Open Text
OTEX
251 hedge funds and large institutions have $5.35B invested in Open Text in 2024 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 100 increasing their positions, 85 reducing their positions, and 57 closing their positions.
92% more call options, than puts
Call options by funds: $21.4M | Put options by funds: $11.2M
18% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 85
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
0.94% less ownership
Funds ownership: 66.11% → 65.18% (-0.94%)
8% less funds holding
Funds holding: 274 → 251 (-23)
11% less capital inflows, than outflows
Capital inflows: $602M | Capital outflows: $676M
33% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 57
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
+$89.9M |
| 2 |
TCAM
Turtle Creek Asset Management
Toronto,
Ontario, Canada
|
+$66.4M |
| 3 |
BIP
Brandes Investment Partners
La Jolla,
California
|
+$41.4M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$35.9M |
| 5 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
+$27.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
-$196M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$65.7M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$58.2M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$39.5M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$36.8M |
OTEX Hedge Fund Activity: Q2 2024 in Review
251 of the 6,940 institutional investors tracked by Wall St. Rank reported a position in Open Text (OTEX) for Q2 2024, worth a combined $5.35B — down 24% from $6.99B a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of OTEX and 38 opened new positions — a net loss of 19 holders — while 85 trimmed existing stakes and 100 added.
The largest buyer was Harris Associates, adding an estimated $89.9M. The largest seller was Fidelity International, cutting an estimated $196M.
- 251 institutional investors held Open Text (OTEX) as of Q2 2024, down from 274 in Q1 2024.
- Funds reported $5.35B of Open Text stock for Q2 2024, down 24% quarter-over-quarter.
- 38 funds opened new Open Text positions in Q2 2024 and 57 closed out, a net change of -19 holders.
- The largest Open Text buyer in Q2 2024 was Harris Associates, an estimated $89.9M added.
- The largest Open Text seller in Q2 2024 was Fidelity International, an estimated $196M sold.
Based on aggregated 13F filings for Q2 2024.