Iridium Communications Inc - 6.75% Series B
IRDMB
IRDMB was delisted on the 14th of May, 2019.
12 hedge funds and large institutions have $80.7M invested in Iridium Communications Inc - 6.75% Series B in 2016 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
9% more funds holding
Funds holding: 11 → 12 (+1)
25% less capital invested
Capital invested by funds: $108M → $80.7M (-$27.4M)
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GLI
Guardian Life Insurance
New York
|
+$6.68M |
| 2 |
ES
Equitec Specialists
Chicago,
Illinois
|
+$3.12M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$789K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$9.87M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$5.43M |
| 3 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$695K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $24.1M | -$9.87M | -35,500 | -30% |
|
2
BAMCO Inc
New York
| $19.6M | – | – | – |
|
3
SG Americas Securities
New York
| $8.87M | – | – | – |
|
|
GLI
4
Guardian Life Insurance
New York
| $7.04M | +$6.68M | +24,000 | New |
|
5
Franklin Resources
San Mateo,
California
| $5.95M | – | – | – |
|
|
ES
6
Equitec Specialists
Chicago,
Illinois
| $5.24M | +$3.12M | +11,219 | +168% |
|
|
SIM
7
SSI Investment Management
Los Angeles,
California
| $3.96M | – | – | – |
|
|
ZA
8
Zazove Associates
Incline Village,
Nevada
| $3.38M | -$695K | -2,500 | -18% |
|
|
PH
9
Pinnacle Holdings
Tulsa,
Oklahoma
| $884K | – | – | – |
|
|
RJA
10
Raymond James & Associates
St Petersburg,
Florida
| $831K | +$789K | +2,835 | New |
|
|
MVP
11
Miller Value Partners
Sarasota,
Florida
| $763K | – | – | – |
|
12
Geode Capital Management
Boston,
Massachusetts
| $10.2K | – | – | – |
|
|
LTFS
13
Ladenburg Thalmann Financial Services
Miami,
Florida
| $10K | – | – | – |
|
|
PI
14
Putnam Investments
Boston,
Massachusetts
| – | -$5.43M | -17,503 | Closed |
|
IRDMB Hedge Fund Activity: Q1 2016 in Review
12 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications Inc - 6.75% Series B (IRDMB) for Q1 2016, worth a combined $80.7M — down 25% from $108M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new IRDMB positions and 1 closed out — a net gain of 1 holder — while 1 added to existing stakes and 2 trimmed.
The largest buyer was Guardian Life Insurance, opening a new position worth an estimated $6.68M. The largest seller was Deutsche Bank, cutting an estimated $9.87M.
- 12 institutional investors held Iridium Communications Inc - 6.75% Series B (IRDMB) as of Q1 2016, up from 11 in Q4 2015.
- Funds reported $80.7M of Iridium Communications Inc - 6.75% Series B stock for Q1 2016, down 25% quarter-over-quarter.
- 2 funds opened new Iridium Communications Inc - 6.75% Series B positions in Q1 2016 and 1 closed out, a net change of +1 holder.
- The largest Iridium Communications Inc - 6.75% Series B buyer in Q1 2016 was Guardian Life Insurance, an estimated $6.68M added.
- The largest Iridium Communications Inc - 6.75% Series B seller in Q1 2016 was Deutsche Bank, an estimated $9.87M sold.
Based on aggregated 13F filings for Q1 2016.