Optimum Communications Inc
OPTU
165 hedge funds and large institutions have $657M invested in Optimum Communications Inc in 2024 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 45 increasing their positions, 64 reducing their positions, and 30 closing their positions.
505% more call options, than puts
Call options by funds: $9.9M | Put options by funds: $1.64M
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
2.23% more ownership
Funds ownership: 87.52% → 89.75% (+2.2%)
8% less funds holding
Funds holding: 179 → 165 (-14)
15% less capital invested
Capital invested by funds: $769M → $657M (-$112M)
30% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 64
47% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$54.5M |
| 2 |
BlackRock
New York
|
+$11.1M |
| 3 |
D.E. Shaw & Co
New York
|
+$8.66M |
| 4 |
PC
Paulson & Co
New York
|
+$2.92M |
| 5 |
SFI
Susquehanna Fundamental Investments
Bala Cynwyd,
Pennsylvania
|
+$1.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$9.65M |
| 2 |
Millennium Management
New York
|
-$9.27M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$7.31M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$6.38M |
| 5 |
RCM
Redwood Capital Management
New York
|
-$5.54M |
OPTU Hedge Fund Activity: Q1 2024 in Review
165 of the 6,957 institutional investors tracked by Wall St. Rank reported a position in Optimum Communications Inc (OPTU) for Q1 2024, worth a combined $657M — down 15% from $769M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of OPTU and 16 opened new positions — a net loss of 14 holders — while 64 trimmed existing stakes and 45 added.
The largest buyer was Fidelity Investments, adding an estimated $54.5M. The largest seller was AQR Capital Management, cutting an estimated $9.65M.
- 165 institutional investors held Optimum Communications Inc (OPTU) as of Q1 2024, down from 179 in Q4 2023.
- Funds reported $657M of Optimum Communications Inc stock for Q1 2024, down 15% quarter-over-quarter.
- 16 funds opened new Optimum Communications Inc positions in Q1 2024 and 30 closed out, a net change of -14 holders.
- The largest Optimum Communications Inc buyer in Q1 2024 was Fidelity Investments, an estimated $54.5M added.
- The largest Optimum Communications Inc seller in Q1 2024 was AQR Capital Management, an estimated $9.65M sold.
Based on aggregated 13F filings for Q1 2024.