Open Text
OTEX
270 hedge funds and large institutions have $7.47B invested in Open Text in 2019 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 97 increasing their positions, 100 reducing their positions, and 46 closing their positions.
419% more call options, than puts
Call options by funds: $7.14M | Put options by funds: $1.38M
0.74% less ownership
Funds ownership: 67.8% → 67.06% (-0.74%)
2% less capital invested
Capital invested by funds: $7.62B → $7.47B (-$145M)
3% less repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 100
7% less funds holding in top 10
Funds holding in top 10: 14 → 13 (-1)
9% less funds holding
Funds holding: 297 → 270 (-27)
59% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 46
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
+$146M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$75.1M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$68.8M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$45.7M |
| 5 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
+$44.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$115M |
| 2 |
BHG
Blue Harbour Group
Greenwich,
Connecticut
|
-$84.4M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$61.2M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$61M |
| 5 |
Goldman Sachs
New York
|
-$43.8M |
OTEX Hedge Fund Activity: Q3 2019 in Review
270 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q3 2019, worth a combined $7.47B — down 1.9% from $7.62B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of OTEX and 19 opened new positions — a net loss of 27 holders — while 100 trimmed existing stakes and 97 added.
The largest buyer was Harris Associates, opening a new position worth an estimated $146M. The largest seller was Beutel, Goodman & Co, cutting an estimated $115M.
- 270 institutional investors held Open Text (OTEX) as of Q3 2019, down from 297 in Q2 2019.
- Funds reported $7.47B of Open Text stock for Q3 2019, down 1.9% quarter-over-quarter.
- 19 funds opened new Open Text positions in Q3 2019 and 46 closed out, a net change of -27 holders.
- The largest Open Text buyer in Q3 2019 was Harris Associates, an estimated $146M added.
- The largest Open Text seller in Q3 2019 was Beutel, Goodman & Co, an estimated $115M sold.
Based on aggregated 13F filings for Q3 2019.