Optimum Communications Inc
OPTU
87 hedge funds and large institutions have $2.74B invested in Optimum Communications Inc in 2017 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 27 increasing their positions, 18 reducing their positions, and 39 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 18
1.36% less ownership
Funds ownership: 42.89% → 41.53% (-1.4%)
7% less funds holding
Funds holding: 94 → 87 (-7)
18% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 39
18% less capital invested
Capital invested by funds: $3.35B → $2.74B (-$607M)
33% less funds holding in top 10
Funds holding in top 10: 9 → 6 (-3)
62% less call options, than puts
Call options by funds: $1.09M | Put options by funds: $2.89M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$139M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$74.5M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$70.9M |
| 4 |
Goldman Sachs
New York
|
+$49.6M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$39.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$271M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$56.1M |
| 3 |
Winslow Capital Management
Minneapolis,
Minnesota
|
-$46.9M |
| 4 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$43.5M |
| 5 |
JCAM
Jericho Capital Asset Management
New York
|
-$32.3M |
OPTU Hedge Fund Activity: Q3 2017 in Review
87 of the 4,021 institutional investors tracked by Wall St. Rank reported a position in Optimum Communications Inc (OPTU) for Q3 2017, worth a combined $2.74B — down 18% from $3.35B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of OPTU and 32 opened new positions — a net loss of 7 holders — while 18 trimmed existing stakes and 27 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $139M. The largest seller was Lone Pine Capital, exiting entirely with an estimated $271M sold.
- 87 institutional investors held Optimum Communications Inc (OPTU) as of Q3 2017, down from 94 in Q2 2017.
- Funds reported $2.74B of Optimum Communications Inc stock for Q3 2017, down 18% quarter-over-quarter.
- 32 funds opened new Optimum Communications Inc positions in Q3 2017 and 39 closed out, a net change of -7 holders.
- The largest Optimum Communications Inc buyer in Q3 2017 was T. Rowe Price Associates, an estimated $139M added.
- The largest Optimum Communications Inc seller in Q3 2017 was Lone Pine Capital, an estimated $271M sold.
Based on aggregated 13F filings for Q3 2017.