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280 hedge funds and large institutions have $6.13B invested in Open Text in 2024 Q3 according to their latest regulatory filings, with 57 funds opening new positions, 100 increasing their positions, 86 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

119% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 26

63% more call options, than puts

Call options by funds: $17.1M | Put options by funds: $10.5M

16% more repeat investments, than reductions

Existing positions increased: 100 | Existing positions reduced: 86

15% more capital invested

Capital invested by funds: $5.35B → $6.13B (+$786M)

12% more funds holding

Funds holding: 250 → 280 (+30)

3.14% more ownership

Funds ownership: 65.18% → 68.32% (+3.1%)

0% more funds holding in top 10

Funds holding in top 10: 8 → 8 (0)

Holders
280
Holders Change
+30
Holders Change %
+12%
% of All Funds
4.02%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
57
Increased
100
Reduced
86
Closed
26
Calls
$17.1M
Puts
$10.5M
Net Calls
+$6.56M
Net Calls Change
-$3.72M

Top Buyers

1
VPI
Value Partners Investments
Manitoba, Canada
+$75.4M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$75M
3
BIP
Brandes Investment Partners
California
+$52M
4
JFL
Jarislowsky, Fraser Ltd
Quebec, Canada
+$27.9M
5
Millennium Management
Millennium Management
New York
+$24M

Top Sellers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$91.5M
2
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
-$26.9M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$25.8M
4
Morgan Stanley
Morgan Stanley
New York
-$15.8M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$15.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
TWC
51
TD Waterhouse Canada
Ontario, Canada
$16.3M -$503K -15,976 -3%
Amundi
52
Amundi
France
$15.2M -$1.72M -54,557 -11%
PCH
53
Polar Capital Holdings
United Kingdom
$15.2M +$11.9M +377,405 New
UBS AM
54
UBS AM
Illinois
$15.1M -$1.76M -56,024 -11%
AC
55
Addenda Capital
Quebec, Canada
$14.9M -$3.75M -119,080 -26%
GCM
56
Galibier Capital Management
Ontario, Canada
$13.5M +$164K +5,207 +1%
Bank of New York Mellon
57
Bank of New York Mellon
New York
$11.5M -$1.99M -63,277 -16%
CGH
58
Crossmark Global Holdings
Texas
$11.2M +$9.84M +312,567 +1,290%
Russell Investments Group
59
Russell Investments Group
United Kingdom
$11.2M +$4.21M +133,610 +66%
PC
60
Permit Capital
Pennsylvania
$9.32M +$8.82M +280,000 New
IIM
61
Intact Investment Management
Quebec, Canada
$8.53M -$3M -95,200 -27%
DWM
62
Dorchester Wealth Management
Quebec, Canada
$8.3M +$306K +9,725 +4%
A
63
AustralianSuper
Australia
$8.01M +$7.58M +240,683 New
MSC
64
MUFG Securities (Canada)
New York
$7.93M +$2.95M +93,604 +65%
N
65
Nuveen
North Carolina
$7.59M -$189K -6,016 -3%
SEI Investments
66
SEI Investments
Pennsylvania
$7.39M +$1.93M +61,331 +38%
Franklin Resources
67
Franklin Resources
California
$7.09M +$1.08M +34,135 +20%
Aviva
68
Aviva
United Kingdom
$6.74M +$133K +4,224 +2%
Wellington Management Group
69
Wellington Management Group
Massachusetts
$6.68M +$1.98M +62,871 +46%
FAF
70
Första AP-fonden
Sweden
$6.61M +$3.83M +121,500 +158%
SRAIM
71
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$6.55M +$70.6K +2,240 +1%
AIM
72
Access Investment Management
Georgia
$6.51M +$6.16M +195,570 New
Mitsubishi UFJ Trust & Banking
73
Mitsubishi UFJ Trust & Banking
Japan
$6.29M +$207K +6,559 +4%
GCAC
74
Guardian Capital Advisors (Canada)
Ontario, Canada
$6.17M +$425K +13,486 +8%
Canada Life
75
Canada Life
Manitoba, Canada
$6.04M +$18.5K +588 +0.3%
1 2
3
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OTEX Hedge Fund Activity: Q3 2024 in Review

280 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q3 2024, worth a combined $6.13B — up 15% from $5.35B a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new OTEX positions and 26 closed out — a net gain of 31 holders — while 100 added to existing stakes and 86 trimmed.

The largest buyer was Value Partners Investments, adding an estimated $75.4M. The largest seller was Royal Bank of Canada, cutting an estimated $91.5M.

  • 280 institutional investors held Open Text (OTEX) as of Q3 2024, up from 250 in Q2 2024.
  • Funds reported $6.13B of Open Text stock for Q3 2024, up 15% quarter-over-quarter.
  • 57 funds opened new Open Text positions in Q3 2024 and 26 closed out, a net change of +31 holders.
  • The largest Open Text buyer in Q3 2024 was Value Partners Investments, an estimated $75.4M added.
  • The largest Open Text seller in Q3 2024 was Royal Bank of Canada, an estimated $91.5M sold.

Based on aggregated 13F filings for Q3 2024.