Tema Etfs 13F: Exits Iridium Communications (IRDM) Stake

Tema Etfs has completely exited its position in Iridium Communications Inc. (IRDM), as reported in a filing on October 16, 2026. The fund sold 309,229 shares, bringing its total holdings down to zero.

What Changed in Tema Etfs's Iridium Position

Tema Etfs cut its stake in Iridium Communications by selling 309,229 shares, resulting in a total exit from its position. This move comes after the fund previously held 309,229 shares.

Other Institutional Activity in Iridium Communications

Several other funds have also adjusted their positions in Iridium. Blackrock Inc. reduced its holdings by 492,061 shares, ending with 13,447,338 shares valued at approximately $588.5 million. Meanwhile, AQR Capital Management, LLC increased its stake by 3,929,203 shares, bringing its total to 6,847,072 shares worth about $299.6 million. Vanguard Portfolio Management LLC trimmed its position by 651,191 shares, holding 5,440,399 shares valued at about $238.1 million. American Century Companies Inc. added 1,386,563 shares, totaling 4,856,440 shares worth approximately $212.5 million, while State Street Corporation reduced its stake by 316,658 shares, holding 4,733,714 shares valued at about $207.1 million.

Iridium Communications Inc. Stock Down 3.0%

As of October 16, 2026, Iridium shares are trading around $43.62, which is below the 50-day moving average of $47.91 by about 9%. The stock sits approximately 23.7% below its 52-week high of $57.18 and is above its 52-week low of $15.65 by 178.7%. Given these factors, the current market price is slightly above the mean price target of analysts at $42.00.

Recent Earnings

Iridium Communications reported a trailing twelve-month revenue of $884.2 million and an EPS of $0.88. The company is set to announce its next earnings report on October 22, 2026. The revenue growth year-over-year stands at 3.8%, and the net margin is at 10.5%, with a return on equity of 19.7%.

Dividend

Iridium Communications pays an annual dividend of $0.60 per share, yielding approximately 1.33%. The dividend payout ratio is 68.2%, indicating a stable return to shareholders.

Insider Buying and Selling at Iridium Communications Inc.

Recent insider sales include Timothy Kapalka, an officer, who sold 13,473 shares on August 17, 2026, at an average price of $50.51 for a total value of about $680,521. Director Thomas J. Fitzpatrick sold 224,279 shares on August 18, 2026, totaling around $11.2 million. Officer Timothy James Last sold 2,013 shares on September 3, 2026, at an average price of $47.36, worth about $95,336, and also sold 5,769 shares on September 15, 2026, at an average price of $46.35, totaling approximately $267,393.

Analysts Set New Price Targets

On June 30, 2026, Morgan Stanley maintained an Equal-Weight rating with a price target of $54.00, up from a previous target of $26.00. This reflects a positive outlook as the market adjusts to recent institutional changes. The current analyst consensus suggests a mean price target of $42.00 based on five analyst opinions.

About Iridium Communications

Iridium Communications Inc. provides mobile voice and data communications services globally to businesses and government agencies. The recent position cuts by Tema Etfs signal a noteworthy shift in investor sentiment, especially ahead of the company's upcoming earnings report.

Bottom Line

Investors should keep an eye on Iridium Communications as it approaches its next earnings date on October 22, 2026. This filing reflects holdings as of the reporting period and may not represent the investor's current position. The recent institutional shifts could impact market sentiment going forward. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.