Open Text
OTEX
207 hedge funds and large institutions have $4.73B invested in Open Text in 2014 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 73 increasing their positions, 79 reducing their positions, and 12 closing their positions.
133% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 12
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
18% more capital invested
Capital invested by funds: $4B → $4.73B (+$726M)
8% more funds holding
Funds holding: 192 → 207 (+15)
8% less repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 79
42% less call options, than puts
Call options by funds: $12.2M | Put options by funds: $20.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
+$83.8M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$58.9M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$40.5M |
| 4 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
+$31.6M |
| 5 |
AI
Analytic Investors
Los Angeles,
California
|
+$25.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$52.9M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$50.8M |
| 3 |
PIMC
Praesidium Investment Management Company
New York
|
-$47M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$43.9M |
| 5 |
JP Morgan Chase
New York
|
-$17.4M |
OTEX Hedge Fund Activity: Q3 2014 in Review
207 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q3 2014, worth a combined $4.73B — up 18% from $4B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new OTEX positions and 12 closed out — a net gain of 16 holders — while 73 added to existing stakes and 79 trimmed.
The largest buyer was Allianz Asset Management, adding an estimated $83.8M. The largest seller was Norges Bank, cutting an estimated $52.9M.
- 207 institutional investors held Open Text (OTEX) as of Q3 2014, up from 192 in Q2 2014.
- Funds reported $4.73B of Open Text stock for Q3 2014, up 18% quarter-over-quarter.
- 28 funds opened new Open Text positions in Q3 2014 and 12 closed out, a net change of +16 holders.
- The largest Open Text buyer in Q3 2014 was Allianz Asset Management, an estimated $83.8M added.
- The largest Open Text seller in Q3 2014 was Norges Bank, an estimated $52.9M sold.
Based on aggregated 13F filings for Q3 2014.