Iridium Communications
IRDM
264 hedge funds and large institutions have $2.65B invested in Iridium Communications in 2019 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 79 increasing their positions, 77 reducing their positions, and 27 closing their positions.
63% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 27
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
26% more capital invested
Capital invested by funds: $2.11B → $2.65B (+$538M)
4% more funds holding
Funds holding: 254 → 264 (+10)
2.88% more ownership
Funds ownership: 79.04% → 81.92% (+2.9%)
3% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 77
28% less call options, than puts
Call options by funds: $6.65M | Put options by funds: $9.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
+$45.3M |
| 2 |
ClearBridge Investments
New York
|
+$27.5M |
| 3 |
BC
Brahman Capital
New York
|
+$23.4M |
| 4 |
BAMCO Inc
New York
|
+$14M |
| 5 |
Goldman Sachs
New York
|
+$12.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$18.3M |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$14.2M |
| 3 |
SHCM
Silver Heights Capital Management
Toronto,
Ontario, Canada
|
-$12.7M |
| 4 |
Renaissance Technologies
New York
|
-$8.46M |
| 5 |
ECP
Elk Creek Partners
Denver,
Colorado
|
-$6.99M |
IRDM Hedge Fund Activity: Q4 2019 in Review
264 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q4 2019, worth a combined $2.65B — up 26% from $2.11B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new IRDM positions and 27 closed out — a net gain of 17 holders — while 79 added to existing stakes and 77 trimmed.
The largest buyer was Select Equity Group, adding an estimated $45.3M. The largest seller was Fidelity Investments, cutting an estimated $18.3M.
- 264 institutional investors held Iridium Communications (IRDM) as of Q4 2019, up from 254 in Q3 2019.
- Funds reported $2.65B of Iridium Communications stock for Q4 2019, up 26% quarter-over-quarter.
- 44 funds opened new Iridium Communications positions in Q4 2019 and 27 closed out, a net change of +17 holders.
- The largest Iridium Communications buyer in Q4 2019 was Select Equity Group, an estimated $45.3M added.
- The largest Iridium Communications seller in Q4 2019 was Fidelity Investments, an estimated $18.3M sold.
Based on aggregated 13F filings for Q4 2019.