Open Text
OTEX
180 hedge funds and large institutions have $4.14B invested in Open Text in 2015 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 65 increasing their positions, 67 reducing their positions, and 28 closing their positions.
65% more call options, than puts
Call options by funds: $16.7M | Put options by funds: $10.1M
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
6% more capital invested
Capital invested by funds: $3.91B → $4.14B (+$230M)
3% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 67
4% less funds holding
Funds holding: 188 → 180 (-8)
29% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Sheffield Asset Management
Chicago,
Illinois
|
+$36.2M |
| 2 |
PIMC
Praesidium Investment Management Company
New York
|
+$34.6M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$27M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$24.2M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$15.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$65.1M |
| 2 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$25.4M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$18.4M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$17.6M |
| 5 |
IGM
Incline Global Management
New York
|
-$16.6M |
OTEX Hedge Fund Activity: Q4 2015 in Review
180 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q4 2015, worth a combined $4.14B — up 5.9% from $3.91B a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of OTEX and 20 opened new positions — a net loss of 8 holders — while 67 trimmed existing stakes and 65 added.
The largest buyer was Sheffield Asset Management, opening a new position worth an estimated $36.2M. The largest seller was Fidelity Investments, cutting an estimated $65.1M.
- 180 institutional investors held Open Text (OTEX) as of Q4 2015, down from 188 in Q3 2015.
- Funds reported $4.14B of Open Text stock for Q4 2015, up 5.9% quarter-over-quarter.
- 20 funds opened new Open Text positions in Q4 2015 and 28 closed out, a net change of -8 holders.
- The largest Open Text buyer in Q4 2015 was Sheffield Asset Management, an estimated $36.2M added.
- The largest Open Text seller in Q4 2015 was Fidelity Investments, an estimated $65.1M sold.
Based on aggregated 13F filings for Q4 2015.