INTELSAT S. A.
I
I was delisted on the 18th of May, 2020.
120 hedge funds and large institutions have $174M invested in INTELSAT S. A. in 2020 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 42 increasing their positions, 40 reducing their positions, and 68 closing their positions.
150% more call options, than puts
Call options by funds: $15M | Put options by funds: $6M
5% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 40
29% less funds holding
Funds holding: 168 → 120 (-48)
60% less funds holding in top 10
Funds holding in top 10: 10 → 4 (-6)
68% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 68
81% less capital invested
Capital invested by funds: $932M → $174M (-$758M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
+$30.4M |
| 2 |
Morgan Stanley
New York
|
+$14.2M |
| 3 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$8.09M |
| 4 |
WC
Wexford Capital
West Palm Beach,
Florida
|
+$4.91M |
| 5 |
Renaissance Technologies
New York
|
+$4.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
PointState Capital
New York
|
-$23.5M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$20.8M |
| 3 |
NM
Nokota Management
New York
|
-$16.9M |
| 4 |
SAAM
Solus Alternative Asset Management
Summit,
New Jersey
|
-$14.1M |
| 5 |
PCM
Pentwater Capital Management
Naples,
Florida
|
-$13.5M |
I Hedge Fund Activity: Q1 2020 in Review
120 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in INTELSAT S. A. (I) for Q1 2020, worth a combined $174M — down 81% from $932M a quarter earlier.
Sellers outnumbered buyers: 68 funds closed out of I and 22 opened new positions — a net loss of 46 holders — while 40 trimmed existing stakes and 42 added.
The largest buyer was Appaloosa LP, adding an estimated $30.4M. The largest seller was PointState Capital, exiting entirely with an estimated $23.5M sold.
- 120 institutional investors held INTELSAT S. A. (I) as of Q1 2020, down from 168 in Q4 2019.
- Funds reported $174M of INTELSAT S. A. stock for Q1 2020, down 81% quarter-over-quarter.
- 22 funds opened new INTELSAT S. A. positions in Q1 2020 and 68 closed out, a net change of -46 holders.
- The largest INTELSAT S. A. buyer in Q1 2020 was Appaloosa LP, an estimated $30.4M added.
- The largest INTELSAT S. A. seller in Q1 2020 was PointState Capital, an estimated $23.5M sold.
Based on aggregated 13F filings for Q1 2020.