Open Text
OTEX
277 hedge funds and large institutions have $6.46B invested in Open Text in 2020 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 96 increasing their positions, 102 reducing their positions, and 40 closing their positions.
82% more call options, than puts
Call options by funds: $10.5M | Put options by funds: $5.78M
11% more funds holding in top 10
Funds holding in top 10: 9 → 10 (+1)
0.58% more ownership
Funds ownership: 67.26% → 67.84% (+0.58%)
6% less repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 102
4% less funds holding
Funds holding: 289 → 277 (-12)
20% less capital invested
Capital invested by funds: $8.08B → $6.46B (-$1.61B)
20% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 40
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$135M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$100M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$29M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$26.7M |
| 5 |
AII
AGF Investments Inc
Toronto,
Ontario, Canada
|
+$25.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$52.3M |
| 2 |
NSCM
New South Capital Management
Memphis,
Tennessee
|
-$33M |
| 3 |
Two Sigma Advisers
New York
|
-$27M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
-$26.9M |
| 5 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$25.2M |
OTEX Hedge Fund Activity: Q1 2020 in Review
277 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q1 2020, worth a combined $6.46B — down 20% from $8.08B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of OTEX and 32 opened new positions — a net loss of 8 holders — while 102 trimmed existing stakes and 96 added.
The largest buyer was Fidelity Investments, adding an estimated $135M. The largest seller was Fidelity International, cutting an estimated $52.3M.
- 277 institutional investors held Open Text (OTEX) as of Q1 2020, down from 289 in Q4 2019.
- Funds reported $6.46B of Open Text stock for Q1 2020, down 20% quarter-over-quarter.
- 32 funds opened new Open Text positions in Q1 2020 and 40 closed out, a net change of -8 holders.
- The largest Open Text buyer in Q1 2020 was Fidelity Investments, an estimated $135M added.
- The largest Open Text seller in Q1 2020 was Fidelity International, an estimated $52.3M sold.
Based on aggregated 13F filings for Q1 2020.