Iridium Communications Inc - 6.75% Series B
IRDMB
IRDMB was delisted on the 14th of May, 2019.
10 hedge funds and large institutions have $225M invested in Iridium Communications Inc - 6.75% Series B in 2019 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 3 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
47% more capital invested
Capital invested by funds: $153M → $225M (+$71.8M)
11% more funds holding
Funds holding: 9 → 10 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$8.16M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$7.74M |
| 3 |
ES
Equitec Specialists
Chicago,
Illinois
|
+$1.85M |
| 4 |
Goldman Sachs
New York
|
+$232K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$122K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$9.29M |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
-$927K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$222K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$174K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$32K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ES
1
Equitec Specialists
Chicago,
Illinois
| $111M | +$1.85M | +2,394 | +2% |
|
2
Geode Capital Management
Boston,
Massachusetts
| $56.6M | – | – | – |
|
3
SG Americas Securities
New York
| $27.7M | – | – | – |
|
|
4
BlackRock
New York
| $9.66M | +$8.16M | +10,543 | New |
|
|
5
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $9.16M | +$7.74M | +10,000 | New |
|
|
6
Franklin Resources
San Mateo,
California
| $7.18M | -$9.29M | -12,000 | -60% |
|
|
7
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $1.49M | +$122K | +158 | +11% |
|
8
Mirae Asset Global Investments
Seoul,
South Korea
| $739K | +$84.4K | +109 | +16% |
|
|
RJFSA
9
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| $505K | -$222K | -287 | -34% |
|
|
RJA
10
Raymond James & Associates
St Petersburg,
Florida
| $363K | -$174K | -225 | -36% |
|
|
11
Goldman Sachs
New York
| $275K | +$232K | +300 | New |
|
|
CL
12
CSS LLC
Chicago,
Illinois
| – | -$927K | -1,472 | Closed |
|
|
13
UBS Group
Zurich,
Switzerland
| – | -$32K | -51 | Closed |
|
IRDMB Hedge Fund Activity: Q1 2019 in Review
10 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Iridium Communications Inc - 6.75% Series B (IRDMB) for Q1 2019, worth a combined $225M — up 47% from $153M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new IRDMB positions and 2 closed out — a net gain of 1 holder — while 3 added to existing stakes and 3 trimmed.
The largest buyer was BlackRock, opening a new position worth an estimated $8.16M. The largest seller was Franklin Resources, cutting an estimated $9.29M.
- 10 institutional investors held Iridium Communications Inc - 6.75% Series B (IRDMB) as of Q1 2019, up from 9 in Q4 2018.
- Funds reported $225M of Iridium Communications Inc - 6.75% Series B stock for Q1 2019, up 47% quarter-over-quarter.
- 3 funds opened new Iridium Communications Inc - 6.75% Series B positions in Q1 2019 and 2 closed out, a net change of +1 holder.
- The largest Iridium Communications Inc - 6.75% Series B buyer in Q1 2019 was BlackRock, an estimated $8.16M added.
- The largest Iridium Communications Inc - 6.75% Series B seller in Q1 2019 was Franklin Resources, an estimated $9.29M sold.
Based on aggregated 13F filings for Q1 2019.