Black River Asset Management’s Telecom Argentina TEO Stock Holding History

Black River Asset Management’s Portfolio TEO Stock Details TEO Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-11,696	Closed	-$210K	–	12
2015 Q2	$210K	Sell	11,696 -40,000	-77%	-$822K	0.11%	26
2015 Q1	$1.17M	Sell	51,696 -42,725	-45%	-$921K	0.78%	24
2014 Q4	$1.83M	Sell	94,421 -9,914	-10%	-$208K	1.33%	21
2014 Q3	$2.12M	Buy	104,335 +22,482	+27%	+$478K	2.4%	13
2014 Q2	$1.93M	Buy	81,853 +58,853	+256%	+$1.21M	2.52%	14
2014 Q1	$439K	Buy	+23,000	New	+$381K	0.67%	13

Other funds holding TEO

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

BCM

Bienville Capital Management New York $550M AUM 3.49% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

PPA

Parametric Portfolio Associates Seattle, Washington $190B AUM 18.52% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

EMS Capital New York $944M AUM 17.76% 1-Year Est. Return

CHCM

Columbus Hill Capital Management Short Hills, New Jersey $673M AUM 24.63% 1-Year Est. Return

OCM

Oaktree Capital Management Los Angeles, California $6.56B AUM 42.97% 1-Year Est. Return

Black River Asset Management's TEO Position: Q3 2015 in Review

Black River Asset Management sold out of Telecom Argentina (TEO) in Q3 2015, closing a stake of 11,696 shares — an estimated $210K sold.

Black River Asset Management first reported a position in TEO in Q1 2014 and held it in 6 quarters. The position peaked at $2.12M in Q3 2014. 63 funds tracked by Wall St. Rank hold TEO as of Q3 2015.

Black River Asset Management reported no remaining Telecom Argentina position as of Q3 2015 after selling out during the quarter.
Black River Asset Management sold 11,696 Telecom Argentina shares in Q3 2015, an estimated $210K.
Black River Asset Management first reported a position in Telecom Argentina in Q1 2014 and held it in 6 quarters.
Black River Asset Management's Telecom Argentina position peaked at $2.12M in Q3 2014.
63 funds tracked by Wall St. Rank held Telecom Argentina as of Q3 2015.

Based on Black River Asset Management's 13F filing for Q3 2015, filed 3 Nov 2015.