Open Text
OTEX
233 hedge funds and large institutions have $4.51B invested in Open Text in 2015 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 85 increasing their positions, 91 reducing their positions, and 21 closing their positions.
52% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 21
4% more funds holding
Funds holding: 224 → 233 (+9)
7% less repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 91
9% less capital invested
Capital invested by funds: $4.94B → $4.51B (-$437M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
80% less call options, than puts
Call options by funds: $6.67M | Put options by funds: $33.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$70.3M |
| 2 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$54M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$37.5M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$32.3M |
| 5 |
NSCM
New South Capital Management
Memphis,
Tennessee
|
+$29.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$38.9M |
| 2 |
MCM
McKinley Capital Management
Anchorage,
Alaska
|
-$32.6M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$30.9M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$21.2M |
| 5 |
SAM
Sheffield Asset Management
Chicago,
Illinois
|
-$17M |
OTEX Hedge Fund Activity: Q1 2015 in Review
233 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q1 2015, worth a combined $4.51B — down 8.8% from $4.94B a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new OTEX positions and 21 closed out — a net gain of 11 holders — while 85 added to existing stakes and 91 trimmed.
The largest buyer was Vanguard Group, opening a new position worth an estimated $70.3M. The largest seller was Royal Bank of Canada, cutting an estimated $38.9M.
- 233 institutional investors held Open Text (OTEX) as of Q1 2015, up from 224 in Q4 2014.
- Funds reported $4.51B of Open Text stock for Q1 2015, down 8.8% quarter-over-quarter.
- 32 funds opened new Open Text positions in Q1 2015 and 21 closed out, a net change of +11 holders.
- The largest Open Text buyer in Q1 2015 was Vanguard Group, an estimated $70.3M added.
- The largest Open Text seller in Q1 2015 was Royal Bank of Canada, an estimated $38.9M sold.
Based on aggregated 13F filings for Q1 2015.