Optimum Communications Inc
OPTU
108 hedge funds and large institutions have $2.43B invested in Optimum Communications Inc in 2018 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 42 increasing their positions, 19 reducing their positions, and 21 closing their positions.
121% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 19
81% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 21
19% more funds holding
Funds holding: 91 → 108 (+17)
5.2% more ownership
Funds ownership: 47.97% → 53.17% (+5.2%)
2% less capital invested
Capital invested by funds: $2.47B → $2.43B (-$43.7M)
28% less call options, than puts
Call options by funds: $26M | Put options by funds: $36.2M
38% less funds holding in top 10
Funds holding in top 10: 8 → 5 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$226M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
+$55.1M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$51M |
| 4 |
LCM
Lakewood Capital Management
New York
|
+$45.5M |
| 5 |
HLC
Hunt Lane Capital
New York
|
+$33.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Scopia Capital Management
New York
|
-$76.1M |
| 2 |
JCAM
Jericho Capital Asset Management
New York
|
-$56.5M |
| 3 |
PC
Pelham Capital
London,
United Kingdom
|
-$54.3M |
| 4 |
HP
Hound Partners
New York
|
-$43.3M |
| 5 |
TBC
Three Bays Capital
Boston,
Massachusetts
|
-$26.6M |
OPTU Hedge Fund Activity: Q1 2018 in Review
108 of the 4,372 institutional investors tracked by Wall St. Rank reported a position in Optimum Communications Inc (OPTU) for Q1 2018, worth a combined $2.43B — down 1.8% from $2.47B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new OPTU positions and 21 closed out — a net gain of 17 holders — while 42 added to existing stakes and 19 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $226M. The largest seller was Scopia Capital Management, exiting entirely with an estimated $76.1M sold.
- 108 institutional investors held Optimum Communications Inc (OPTU) as of Q1 2018, up from 91 in Q4 2017.
- Funds reported $2.43B of Optimum Communications Inc stock for Q1 2018, down 1.8% quarter-over-quarter.
- 38 funds opened new Optimum Communications Inc positions in Q1 2018 and 21 closed out, a net change of +17 holders.
- The largest Optimum Communications Inc buyer in Q1 2018 was Royal Bank of Canada, an estimated $226M added.
- The largest Optimum Communications Inc seller in Q1 2018 was Scopia Capital Management, an estimated $76.1M sold.
Based on aggregated 13F filings for Q1 2018.