Iridium Communications Inc - 6.75% Series B
IRDMB
IRDMB was delisted on the 14th of May, 2019.
11 hedge funds and large institutions have $95.9M invested in Iridium Communications Inc - 6.75% Series B in 2018 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 2 closing their positions.
8% less capital invested
Capital invested by funds: $104M → $95.9M (-$8.03M)
8% less funds holding
Funds holding: 12 → 11 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ES
Equitec Specialists
Chicago,
Illinois
|
+$2.32M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$175K |
| 3 |
Morgan Stanley
New York
|
+$31.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$6.68M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.04M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$835K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$20.9K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$15K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $30.3M | -$6.68M | -16,000 | -17% |
|
2
Geode Capital Management
Boston,
Massachusetts
| $26.5M | – | – | – |
|
3
SG Americas Securities
New York
| $11.4M | – | – | – |
|
4
Franklin Resources
San Mateo,
California
| $7.73M | – | – | – |
|
|
5
Citadel Advisors
Miami,
Florida
| $7.21M | -$835K | -2,000 | -10% |
|
|
SIM
6
SSI Investment Management
Los Angeles,
California
| $5.2M | – | – | – |
|
|
ES
7
Equitec Specialists
Chicago,
Illinois
| $5.04M | +$2.32M | +5,549 | +73% |
|
|
PH
8
Pinnacle Holdings
Tulsa,
Oklahoma
| $1.16M | – | – | – |
|
|
RJA
9
Raymond James & Associates
St Petersburg,
Florida
| $596K | -$20.9K | -50 | -3% |
|
10
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $441K | -$5.84K | -14 | -1% |
|
|
11
UBS Group
Zurich,
Switzerland
| $247K | +$175K | +420 | +185% |
|
|
12
Morgan Stanley
New York
| $29K | +$31.3K | +75 | New |
|
|
RJFSA
13
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$1.04M | -2,501 | Closed |
|
|
LTFS
14
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$15K | -35 | Closed |
|
IRDMB Hedge Fund Activity: Q1 2018 in Review
11 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications Inc - 6.75% Series B (IRDMB) for Q1 2018, worth a combined $95.9M — down 7.7% from $104M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of IRDMB and 1 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 2 added.
The largest buyer was Equitec Specialists, adding an estimated $2.32M. The largest seller was Deutsche Bank, cutting an estimated $6.68M.
- 11 institutional investors held Iridium Communications Inc - 6.75% Series B (IRDMB) as of Q1 2018, down from 12 in Q4 2017.
- Funds reported $95.9M of Iridium Communications Inc - 6.75% Series B stock for Q1 2018, down 7.7% quarter-over-quarter.
- 1 fund opened new Iridium Communications Inc - 6.75% Series B positions in Q1 2018 and 2 closed out, a net change of -1 holder.
- The largest Iridium Communications Inc - 6.75% Series B buyer in Q1 2018 was Equitec Specialists, an estimated $2.32M added.
- The largest Iridium Communications Inc - 6.75% Series B seller in Q1 2018 was Deutsche Bank, an estimated $6.68M sold.
Based on aggregated 13F filings for Q1 2018.