Iridium Communications
IRDM
392 hedge funds and large institutions have $6.4B invested in Iridium Communications in 2023 Q2 according to their latest regulatory filings, with 55 funds opening new positions, 138 increasing their positions, 132 reducing their positions, and 34 closing their positions.
62% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 34
22% more call options, than puts
Call options by funds: $33M | Put options by funds: $27.1M
5% more funds holding
Funds holding: 372 → 392 (+20)
5% more repeat investments, than reductions
Existing positions increased: 138 | Existing positions reduced: 132
2% less capital invested
Capital invested by funds: $6.54B → $6.4B (-$137M)
1.7% less ownership
Funds ownership: 83.6% → 81.9% (-1.7%)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
Top Buyers
| 1 |
Millennium Management
New York
|
+$47.6M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$46.3M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$34.4M |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$31M |
| 5 |
D.E. Shaw & Co
New York
|
+$21.7M |
Top Sellers
| 1 |
BlackRock
New York
|
-$151M |
| 2 |
State Street
Boston,
Massachusetts
|
-$48.4M |
| 3 |
Goldman Sachs
New York
|
-$47.8M |
| 4 |
Select Equity Group
New York
|
-$41.3M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$33.1M |
IRDM Hedge Fund Activity: Q2 2023 in Review
392 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q2 2023, worth a combined $6.4B — down 2.1% from $6.54B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new IRDM positions and 34 closed out — a net gain of 21 holders — while 138 added to existing stakes and 132 trimmed.
The largest buyer was Millennium Management, adding an estimated $47.6M. The largest seller was BlackRock, cutting an estimated $151M.
- 392 institutional investors held Iridium Communications (IRDM) as of Q2 2023, up from 372 in Q1 2023.
- Funds reported $6.4B of Iridium Communications stock for Q2 2023, down 2.1% quarter-over-quarter.
- 55 funds opened new Iridium Communications positions in Q2 2023 and 34 closed out, a net change of +21 holders.
- The largest Iridium Communications buyer in Q2 2023 was Millennium Management, an estimated $47.6M added.
- The largest Iridium Communications seller in Q2 2023 was BlackRock, an estimated $151M sold.
Based on aggregated 13F filings for Q2 2023.