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Open Text
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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
BIP
51
Brandes Investment Partners
California
$21.2M +$507K +12,598 +2%
OCAM
52
Onex Canada Asset Management
Ontario, Canada
$19.2M +$31.3K +778 +0.2%
AIMCA
53
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$16.8M +$181K +4,500 +1%
Amundi
54
Amundi
France
$16.5M -$47.8M -1,187,763 -71%
Skandinaviska Enskilda Banken (SEB)
55
Skandinaviska Enskilda Banken (SEB)
Sweden
$16.4M +$15.2M +378,724 +859%
Bank of New York Mellon
56
Bank of New York Mellon
New York
$16.2M -$1.76M -43,759 -10%
GCM
57
Galibier Capital Management
Ontario, Canada
$15.5M +$16.1M +399,643 New
N
58
Nuveen
North Carolina
$15.5M +$2.21M +54,964 +16%
PCH
59
Polar Capital Holdings
United Kingdom
$14.5M +$12.5M +309,890 New
EIP
60
Easterly Investment Partners
Massachusetts
$13M +$228K +5,657 +2%
NAM
61
NewGen Asset Management
Ontario, Canada
$11.1M -$5.5M -136,655 -32%
APG Asset Management
62
APG Asset Management
Netherlands
$10.7M +$4.06M +100,845 +51%
AM
63
AGF Management
Ontario, Canada
$10.6M +$10.5M +261,010 +2,283%
Aviva
64
Aviva
United Kingdom
$10.4M -$6.67M -165,715 -38%
Man Group
65
Man Group
United Kingdom
$9.96M -$13.4M -332,287 -56%
Citigroup
66
Citigroup
New York
$9.82M +$910K +22,625 +10%
DWM
67
Dorchester Wealth Management
Quebec, Canada
$9.15M +$15.3K +380 +0.2%
Franklin Resources
68
Franklin Resources
California
$8.82M +$45.3K +1,126 +0.5%
NPPM
69
North Point Portfolio Managers
Ohio
$8.42M -$25.4K -631 -0.3%
HIM
70
Hillsdale Investment Management
Ontario, Canada
$8.13M -$897K -22,300 -10%
RA
71
Royce & Associates
New York
$7.25M +$6.03M +149,807 +405%
HCM
72
Heathbridge Capital Management
Ontario, Canada
$7.23M -$378K -9,400 -5%
Allianz Asset Management
73
Allianz Asset Management
Germany
$7.08M +$197K +4,889 +3%
Russell Investments Group
74
Russell Investments Group
United Kingdom
$7.02M -$1.42M -35,212 -16%
Mitsubishi UFJ Trust & Banking
75
Mitsubishi UFJ Trust & Banking
Japan
$7.01M +$262K +6,500 +4%
1 2
3
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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.