Open Text
OTEX
192 hedge funds and large institutions have $4B invested in Open Text in 2014 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 76 increasing their positions, 79 reducing their positions, and 28 closing their positions.
0% more capital invested
Capital invested by funds: $3.98B → $4B (+$19.2M)
4% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 79
8% less funds holding
Funds holding: 209 → 192 (-17)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
57% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 28
87% less call options, than puts
Call options by funds: $3.83M | Put options by funds: $30.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$48.6M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$47M |
| 3 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
+$40.4M |
| 4 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
+$39.6M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$17.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
-$42.6M |
| 2 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
-$30.3M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$26.9M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$21.8M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$20.7M |
OTEX Hedge Fund Activity: Q2 2014 in Review
192 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q2 2014, worth a combined $4B — up 0.48% from $3.98B a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of OTEX and 12 opened new positions — a net loss of 16 holders — while 79 trimmed existing stakes and 76 added.
The largest buyer was Royal Bank of Canada, adding an estimated $48.6M. The largest seller was Letko, Brosseau & Associates, cutting an estimated $42.6M.
- 192 institutional investors held Open Text (OTEX) as of Q2 2014, down from 209 in Q1 2014.
- Funds reported $4B of Open Text stock for Q2 2014, up 0.48% quarter-over-quarter.
- 12 funds opened new Open Text positions in Q2 2014 and 28 closed out, a net change of -16 holders.
- The largest Open Text buyer in Q2 2014 was Royal Bank of Canada, an estimated $48.6M added.
- The largest Open Text seller in Q2 2014 was Letko, Brosseau & Associates, an estimated $42.6M sold.
Based on aggregated 13F filings for Q2 2014.