Open Text
OTEX
284 hedge funds and large institutions have $7.79B invested in Open Text in 2020 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 104 increasing their positions, 103 reducing their positions, and 37 closing their positions.
67% more call options, than puts
Call options by funds: $10.8M | Put options by funds: $6.47M
1% more capital invested
Capital invested by funds: $7.7B → $7.79B (+$94.6M)
1% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 103
0% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 37
0.11% less ownership
Funds ownership: 66.11% → 66% (-0.11%)
1% less funds holding
Funds holding: 286 → 284 (-2)
27% less funds holding in top 10
Funds holding in top 10: 11 → 8 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$140M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$55.8M |
| 3 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
+$34.9M |
| 4 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
+$33.6M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIMC
Praesidium Investment Management Company
New York
|
-$77.1M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$42.8M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$36M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$32.9M |
| 5 |
NSCM
New South Capital Management
Memphis,
Tennessee
|
-$24.6M |
OTEX Hedge Fund Activity: Q3 2020 in Review
284 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q3 2020, worth a combined $7.79B — up 1.2% from $7.7B a quarter earlier.
Fund positioning in OTEX was balanced in Q3 2020: 37 funds opened new positions, 37 closed out, 104 added to existing stakes and 103 trimmed.
The largest buyer was BlackRock, adding an estimated $140M. The largest seller was Praesidium Investment Management Company, cutting an estimated $77.1M.
- 284 institutional investors held Open Text (OTEX) as of Q3 2020, down from 286 in Q2 2020.
- Funds reported $7.79B of Open Text stock for Q3 2020, up 1.2% quarter-over-quarter.
- 37 funds opened new Open Text positions in Q3 2020 and 37 closed out, a net change of 0 holders.
- The largest Open Text buyer in Q3 2020 was BlackRock, an estimated $140M added.
- The largest Open Text seller in Q3 2020 was Praesidium Investment Management Company, an estimated $77.1M sold.
Based on aggregated 13F filings for Q3 2020.