Optimum Communications Inc
OPTU
248 hedge funds and large institutions have $864M invested in Optimum Communications Inc in 2023 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 79 increasing their positions, 89 reducing their positions, and 38 closing their positions.
10% more call options, than puts
Call options by funds: $13.8M | Put options by funds: $12.5M
0.58% more ownership
Funds ownership: 92.86% → 93.44% (+0.58%)
2% less funds holding
Funds holding: 253 → 248 (-5)
11% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 38
11% less repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 89
25% less capital invested
Capital invested by funds: $1.15B → $864M (-$290M)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$38.7M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$19.8M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$17.4M |
| 4 |
CCP
Clarkston Capital Partners
Rochester,
Michigan
|
+$11M |
| 5 |
BCA
Boundary Creek Advisors
New York
|
+$8.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Redwood Capital Management
New York
|
-$39.1M |
| 2 |
Barclays
London,
United Kingdom
|
-$29M |
| 3 |
LCM
Laurion Capital Management
New York
|
-$10M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$9.3M |
| 5 |
Millennium Management
New York
|
-$8M |
OPTU Hedge Fund Activity: Q1 2023 in Review
248 of the 6,282 institutional investors tracked by Wall St. Rank reported a position in Optimum Communications Inc (OPTU) for Q1 2023, worth a combined $864M — down 25% from $1.15B a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of OPTU and 34 opened new positions — a net loss of 4 holders — while 89 trimmed existing stakes and 79 added.
The largest buyer was Bank of America, adding an estimated $38.7M. The largest seller was Redwood Capital Management, cutting an estimated $39.1M.
- 248 institutional investors held Optimum Communications Inc (OPTU) as of Q1 2023, down from 253 in Q4 2022.
- Funds reported $864M of Optimum Communications Inc stock for Q1 2023, down 25% quarter-over-quarter.
- 34 funds opened new Optimum Communications Inc positions in Q1 2023 and 38 closed out, a net change of -4 holders.
- The largest Optimum Communications Inc buyer in Q1 2023 was Bank of America, an estimated $38.7M added.
- The largest Optimum Communications Inc seller in Q1 2023 was Redwood Capital Management, an estimated $39.1M sold.
Based on aggregated 13F filings for Q1 2023.