Optimum Communications Inc
OPTU
191 hedge funds and large institutions have $749M invested in Optimum Communications Inc in 2023 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 57 increasing their positions, 72 reducing their positions, and 76 closing their positions.
122% more call options, than puts
Call options by funds: $23.3M | Put options by funds: $10.5M
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
1.61% less ownership
Funds ownership: 93.44% → 91.83% (-1.6%)
13% less capital invested
Capital invested by funds: $864M → $749M (-$116M)
21% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 72
23% less funds holding
Funds holding: 248 → 191 (-57)
74% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 76
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Redwood Capital Management
New York
|
+$28.2M |
| 2 |
Millennium Management
New York
|
+$12.4M |
| 3 |
Primecap Management
Pasadena,
California
|
+$10.5M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$7.07M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$5.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$27.7M |
| 2 |
BlackRock
New York
|
-$20.1M |
| 3 |
APG Asset Management
Amsterdam,
Netherlands
|
-$5.95M |
| 4 |
State Street
Boston,
Massachusetts
|
-$5.84M |
| 5 |
TGA
TPG GP A
Fort Worth,
Texas
|
-$4.79M |
OPTU Hedge Fund Activity: Q2 2023 in Review
191 of the 6,382 institutional investors tracked by Wall St. Rank reported a position in Optimum Communications Inc (OPTU) for Q2 2023, worth a combined $749M — down 13% from $864M a quarter earlier.
Sellers outnumbered buyers: 76 funds closed out of OPTU and 20 opened new positions — a net loss of 56 holders — while 72 trimmed existing stakes and 57 added.
The largest buyer was Redwood Capital Management, adding an estimated $28.2M. The largest seller was Bank of America, cutting an estimated $27.7M.
- 191 institutional investors held Optimum Communications Inc (OPTU) as of Q2 2023, down from 248 in Q1 2023.
- Funds reported $749M of Optimum Communications Inc stock for Q2 2023, down 13% quarter-over-quarter.
- 20 funds opened new Optimum Communications Inc positions in Q2 2023 and 76 closed out, a net change of -56 holders.
- The largest Optimum Communications Inc buyer in Q2 2023 was Redwood Capital Management, an estimated $28.2M added.
- The largest Optimum Communications Inc seller in Q2 2023 was Bank of America, an estimated $27.7M sold.
Based on aggregated 13F filings for Q2 2023.