Open Text
OTEX
262 hedge funds and large institutions have $6.73B invested in Open Text in 2018 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 73 increasing their positions, 101 reducing their positions, and 23 closing their positions.
275% more call options, than puts
Call options by funds: $12.9M | Put options by funds: $3.44M
100% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 23
20% more funds holding in top 10
Funds holding in top 10: 10 → 12 (+2)
9% more funds holding
Funds holding: 240 → 262 (+22)
4% less capital invested
Capital invested by funds: $7.04B → $6.73B (-$310M)
1.6% less ownership
Funds ownership: 73.53% → 71.93% (-1.6%)
28% less repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 101
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$90.1M |
| 2 |
ESCM
Echo Street Capital Management
New York
|
+$47.6M |
| 3 |
PIMC
Praesidium Investment Management Company
New York
|
+$30.5M |
| 4 |
Canada Life
Winnipeg,
Manitoba, Canada
|
+$29.7M |
| 5 |
CAM
Cidel Asset Management
Toronto, Ontario,
Ontario, Canada
|
+$25.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$92.7M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$47.2M |
| 3 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$39.8M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$30.8M |
| 5 |
QI
QV Investors
Calgary,
Alberta, Canada
|
-$25.7M |
OTEX Hedge Fund Activity: Q1 2018 in Review
262 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q1 2018, worth a combined $6.73B — down 4.4% from $7.04B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new OTEX positions and 23 closed out — a net gain of 23 holders — while 73 added to existing stakes and 101 trimmed.
The largest buyer was CIBC World Market, adding an estimated $90.1M. The largest seller was Mackenzie Financial, cutting an estimated $92.7M.
- 262 institutional investors held Open Text (OTEX) as of Q1 2018, up from 240 in Q4 2017.
- Funds reported $6.73B of Open Text stock for Q1 2018, down 4.4% quarter-over-quarter.
- 46 funds opened new Open Text positions in Q1 2018 and 23 closed out, a net change of +23 holders.
- The largest Open Text buyer in Q1 2018 was CIBC World Market, an estimated $90.1M added.
- The largest Open Text seller in Q1 2018 was Mackenzie Financial, an estimated $92.7M sold.
Based on aggregated 13F filings for Q1 2018.