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Open Text
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177 hedge funds and large institutions have $4.1B invested in Open Text in 2013 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 61 increasing their positions, 68 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

21% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 24

8% more capital invested

Capital invested by funds: $3.79B → $4.1B (+$309M)

2% more funds holding

Funds holding: 173 → 177 (+4)

10% less repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 68

14% less call options, than puts

Call options by funds: $20.5M | Put options by funds: $23.9M

Holders
177
Holders Change
+4
Holders Change %
+2.31%
% of All Funds
5.14%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.12%
New
29
Increased
61
Reduced
68
Closed
24
Calls
$20.5M
Puts
$23.9M
Net Calls
-$3.42M
Net Calls Change
+$38.1M

Top Buyers

1
JFL
Jarislowsky, Fraser Ltd
Quebec, Canada
+$82.3M
2
SAM
Sheffield Asset Management
Illinois
+$27.4M
3
MBI
Montrusco Bolton Investments
Quebec, Canada
+$23.3M
4
GCC
Guardian Capital (Canada)
Ontario, Canada
+$20.2M
5
Invesco
Invesco
Georgia
+$17.7M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$158M
2
Artisan Partners
Artisan Partners
Wisconsin
-$145M
3
BGC
Beutel, Goodman & Co
Ontario, Canada
-$69.6M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$39.6M
5
SI
Sentry Investments
Ontario, Canada
-$31.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
DIA
176
Denver Investment Advisors
Colorado
$922 -$241K -11,660 -23%
SI
177
Sentry Investments
Ontario, Canada
– -$31.6M -1,695,600 Closed
VVP
178
Vulcan Value Partners
Alabama
– -$20.4M -1,092,616 Closed
Ohio Public Employees Retirement System (OPERS)
179
Ohio Public Employees Retirement System (OPERS)
Ohio
– -$20.1M -1,076,000 Closed
Renaissance Technologies
180
Renaissance Technologies
New York
– -$15.7M -843,416 Closed
TAM
181
Taylor Asset Management
Ontario, Canada
– -$14.9M -797,600 Closed
PI
182
Putnam Investments
Massachusetts
– -$4.29M -229,732 Closed
State of Tennessee, Department of Treasury
183
State of Tennessee, Department of Treasury
Tennessee
– -$3.25M -174,180 Closed
GMCM
184
Gruber & McBaine Capital Management
California
– -$2.99M -160,000 Closed
DC
185
Deere & Company
Illinois
– -$1.43M -76,392 Closed
Millennium Management
186
Millennium Management
New York
– -$984K -52,724 Closed
AI
187
Analytic Investors
California
– -$958K -51,200 Closed
AQR Capital Management
188
AQR Capital Management
Connecticut
– -$862K -46,184 Closed
WCA
189
Waratah Capital Advisors
Ontario, Canada
– -$784K -42,000 Closed
Luther King Capital Management (LKCM)
190
Luther King Capital Management (LKCM)
Texas
– -$694K -37,200 Closed
QBFM
191
QS Batterymarch Financial Management
New York
– -$659K -35,200 Closed
Susquehanna International Group
192
Susquehanna International Group
Pennsylvania
– -$702K -33,968 Closed
SCM
193
Southport Capital Management
Tennessee
– -$344K -18,440 Closed
DTL
194
Dynamic Technology Lab
Singapore
– -$249K -13,348 Closed
Macquarie Group
195
Macquarie Group
Australia
– -$226K -12,112 Closed
BP
196
Banyan Partners
Florida
– -$215K -11,496 Closed
TF
197
Trutina Financial
Washington
– -$24K -1,280 Closed
PG
198
PEAK6 Group
Illinois
– -$16.5K -800 Closed
BCAM
199
Boston Common Asset Management
Massachusetts
– -$9K -464 Closed
4 5 6 7
8

OTEX Hedge Fund Activity: Q4 2013 in Review

177 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q4 2013, worth a combined $4.1B — up 8.2% from $3.79B a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new OTEX positions and 24 closed out — a net gain of 5 holders — while 61 added to existing stakes and 68 trimmed.

The largest buyer was Jarislowsky, Fraser Ltd, adding an estimated $82.3M. The largest seller was Fidelity Investments, cutting an estimated $158M.

  • 177 institutional investors held Open Text (OTEX) as of Q4 2013, up from 173 in Q3 2013.
  • Funds reported $4.1B of Open Text stock for Q4 2013, up 8.2% quarter-over-quarter.
  • 29 funds opened new Open Text positions in Q4 2013 and 24 closed out, a net change of +5 holders.
  • The largest Open Text buyer in Q4 2013 was Jarislowsky, Fraser Ltd, an estimated $82.3M added.
  • The largest Open Text seller in Q4 2013 was Fidelity Investments, an estimated $158M sold.

Based on aggregated 13F filings for Q4 2013.