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Open Text
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212 hedge funds and large institutions have $5.55B invested in Open Text in 2016 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 89 increasing their positions, 79 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more funds holding in top 10

Funds holding in top 10: 8 → 11 (+3)

13% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 79

10% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 20

9% more capital invested

Capital invested by funds: $5.11B → $5.55B (+$447M)

0% more funds holding

Funds holding: 212 → 212 (0)

10% less call options, than puts

Call options by funds: $14.7M | Put options by funds: $16.3M

Holders
212
Holders Change
–
Holders Change %
0%
% of All Funds
5.66%
Holding in Top 10
11
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+37.5%
% of All Funds
0.29%
New
22
Increased
89
Reduced
79
Closed
20
Calls
$14.7M
Puts
$16.3M
Net Calls
-$1.64M
Net Calls Change
+$4.46M

Top Buyers

1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$44.8M
2
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$35.4M
3
GMI
Greystone Managed Investments
Saskatchewan, Canada
+$22.9M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$21.1M
5
MCM
McKinley Capital Management
Alaska
+$15.1M

Top Sellers

1
Franklin Resources
Franklin Resources
California
-$163M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$29.1M
3
PIMC
Praesidium Investment Management Company
New York
-$16.5M
4
KMC
Kirr Marbach & Co
Indiana
-$14.8M
5
Goldman Sachs
Goldman Sachs
New York
-$11.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
JFL
1
Jarislowsky, Fraser Ltd
Quebec, Canada
$558M +$6.84M +219,046 +1%
Caisse de Depot et Placement du Quebec (CDPQ)
2
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$471M – – –
Fidelity Investments
3
Fidelity Investments
Massachusetts
$335M +$338K +10,828 +0.1%
BGC
4
Beutel, Goodman & Co
Ontario, Canada
$325M -$5.17M -165,550 -2%
Connor, Clark & Lunn Investment Management (CC&L)
5
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$236M +$5.69M +182,042 +3%
NSCM
6
New South Capital Management
Tennessee
$226M +$2.39M +76,340 +1%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$210M +$11.2M +359,742 +6%
DGI
8
Disciplined Growth Investors
Minnesota
$194M -$2.94M -94,250 -2%
Manulife (Manufacturers Life Insurance)
9
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$179M +$13.6M +434,278 +9%
GCC
10
Guardian Capital (Canada)
Ontario, Canada
$160M -$8.97M -286,978 -5%
TD Asset Management
11
TD Asset Management
Ontario, Canada
$152M +$1.58M +50,500 +1%
Vanguard Group
12
Vanguard Group
Pennsylvania
$151M +$1.92M +61,402 +1%
Franklin Resources
13
Franklin Resources
California
$111M -$163M -5,218,334 -60%
Invesco
14
Invesco
Georgia
$95.6M +$8.4M +268,822 +10%
PIMC
15
Praesidium Investment Management Company
New York
$95.5M -$16.5M -526,812 -15%
Fiera Capital (Canada)
16
Fiera Capital (Canada)
Quebec, Canada
$92.7M -$29.1M -932,396 -25%
1832 Asset Management
17
1832 Asset Management
Ontario, Canada
$90.6M +$35.4M +1,134,380 +68%
AIMCA
18
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$84.1M +$12.4M +396,800 +25%
CIBC Asset Management
19
CIBC Asset Management
Ontario, Canada
$82.7M +$14.5M +463,590 +22%
Bank of Montreal
20
Bank of Montreal
Ontario, Canada
$80.8M +$21.1M +674,244 +37%
SCM
21
Snow Capital Management
Pennsylvania
$70.3M -$5.86M -187,422 -8%
Norges Bank
22
Norges Bank
Norway
$69.4M +$987K +31,602 +1%
EA
23
Emerald Acquisition
Washington
$63.4M -$2.89M -92,562 -5%
Allianz Asset Management
24
Allianz Asset Management
Germany
$59.7M -$1.3M -41,632 -2%
Canada Life
25
Canada Life
Manitoba, Canada
$56.2M -$1.51M -48,252 -3%
1
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OTEX Hedge Fund Activity: Q3 2016 in Review

212 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q3 2016, worth a combined $5.55B — up 8.8% from $5.11B a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new OTEX positions and 20 closed out — a net gain of 2 holders — while 89 added to existing stakes and 79 trimmed.

The largest buyer was Arrowstreet Capital, adding an estimated $44.8M. The largest seller was Franklin Resources, cutting an estimated $163M.

  • 212 institutional investors held Open Text (OTEX) as of Q3 2016, unchanged from Q2 2016.
  • Funds reported $5.55B of Open Text stock for Q3 2016, up 8.8% quarter-over-quarter.
  • 22 funds opened new Open Text positions in Q3 2016 and 20 closed out, a net change of +2 holders.
  • The largest Open Text buyer in Q3 2016 was Arrowstreet Capital, an estimated $44.8M added.
  • The largest Open Text seller in Q3 2016 was Franklin Resources, an estimated $163M sold.

Based on aggregated 13F filings for Q3 2016.