Iridium Communications
IRDM
112 hedge funds and large institutions have $342M invested in Iridium Communications in 2013 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 51 increasing their positions, 30 reducing their positions, and 11 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 30
27% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 11
2% more funds holding
Funds holding: 110 → 112 (+2)
6% less capital invested
Capital invested by funds: $365M → $342M (-$22.7M)
65% less call options, than puts
Call options by funds: $457K | Put options by funds: $1.31M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
+$6.86M |
| 2 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
+$5.54M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.69M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.16M |
| 5 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$1.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3.7M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$3.65M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$995K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$962K |
| 5 |
Renaissance Technologies
New York
|
-$918K |
IRDM Hedge Fund Activity: Q3 2013 in Review
112 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q3 2013, worth a combined $342M — down 6.2% from $365M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new IRDM positions and 11 closed out — a net gain of 3 holders — while 51 added to existing stakes and 30 trimmed.
The largest buyer was LSV Asset Management, adding an estimated $6.86M. The largest seller was Bank of America, cutting an estimated $3.7M.
- 112 institutional investors held Iridium Communications (IRDM) as of Q3 2013, up from 110 in Q2 2013.
- Funds reported $342M of Iridium Communications stock for Q3 2013, down 6.2% quarter-over-quarter.
- 14 funds opened new Iridium Communications positions in Q3 2013 and 11 closed out, a net change of +3 holders.
- The largest Iridium Communications buyer in Q3 2013 was LSV Asset Management, an estimated $6.86M added.
- The largest Iridium Communications seller in Q3 2013 was Bank of America, an estimated $3.7M sold.
Based on aggregated 13F filings for Q3 2013.