Open Text
OTEX
277 hedge funds and large institutions have $7.56B invested in Open Text in 2023 Q4 according to their latest regulatory filings, with 49 funds opening new positions, 94 increasing their positions, 91 reducing their positions, and 29 closing their positions.
69% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 29
57% more funds holding in top 10
Funds holding in top 10: 7 → 11 (+4)
19% more capital invested
Capital invested by funds: $6.34B → $7.56B (+$1.22B)
7% more funds holding
Funds holding: 258 → 277 (+19)
3% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 91
0.11% more ownership
Funds ownership: 65.82% → 65.93% (+0.11%)
38% less call options, than puts
Call options by funds: $9.57M | Put options by funds: $15.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ClearBridge Investments
New York
|
+$105M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$69.6M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$38.3M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$29.5M |
| 5 |
BGC
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
+$29.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$99.7M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$24.5M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$22.6M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$20.7M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$19.9M |
OTEX Hedge Fund Activity: Q4 2023 in Review
277 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q4 2023, worth a combined $7.56B — up 19% from $6.34B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new OTEX positions and 29 closed out — a net gain of 20 holders — while 94 added to existing stakes and 91 trimmed.
The largest buyer was ClearBridge Investments, opening a new position worth an estimated $105M. The largest seller was Franklin Resources, cutting an estimated $99.7M.
- 277 institutional investors held Open Text (OTEX) as of Q4 2023, up from 258 in Q3 2023.
- Funds reported $7.56B of Open Text stock for Q4 2023, up 19% quarter-over-quarter.
- 49 funds opened new Open Text positions in Q4 2023 and 29 closed out, a net change of +20 holders.
- The largest Open Text buyer in Q4 2023 was ClearBridge Investments, an estimated $105M added.
- The largest Open Text seller in Q4 2023 was Franklin Resources, an estimated $99.7M sold.
Based on aggregated 13F filings for Q4 2023.