Open Text
OTEX
286 hedge funds and large institutions have $7.7B invested in Open Text in 2020 Q2 according to their latest regulatory filings, with 50 funds opening new positions, 88 increasing their positions, 109 reducing their positions, and 40 closing their positions.
25% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 40
22% more call options, than puts
Call options by funds: $5.82M | Put options by funds: $4.77M
19% more capital invested
Capital invested by funds: $6.46B → $7.7B (+$1.23B)
10% more funds holding in top 10
Funds holding in top 10: 10 → 11 (+1)
4% more funds holding
Funds holding: 276 → 286 (+10)
1.73% less ownership
Funds ownership: 67.84% → 66.11% (-1.7%)
19% less repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 109
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LBA
Letko, Brosseau & Associates
Montreal,
Quebec, Canada
|
+$50.8M |
| 2 |
BlackRock
New York
|
+$44.6M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$42.2M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$35.7M |
| 5 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
+$33.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$68.1M |
| 2 |
BHG
Blue Harbour Group
Greenwich,
Connecticut
|
-$60.7M |
| 3 |
DGI
Disciplined Growth Investors
Minneapolis,
Minnesota
|
-$48.7M |
| 4 |
QI
QV Investors
Calgary,
Alberta, Canada
|
-$39.4M |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
-$31.6M |
OTEX Hedge Fund Activity: Q2 2020 in Review
286 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q2 2020, worth a combined $7.7B — up 19% from $6.46B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new OTEX positions and 40 closed out — a net gain of 10 holders — while 88 added to existing stakes and 109 trimmed.
The largest buyer was Letko, Brosseau & Associates, opening a new position worth an estimated $50.8M. The largest seller was Caisse de Depot et Placement du Quebec (CDPQ), cutting an estimated $68.1M.
- 286 institutional investors held Open Text (OTEX) as of Q2 2020, up from 276 in Q1 2020.
- Funds reported $7.7B of Open Text stock for Q2 2020, up 19% quarter-over-quarter.
- 50 funds opened new Open Text positions in Q2 2020 and 40 closed out, a net change of +10 holders.
- The largest Open Text buyer in Q2 2020 was Letko, Brosseau & Associates, an estimated $50.8M added.
- The largest Open Text seller in Q2 2020 was Caisse de Depot et Placement du Quebec (CDPQ), an estimated $68.1M sold.
Based on aggregated 13F filings for Q2 2020.