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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
+$8.39M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$7.96M |
| 3 |
PA
Pinnacle Associates
New York
|
+$4.76M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$3.02M |
| 5 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$2.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$13.6M |
| 2 |
BlackRock
New York
|
-$6.46M |
| 3 |
SHCM
Silver Heights Capital Management
Toronto,
Ontario, Canada
|
-$6.16M |
| 4 |
GLA
Great Lakes Advisors
Chicago,
Illinois
|
-$1.82M |
| 5 |
Bank of New York Mellon
New York
|
-$1.46M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
LPL Financial
San Diego,
California
| – | -$99K | -10,176 | Closed |
|
|
AP
202
Advisors Preferred
Rockville,
Maryland
| – | -$26 | -2,729 | Closed |
|
203
Russell Investments Group
London,
United Kingdom
| – | -$12K | -1,291 | Closed |
|
|
BIG
204
Bellwether Investment Group
Chattanooga,
Tennessee
| – | -$11K | -1,128 | Closed |
|
|
QAM
205
QCI Asset Management
Pittsford,
New York
| – | -$10K | -1,000 | Closed |
|
|
FHA
206
First Horizon Advisors
Memphis,
Tennessee
| – | -$6K | -666 | Closed |
|
207
Parallax Volatility Advisers
San Francisco,
California
| – | -$4.96K | -475 | Closed |
|
|
CFG
208
Citizens Financial Group
Providence,
Rhode Island
| – | -$2K | -242 | Closed |
|
|
DA
209
Denali Advisors
San Diego,
California
| – | -$1K | -147 | Closed |
|
|
MAM
210
Meeder Asset Management
Dublin,
Ohio
| – | -$1K | -75 | Closed |
|
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.