Open Text
OTEX
258 hedge funds and large institutions have $6.73B invested in Open Text in 2018 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 91 increasing their positions, 83 reducing their positions, and 31 closing their positions.
8% more funds holding in top 10
Funds holding in top 10: 12 → 13 (+1)
10% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 83
0% more capital invested
Capital invested by funds: $6.73B → $6.73B (+$5.07M)
3% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 31
1.16% less ownership
Funds ownership: 71.93% → 70.77% (-1.2%)
2% less funds holding
Funds holding: 262 → 258 (-4)
29% less call options, than puts
Call options by funds: $9.86M | Put options by funds: $13.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$255M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$40.1M |
| 3 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$30.6M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$28.1M |
| 5 |
OCAM
Onex Canada Asset Management
Toronto,
Ontario, Canada
|
+$26.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$267M |
| 2 |
ESCM
Echo Street Capital Management
New York
|
-$70.7M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$46M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$43.7M |
| 5 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
-$36.7M |
OTEX Hedge Fund Activity: Q2 2018 in Review
258 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q2 2018, worth a combined $6.73B — up 0.08% from $6.73B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of OTEX and 30 opened new positions — a net loss of 1 holder — while 83 trimmed existing stakes and 91 added.
The largest buyer was Fidelity International, opening a new position worth an estimated $255M. The largest seller was Fidelity Investments, cutting an estimated $267M.
- 258 institutional investors held Open Text (OTEX) as of Q2 2018, down from 262 in Q1 2018.
- Funds reported $6.73B of Open Text stock for Q2 2018, up 0.08% quarter-over-quarter.
- 30 funds opened new Open Text positions in Q2 2018 and 31 closed out, a net change of -1 holder.
- The largest Open Text buyer in Q2 2018 was Fidelity International, an estimated $255M added.
- The largest Open Text seller in Q2 2018 was Fidelity Investments, an estimated $267M sold.
Based on aggregated 13F filings for Q2 2018.