Open Text
OTEX
289 hedge funds and large institutions have $8.08B invested in Open Text in 2019 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 85 increasing their positions, 111 reducing their positions, and 18 closing their positions.
452% more call options, than puts
Call options by funds: $8.03M | Put options by funds: $1.45M
161% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 18
8% more capital invested
Capital invested by funds: $7.47B → $8.08B (+$603M)
7% more funds holding
Funds holding: 270 → 289 (+19)
0.2% more ownership
Funds ownership: 67.06% → 67.26% (+0.2%)
23% less repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 111
31% less funds holding in top 10
Funds holding in top 10: 13 → 9 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
+$137M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$55.8M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$39.4M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$38.9M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$36.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$44.5M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$44.1M |
| 3 |
QI
QV Investors
Calgary,
Alberta, Canada
|
-$42.2M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$33.2M |
| 5 |
SCM
Snow Capital Management
Sewickley,
Pennsylvania
|
-$29.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BFC
301
Bedel Financial Consulting
Indianapolis,
Indiana
| – | -$4K | -100 | Closed |
|
302
Twin Tree Management
Dallas,
Texas
| – | -$1K | -16 | Closed |
|
|
PWMG
303
Prestige Wealth Management Group
Flemington,
New Jersey
| – | +$252 | +6 | New |
|
OTEX Hedge Fund Activity: Q4 2019 in Review
289 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q4 2019, worth a combined $8.08B — up 8.1% from $7.47B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new OTEX positions and 18 closed out — a net gain of 29 holders — while 85 added to existing stakes and 111 trimmed.
The largest buyer was Harris Associates, adding an estimated $137M. The largest seller was Caisse de Depot et Placement du Quebec (CDPQ), cutting an estimated $44.5M.
- 289 institutional investors held Open Text (OTEX) as of Q4 2019, up from 270 in Q3 2019.
- Funds reported $8.08B of Open Text stock for Q4 2019, up 8.1% quarter-over-quarter.
- 47 funds opened new Open Text positions in Q4 2019 and 18 closed out, a net change of +29 holders.
- The largest Open Text buyer in Q4 2019 was Harris Associates, an estimated $137M added.
- The largest Open Text seller in Q4 2019 was Caisse de Depot et Placement du Quebec (CDPQ), an estimated $44.5M sold.
Based on aggregated 13F filings for Q4 2019.