Iridium Communications Inc - 6.75% Series B
IRDMB
IRDMB was delisted on the 14th of May, 2019.
9 hedge funds and large institutions have $192M invested in Iridium Communications Inc - 6.75% Series B in 2018 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 4 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
34% more capital invested
Capital invested by funds: $143M → $192M (+$49.2M)
25% less funds holding
Funds holding: 12 → 9 (-3)
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ES
Equitec Specialists
Chicago,
Illinois
|
+$55.4M |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
+$990K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$67.9K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$9.41K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$43.3M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$10M |
| 3 |
SIM
SSI Investment Management
Los Angeles,
California
|
-$6.23M |
| 4 |
PH
Pinnacle Holdings
Tulsa,
Oklahoma
|
-$1.64M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.01M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ES
1
Equitec Specialists
Chicago,
Illinois
| $88M | +$55.4M | +82,369 | +327% |
|
2
Geode Capital Management
Boston,
Massachusetts
| $60M | – | – | – |
|
3
SG Americas Securities
New York
| $24.7M | – | – | – |
|
4
Franklin Resources
San Mateo,
California
| $15M | – | – | – |
|
|
5
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $1.29M | +$67.9K | +101 | +7% |
|
|
CL
6
CSS LLC
Chicago,
Illinois
| $1.13M | +$990K | +1,472 | New |
|
|
RJFSA
7
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| $754K | -$1.01M | -1,507 | -62% |
|
|
RJA
8
Raymond James & Associates
St Petersburg,
Florida
| $434K | -$67.3K | -100 | -16% |
|
9
HighTower Advisors
Chicago,
Illinois
| $327K | – | – | – |
|
|
10
UBS Group
Zurich,
Switzerland
| $230K | +$9.41K | +14 | +5% |
|
|
11
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$43.3M | -79,403 | Closed |
|
|
12
Citadel Advisors
Miami,
Florida
| – | -$10M | -18,299 | Closed |
|
|
SIM
13
SSI Investment Management
Los Angeles,
California
| – | -$6.23M | -11,500 | Closed |
|
|
PH
14
Pinnacle Holdings
Tulsa,
Oklahoma
| – | -$1.64M | -3,000 | Closed |
|
IRDMB Hedge Fund Activity: Q3 2018 in Review
9 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications Inc - 6.75% Series B (IRDMB) for Q3 2018, worth a combined $192M — up 34% from $143M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of IRDMB and 1 opened new positions — a net loss of 3 holders — while 2 trimmed existing stakes and 3 added.
The largest buyer was Equitec Specialists, adding an estimated $55.4M. The largest seller was Deutsche Bank, exiting entirely with an estimated $43.3M sold.
- 9 institutional investors held Iridium Communications Inc - 6.75% Series B (IRDMB) as of Q3 2018, down from 12 in Q2 2018.
- Funds reported $192M of Iridium Communications Inc - 6.75% Series B stock for Q3 2018, up 34% quarter-over-quarter.
- 1 fund opened new Iridium Communications Inc - 6.75% Series B positions in Q3 2018 and 4 closed out, a net change of -3 holders.
- The largest Iridium Communications Inc - 6.75% Series B buyer in Q3 2018 was Equitec Specialists, an estimated $55.4M added.
- The largest Iridium Communications Inc - 6.75% Series B seller in Q3 2018 was Deutsche Bank, an estimated $43.3M sold.
Based on aggregated 13F filings for Q3 2018.