Open Text
OTEX
285 hedge funds and large institutions have $7.38B invested in Open Text in 2019 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 99 increasing their positions, 93 reducing their positions, and 26 closing their positions.
81% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 26
65% more call options, than puts
Call options by funds: $8.7M | Put options by funds: $5.26M
18% more capital invested
Capital invested by funds: $6.28B → $7.38B (+$1.11B)
8% more funds holding in top 10
Funds holding in top 10: 12 → 13 (+1)
7% more funds holding
Funds holding: 266 → 285 (+19)
6% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 93
0.14% less ownership
Funds ownership: 70.81% → 70.67% (-0.14%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Man Group
London,
United Kingdom
|
+$67.6M |
| 2 |
Goldman Sachs
New York
|
+$43.5M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$33.2M |
| 4 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
+$20.3M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$15.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$93M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$61.6M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$33M |
| 4 |
BHG
Blue Harbour Group
Greenwich,
Connecticut
|
-$31.8M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$22.9M |
OTEX Hedge Fund Activity: Q1 2019 in Review
285 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q1 2019, worth a combined $7.38B — up 18% from $6.28B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new OTEX positions and 26 closed out — a net gain of 21 holders — while 99 added to existing stakes and 93 trimmed.
The largest buyer was Man Group, adding an estimated $67.6M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $93M.
- 285 institutional investors held Open Text (OTEX) as of Q1 2019, up from 266 in Q4 2018.
- Funds reported $7.38B of Open Text stock for Q1 2019, up 18% quarter-over-quarter.
- 47 funds opened new Open Text positions in Q1 2019 and 26 closed out, a net change of +21 holders.
- The largest Open Text buyer in Q1 2019 was Man Group, an estimated $67.6M added.
- The largest Open Text seller in Q1 2019 was Manulife (Manufacturers Life Insurance), an estimated $93M sold.
Based on aggregated 13F filings for Q1 2019.