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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
Janney Montgomery Scott
176
Janney Montgomery Scott
Pennsylvania
$497K -$993K -35,264 -65%
MP
177
McDonald Partners
Ohio
$477K +$19.7K +700 +4%
BC
178
Bridgefront Capital
Texas
$471K +$499K +17,712 New
PAG
179
Private Advisor Group
New Jersey
$470K +$497K +17,666 New
Stifel Financial
180
Stifel Financial
Missouri
$469K -$37.3K -1,326 -7%
Citigroup
181
Citigroup
New York
$453K -$771K -27,393 -62%
RP
182
Riverwater Partners
Wisconsin
$448K -$4.05K -144 -0.8%
IIM
183
INTECH Investment Management
Florida
$435K +$460K +16,338 New
PTC
184
Petrus Trust Company
Texas
$427K -$408K -14,507 -47%
PD
185
Point72 (DIFC)
United Arab Emirates
$410K -$355K -12,593 -45%
DT
186
Diversified Trust
Tennessee
$406K +$430K +15,266 New
Vontobel Holding
187
Vontobel Holding
Switzerland
$405K +$429K +15,227 New
X
188
Xponance
Pennsylvania
$372K -$311K -11,046 -44%
VFA
189
Values First Advisors
Tennessee
$369K -$225 -8 -0.1%
II
190
IFM Investors
Australia
$368K -$7.15K -254 -2%
VF
191
Virtu Financial
New York
$357K +$377K +13,405 New
SOADOR
192
State of Alaska Department of Revenue
Alaska
$356K – – –
Pictet Asset Management
193
Pictet Asset Management
Switzerland
$353K +$10.4K +368 +3%
IC
194
IEQ Capital
California
$344K +$73.3K +2,605 +25%
Wealth Enhancement Advisory Services
195
Wealth Enhancement Advisory Services
Minnesota
$342K +$362K +12,858 New
QCM
196
Quantinno Capital Management
New York
$327K +$98.8K +3,508 +40%
Lazard Asset Management
197
Lazard Asset Management
New York
$319K – – –
MSFS
198
Main Street Financial Solutions
Pennsylvania
$318K +$86K +3,056 +34%
EGM
199
Engineers Gate Manager
New York
$313K -$3.64M -129,171 -92%
BFM
200
Boothbay Fund Management
New York
$312K -$390K -13,847 -54%
6 7
8
9 10

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.