Open Text
OTEX
267 hedge funds and large institutions have $4.76B invested in Open Text in 2022 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 98 increasing their positions, 93 reducing their positions, and 53 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 93
0.72% more ownership
Funds ownership: 65.64% → 66.36% (+0.72%)
4% less funds holding
Funds holding: 277 → 267 (-10)
15% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 53
29% less capital invested
Capital invested by funds: $6.75B → $4.76B (-$1.99B)
35% less call options, than puts
Call options by funds: $1.92M | Put options by funds: $2.97M
57% less funds holding in top 10
Funds holding in top 10: 7 → 3 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
+$144M |
| 2 |
Millennium Management
New York
|
+$65.8M |
| 3 |
Goldman Sachs
New York
|
+$56.7M |
| 4 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
+$50.1M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
+$49.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FPA
First Pacific Advisors
El Segundo,
California
|
-$138M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$132M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$106M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$43.8M |
| 5 |
QI
QV Investors
Calgary,
Alberta, Canada
|
-$40.1M |
OTEX Hedge Fund Activity: Q3 2022 in Review
267 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q3 2022, worth a combined $4.76B — down 29% from $6.75B a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of OTEX and 45 opened new positions — a net loss of 8 holders — while 93 trimmed existing stakes and 98 added.
The largest buyer was Cooke & Bieler, opening a new position worth an estimated $144M. The largest seller was First Pacific Advisors, exiting entirely with an estimated $138M sold.
- 267 institutional investors held Open Text (OTEX) as of Q3 2022, down from 277 in Q2 2022.
- Funds reported $4.76B of Open Text stock for Q3 2022, down 29% quarter-over-quarter.
- 45 funds opened new Open Text positions in Q3 2022 and 53 closed out, a net change of -8 holders.
- The largest Open Text buyer in Q3 2022 was Cooke & Bieler, an estimated $144M added.
- The largest Open Text seller in Q3 2022 was First Pacific Advisors, an estimated $138M sold.
Based on aggregated 13F filings for Q3 2022.