Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Open Text Corp (OTEX)

269 + Investors. Track Smart Money conviction in OTEX. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -16
Streak
2Q ▼
Buyers last Q
52%

Smart Money Signals — OTEX

Based on 272 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their OTEX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 91% of 3.0Y peak

91% of all-time peak
272 funds currently hold this stock — 91% of the 3.0-year high of 298 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding OTEX is almost the same as a year ago (+3 funds, +1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 52% buying

163 buying150 selling
Last quarter: 163 funds bought or added vs 150 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~49 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 42 → 49 → 48 → 49. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 19% medium ■ 17% new
174 out of 272 hedge funds have held OTEX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~49 new funds/quarter

37 → 42 → 49 → 48 → 49 new funds/Q
New funds entering each quarter: 42 → 49 → 48 → 49. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 68% veterans vs 20% newcomers

■ 68% veterans ■ 12% 1-2yr ■ 20% new
Entry-cohort mix of 287 holders: 196 (68%) are 2+ year veterans, 35 entered 1–2 years ago, and 56 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
51 of 269 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in OTEX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — OTEX

In 2026 Q2, 163 hedge funds were net buyers of OTEX (49 opened a new position, 114 added to an existing one), while 150 reduced or exited (85 trimmed, 65 sold completely) — a 52% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 46% of total institutional value in OTEX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -16 funds (more exits than new entries). Total institutional holders: 272.

Hedge Fund Ownership: OTEX

How many hedge funds hold OTEX — quarterly history vs. share price
Quarterly hedge fund ownership of OTEX vs. share price

Market Analysis: OTEX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: OTEX

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Open Text Corp (OTEX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much OTEX has moved relative to its sector benchmark (XLK) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 82d ago
OTEX
+1.9%
XLK
-0.5%

OTEX outperformed XLK by +2.4% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 37d ago
OTEX
-6.9%
XLK
-0.2%

Since the filing became public, OTEX outperformed XLK by -6.7% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

10 top-rated funds 3 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
2.5
/ 10
conviction
Hedge Fund Positioning: OTEX
269 + Investors

Track Smart Money conviction in OTEX. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 269 288 -6.6%
13F Shares 202M 191M 5.38%
Total Value $4.50B $4.16B 8.28%
New Positions 49 48 +1
Increased Positions 113 127 -14
Closed Positions 65 58 +7
Reduced Positions 81 82 -1
Total Calls 10 5 100.0%
Total Puts 8 5 60.0%
PUT/CALL Ratio 0.8 1.0 Neutral

Statistics: OTEX

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

269 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in OTEX. Verified SEC 13F-HR filings.

QUARTER:
Top 25 OTEX holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Value Partners Investments Inc. 3.73% 2,415,779 $53.4M
2 Permit Capital, LLC 3.27% 526,996 $11.7M
3 Letko, Brosseau & Associates Inc 2.89% 8,837,628 $195.5M
4 Guardian Capital LP 2.74% 5,097,794 $112.8M
5 Mangrove Partners IM, LLC 2.38% 1,637,946 $36.3M
6 Owlhouse Capital LP 2.16% 63,500 $1.4M
7 Brandes Investment Partners, LP 2.03% 13,061,929 $289.3M
8 New South Capital Management Inc 1.97% 2,028,024 $44.9M
9 Spark Investment Management LLC 1.51% 35,000 $774K
10 Quartz Partners, LLC 1.32% 182,637 $4.0M
11 Access Investment Management LLC 1.13% 200,096 $4.4M
12 Virtus Advisers, LLC 1.09% 90,450 $2.8M
13 Easterly Investment Partners LLC 1.08% 957,187 $21.2M
14 Lorne Steinberg Wealth Management Inc. 0.97% 214,033 $4.7M
15 Intact Investment Management INC. 0.96% 1,522,840 $33.7M
16 Henry James International Management Inc. 0.73% 110,288 $2.4M
17 Parvin Asset Management, LLC 0.58% 33,250 $736K
18 Cardinal Point Capital Management ULC 0.56% 447,449 $9.9M
19 Ridgewood Investments LLC 0.55% 66,302 $1.5M
20 FIL Ltd 0.30% 19,135,000 $423.5M
21 1832 Asset Management L.P. 0.28% 25,041,994 $554.7M
22 Manufacturers Life Insurance Company, the 0.21% 12,041,601 $266.6M
23 Mufg Securities (canada), LTD. 0.20% 342,649 $7.6M
24 JMN Financial LLC 0.19% 10,761 $238K
25 Jupiter Asset Management Ltd 0.18% 1,599,910 $35.4M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Open Text Corp (OTEX)

What does the Smart Money Trend signal show for OTEX?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their OTEX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for OTEX?

Slight buying edge — 52% buying: Last quarter: 163 funds bought or added vs 150 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for OTEX holders?

Elite ownership — 46% AUM from top-100 funds: 51 of 269 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in OTEX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held OTEX?

64% of holders stayed for 2+ years: 174 out of 272 hedge funds have held OTEX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Open Text Corp (OTEX) following the 2026 Q2 hedge fund 13F filings?

As of today, OTEX has moved -6.9% since the 2026 Q2 13F filing date (August 14, 2026), compared to -0.2% for the XLK sector ETF — an outperformance of -6.7%. Since the quarter end (June 30, 2026), OTEX has gained +1.9% vs -0.5% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →