Opendoor
OPEN
81 hedge funds and large institutions have $388M invested in Opendoor in 2020 Q3 according to their latest regulatory filings, with 66 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 18 closing their positions.
267% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 18
145% more funds holding
Funds holding: 33 → 81 (+48)
125% more capital invested
Capital invested by funds: $172M → $388M (+$216M)
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
38% more call options, than puts
Call options by funds: $4.46M | Put options by funds: $3.24M
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
14.6% more ownership
Funds ownership: 36.56% → 51.16% (+15%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Suvretta Capital Management
New York
|
+$35.6M |
| 2 |
D.E. Shaw & Co
New York
|
+$20.3M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
+$16.4M |
| 4 |
DKCM
Davidson Kempner Capital Management
New York
|
+$12.3M |
| 5 |
SCM
Soros Capital Management
New York
|
+$12.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
LH Capital Markets
New York
|
-$32.7M |
| 2 |
MCM
Moore Capital Management
New York
|
-$11.7M |
| 3 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$9.13M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$8.29M |
| 5 |
RIA
RP Investment Advisors
Toronto,
Ontario, Canada
|
-$8.04M |
OPEN Hedge Fund Activity: Q3 2020 in Review
81 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Opendoor (OPEN) for Q3 2020, worth a combined $388M — up 125% from $172M a quarter earlier.
Buyers outnumbered sellers: 66 funds opened new OPEN positions and 18 closed out — a net gain of 48 holders — while 7 added to existing stakes and 6 trimmed.
The largest buyer was Suvretta Capital Management, adding an estimated $35.6M. The largest seller was LH Capital Markets, cutting an estimated $32.7M.
- 81 institutional investors held Opendoor (OPEN) as of Q3 2020, up from 33 in Q2 2020.
- Funds reported $388M of Opendoor stock for Q3 2020, up 125% quarter-over-quarter.
- 66 funds opened new Opendoor positions in Q3 2020 and 18 closed out, a net change of +48 holders.
- The largest Opendoor buyer in Q3 2020 was Suvretta Capital Management, an estimated $35.6M added.
- The largest Opendoor seller in Q3 2020 was LH Capital Markets, an estimated $32.7M sold.
Based on aggregated 13F filings for Q3 2020.