LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share)
LTM
LTM was delisted on the 9th of June, 2020.
75 hedge funds and large institutions have $52.1M invested in LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share) in 2020 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 17 increasing their positions, 33 reducing their positions, and 25 closing their positions.
10% less funds holding
Funds holding: 83 → 75 (-8)
24% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 25
48% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 33
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
75% less capital invested
Capital invested by funds: $209M → $52.1M (-$157M)
93% less call options, than puts
Call options by funds: $114K | Put options by funds: $1.62M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KI
Kapitalo Investimentos
Sao Paulo,
Brazil
|
+$23.2M |
| 2 |
Millennium Management
New York
|
+$4.19M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$2.99M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.44M |
| 5 |
CCM
Crestwood Capital Management
New York
|
+$1.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
-$9.54M |
| 2 |
Renaissance Technologies
New York
|
-$7.7M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$6.51M |
| 4 |
PPFA
Provida Pension Fund Administrator
Las Condes, Santiago,
Chile
|
-$5.96M |
| 5 |
NCM
Newfoundland Capital Management
Sao Paulo,
Brazil
|
-$3.92M |
LTM Hedge Fund Activity: Q1 2020 in Review
75 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share) (LTM) for Q1 2020, worth a combined $52.1M — down 75% from $209M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of LTM and 19 opened new positions — a net loss of 6 holders — while 33 trimmed existing stakes and 17 added.
The largest buyer was Kapitalo Investimentos, opening a new position worth an estimated $23.2M. The largest seller was Itau Unibanco Holding S.A., exiting entirely with an estimated $9.54M sold.
- 75 institutional investors held LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share) (LTM) as of Q1 2020, down from 83 in Q4 2019.
- Funds reported $52.1M of LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share) stock for Q1 2020, down 75% quarter-over-quarter.
- 19 funds opened new LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share) positions in Q1 2020 and 25 closed out, a net change of -6 holders.
- The largest LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share) buyer in Q1 2020 was Kapitalo Investimentos, an estimated $23.2M added.
- The largest LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share) seller in Q1 2020 was Itau Unibanco Holding S.A., an estimated $9.54M sold.
Based on aggregated 13F filings for Q1 2020.