Open Text
OTEX
258 hedge funds and large institutions have $6.34B invested in Open Text in 2023 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 102 increasing their positions, 86 reducing their positions, and 43 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 86
6% less call options, than puts
Call options by funds: $9.47M | Put options by funds: $10.1M
1.02% less ownership
Funds ownership: 66.84% → 65.82% (-1%)
8% less funds holding
Funds holding: 280 → 258 (-22)
16% less capital invested
Capital invested by funds: $7.56B → $6.34B (-$1.22B)
36% less funds holding in top 10
Funds holding in top 10: 11 → 7 (-4)
44% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 43
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$55.3M |
| 2 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
+$33.9M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$23.4M |
| 4 |
Legal & General Group
London,
United Kingdom
|
+$20.5M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
+$17.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$82.2M |
| 2 |
Man Group
London,
United Kingdom
|
-$57.4M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$37.1M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$30.5M |
| 5 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$28.8M |
OTEX Hedge Fund Activity: Q3 2023 in Review
258 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q3 2023, worth a combined $6.34B — down 16% from $7.56B a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of OTEX and 24 opened new positions — a net loss of 19 holders — while 86 trimmed existing stakes and 102 added.
The largest buyer was Caisse de Depot et Placement du Quebec (CDPQ), opening a new position worth an estimated $55.3M. The largest seller was Arrowstreet Capital, cutting an estimated $82.2M.
- 258 institutional investors held Open Text (OTEX) as of Q3 2023, down from 280 in Q2 2023.
- Funds reported $6.34B of Open Text stock for Q3 2023, down 16% quarter-over-quarter.
- 24 funds opened new Open Text positions in Q3 2023 and 43 closed out, a net change of -19 holders.
- The largest Open Text buyer in Q3 2023 was Caisse de Depot et Placement du Quebec (CDPQ), an estimated $55.3M added.
- The largest Open Text seller in Q3 2023 was Arrowstreet Capital, an estimated $82.2M sold.
Based on aggregated 13F filings for Q3 2023.