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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
MSC
251
MUFG Securities (Canada)
New York
$5.47K +$5.67K +141 New
ETC
252
Exchange Traded Concepts
Oklahoma
$5.32K +$5.51K +137 New
Kayne Anderson Rudnick Investment Management
253
Kayne Anderson Rudnick Investment Management
California
$4.71K -$241 -6 -5%
CCM
254
Copeland Capital Management
Pennsylvania
$4.62K – – –
ZB
255
Zions Bancorporation
Utah
$4.12K -$1.53K -38 -26%
Acadian Asset Management
256
Acadian Asset Management
Massachusetts
$4K – – –
HIA
257
Harbor Investment Advisory
Maryland
$3.88K – – –
JWA
258
JFS Wealth Advisors
Pennsylvania
$3.34K – – –
FWM
259
FSA Wealth Management
Massachusetts
$2.6K – – –
CFO
260
CVA Family Office
Colorado
$2.25K – – –
BF
261
BOK Financial
Oklahoma
$2.19K – – –
SC
262
SouthState Corp
Florida
$1.94K +$2.01K +50 New
AF
263
Advisornet Financial
Minnesota
$1.82K -$161 -4 -8%
LFG
264
Larson Financial Group
Missouri
$1.46K – – –
SWM
265
Spire Wealth Management
Virginia
$1.32K +$1.37K +34 New
GWM
266
Geneos Wealth Management
Colorado
$1.24K – – –
MG
267
Mather Group
Illinois
$966 +$925 +23 New
SPIA
268
Steward Partners Investment Advisory
New York
$815 – – –
CA
269
Continuum Advisory
Idaho
$633 +$845 +21 New
GI
270
GAMMA Investing
California
$505 +$523 +13 New
PS
271
Principal Securities
Iowa
$505 +$523 +13 New
TWD
272
True Wealth Design
Ohio
$428 +$201 +5 +83%
SN
273
Sittner & Nelson
Oregon
$311 – – –
JFGIW
274
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$195 – – –
FGAM
275
Financial Gravity Asset Management
Texas
$27 -$1.25K -31 -97%
9 10
11
12 13

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.