Optimum Communications Inc
OPTU
305 hedge funds and large institutions have $7.69B invested in Optimum Communications Inc in 2020 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 94 increasing their positions, 125 reducing their positions, and 77 closing their positions.
15% more funds holding in top 10
Funds holding in top 10: 20 → 23 (+3)
4.33% less ownership
Funds ownership: 81.33% → 77% (-4.3%)
9% less funds holding
Funds holding: 337 → 305 (-32)
23% less capital invested
Capital invested by funds: $10B → $7.69B (-$2.33B)
25% less repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 125
32% less first-time investments, than exits
New positions opened: 52 | Existing positions closed: 77
77% less call options, than puts
Call options by funds: $14.7M | Put options by funds: $65M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VAM
Veritas Asset Management
London,
United Kingdom
|
+$246M |
| 2 |
SCH
Sylebra Capital (HK)
Hong Kong
|
+$106M |
| 3 |
SC
Samlyn Capital
New York
|
+$98.3M |
| 4 |
PCM
Palestra Capital Management
New York
|
+$84.3M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
+$55.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Melvin Capital Management
New York
|
-$260M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$130M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$123M |
| 4 |
JP Morgan Chase
New York
|
-$82.8M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$81.1M |
OPTU Hedge Fund Activity: Q1 2020 in Review
305 of the 4,546 institutional investors tracked by Wall St. Rank reported a position in Optimum Communications Inc (OPTU) for Q1 2020, worth a combined $7.69B — down 23% from $10B a quarter earlier.
Sellers outnumbered buyers: 77 funds closed out of OPTU and 52 opened new positions — a net loss of 25 holders — while 125 trimmed existing stakes and 94 added.
The largest buyer was Veritas Asset Management, adding an estimated $246M. The largest seller was Melvin Capital Management, exiting entirely with an estimated $260M sold.
- 305 institutional investors held Optimum Communications Inc (OPTU) as of Q1 2020, down from 337 in Q4 2019.
- Funds reported $7.69B of Optimum Communications Inc stock for Q1 2020, down 23% quarter-over-quarter.
- 52 funds opened new Optimum Communications Inc positions in Q1 2020 and 77 closed out, a net change of -25 holders.
- The largest Optimum Communications Inc buyer in Q1 2020 was Veritas Asset Management, an estimated $246M added.
- The largest Optimum Communications Inc seller in Q1 2020 was Melvin Capital Management, an estimated $260M sold.
Based on aggregated 13F filings for Q1 2020.