ORBCOMM, Inc.
ORBC
ORBC was delisted on the 31st of August, 2021.
120 hedge funds and large institutions have $470M invested in ORBCOMM, Inc. in 2016 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 39 increasing their positions, 35 reducing their positions, and 18 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 35
3% less funds holding
Funds holding: 124 → 120 (-4)
11% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 18
21% less capital invested
Capital invested by funds: $596M → $470M (-$126M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$19.7M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$11M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
+$7.65M |
| 4 |
AI
Ariel Investments
Chicago,
Illinois
|
+$6.53M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$2.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Raging Capital Management
Rocky Hill,
New Jersey
|
-$25.5M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$23M |
| 3 |
Jennison Associates
New York
|
-$9.68M |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$3.61M |
| 5 |
VCM
Venator Capital Management
Toronto,
Ontario, Canada
|
-$1.51M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LCG
126
Lisanti Capital Growth
New York
| – | -$386K | -37,630 | Closed |
|
127
Verition Fund Management
Greenwich,
Connecticut
| – | -$359K | -35,054 | Closed |
|
|
CPC
128
Cookson Peirce & Co
Pittsburgh,
Pennsylvania
| – | -$299K | -29,160 | Closed |
|
129
Citadel Advisors
Miami,
Florida
| – | -$218K | -21,225 | Closed |
|
|
GEM
130
Global Endowment Management
Charlotte,
North Carolina
| – | -$200K | -19,450 | Closed |
|
|
AL
131
Airain Ltd
St. Peter Port,
Guernsey
| – | -$167K | -16,315 | Closed |
|
|
BCM
132
BlueCrest Capital Management
St Helier,
Jersey
| – | -$158K | -15,458 | Closed |
|
133
Jane Street
New York
| – | -$148K | -14,426 | Closed |
|
|
PG
134
PEAK6 Group
Chicago,
Illinois
| – | -$137K | -13,391 | Closed |
|
135
Envestnet Asset Management
Chicago,
Illinois
| – | -$102K | -9,933 | Closed |
|
|
VC
136
Vestor Capital
Chicago,
Illinois
| – | -$40K | -3,925 | Closed |
|
|
CCS
137
Crosspoint Capital Strategies
Orinda,
California
| – | -$7K | -669 | Closed |
|
138
Creative Planning
Overland Park,
Kansas
| – | -$3K | -300 | Closed |
|
ORBC Hedge Fund Activity: Q4 2016 in Review
120 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in ORBCOMM, Inc. (ORBC) for Q4 2016, worth a combined $470M — down 21% from $596M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of ORBC and 16 opened new positions — a net loss of 2 holders — while 35 trimmed existing stakes and 39 added.
The largest buyer was BlackRock Fund Advisors, adding an estimated $19.7M. The largest seller was Raging Capital Management, cutting an estimated $25.5M.
- 120 institutional investors held ORBCOMM, Inc. (ORBC) as of Q4 2016, down from 124 in Q3 2016.
- Funds reported $470M of ORBCOMM, Inc. stock for Q4 2016, down 21% quarter-over-quarter.
- 16 funds opened new ORBCOMM, Inc. positions in Q4 2016 and 18 closed out, a net change of -2 holders.
- The largest ORBCOMM, Inc. buyer in Q4 2016 was BlackRock Fund Advisors, an estimated $19.7M added.
- The largest ORBCOMM, Inc. seller in Q4 2016 was Raging Capital Management, an estimated $25.5M sold.
Based on aggregated 13F filings for Q4 2016.