Open Text
OTEX
209 hedge funds and large institutions have $3.98B invested in Open Text in 2014 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 75 increasing their positions, 67 reducing their positions, and 11 closing their positions.
291% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 11
52% more call options, than puts
Call options by funds: $12.2M | Put options by funds: $8.02M
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
18% more funds holding
Funds holding: 177 → 209 (+32)
12% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 67
3% less capital invested
Capital invested by funds: $4.1B → $3.98B (-$115M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$94.2M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$34.9M |
| 3 |
D.E. Shaw & Co
New York
|
+$30.2M |
| 4 |
T
TOBAM
Paris,
France
|
+$22.6M |
| 5 |
FS
Feinberg Stephen
|
+$15.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$230M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$136M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$54.3M |
| 4 |
PIMC
Praesidium Investment Management Company
New York
|
-$51.4M |
| 5 |
CCMH
Cornerstone Capital Management Holdings
New York
|
-$42.9M |
OTEX Hedge Fund Activity: Q1 2014 in Review
209 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q1 2014, worth a combined $3.98B — down 2.8% from $4.1B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new OTEX positions and 11 closed out — a net gain of 32 holders — while 75 added to existing stakes and 67 trimmed.
The largest buyer was 1832 Asset Management, adding an estimated $94.2M. The largest seller was Fidelity Investments, cutting an estimated $230M.
- 209 institutional investors held Open Text (OTEX) as of Q1 2014, up from 177 in Q4 2013.
- Funds reported $3.98B of Open Text stock for Q1 2014, down 2.8% quarter-over-quarter.
- 43 funds opened new Open Text positions in Q1 2014 and 11 closed out, a net change of +32 holders.
- The largest Open Text buyer in Q1 2014 was 1832 Asset Management, an estimated $94.2M added.
- The largest Open Text seller in Q1 2014 was Fidelity Investments, an estimated $230M sold.
Based on aggregated 13F filings for Q1 2014.