Open Text
OTEX
202 hedge funds and large institutions have $4.47B invested in Open Text in 2016 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 75 increasing their positions, 58 reducing their positions, and 17 closing their positions.
153% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 17
29% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 58
12% more funds holding
Funds holding: 180 → 202 (+22)
8% more capital invested
Capital invested by funds: $4.14B → $4.47B (+$323M)
13% less call options, than puts
Call options by funds: $22.3M | Put options by funds: $25.6M
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCC
Guardian Capital (Canada)
Toronto,
Ontario, Canada
|
+$23.8M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$17.2M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$16.2M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$12.9M |
| 5 |
Renaissance Technologies
New York
|
+$10.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$68.9M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$59.3M |
| 3 |
SAM
Sheffield Asset Management
Chicago,
Illinois
|
-$18M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$14.8M |
| 5 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$10.9M |
OTEX Hedge Fund Activity: Q1 2016 in Review
202 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q1 2016, worth a combined $4.47B — up 7.8% from $4.14B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new OTEX positions and 17 closed out — a net gain of 26 holders — while 75 added to existing stakes and 58 trimmed.
The largest buyer was Guardian Capital (Canada), adding an estimated $23.8M. The largest seller was Fidelity Investments, cutting an estimated $68.9M.
- 202 institutional investors held Open Text (OTEX) as of Q1 2016, up from 180 in Q4 2015.
- Funds reported $4.47B of Open Text stock for Q1 2016, up 7.8% quarter-over-quarter.
- 43 funds opened new Open Text positions in Q1 2016 and 17 closed out, a net change of +26 holders.
- The largest Open Text buyer in Q1 2016 was Guardian Capital (Canada), an estimated $23.8M added.
- The largest Open Text seller in Q1 2016 was Fidelity Investments, an estimated $68.9M sold.
Based on aggregated 13F filings for Q1 2016.