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240 hedge funds and large institutions have $6.26B invested in Open Text in 2017 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 82 increasing their positions, 85 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

77% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 26

29% more funds holding in top 10

Funds holding in top 10: 79 (+2)

14% more capital invested

Capital invested by funds: $5.5B → $6.26B (+$754M)

7% more funds holding

Funds holding: 224240 (+16)

4% less repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 85

37% less call options, than puts

Call options by funds: $8.18M | Put options by funds: $12.9M

67.79% less ownership

Funds ownership: 137.15%69.36% (-68%)

Holders
240
Holders Change
+16
Holders Change %
+7.14%
% of All Funds
5.97%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.22%
New
46
Increased
82
Reduced
85
Closed
26
Calls
$8.18M
Puts
$12.9M
Net Calls
-$4.75M
Net Calls Change
-$8.17M
Name Holding Trade Value Shares
Change
Change in
Stake
Canada Life
26
Canada Life
Manitoba, Canada
$54.7M -$3.07M -92,288 -5%
TCM
27
TimesSquare Capital Management
New York
$54.5M +$271K +8,150 +0.5%
Russell Investments Group
28
Russell Investments Group
United Kingdom
$52.9M -$6.9M -207,413 -12%
AQR Capital Management
29
AQR Capital Management
Connecticut
$52.9M +$12.9M +387,401 +33%
Bank of Montreal
30
Bank of Montreal
Ontario, Canada
$52M -$20M -602,979 -28%
Arrowstreet Capital
31
Arrowstreet Capital
Massachusetts
$41.9M +$41.1M +1,235,226 New
First Trust Advisors
32
First Trust Advisors
Illinois
$38.4M +$3.71M +111,508 +11%
Swiss National Bank
33
Swiss National Bank
Switzerland
$36M -$13.3M -400,000 -27%
IIM
34
Intact Investment Management
Quebec, Canada
$35M -$10.6M -317,500 -29%
AII
35
AGF Investments Inc
Ontario, Canada
$34.3M +$7.04M +211,687 +27%
PIC
36
PCJ Investment Counsel
Ontario, Canada
$33.8M -$5.7M -171,490 -15%
Morgan Stanley
37
Morgan Stanley
New York
$31.4M -$14.7M -443,120 -32%
Bank of America
38
Bank of America
North Carolina
$30.2M -$160K -4,809 -0.5%
SCM
39
Snow Capital Management
Pennsylvania
$28.5M -$33.7M -1,014,173 -55%
Sumitomo Mitsui Trust Group
40
Sumitomo Mitsui Trust Group
Japan
$27M +$1.54M +46,382 +6%
Mackenzie Financial
41
Mackenzie Financial
Ontario, Canada
$26.6M +$5.13M +154,363 +25%
IGIM
42
I.G. Investment Management
Manitoba, Canada
$26.1M +$11.1M +334,700 +77%
MCM
43
McKinley Capital Management
Alaska
$24.6M +$2.23M +67,206 +10%
CIBC World Market
44
CIBC World Market
Ontario, Canada
$24.4M +$2.25M +67,794 +10%
Deutsche Bank
45
Deutsche Bank
Germany
$24M -$9.55M -287,115 -29%
PNC Financial Services Group
46
PNC Financial Services Group
Pennsylvania
$23.6M -$8.26M -248,591 -26%
Goldman Sachs
47
Goldman Sachs
New York
$22M -$15.2M -457,852 -41%
VRS
48
Virginia Retirement Systems
Virginia
$22M +$4.55M +137,000 +27%
SAM
49
Sheffield Asset Management
Illinois
$21.9M -$2.24M -67,300 -9%
Los Angeles Capital Management
50
Los Angeles Capital Management
California
$21.2M +$20.8M +626,320 New

OTEX Hedge Fund Activity: Q1 2017 in Review

240 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q1 2017, worth a combined $6.26B — up 14% from $5.5B a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new OTEX positions and 26 closed out — a net gain of 20 holders — while 82 added to existing stakes and 85 trimmed.

The largest buyer was Blue Harbour Group, opening a new position worth an estimated $100M. The largest seller was Snow Capital Management, cutting an estimated $33.7M.

  • 240 institutional investors held Open Text (OTEX) as of Q1 2017, up from 224 in Q4 2016.
  • Funds reported $6.26B of Open Text stock for Q1 2017, up 14% quarter-over-quarter.
  • 46 funds opened new Open Text positions in Q1 2017 and 26 closed out, a net change of +20 holders.
  • The largest Open Text buyer in Q1 2017 was Blue Harbour Group, an estimated $100M added.
  • The largest Open Text seller in Q1 2017 was Snow Capital Management, an estimated $33.7M sold.

Based on aggregated 13F filings for Q1 2017.