Iridium Communications
IRDM
127 hedge funds and large institutions have $581M invested in Iridium Communications in 2014 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 64 increasing their positions, 25 reducing their positions, and 14 closing their positions.
506% more capital inflows, than outflows
Capital inflows: $201M | Capital outflows: $33.1M
156% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 25
93% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 14
56% more call options, than puts
Call options by funds: $3.87M | Put options by funds: $2.48M
13.44% more ownership
Funds ownership: 60.3% → 73.74% (+13%)
11% more funds holding
Funds holding: 114 → 127 (+13)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAMCO Inc
New York
|
+$68.7M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$19.5M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$14.9M |
| 4 |
BlackRock Fund Advisors
San Francisco,
California
|
+$14.2M |
| 5 |
Pinnacle Associates
New York
|
+$9.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$9.9M |
| 2 |
Avenir Corporation
Alexandria,
Virginia
|
-$5.79M |
| 3 |
ZIM
ZPR Investment Management
Orange City,
Florida
|
-$4.54M |
| 4 |
Axa
Paris,
France
|
-$2.22M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$2.02M |
IRDM Hedge Fund Activity: Q2 2014 in Review
127 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q2 2014, worth a combined $581M — up 67% from $348M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new IRDM positions and 14 closed out — a net gain of 13 holders — while 64 added to existing stakes and 25 trimmed.
The largest buyer was BAMCO Inc, opening a new position worth an estimated $68.7M. The largest seller was Wells Fargo, cutting an estimated $9.9M.
- 127 institutional investors held Iridium Communications (IRDM) as of Q2 2014, up from 114 in Q1 2014.
- Funds reported $581M of Iridium Communications stock for Q2 2014, up 67% quarter-over-quarter.
- 27 funds opened new Iridium Communications positions in Q2 2014 and 14 closed out, a net change of +13 holders.
- The largest Iridium Communications buyer in Q2 2014 was BAMCO Inc, an estimated $68.7M added.
- The largest Iridium Communications seller in Q2 2014 was Wells Fargo, an estimated $9.9M sold.
Based on aggregated 13F filings for Q2 2014.