Iridium Communications
IRDM
254 hedge funds and large institutions have $2.11B invested in Iridium Communications in 2019 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 90 increasing their positions, 69 reducing their positions, and 19 closing their positions.
47% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 19
30% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 69
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
3% more funds holding
Funds holding: 246 → 254 (+8)
1.01% more ownership
Funds ownership: 78.03% → 79.04% (+1%)
11% less capital invested
Capital invested by funds: $2.36B → $2.11B (-$249M)
71% less call options, than puts
Call options by funds: $9.54M | Put options by funds: $32.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
+$32.2M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$24.8M |
| 3 |
BAMCO Inc
New York
|
+$18.5M |
| 4 |
BC
Brahman Capital
New York
|
+$17.3M |
| 5 |
KA
Kerrisdale Advisers
Miami,
Florida
|
+$9.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$34.9M |
| 2 |
Renaissance Technologies
New York
|
-$12.4M |
| 3 |
GC
Greenvale Capital
London,
United Kingdom
|
-$12.2M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$6.95M |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
-$6.56M |
IRDM Hedge Fund Activity: Q3 2019 in Review
254 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q3 2019, worth a combined $2.11B — down 11% from $2.36B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new IRDM positions and 19 closed out — a net gain of 9 holders — while 90 added to existing stakes and 69 trimmed.
The largest buyer was Select Equity Group, opening a new position worth an estimated $32.2M. The largest seller was Fidelity Investments, cutting an estimated $34.9M.
- 254 institutional investors held Iridium Communications (IRDM) as of Q3 2019, up from 246 in Q2 2019.
- Funds reported $2.11B of Iridium Communications stock for Q3 2019, down 11% quarter-over-quarter.
- 28 funds opened new Iridium Communications positions in Q3 2019 and 19 closed out, a net change of +9 holders.
- The largest Iridium Communications buyer in Q3 2019 was Select Equity Group, an estimated $32.2M added.
- The largest Iridium Communications seller in Q3 2019 was Fidelity Investments, an estimated $34.9M sold.
Based on aggregated 13F filings for Q3 2019.