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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
Bank of America
76
Bank of America
North Carolina
$6.88M -$4.22M -104,802 -37%
Canada Life
77
Canada Life
Manitoba, Canada
$6.6M -$1.68M -41,813 -20%
Neuberger Berman Group
78
Neuberger Berman Group
New York
$6.26M +$696K +17,296 +12%
Barclays
79
Barclays
United Kingdom
$6.09M +$2.02M +50,107 +47%
AR
80
Advisory Research
Illinois
$6.04M +$274K +6,810 +5%
State of Tennessee, Department of Treasury
81
State of Tennessee, Department of Treasury
Tennessee
$6.02M – – –
UBS Group
82
UBS Group
Switzerland
$5.61M +$188K +4,670 +3%
LI
83
Louisbourg Investments
New Brunswick, Canada
$5.6M +$1.39M +34,666 +32%
Toronto Dominion Bank
84
Toronto Dominion Bank
Ontario, Canada
$5.48M -$39.7M -986,484 -87%
Pictet Asset Management
85
Pictet Asset Management
Switzerland
$5.11M -$82K -2,037 -2%
Northern Trust
86
Northern Trust
Illinois
$4.82M -$24K -597 -0.5%
LSWM
87
Lorne Steinberg Wealth Management
Canada
$4.66M +$91.5K +2,275 +2%
GCAC
88
Guardian Capital Advisors (Canada)
Ontario, Canada
$4.64M +$3.16M +78,617 +146%
HJIM
89
Henry James International Management
New York
$4.58M +$591K +14,700 +14%
MSV
90
MN Services Vermogensbeheer
Netherlands
$4.26M -$575K -14,300 -12%
DekaBank Deutsche Girozentrale
91
DekaBank Deutsche Girozentrale
Germany
$4.14M -$147K -3,663 -3%
KM
92
Kabouter Management
Illinois
$4.11M -$1.58M -39,291 -27%
Renaissance Technologies
93
Renaissance Technologies
New York
$4.07M +$1.2M +29,800 +40%
Wellington Management Group
94
Wellington Management Group
Massachusetts
$3.99M -$298K -7,412 -7%
Korea Investment Corp
95
Korea Investment Corp
South Korea
$3.71M +$86.4K +2,147 +2%
NAM
96
NorthCrest Asset Manangement
Minnesota
$3.6M +$13.4K +332 +0.4%
MSAM
97
Moloney Securities Asset Management
Missouri
$3.34M -$39.4K -978 -1%
Qube Research & Technologies (QRT)
98
Qube Research & Technologies (QRT)
United Kingdom
$3.26M +$3.38M +83,990 New
Jane Street
99
Jane Street
New York
$3.23M -$2.36M -58,767 -41%
American Century Companies
100
American Century Companies
Missouri
$3.17M -$881K -21,902 -21%
2 3
4
5 6

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.