Open Text

OTEX • NASDAQ

Open Text is a software - application company in the technology sector on NASDAQ, led by James McGourlay, with a market cap of $8.5B. As of Q3 2025, 72% of shares are held by 273 institutional investors, with Jarislowsky, Fraser Ltd as the largest holder at 8.32%.

Interim Chief Executive OfficerJames McGourlay

Market Cap$8.5B

Software - Application

Technology

Employees23.7K

Websiteopentext.com

Country

United States of America

Overview

Overview of institutional ownership in OTEX as of Q3 2025 with a market cap of $9.5B

All Institutions

Institutions: 273
Value Held: $6.8B
Shares Held: 182.6M
Avg Position: $25.0M
Median Position: $1.1M

Hedge Funds

Hedge Funds: 16
Value Held: $320.0M
Shares Held: 8.6M
Avg Position: $20.0M
Median Position: $1.6M

Ownership Breakdown

Institutional (non-HF)

68.5%

$6.5B

Hedge Funds

3.37%

$320.0M

Retail & Other

28.13%

$2.7B

Based on market cap of $9.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in OTEX as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Jarislowsky, Fraser Ltd Long Only Manager	Marc Jeffrey Rowan CEO	$790.7M 4.35% of portfolio	8.32% 21.2M shares	≤ Q2 2013 Held for 12y 5m+	$18.2B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$436.9M 0.01% of portfolio	4.60% 11.7M shares	Q1 2015 Held for 10y 8m	$6.69T
F FIL Ltd Institution	-	$429.9M 0.34% of portfolio	4.52% 11.5M shares	Q1 2022 Held for 3y 8m	$127.75B
R ROYAL BANK OF CANADA Institution	-	$385.9M 0.07% of portfolio	4.06% 10.3M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
M MANUFACTURERES LIFE INSURANCE CO Institution	-	$359.3M 0.30% of portfolio	3.78% 9.6M shares	≤ Q2 2013 Held for 12y 5m+	$120.17B
FIRST TRUST ADVISORS LP ETF Provider	James Allen Bowen CEO	$337.4M 0.25% of portfolio	3.55% 9.0M shares	≤ Q2 2013 Held for 12y 5m+	$134.11B
B BRANDES INVESTMENT PARTNERS, LP Long Only Manager	Oliver Michael Murray CEO	$336.4M 2.70% of portfolio	3.54% 9.0M shares	Q3 2021 Held for 4y 2m	$12.5B
Beutel, Goodman & Co Ltd. Long Only Manager	Jackie Corneil Managing Partner	$224.8M 1.36% of portfolio	2.36% 6.0M shares	≤ Q2 2013 Held for 12y 5m+	$16.6B
LETKO, BROSSEAU & ASSOCIATES INC Long Only Manager	Thomas Massey Birks Chairman	$211.4M 3.63% of portfolio	2.22% 5.7M shares	Q4 2017 Held for 7y 11m	$5.8B
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	Anthony Ryan CEO	$165.3M 0.10% of portfolio	1.74% 4.4M shares	Q1 2018 Held for 7y 8m	$158.92B

Net Capital Flow

Institutional buying and selling activity for OTEX in Q3 2025

Net Flow: +$151.3M
Buyers: 119
Sellers: 113
Total Bought: +$895.4M
Total Sold: −$744.1M
Avg Position: $25.4M

Biggest Buyers

Institution	Net Bought	Current Position
M MANUFACTURERES LIFE INSURANCE CO Institution	+$199.5M +5.3M shares	$359.3M 9.6M shares
R ROYAL BANK OF CANADA Institution	+$131.8M +3.5M shares	$385.9M 10.3M shares
F FIL Ltd Institution	+$128.6M +3.4M shares	$429.9M 11.5M shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	+$70.9M +1.9M shares	$86.4M 2.3M shares
G GCIC Ltd. Institution	+$44.6M +1.2M shares	$136.2M 3.6M shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$31.8M +851.3K shares	$96.9M 2.6M shares
FIRST TRUST ADVISORS LP ETF Provider	+$28.6M +765.4K shares	$337.4M 9.0M shares
MORGAN STANLEY RIA/Wealth	+$26.6M +710.6K shares	$61.0M 1.6M shares
B BRANDES INVESTMENT PARTNERS, LP Long Only Manager	+$23.6M +631.1K shares	$336.4M 9.0M shares
Federation des caisses Desjardins du Quebec Fund of Funds	+$22.9M +614.9K shares	$64.8M 1.7M shares

Biggest Sellers

Institution	Net Sold	Current Position
HARRIS ASSOCIATES L P Long Only Manager	−$160.8M −5.5M shares	Sold Off 0 shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$123.6M −3.3M shares	$165.3M 4.4M shares
T Turtle Creek Asset Management Inc. Institution	−$115.9M −3.1M shares	$2.0M 53.2K shares
COOKE & BIELER LP Long Only Manager	−$65.8M −1.8M shares	$160.0M 4.3M shares
N NATIONAL BANK OF CANADA /FI/ Institution	−$37.8M −1.0M shares	$94.3M 2.5M shares
BANK OF NOVA SCOTIA / Institution	−$34.4M −918.7K shares	$29.9M 800.8K shares
A AXA Institution	−$21.3M −730.7K shares	Sold Off 0 shares
Beutel, Goodman & Co Ltd. Long Only Manager	−$17.9M −478.6K shares	$224.8M 6.0M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$13.5M −461.6K shares	Sold Off 0 shares
V Value Partner Investments Inc. Institution	−$12.6M −335.9K shares	$83.2M 2.2M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited OTEX in Q3 2025

