Iridium Communications Inc - 6.75% Series B
IRDMB
IRDMB was delisted on the 14th of May, 2019.
12 hedge funds and large institutions have $143M invested in Iridium Communications Inc - 6.75% Series B in 2018 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
49% more capital invested
Capital invested by funds: $95.9M → $143M (+$46.8M)
9% more funds holding
Funds holding: 11 → 12 (+1)
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
|
+$6.6M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.33M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$219K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$219K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
SSI Investment Management
Los Angeles,
California
|
-$1.1M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$510K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$220K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$209K |
| 5 |
Morgan Stanley
New York
|
-$29K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
1
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $43.3M | – | – | – |
|
2
Geode Capital Management
Boston,
Massachusetts
| $37.5M | – | – | – |
|
3
SG Americas Securities
New York
| $16.5M | – | – | – |
|
|
ES
4
Equitec Specialists
Chicago,
Illinois
| $13.7M | +$6.6M | +12,024 | +91% |
|
5
Franklin Resources
San Mateo,
California
| $10.9M | – | – | – |
|
|
6
Citadel Advisors
Miami,
Florida
| $10M | -$220K | -401 | -2% |
|
|
SIM
7
SSI Investment Management
Los Angeles,
California
| $6.23M | -$1.1M | -2,007 | -15% |
|
|
PH
8
Pinnacle Holdings
Tulsa,
Oklahoma
| $1.64M | – | – | – |
|
|
RJFSA
9
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| $1.32M | +$1.33M | +2,429 | New |
|
|
10
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $806K | +$219K | +400 | +37% |
|
|
RJA
11
Raymond James & Associates
St Petersburg,
Florida
| $344K | -$510K | -930 | -60% |
|
|
12
HighTower Advisors
Chicago,
Illinois
| $218K | +$219K | +400 | New |
|
|
13
UBS Group
Zurich,
Switzerland
| $145K | -$209K | -380 | -59% |
|
|
14
Morgan Stanley
New York
| – | -$29K | -75 | Closed |
|
IRDMB Hedge Fund Activity: Q2 2018 in Review
12 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications Inc - 6.75% Series B (IRDMB) for Q2 2018, worth a combined $143M — up 49% from $95.9M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new IRDMB positions and 1 closed out — a net gain of 1 holder — while 2 added to existing stakes and 4 trimmed.
The largest buyer was Equitec Specialists, adding an estimated $6.6M. The largest seller was SSI Investment Management, cutting an estimated $1.1M.
- 12 institutional investors held Iridium Communications Inc - 6.75% Series B (IRDMB) as of Q2 2018, up from 11 in Q1 2018.
- Funds reported $143M of Iridium Communications Inc - 6.75% Series B stock for Q2 2018, up 49% quarter-over-quarter.
- 2 funds opened new Iridium Communications Inc - 6.75% Series B positions in Q2 2018 and 1 closed out, a net change of +1 holder.
- The largest Iridium Communications Inc - 6.75% Series B buyer in Q2 2018 was Equitec Specialists, an estimated $6.6M added.
- The largest Iridium Communications Inc - 6.75% Series B seller in Q2 2018 was SSI Investment Management, an estimated $1.1M sold.
Based on aggregated 13F filings for Q2 2018.