Open Text
OTEX
173 hedge funds and large institutions have $3.79B invested in Open Text in 2013 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 67 increasing their positions, 55 reducing their positions, and 20 closing their positions.
25% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 20
22% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 55
9% more capital invested
Capital invested by funds: $3.49B → $3.79B (+$302M)
2% more funds holding
Funds holding: 169 → 173 (+4)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
61% less call options, than puts
Call options by funds: $26.3M | Put options by funds: $67.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
+$37M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$25.2M |
| 3 |
HSA
Hussman Strategic Advisors
Ellicott City,
Maryland
|
+$17.5M |
| 4 |
Renaissance Technologies
New York
|
+$14.8M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$10.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$92.9M |
| 2 |
GMI
Greystone Managed Investments
Regina,
Saskatchewan, Canada
|
-$27.1M |
| 3 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
-$24.5M |
| 4 |
CCMH
Cornerstone Capital Management Holdings
New York
|
-$15.5M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$15.2M |
OTEX Hedge Fund Activity: Q3 2013 in Review
173 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q3 2013, worth a combined $3.79B — up 8.7% from $3.49B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new OTEX positions and 20 closed out — a net gain of 5 holders — while 67 added to existing stakes and 55 trimmed.
The largest buyer was Jarislowsky, Fraser Ltd, adding an estimated $37M. The largest seller was Fidelity Investments, cutting an estimated $92.9M.
- 173 institutional investors held Open Text (OTEX) as of Q3 2013, up from 169 in Q2 2013.
- Funds reported $3.79B of Open Text stock for Q3 2013, up 8.7% quarter-over-quarter.
- 25 funds opened new Open Text positions in Q3 2013 and 20 closed out, a net change of +5 holders.
- The largest Open Text buyer in Q3 2013 was Jarislowsky, Fraser Ltd, an estimated $37M added.
- The largest Open Text seller in Q3 2013 was Fidelity Investments, an estimated $92.9M sold.
Based on aggregated 13F filings for Q3 2013.