridium Communications (IRDM) as of Q2 2024, up from 330 in Q1 2024.
  • Funds reported $2.69B of Iridium Communications stock for Q2 2024, down 0.69% quarter-over-quarter.
  • 55 funds opened new Iridium Communications positions in Q2 2024 and 39 closed out, a net change of +16 holders.
  • The largest Iridium Communications buyer in Q2 2024 was Victory Capital Management, an estimated $44.3M added.
  • The largest Iridium Communications seller in Q2 2024 was Citadel Advisors, an estimated $35.8M sold.

Based on aggregated 13F filings for Q2 2024.