Open Text
OTEX
249 hedge funds and large institutions have $7.36B invested in Open Text in 2023 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 107 increasing their positions, 64 reducing their positions, and 37 closing their positions.
88% more call options, than puts
Call options by funds: $6.74M | Put options by funds: $3.58M
67% more repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 64
40% more capital invested
Capital invested by funds: $5.25B → $7.36B (+$2.11B)
3.36% more ownership
Funds ownership: 65.61% → 68.97% (+3.4%)
0% more funds holding in top 10
Funds holding in top 10: 9 → 9 (0)
5% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 37
2% less funds holding
Funds holding: 253 → 249 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$197M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$143M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$130M |
| 4 |
Amundi
Paris,
France
|
+$69.7M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$56.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$184M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$62.5M |
| 3 |
DGI
Disciplined Growth Investors
Minneapolis,
Minnesota
|
-$44.2M |
| 4 |
Goldman Sachs
New York
|
-$36.2M |
| 5 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
-$22M |
OTEX Hedge Fund Activity: Q1 2023 in Review
249 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q1 2023, worth a combined $7.36B — up 40% from $5.25B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of OTEX and 35 opened new positions — a net loss of 2 holders — while 64 trimmed existing stakes and 107 added.
The largest buyer was Fidelity International, adding an estimated $197M. The largest seller was Fidelity Investments, cutting an estimated $184M.
- 249 institutional investors held Open Text (OTEX) as of Q1 2023, down from 253 in Q4 2022.
- Funds reported $7.36B of Open Text stock for Q1 2023, up 40% quarter-over-quarter.
- 35 funds opened new Open Text positions in Q1 2023 and 37 closed out, a net change of -2 holders.
- The largest Open Text buyer in Q1 2023 was Fidelity International, an estimated $197M added.
- The largest Open Text seller in Q1 2023 was Fidelity Investments, an estimated $184M sold.
Based on aggregated 13F filings for Q1 2023.