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Open Text
OTEX

275 hedge funds and large institutions have $6.99B invested in Open Text in 2024 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 101 increasing their positions, 97 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

165% more call options, than puts

Call options by funds: $14.7M | Put options by funds: $5.53M

4% more repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 97

0.04% less ownership

Funds ownership: 66.16% → 66.11% (-0.04%)

1% less funds holding

Funds holding: 277 → 275 (-2)

5% less first-time investments, than exits

New positions opened: 36 | Existing positions closed: 38

8% less capital invested

Capital invested by funds: $7.58B → $6.99B (-$592M)

27% less funds holding in top 10

Funds holding in top 10: 11 → 8 (-3)

Holders
275
Holders Change
-2
Holders Change %
-0.72%
% of All Funds
3.96%
Holding in Top 10
8
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-27.27%
% of All Funds
0.12%
New
36
Increased
101
Reduced
97
Closed
38
Calls
$14.7M
Puts
$5.53M
Net Calls
+$9.15M
Net Calls Change
+$15M

Top Buyers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$157M
2
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$105M
3
First Trust Advisors
First Trust Advisors
Illinois
+$52.1M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$33.8M
5
GCC
Guardian Capital (Canada)
Ontario, Canada
+$22.9M

Top Sellers

1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$69.4M
2
CB
Cooke & Bieler
Pennsylvania
-$51.9M
3
Amundi
Amundi
France
-$47.8M
4
Fidelity International
Fidelity International
Bermuda
-$44M
5
Harris Associates
Harris Associates
Illinois
-$42.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Carson Wealth (CWM LLC)
226
Carson Wealth (CWM LLC)
Nebraska
$33K -$322 -8 -0.9%
HT
227
Headlands Technologies
Illinois
$32.3K +$33.4K +831 New
PP
228
Pacifica Partners
Canada
$31.3K – – –
MSFP
229
Mark Sheptoff Financial Planning
Connecticut
$31.1K – – –
IA
230
IFP Advisors
Florida
$25.5K – – –
GRP
231
Global Retirement Partners
California
$25K – – –
MIP
232
Mondrian Investment Partners
United Kingdom
$24.8K – – –
BHWM
233
Beaird Harris Wealth Management
Texas
$24K – – –
DMIC
234
Dixon Mitchell Investment Counsel
British Columbia, Canada
$23.2K +$24.1K +598 New
Northwestern Mutual Wealth Management
235
Northwestern Mutual Wealth Management
Wisconsin
$22.7K +$40 +1 +0.2%
AA
236
AlphaMark Advisors
Kentucky
$22K – – –
SAM
237
Smartleaf Asset Management
Massachusetts
$20K +$20.7K +515 New
HCP
238
Hexagon Capital Partners
Arkansas
$18.9K +$161 +4 +0.8%
HNB
239
Huntington National Bank
Ohio
$18.7K +$19.3K +480 +48,000%
ME
240
McIlrath & Eck
Washington
$17.6K +$14.8K +367 +422%
CA
241
Clearstead Advisors
Ohio
$14.8K -$3.06K -76 -14%
MPWT
242
MassMutual Private Wealth & Trust
Connecticut
$13.6K -$241 -6 -2%
LC
243
Lindbrook Capital
California
$13.3K -$2.25K -56 -14%
CPG
244
Cornerstone Planning Group
New Jersey
$12.2K – – –
Group One Trading
245
Group One Trading
Illinois
$9.67K +$10K +249 New
OC
246
Oakworth Capital
Alabama
$8.85K – – –
Fifth Third Bancorp
247
Fifth Third Bancorp
Ohio
$7.14K – – –
NA
248
NewEdge Advisors
Louisiana
$6.79K +$4.83K +120 +218%
Credit Agricole
249
Credit Agricole
France
$6.53K +$7.56K +188 New
CIBC Private Wealth Group
250
CIBC Private Wealth Group
Georgia
$5.76K +$6.04K +150 New
8 9
10
11 12

OTEX Hedge Fund Activity: Q1 2024 in Review

275 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q1 2024, worth a combined $6.99B — down 7.8% from $7.58B a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of OTEX and 36 opened new positions — a net loss of 2 holders — while 97 trimmed existing stakes and 101 added.

The largest buyer was Royal Bank of Canada, adding an estimated $157M. The largest seller was Arrowstreet Capital, cutting an estimated $69.4M.

  • 275 institutional investors held Open Text (OTEX) as of Q1 2024, down from 277 in Q4 2023.
  • Funds reported $6.99B of Open Text stock for Q1 2024, down 7.8% quarter-over-quarter.
  • 36 funds opened new Open Text positions in Q1 2024 and 38 closed out, a net change of -2 holders.
  • The largest Open Text buyer in Q1 2024 was Royal Bank of Canada, an estimated $157M added.
  • The largest Open Text seller in Q1 2024 was Arrowstreet Capital, an estimated $69.4M sold.

Based on aggregated 13F filings for Q1 2024.