Iridium Communications
IRDM
233 hedge funds and large institutions have $1.77B invested in Iridium Communications in 2018 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 71 increasing their positions, 68 reducing their positions, and 29 closing their positions.
62% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 29
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
7% more funds holding
Funds holding: 218 → 233 (+15)
4% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 68
0.7% less ownership
Funds ownership: 87.55% → 86.85% (-0.7%)
19% less capital invested
Capital invested by funds: $2.18B → $1.77B (-$409M)
79% less call options, than puts
Call options by funds: $10.3M | Put options by funds: $49.3M
Top Buyers
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$50.3M |
| 2 |
Renaissance Technologies
New York
|
+$16.3M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$10.6M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$6.93M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.54M |
Top Sellers
| 1 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
-$41.1M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
-$8.75M |
| 3 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$7.57M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$7.35M |
| 5 |
Bank of New York Mellon
New York
|
-$7.09M |
IRDM Hedge Fund Activity: Q4 2018 in Review
233 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q4 2018, worth a combined $1.77B — down 19% from $2.18B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new IRDM positions and 29 closed out — a net gain of 18 holders — while 71 added to existing stakes and 68 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $50.3M. The largest seller was Glenmede Trust, cutting an estimated $41.1M.
- 233 institutional investors held Iridium Communications (IRDM) as of Q4 2018, up from 218 in Q3 2018.
- Funds reported $1.77B of Iridium Communications stock for Q4 2018, down 19% quarter-over-quarter.
- 47 funds opened new Iridium Communications positions in Q4 2018 and 29 closed out, a net change of +18 holders.
- The largest Iridium Communications buyer in Q4 2018 was Fidelity Investments, an estimated $50.3M added.
- The largest Iridium Communications seller in Q4 2018 was Glenmede Trust, an estimated $41.1M sold.
Based on aggregated 13F filings for Q4 2018.