Open Text
OTEX
238 hedge funds and large institutions have $5.93B invested in Open Text in 2017 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 88 increasing their positions, 84 reducing their positions, and 29 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 84
0.66% more ownership
Funds ownership: 69.36% → 70.02% (+0.66%)
0% more funds holding in top 10
Funds holding in top 10: 9 → 9 (0)
1% less funds holding
Funds holding: 240 → 238 (-2)
7% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 29
5% less capital invested
Capital invested by funds: $6.26B → $5.93B (-$330M)
38% less call options, than puts
Call options by funds: $13.6M | Put options by funds: $22.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QI
QV Investors
Calgary,
Alberta, Canada
|
+$205M |
| 2 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
+$132M |
| 3 |
BHG
Blue Harbour Group
Greenwich,
Connecticut
|
+$131M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$27.5M |
| 5 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
+$14.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$136M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$65.1M |
| 3 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$37.6M |
| 4 |
MCM
McKinley Capital Management
Anchorage,
Alaska
|
-$24.6M |
| 5 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$21.9M |
OTEX Hedge Fund Activity: Q2 2017 in Review
238 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q2 2017, worth a combined $5.93B — down 5.3% from $6.26B a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of OTEX and 27 opened new positions — a net loss of 2 holders — while 84 trimmed existing stakes and 88 added.
The largest buyer was QV Investors, opening a new position worth an estimated $205M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $136M sold.
- 238 institutional investors held Open Text (OTEX) as of Q2 2017, down from 240 in Q1 2017.
- Funds reported $5.93B of Open Text stock for Q2 2017, down 5.3% quarter-over-quarter.
- 27 funds opened new Open Text positions in Q2 2017 and 29 closed out, a net change of -2 holders.
- The largest Open Text buyer in Q2 2017 was QV Investors, an estimated $205M added.
- The largest Open Text seller in Q2 2017 was 1832 Asset Management, an estimated $136M sold.
Based on aggregated 13F filings for Q2 2017.