We are live on ! Find out more
OTEX icon

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
Connor, Clark & Lunn Investment Management (CC&L)
26
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$65.7M +$12.8M +318,444 +23%
TD Asset Management
27
TD Asset Management
Ontario, Canada
$64.7M -$1.33M -33,017 -2%
Bank of Nova Scotia
28
Bank of Nova Scotia
Ontario, Canada
$62.1M -$13M -323,583 -17%
BlackRock
29
BlackRock
New York
$56.4M +$1.75M +43,604 +3%
Legal & General Group
30
Legal & General Group
United Kingdom
$53.2M -$7.15M -177,599 -11%
FDCDDQ
31
Federation des caisses Desjardins du Quebec
Quebec, Canada
$52.3M +$4.61M +114,637 +13%
Geode Capital Management
32
Geode Capital Management
Massachusetts
$50.9M +$1.96M +48,594 +4%
Caisse de Depot et Placement du Quebec (CDPQ)
33
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$50.1M -$4.97M -123,581 -9%
JP Morgan Chase
34
JP Morgan Chase
New York
$50M +$8.65M +214,884 +20%
CAM
35
Cidel Asset Management
Ontario, Canada
$42.9M -$38.4M -954,259 -46%
IIM
36
Intact Investment Management
Quebec, Canada
$41.3M -$7.55M -187,640 -15%
Morgan Stanley
37
Morgan Stanley
New York
$40.3M -$19.4M -481,968 -32%
CIBC Asset Management
38
CIBC Asset Management
Ontario, Canada
$38.7M +$7.08M +175,864 +21%
Goldman Sachs
39
Goldman Sachs
New York
$36.9M +$10.6M +263,578 +38%
Canada Pension Plan Investment Board
40
Canada Pension Plan Investment Board
Ontario, Canada
$33.7M +$1.24M +30,895 +4%
Swiss National Bank
41
Swiss National Bank
Switzerland
$31.8M -$2.48M -61,700 -7%
Dimensional Fund Advisors
42
Dimensional Fund Advisors
Texas
$28.8M +$3.46M +85,899 +13%
TWC
43
TD Waterhouse Canada
Ontario, Canada
$28.7M +$1.11M +27,605 +5%
HSBC Holdings
44
HSBC Holdings
United Kingdom
$28.5M +$4.96M +123,169 +20%
CC
45
Criteria Caixa
Spain
$27.4M +$2.47M +61,500 +10%
AC
46
Addenda Capital
Quebec, Canada
$26.1M -$822K -20,420 -4%
Deutsche Bank
47
Deutsche Bank
Germany
$26M -$223K -5,539 -0.8%
SC
48
Scotia Capital
Ontario, Canada
$24.6M +$111K +2,749 +0.4%
CS
49
Credit Suisse
Switzerland
$22.7M +$598K +14,867 +3%
Sumitomo Mitsui Trust Group
50
Sumitomo Mitsui Trust Group
Japan
$21.6M -$33.7K -838 -0.2%
1
2
3 4 5

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.