Open Text
OTEX
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.
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 (+$310M)
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
+$82.3M |
| 2 |
SAM
Sheffield Asset Management
Chicago,
Illinois
|
+$27.4M |
| 3 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
+$23.3M |
| 4 |
GCC
Guardian Capital (Canada)
Toronto,
Ontario, Canada
|
+$20.2M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$17.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$158M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$145M |
| 3 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$69.6M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$39.6M |
| 5 |
SI
Sentry Investments
Toronto,
Ontario, Canada
|
-$31.6M |
OTEX Hedge Fund Activity: Q4 2013 in Review
177 of the 3,459 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.