Iridium Communications
IRDM
345 hedge funds and large institutions have $4.25B invested in Iridium Communications in 2023 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 109 increasing their positions, 143 reducing their positions, and 55 closing their positions.
68% more call options, than puts
Call options by funds: $18.6M | Put options by funds: $11.1M
2.44% more ownership
Funds ownership: 80.91% → 83.35% (+2.4%)
4% less funds holding
Funds holding: 360 → 345 (-15)
8% less capital invested
Capital invested by funds: $4.64B → $4.25B (-$390M)
18% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 55
24% less repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 143
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$42.3M |
| 2 |
Select Equity Group
New York
|
+$29.9M |
| 3 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$26.8M |
| 4 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$23.1M |
| 5 |
NAMA
Nikko Asset Management Americas
New York
|
+$21.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAMCO Inc
New York
|
-$21.3M |
| 2 |
Capital International Investors
Los Angeles,
California
|
-$19M |
| 3 |
Morgan Stanley
New York
|
-$17.3M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$17M |
| 5 |
Millennium Management
New York
|
-$16.9M |
IRDM Hedge Fund Activity: Q4 2023 in Review
345 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications (IRDM) for Q4 2023, worth a combined $4.25B — down 8.4% from $4.64B a quarter earlier.
Sellers outnumbered buyers: 55 funds closed out of IRDM and 45 opened new positions — a net loss of 10 holders — while 143 trimmed existing stakes and 109 added.
The largest buyer was Jacobs Levy Equity Management, opening a new position worth an estimated $42.3M. The largest seller was BAMCO Inc, cutting an estimated $21.3M.
- 345 institutional investors held Iridium Communications (IRDM) as of Q4 2023, down from 360 in Q3 2023.
- Funds reported $4.25B of Iridium Communications stock for Q4 2023, down 8.4% quarter-over-quarter.
- 45 funds opened new Iridium Communications positions in Q4 2023 and 55 closed out, a net change of -10 holders.
- The largest Iridium Communications buyer in Q4 2023 was Jacobs Levy Equity Management, an estimated $42.3M added.
- The largest Iridium Communications seller in Q4 2023 was BAMCO Inc, an estimated $21.3M sold.
Based on aggregated 13F filings for Q4 2023.