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Iridium Communications
IRDM

132 hedge funds and large institutions have $635M invested in Iridium Communications in 2014 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 55 increasing their positions, 36 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

61% more call options, than puts

Call options by funds: $2.39M | Put options by funds: $1.48M

53% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 36

36% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 14

9% more capital invested

Capital invested by funds: $583M → $635M (+$51.3M)

4% more funds holding

Funds holding: 127 → 132 (+5)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
132
Holders Change
+5
Holders Change %
+3.94%
% of All Funds
3.83%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
19
Increased
55
Reduced
36
Closed
14
Calls
$2.39M
Puts
$1.48M
Net Calls
+$904K
Net Calls Change
-$490K

Top Buyers

1
PA
Pinnacle Associates
New York
+$10.4M
2
ACH
ArrowMark Colorado Holdings
Colorado
+$5.33M
3
VBA
Van Berkom & Associates
Quebec, Canada
+$4.61M
4
Stifel Financial
Stifel Financial
Missouri
+$4.58M
5
Capital World Investors
Capital World Investors
California
+$2.21M

Top Sellers

1
BFA
BlackRock Fund Advisors
California
-$3.44M
2
PI
Putnam Investments
Massachusetts
-$2.52M
3
AC
Avenir Corporation
Virginia
-$2.16M
4
Boston Partners
Boston Partners
Massachusetts
-$1.9M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$1.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
BAMCO Inc
1
BAMCO Inc
New York
$81.3M +$439K +50,640 +0.6%
Vanguard Group
2
Vanguard Group
Pennsylvania
$50.4M +$2.1M +242,392 +4%
Capital World Investors
3
Capital World Investors
California
$43.3M +$2.21M +255,000 +6%
VBA
4
Van Berkom & Associates
Quebec, Canada
$42.6M +$4.61M +531,217 +12%
LSV Asset Management
5
LSV Asset Management
Illinois
$36.7M -$1.53M -176,424 -4%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$35.8M -$26.9K -3,108 -0.1%
BFA
7
BlackRock Fund Advisors
California
$27.7M -$3.44M -396,672 -11%
RA
8
Royce & Associates
New York
$22M +$791K +91,200 +4%
PA
9
Pinnacle Associates
New York
$21.2M +$10.4M +1,195,925 +100%
AC
10
Avenir Corporation
Virginia
$20.1M -$2.16M -248,552 -10%
PI
11
Putnam Investments
Massachusetts
$19.3M -$2.52M -290,724 -12%
BIT
12
BlackRock Institutional Trust
California
$18.6M +$1.65M +190,842 +10%
Franklin Resources
13
Franklin Resources
California
$17.5M – – –
Boston Partners
14
Boston Partners
Massachusetts
$14.8M -$1.9M -219,000 -12%
State Street
15
State Street
Massachusetts
$11.9M +$594K +68,540 +5%
Wells Fargo
16
Wells Fargo
California
$11.6M -$361K -41,584 -3%
ACH
17
ArrowMark Colorado Holdings
Colorado
$9.58M +$5.33M +615,000 +132%
NAM
18
Nichols Asset Management
Massachusetts
$8.75M +$192K +22,112 +2%
Northern Trust
19
Northern Trust
Illinois
$7.73M -$259K -29,819 -3%
Fidelity Investments
20
Fidelity Investments
Massachusetts
$7.27M -$1.85M -213,100 -21%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$7.17M +$2.12M +244,911 +43%
RJA
22
Raymond James & Associates
Florida
$6.42M +$102K +11,768 +2%
California Public Employees Retirement System
23
California Public Employees Retirement System
California
$5.48M +$21.7K +2,500 +0.4%
Stifel Financial
24
Stifel Financial
Missouri
$4.68M +$4.58M +528,678 New
LCM
25
Leonard Capital Management
Florida
$4.42M – – –
1
2 3 4 5

IRDM Hedge Fund Activity: Q3 2014 in Review

132 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q3 2014, worth a combined $635M — up 8.8% from $583M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new IRDM positions and 14 closed out — a net gain of 5 holders — while 55 added to existing stakes and 36 trimmed.

The largest buyer was Pinnacle Associates, adding an estimated $10.4M. The largest seller was BlackRock Fund Advisors, cutting an estimated $3.44M.

  • 132 institutional investors held Iridium Communications (IRDM) as of Q3 2014, up from 127 in Q2 2014.
  • Funds reported $635M of Iridium Communications stock for Q3 2014, up 8.8% quarter-over-quarter.
  • 19 funds opened new Iridium Communications positions in Q3 2014 and 14 closed out, a net change of +5 holders.
  • The largest Iridium Communications buyer in Q3 2014 was Pinnacle Associates, an estimated $10.4M added.
  • The largest Iridium Communications seller in Q3 2014 was BlackRock Fund Advisors, an estimated $3.44M sold.

Based on aggregated 13F filings for Q3 2014.