Open Text
OTEX
240 hedge funds and large institutions have $6.11B invested in Open Text in 2017 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 95 increasing their positions, 80 reducing their positions, and 21 closing their positions.
29% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 21
19% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 80
3% more capital invested
Capital invested by funds: $5.93B → $6.11B (+$182M)
1% more funds holding
Funds holding: 238 → 240 (+2)
0.72% more ownership
Funds ownership: 70.02% → 70.74% (+0.72%)
22% less funds holding in top 10
Funds holding in top 10: 9 → 7 (-2)
35% less call options, than puts
Call options by funds: $3.72M | Put options by funds: $5.74M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$60.7M |
| 2 |
BHG
Blue Harbour Group
Greenwich,
Connecticut
|
+$54.1M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$52.7M |
| 4 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
+$42.3M |
| 5 |
RCM
Roystone Capital Management
New York
|
+$35.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$65.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$54.8M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$45.8M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$25.8M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$25.7M |
OTEX Hedge Fund Activity: Q3 2017 in Review
240 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q3 2017, worth a combined $6.11B — up 3.1% from $5.93B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new OTEX positions and 21 closed out — a net gain of 6 holders — while 95 added to existing stakes and 80 trimmed.
The largest buyer was Invesco, adding an estimated $60.7M. The largest seller was Arrowstreet Capital, exiting entirely with an estimated $65.2M sold.
- 240 institutional investors held Open Text (OTEX) as of Q3 2017, up from 238 in Q2 2017.
- Funds reported $6.11B of Open Text stock for Q3 2017, up 3.1% quarter-over-quarter.
- 27 funds opened new Open Text positions in Q3 2017 and 21 closed out, a net change of +6 holders.
- The largest Open Text buyer in Q3 2017 was Invesco, an estimated $60.7M added.
- The largest Open Text seller in Q3 2017 was Arrowstreet Capital, an estimated $65.2M sold.
Based on aggregated 13F filings for Q3 2017.