Mitel Networks Corporation
MITL
MITL was delisted on the 30th of November, 2018.
114 hedge funds and large institutions have $706M invested in Mitel Networks Corporation in 2016 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 31 increasing their positions, 40 reducing their positions, and 17 closing their positions.
76% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 17
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
12% more funds holding
Funds holding: 102 → 114 (+12)
9% more capital invested
Capital invested by funds: $646M → $706M (+$60.2M)
23% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 40
46% less call options, than puts
Call options by funds: $74K | Put options by funds: $137K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$12.5M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$11.7M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$8.35M |
| 4 |
Millennium Management
New York
|
+$5.25M |
| 5 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
+$4.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$17.2M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$13.7M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$13.3M |
| 4 |
FPM
Francisco Partners Management
San Francisco,
California
|
-$11.8M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$8.65M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TSS
126
Two Sigma Securities
New York
| – | -$67K | -10,672 | Closed |
|
127
Envestnet Asset Management
Chicago,
Illinois
| – | -$22K | -3,535 | Closed |
|
|
FHA
128
First Horizon Advisors
Memphis,
Tennessee
| – | -$20K | -3,138 | Closed |
|
129
BlackRock
New York
| – | -$18K | -2,800 | Closed |
|
|
CCA
130
Checchi Capital Advisers
Beverly Hills,
California
| – | -$3K | -488 | Closed |
|
MITL Hedge Fund Activity: Q3 2016 in Review
114 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Mitel Networks Corporation (MITL) for Q3 2016, worth a combined $706M — up 9.3% from $646M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new MITL positions and 17 closed out — a net gain of 13 holders — while 31 added to existing stakes and 40 trimmed.
The largest buyer was Massachusetts Financial Services, opening a new position worth an estimated $12.5M. The largest seller was Royal Bank of Canada, cutting an estimated $17.2M.
- 114 institutional investors held Mitel Networks Corporation (MITL) as of Q3 2016, up from 102 in Q2 2016.
- Funds reported $706M of Mitel Networks Corporation stock for Q3 2016, up 9.3% quarter-over-quarter.
- 30 funds opened new Mitel Networks Corporation positions in Q3 2016 and 17 closed out, a net change of +13 holders.
- The largest Mitel Networks Corporation buyer in Q3 2016 was Massachusetts Financial Services, an estimated $12.5M added.
- The largest Mitel Networks Corporation seller in Q3 2016 was Royal Bank of Canada, an estimated $17.2M sold.
Based on aggregated 13F filings for Q3 2016.