CMTL COMTECH TELECOMMUNICATIONS CORP /DE/
Executive Summary
In Q3 2025, three quant funds (Citadel, Two Sigma, RenTech) collectively doubled their CMTL positions to $1.4M, while four mega-passive managers (BlackRock, T. Rowe Price, Invesco, Morgan Stanley) trimmed aggressively, selling off ~$1.1M total. The quant buying signals a potential value or catalyst-driven thesis, but the overwhelming passive selling dwarfs the buying and suggests institutional rotation away from the name.
Actionable Insight
In Q3 2025, three quant funds (Citadel, Two Sigma, RenTech) collectively doubled their CMTL positions to $1.4M, while four mega-passive managers (BlackRock, T. Rowe Price, Invesco, Morgan Stanley) trimmed aggressively, selling off ~$1.1M total. The quant buying signals a potential value or catalyst-driven thesis, but the overwhelming passive selling dwarfs the buying and suggests institutional rotation away from the name.
Key Facts
- 3 quant funds (Citadel, Two Sigma, RenTech) accumulated $1.4M (net +$766K), but 4 passive managers sold $1.1M in net value
- BlackRock alone trimmed 42.1% of its position ($1.9M → $1.2M), the largest seller by dollar value
- The cluster is mixed: active quant buying vs. mega-passive trimming; passive selling dominates in absolute dollars
- Market cap is only $128M, so even modest institutional flows can have outsized price impact
- Historical calibration shows score-6 CMTL calls have a net negative average alpha at T+20 (-2.84% segment average)
Financial Impact
Quant funds added $766K in new CMTL exposure while passive managers removed $1.09M, for a net institutional outflow of ~$324K during the quarter. Given CMTL's $128M market cap, this represents ~0.25% of float in net selling.
Market Snapshot
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-CMTL-2025-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 11, 2026
1d ago
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Institutional Cluster
| $4.44 awaiting T+5 | awaiting T+5 | — | — |
|
May 14, 2026
29d ago
|
8-K
| $3.76 $4.79 | ▲ +27.39% | ▲ +26.43% | — |
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Apr 7, 2026
9w ago
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EFFECT
| $3.73 $3.73 | · 0.00% | ▲ +5.33% | — |
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Mar 23, 2026
11w ago
|
S-3
| $3.55 $3.32 | ▲ +6.48% | ▲ +6.06% | — |
US Market Status
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