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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
LJHT
176
Laurie J. Hall Trustee
$13K +$4.49K +430 +57%
FPFS
177
First Personal Financial Services
North Carolina
$13K +$2.88K +276 +31%
Nisa Investment Advisors
178
Nisa Investment Advisors
Missouri
$12K – – –
TRCT
179
Tower Research Capital (TRC)
New York
$11K +$10.6K +1,017 New
SWA
180
Sutton Wealth Advisors
Florida
$9.61K – – –
QCG
181
Quadrant Capital Group
Ohio
$6K – – –
CAW
182
Cornerstone Advisors (Washington)
Washington
$4K – – –
CFD
183
Creative Financial Designs
Indiana
$4K – – –
AF
184
Allworth Financial
California
$2K – – –
TWA
185
TCI Wealth Advisors
Arizona
$2K – – –
CB
186
Community Bank
New York
$1K – – –
IA
187
IFP Advisors
Florida
$1K – – –
PFBT
188
Parkside Financial Bank & Trust
Missouri
$1K +$502 +48 New
IMIM
189
Irving Magee Investment Management
Pennsylvania
– -$5.53M -573,120 Closed
GLA
190
Great Lakes Advisors
Illinois
– -$1.82M -188,539 Closed
ZP
191
Zimmer Partners
New York
– -$965K -100,000 Closed
EMG
192
Ellington Management Group
Connecticut
– -$886K -91,800 Closed
HHC
193
Hutchin Hill Capital
New York
– -$641K -66,380 Closed
CG
194
Clinton Group
New York
– -$419K -43,400 Closed
QC
195
Quadrature Capital
United Kingdom
– -$319K -33,046 Closed
ECM
196
ETrade Capital Management
Virginia
– -$196K -20,254 Closed
WSTAM
197
Wilbanks Smith & Thomas Asset Management
Virginia
– -$194K -20,093 Closed
MC
198
Moors & Cabot
Massachusetts
– -$187K -19,520 Closed
TI
199
Trexquant Investment
Connecticut
– -$115K -11,900 Closed
BAM
200
Brave Asset Management
New Jersey
– -$101K -10,500 Closed
5 6 7
8
9

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.