Open Text
OTEX
224 hedge funds and large institutions have $5.42B invested in Open Text in 2016 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 79 increasing their positions, 77 reducing their positions, and 29 closing their positions.
135.01% more ownership
Funds ownership: 0% → 135.01% (+135%)
50% more call options, than puts
Call options by funds: $10.3M | Put options by funds: $6.83M
41% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 29
5% more funds holding
Funds holding: 213 → 224 (+11)
3% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 77
2% less capital invested
Capital invested by funds: $5.55B → $5.42B (-$135M)
36% less funds holding in top 10
Funds holding in top 10: 11 → 7 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$93.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$69.3M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$66.3M |
| 4 |
TCM
TimesSquare Capital Management
New York
|
+$49.7M |
| 5 |
SI
Sentry Investments
Toronto,
Ontario, Canada
|
+$42.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$95.9M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$64.4M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$47.8M |
| 4 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
-$28.1M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$24.9M |
OTEX Hedge Fund Activity: Q4 2016 in Review
224 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q4 2016, worth a combined $5.42B — down 2.4% from $5.55B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new OTEX positions and 29 closed out — a net gain of 12 holders — while 79 added to existing stakes and 77 trimmed.
The largest buyer was Caisse de Depot et Placement du Quebec (CDPQ), adding an estimated $93.5M. The largest seller was Franklin Resources, cutting an estimated $95.9M.
- 224 institutional investors held Open Text (OTEX) as of Q4 2016, up from 213 in Q3 2016.
- Funds reported $5.42B of Open Text stock for Q4 2016, down 2.4% quarter-over-quarter.
- 41 funds opened new Open Text positions in Q4 2016 and 29 closed out, a net change of +12 holders.
- The largest Open Text buyer in Q4 2016 was Caisse de Depot et Placement du Quebec (CDPQ), an estimated $93.5M added.
- The largest Open Text seller in Q4 2016 was Franklin Resources, an estimated $95.9M sold.
Based on aggregated 13F filings for Q4 2016.