Open Text
OTEX
280 hedge funds and large institutions have $7.56B invested in Open Text in 2023 Q2 according to their latest regulatory filings, with 55 funds opening new positions, 82 increasing their positions, 100 reducing their positions, and 22 closing their positions.
150% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 22
22% more funds holding in top 10
Funds holding in top 10: 9 → 11 (+2)
13% more funds holding
Funds holding: 248 → 280 (+32)
3% more capital invested
Capital invested by funds: $7.36B → $7.56B (+$207M)
2.13% less ownership
Funds ownership: 68.97% → 66.84% (-2.1%)
14% less call options, than puts
Call options by funds: $7.47M | Put options by funds: $8.65M
18% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 100
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Man Group
London,
United Kingdom
|
+$58.9M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$41.5M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$34.5M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$34.5M |
| 5 |
IIM
Intact Investment Management
Montreal,
Quebec, Canada
|
+$23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
-$130M |
| 2 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$59.7M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$50.3M |
| 4 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
-$39.5M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$31.4M |
OTEX Hedge Fund Activity: Q2 2023 in Review
280 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q2 2023, worth a combined $7.56B — up 2.8% from $7.36B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new OTEX positions and 22 closed out — a net gain of 33 holders — while 82 added to existing stakes and 100 trimmed.
The largest buyer was Man Group, opening a new position worth an estimated $58.9M. The largest seller was Harris Associates, cutting an estimated $130M.
- 280 institutional investors held Open Text (OTEX) as of Q2 2023, up from 248 in Q1 2023.
- Funds reported $7.56B of Open Text stock for Q2 2023, up 2.8% quarter-over-quarter.
- 55 funds opened new Open Text positions in Q2 2023 and 22 closed out, a net change of +33 holders.
- The largest Open Text buyer in Q2 2023 was Man Group, an estimated $58.9M added.
- The largest Open Text seller in Q2 2023 was Harris Associates, an estimated $130M sold.
Based on aggregated 13F filings for Q2 2023.