Open Text
OTEX
240 hedge funds and large institutions have $7.04B invested in Open Text in 2017 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 75 increasing their positions, 86 reducing their positions, and 32 closing their positions.
255% more call options, than puts
Call options by funds: $8.93M | Put options by funds: $2.51M
43% more funds holding in top 10
Funds holding in top 10: 7 → 10 (+3)
15% more capital invested
Capital invested by funds: $6.11B → $7.04B (+$924M)
2.79% more ownership
Funds ownership: 70.74% → 73.53% (+2.8%)
9% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 32
0% more funds holding
Funds holding: 240 → 240 (0)
13% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 86
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$203M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$79.5M |
| 3 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$61.9M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$61.8M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$50.8M |
| 2 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
-$32.6M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$22.8M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$22M |
| 5 |
Millennium Management
New York
|
-$20.9M |
OTEX Hedge Fund Activity: Q4 2017 in Review
240 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q4 2017, worth a combined $7.04B — up 15% from $6.11B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new OTEX positions and 32 closed out — a net gain of 3 holders — while 75 added to existing stakes and 86 trimmed.
The largest buyer was Mackenzie Financial, adding an estimated $203M. The largest seller was Connor, Clark & Lunn Investment Management (CC&L), cutting an estimated $50.8M.
- 240 institutional investors held Open Text (OTEX) as of Q4 2017, unchanged from Q3 2017.
- Funds reported $7.04B of Open Text stock for Q4 2017, up 15% quarter-over-quarter.
- 35 funds opened new Open Text positions in Q4 2017 and 32 closed out, a net change of +3 holders.
- The largest Open Text buyer in Q4 2017 was Mackenzie Financial, an estimated $203M added.
- The largest Open Text seller in Q4 2017 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $50.8M sold.
Based on aggregated 13F filings for Q4 2017.