Iridium Communications
IRDM
246 hedge funds and large institutions have $2.36B invested in Iridium Communications in 2019 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 77 increasing their positions, 77 reducing their positions, and 39 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 77
4% less funds holding
Funds holding: 256 → 246 (-10)
7.51% less ownership
Funds ownership: 85.54% → 78.03% (-7.5%)
8% less capital invested
Capital invested by funds: $2.56B → $2.36B (-$204M)
13% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 39
50% less funds holding in top 10
Funds holding in top 10: 8 → 4 (-4)
73% less call options, than puts
Call options by funds: $9.74M | Put options by funds: $35.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$65.6M |
| 2 |
BAMCO Inc
New York
|
+$56.6M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$45.8M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$18.9M |
| 5 |
GC
Greenvale Capital
London,
United Kingdom
|
+$13.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$35.5M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$25.5M |
| 3 |
CCM
Cloverdale Capital Management
Dallas,
Texas
|
-$10.7M |
| 4 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$9.6M |
| 5 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$8.96M |
IRDM Hedge Fund Activity: Q2 2019 in Review
246 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q2 2019, worth a combined $2.36B — down 8% from $2.56B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of IRDM and 34 opened new positions — a net loss of 5 holders — while 77 trimmed existing stakes and 77 added.
The largest buyer was Fidelity Investments, adding an estimated $65.6M. The largest seller was T. Rowe Price Associates, cutting an estimated $35.5M.
- 246 institutional investors held Iridium Communications (IRDM) as of Q2 2019, down from 256 in Q1 2019.
- Funds reported $2.36B of Iridium Communications stock for Q2 2019, down 8% quarter-over-quarter.
- 34 funds opened new Iridium Communications positions in Q2 2019 and 39 closed out, a net change of -5 holders.
- The largest Iridium Communications buyer in Q2 2019 was Fidelity Investments, an estimated $65.6M added.
- The largest Iridium Communications seller in Q2 2019 was T. Rowe Price Associates, an estimated $35.5M sold.
Based on aggregated 13F filings for Q2 2019.