New Positions: 14
New Value: $17.5M
Exited Positions: 30
Exited Value: $222.0M

New Positions

Institution	Position Value
P PICTON MAHONEY ASSET MANAGEMENT Institution	$11.7M 312.2K shares
SUSQUEHANNA ADVISORS GROUP, INC. Private Equity	$1.2M 32.6K shares
L LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA RIA/Wealth	$1.1M 28.0K shares
U Utah Retirement Systems Institution	$1.1M 28.5K shares
KESTRA PRIVATE WEALTH SERVICES, LLC RIA/Wealth	$905.6K 24.2K shares
Glenmede Investment Management, LP Long Only Manager	$395.9K 10.6K shares
V Vise Technologies, Inc. Institution	$325.3K 8.7K shares
Caption Management, LLC Hedge Fund•Long/Short	$261.7K 7.0K shares
Cetera Investment Advisers RIA/Wealth	$246.4K 6.6K shares
Savant Capital, LLC RIA/Wealth	$212.2K 5.7K shares

Exited Positions

Institution	Previous Position
HARRIS ASSOCIATES L P Long Only Manager	$160.8M 5.5M shares
A AXA Institution	$21.3M 730.7K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$13.5M 461.6K shares
A Andra AP-fonden Institution	$7.9M 197.9K shares
M MACQUARIE GROUP LTD Institution	$3.0M 75.1K shares
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$2.4M 83.3K shares
S SIG North Trading, ULC Institution	$2.1M 72.9K shares
M Man Group plc Institution	$2.0M 69.5K shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	$1.9M 66.5K shares
O ONTARIO TEACHERS PENSION PLAN BOARD Institution	$1.6M 55.9K shares

Options Activity

Institutions with the largest Call and Put options positions in OTEX as of Q3 2025

Call Positions: 12
Call Value: $22.8M
Put Positions: 7
Put Value: $3.5M

Call Positions

Institution	Position Value
S SIG North Trading, ULC Institution	$9.6M 2.6K contracts
P PEAK6 LLC Institution	$3.3M 881.0 contracts
A AYAL Capital Advisors Ltd Institution	$2.6M 700.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.1M 553.0 contracts
J JANE STREET GROUP, LLC Institution	$1.1M 286.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$1.0M 273.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$717.7K 192.0 contracts
C CIBC World Markets Inc. Institution	$672.7K 180.0 contracts
W WOLVERINE TRADING, LLC Institution	$566.0K 150.0 contracts
Walleye Trading LLC RIA/Wealth	$527.1K 141.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.8M 472.0 contracts
S SIG North Trading, ULC Institution	$1.1M 295.0 contracts
Walleye Trading LLC RIA/Wealth	$407.4K 109.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$100.9K 27.0 contracts
TORONTO DOMINION BANK Institution	$78.5K 21.0 contracts
W WOLVERINE TRADING, LLC Institution	- - contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts

Most Committed Institutions

Institutions with OTEX as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
CDAM Ltd Hedge Fund•Value	Adam Chamberlain CEO	13.51% $74.9M	0.79% 2.0M shares	Q4 2017 Held for 7y 11m	$554.4M
V Value Partner Investments Inc. Institution	-	6.79% $83.2M	0.88% 2.2M shares	Q2 2022 Held for 3y 5m	$1.2B
GUARDIAN CAPITAL LP Long Only Manager	George Mavroudis CEO	5.00% $154.1M	1.62% 4.1M shares	≤ Q2 2013 Held for 12y 5m+	$3.1B
Jarislowsky, Fraser Ltd Long Only Manager	Marc Jeffrey Rowan CEO	4.35% $790.7M	8.32% 21.2M shares	≤ Q2 2013 Held for 12y 5m+	$18.2B
NEW SOUTH CAPITAL MANAGEMENT INC Long Only Manager	David Stephen Morrow President	3.99% $87.6M	0.92% 2.3M shares	≤ Q2 2013 Held for 12y 5m+	$2.2B
Spark Investment Management LLC Hedge Fund•Multi-Strategy	Glenn Elliot Dropkin CCO	3.79% $1.5M	0.02% 40.0K shares	Q3 2025 Held for 2 months	$39.5M
LETKO, BROSSEAU & ASSOCIATES INC Long Only Manager	Thomas Massey Birks Chairman	3.63% $211.4M	2.22% 5.7M shares	Q4 2017 Held for 7y 11m	$5.8B
P Permit Capital, LLC Fund of Funds	James Thomas Barossi President	3.58% $11.6M	0.12% 310.0K shares	Q3 2024 Held for 1y 2m	$323.3M
MANGROVE PARTNERS Hedge Fund•Multi-Strategy	Nathaniel Hall August President	2.76% $39.3M	0.41% 1.1M shares	Q2 2025 Held for 5 months	$1.4B
B BRANDES INVESTMENT PARTNERS, LP Long Only Manager	Oliver Michael Murray CEO	2.70% $336.4M	3.54% 9.0M shares	Q3 2021 Held for 4y 2m	$12.5B