Optimum Communications Inc
OPTU
356 hedge funds and large institutions have $8.62B invested in Optimum Communications Inc in 2020 Q3 according to their latest regulatory filings, with 60 funds opening new positions, 117 increasing their positions, 134 reducing their positions, and 45 closing their positions.
33% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 45
13% more capital invested
Capital invested by funds: $7.65B → $8.62B (+$971M)
5% more funds holding in top 10
Funds holding in top 10: 21 → 22 (+1)
4% more funds holding
Funds holding: 341 → 356 (+15)
1.92% more ownership
Funds ownership: 82.41% → 84.33% (+1.9%)
13% less repeat investments, than reductions
Existing positions increased: 117 | Existing positions reduced: 134
61% less call options, than puts
Call options by funds: $29.1M | Put options by funds: $74.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
SRS Investment Management
New York
|
+$146M |
| 2 |
SCP
Soroban Capital Partners
New York
|
+$130M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$95.9M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$87.5M |
| 5 |
Holocene Advisors
New York
|
+$66.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VAM
Veritas Asset Management
London,
United Kingdom
|
-$392M |
| 2 |
BPA
BC Partners Advisors
New York
|
-$243M |
| 3 |
Neuberger Berman Group
New York
|
-$167M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$64.5M |
| 5 |
Renaissance Technologies
New York
|
-$53.9M |
OPTU Hedge Fund Activity: Q3 2020 in Review
356 of the 4,969 institutional investors tracked by Wall St. Rank reported a position in Optimum Communications Inc (OPTU) for Q3 2020, worth a combined $8.62B — up 13% from $7.65B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new OPTU positions and 45 closed out — a net gain of 15 holders — while 117 added to existing stakes and 134 trimmed.
The largest buyer was SRS Investment Management, adding an estimated $146M. The largest seller was Veritas Asset Management, exiting entirely with an estimated $392M sold.
- 356 institutional investors held Optimum Communications Inc (OPTU) as of Q3 2020, up from 341 in Q2 2020.
- Funds reported $8.62B of Optimum Communications Inc stock for Q3 2020, up 13% quarter-over-quarter.
- 60 funds opened new Optimum Communications Inc positions in Q3 2020 and 45 closed out, a net change of +15 holders.
- The largest Optimum Communications Inc buyer in Q3 2020 was SRS Investment Management, an estimated $146M added.
- The largest Optimum Communications Inc seller in Q3 2020 was Veritas Asset Management, an estimated $392M sold.
Based on aggregated 13F filings for Q3 2020.