Iridium Communications
IRDM
172 hedge funds and large institutions have $766M invested in Iridium Communications in 2016 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 58 increasing their positions, 64 reducing their positions, and 11 closing their positions.
45% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 11
2% more funds holding
Funds holding: 169 → 172 (+3)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
9% less repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 64
6% less capital invested
Capital invested by funds: $811M → $766M (-$44.9M)
66% less call options, than puts
Call options by funds: $1.04M | Put options by funds: $3.06M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$26M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$7.87M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$4.27M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
+$3.24M |
| 5 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$2.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$8.5M |
| 2 |
RA
Royce & Associates
New York
|
-$5.57M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$4.48M |
| 4 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
-$3.16M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$1.95M |
IRDM Hedge Fund Activity: Q3 2016 in Review
172 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q3 2016, worth a combined $766M — down 5.5% from $811M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new IRDM positions and 11 closed out — a net gain of 5 holders — while 58 added to existing stakes and 64 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $26M. The largest seller was Wells Fargo, cutting an estimated $8.5M.
- 172 institutional investors held Iridium Communications (IRDM) as of Q3 2016, up from 169 in Q2 2016.
- Funds reported $766M of Iridium Communications stock for Q3 2016, down 5.5% quarter-over-quarter.
- 16 funds opened new Iridium Communications positions in Q3 2016 and 11 closed out, a net change of +5 holders.
- The largest Iridium Communications buyer in Q3 2016 was Fidelity Investments, an estimated $26M added.
- The largest Iridium Communications seller in Q3 2016 was Wells Fargo, an estimated $8.5M sold.
Based on aggregated 13F filings for Q3 2016.