Iridium Communications Inc - 6.75% Series B
IRDMB
IRDMB was delisted on the 14th of May, 2019.
14 hedge funds and large institutions have $85.2M invested in Iridium Communications Inc - 6.75% Series B in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
8% more funds holding
Funds holding: 13 → 14 (+1)
23% less capital invested
Capital invested by funds: $110M → $85.2M (-$25.1M)
60% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$5.19M |
| 2 |
ES
Equitec Specialists
Chicago,
Illinois
|
+$3.87M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$369K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$271K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$51.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GLI
Guardian Life Insurance
New York
|
-$9.97M |
| 2 |
SG Americas Securities
New York
|
-$8.33M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.06M |
| 4 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$199K |
| 5 |
SIM
SSI Investment Management
Los Angeles,
California
|
-$153K |
IRDMB Hedge Fund Activity: Q3 2016 in Review
14 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications Inc - 6.75% Series B (IRDMB) for Q3 2016, worth a combined $85.2M — down 23% from $110M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new IRDMB positions and 1 closed out — a net gain of 2 holders — while 2 added to existing stakes and 5 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $5.19M. The largest seller was Guardian Life Insurance, exiting entirely with an estimated $9.97M sold.
- 14 institutional investors held Iridium Communications Inc - 6.75% Series B (IRDMB) as of Q3 2016, up from 13 in Q2 2016.
- Funds reported $85.2M of Iridium Communications Inc - 6.75% Series B stock for Q3 2016, down 23% quarter-over-quarter.
- 3 funds opened new Iridium Communications Inc - 6.75% Series B positions in Q3 2016 and 1 closed out, a net change of +2 holders.
- The largest Iridium Communications Inc - 6.75% Series B buyer in Q3 2016 was Citadel Advisors, an estimated $5.19M added.
- The largest Iridium Communications Inc - 6.75% Series B seller in Q3 2016 was Guardian Life Insurance, an estimated $9.97M sold.
Based on aggregated 13F filings for Q3 2016.