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Open Text

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: 24 (+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: 173177 (+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
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$591M -$158M -7,668,404 -23%
JFL
2
Jarislowsky, Fraser Ltd
Quebec, Canada
$325M +$82.3M +3,982,500 +39%
Caisse de Depot et Placement du Quebec (CDPQ)
3
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$242M -$157K -7,600 -0.1%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$200M -$39.6M -1,914,872 -18%
Connor, Clark & Lunn Investment Management (CC&L)
5
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$166M -$3.76M -182,180 -3%
BGC
6
Beutel, Goodman & Co
Ontario, Canada
$163M -$69.6M -3,370,320 -35%
DGI
7
Disciplined Growth Investors
Minnesota
$163M +$1.54M +74,600 +1%
PIMC
8
Praesidium Investment Management Company
New York
$153M -$597K -28,908 -0.4%
Artisan Partners
9
Artisan Partners
Wisconsin
$147M -$145M -7,006,296 -52%
GMI
10
Greystone Managed Investments
Saskatchewan, Canada
$143M -$16.9M -816,296 -12%
CIBC Asset Management
11
CIBC Asset Management
Ontario, Canada
$127M -$1.03M -50,056 -0.9%
Canada Life
12
Canada Life
Manitoba, Canada
$105M +$4.54M +219,908 +5%
GCC
13
Guardian Capital (Canada)
Ontario, Canada
$93.6M +$20.2M +977,856 +32%
TD Asset Management
14
TD Asset Management
Ontario, Canada
$91.1M -$12.6M -608,184 -13%
NSCM
15
New South Capital Management
Tennessee
$86.1M +$5.68M +274,952 +8%
Invesco
16
Invesco
Georgia
$78.8M +$17.7M +855,576 +33%
Franklin Resources
17
Franklin Resources
California
$70.9M -$29.8M -1,442,628 -32%
Massachusetts Financial Services
18
Massachusetts Financial Services
Massachusetts
$68.6M -$4.39M -212,592 -7%
MBI
19
Montrusco Bolton Investments
Quebec, Canada
$66.9M +$23.3M +1,126,784 +63%
TCM
20
Tetrem Capital Management
Manitoba, Canada
$60.4M -$9.87M -477,540 -16%
AII
21
AGF Investments Inc
Ontario, Canada
$56.3M -$6.15M -297,664 -11%
LBA
22
Letko, Brosseau & Associates
Quebec, Canada
$53.4M -$5.04M -243,764 -9%
Public Sector Pension Investment Board (PSP Investments)
23
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$49.6M -$1.79M -86,800 -4%
Norges Bank
24
Norges Bank
Norway
$45.6M
CCMH
25
Cornerstone Capital Management Holdings
New York
$42.9M -$9.58M -463,424 -20%

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.