Open Text
OTEX
297 hedge funds and large institutions have $7.62B invested in Open Text in 2019 Q2 according to their latest regulatory filings, with 47 funds opening new positions, 111 increasing their positions, 91 reducing their positions, and 31 closing their positions.
550% more call options, than puts
Call options by funds: $9M | Put options by funds: $1.38M
52% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 31
22% more repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 91
8% more funds holding in top 10
Funds holding in top 10: 13 → 14 (+1)
4% more funds holding
Funds holding: 285 → 297 (+12)
3% more capital invested
Capital invested by funds: $7.38B → $7.62B (+$236M)
2.87% less ownership
Funds ownership: 70.67% → 67.8% (-2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$39.9M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
+$26M |
| 3 |
Nordea Investment Management
Stockholm,
Sweden
|
+$25.6M |
| 4 |
Millennium Management
New York
|
+$21.1M |
| 5 |
APG Asset Management
Amsterdam,
Netherlands
|
+$19.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BHG
Blue Harbour Group
Greenwich,
Connecticut
|
-$104M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$102M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$90.7M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$40.3M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$40M |
OTEX Hedge Fund Activity: Q2 2019 in Review
297 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q2 2019, worth a combined $7.62B — up 3.2% from $7.38B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new OTEX positions and 31 closed out — a net gain of 16 holders — while 111 added to existing stakes and 91 trimmed.
The largest buyer was Arrowstreet Capital, adding an estimated $39.9M. The largest seller was Blue Harbour Group, cutting an estimated $104M.
- 297 institutional investors held Open Text (OTEX) as of Q2 2019, up from 285 in Q1 2019.
- Funds reported $7.62B of Open Text stock for Q2 2019, up 3.2% quarter-over-quarter.
- 47 funds opened new Open Text positions in Q2 2019 and 31 closed out, a net change of +16 holders.
- The largest Open Text buyer in Q2 2019 was Arrowstreet Capital, an estimated $39.9M added.
- The largest Open Text seller in Q2 2019 was Blue Harbour Group, an estimated $104M sold.
Based on aggregated 13F filings for Q2 2019.