Optimum Communications Inc
OPTU
340 hedge funds and large institutions have $8.57B invested in Optimum Communications Inc in 2021 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 93 increasing their positions, 144 reducing their positions, and 70 closing their positions.
37% more call options, than puts
Call options by funds: $84.4M | Put options by funds: $61.5M
7% less first-time investments, than exits
New positions opened: 65 | Existing positions closed: 70
2% less funds holding
Funds holding: 348 → 340 (-8)
6.29% less ownership
Funds ownership: 96.96% → 90.67% (-6.3%)
19% less capital invested
Capital invested by funds: $10.6B → $8.57B (-$2.07B)
30% less funds holding in top 10
Funds holding in top 10: 30 → 21 (-9)
35% less repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 144
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$132M |
| 2 |
SI
Standard Investments
New York
|
+$121M |
| 3 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$117M |
| 4 |
UBS AM
Chicago,
Illinois
|
+$102M |
| 5 |
State Street
Boston,
Massachusetts
|
+$57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
SRS Investment Management
New York
|
-$177M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
-$137M |
| 3 |
Millennium Management
New York
|
-$115M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$89.7M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$67M |
OPTU Hedge Fund Activity: Q1 2021 in Review
340 of the 5,710 institutional investors tracked by Wall St. Rank reported a position in Optimum Communications Inc (OPTU) for Q1 2021, worth a combined $8.57B — down 19% from $10.6B a quarter earlier.
Sellers outnumbered buyers: 70 funds closed out of OPTU and 65 opened new positions — a net loss of 5 holders — while 144 trimmed existing stakes and 93 added.
The largest buyer was HG Vora Capital Management, opening a new position worth an estimated $132M. The largest seller was SRS Investment Management, cutting an estimated $177M.
- 340 institutional investors held Optimum Communications Inc (OPTU) as of Q1 2021, down from 348 in Q4 2020.
- Funds reported $8.57B of Optimum Communications Inc stock for Q1 2021, down 19% quarter-over-quarter.
- 65 funds opened new Optimum Communications Inc positions in Q1 2021 and 70 closed out, a net change of -5 holders.
- The largest Optimum Communications Inc buyer in Q1 2021 was HG Vora Capital Management, an estimated $132M added.
- The largest Optimum Communications Inc seller in Q1 2021 was SRS Investment Management, an estimated $177M sold.
Based on aggregated 13F filings for Q1 2021.