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TEN

Tsakos Energy Navigation Ltd
TEN

81 hedge funds and large institutions have $200M invested in Tsakos Energy Navigation Ltd in 2014 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 28 increasing their positions, 20 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

271% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 7

135% more capital invested

Capital invested by funds: $85.3M → $200M (+$115M)

40% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 20

31% more funds holding

Funds holding: 62 → 81 (+19)

2.35% more ownership

Funds ownership: 5% → 7.35% (+2.3%)

51% less call options, than puts

Call options by funds: $327K | Put options by funds: $665K

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
81
Holders Change
+19
Holders Change %
+30.65%
% of All Funds
2.34%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
26
Increased
28
Reduced
20
Closed
7
Calls
$327K
Puts
$665K
Net Calls
-$338K
Net Calls Change
+$157K

Top Buyers

1
YCMGA
York Capital Management Global Advisors
New York
+$20.4M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$12.9M
3
SFM
Systematic Financial Management
New Jersey
+$12M
4
Goldman Sachs
Goldman Sachs
New York
+$8.42M
5
PRCM
Pine River Capital Management
Minnesota
+$7.34M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$17M
2
Neuberger Berman Group
Neuberger Berman Group
New York
-$2.85M
3
TC
TFS Capital
Pennsylvania
-$1.18M
4
Two Sigma Investments
Two Sigma Investments
New York
-$940K
5
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
-$549K
Name Holding Trade Value Shares
Change 		Change in
Stake
AC
26
AFAM Capital
Texas
$1.57M +$13.4K +383 +1%
PIA
27
Phoenix Investment Adviser
New York
$1.39M +$804K +23,000 +180%
Geode Capital Management
28
Geode Capital Management
Massachusetts
$1.38M +$1.24M +35,562 New
Invesco
29
Invesco
Georgia
$1.31M -$507K -14,522 -30%
TC
30
TFS Capital
Pennsylvania
$1.28M -$1.18M -33,804 -51%
Millennium Management
31
Millennium Management
New York
$1.22M -$99.2K -2,839 -8%
Wells Fargo
32
Wells Fargo
California
$1.06M +$410K +11,746 +75%
EIM
33
Essex Investment Management
Massachusetts
$970K +$92.7K +2,653 +12%
KACA
34
Kayne Anderson Capital Advisors
California
$970K +$873K +25,000 New
D.E. Shaw & Co
35
D.E. Shaw & Co
New York
$960K +$448K +12,832 +108%
HHC
36
Hutchin Hill Capital
New York
$833K +$426K +12,200 +131%
Stifel Financial
37
Stifel Financial
Missouri
$821K +$739K +21,157 New
Neuberger Berman Group
38
Neuberger Berman Group
New York
$698K -$2.85M -81,716 -82%
CCM
39
Cadence Capital Management
Massachusetts
$690K +$622K +17,792 New
Comerica Bank
40
Comerica Bank
Texas
$652K -$144K -4,121 -20%
WCMN
41
Westchester Capital Management (Nebraska)
Nebraska
$647K -$33.9K -970 -5%
Citadel Advisors
42
Citadel Advisors
Florida
$565K +$306K +8,748 +150%
Two Sigma Advisers
43
Two Sigma Advisers
New York
$531K -$187K -5,340 -28%
Schroder Investment Management Group
44
Schroder Investment Management Group
United Kingdom
$517K -$549K -15,720 -54%
Royal Bank of Canada
45
Royal Bank of Canada
Ontario, Canada
$503K +$14K +400 +3%
Bank of America
46
Bank of America
North Carolina
$495K -$27.9K -800 -6%
GCP
47
GSA Capital Partners
United Kingdom
$441K +$231K +6,600 +139%
Susquehanna International Group
48
Susquehanna International Group
Pennsylvania
$440K -$78K -2,232 -16%
Nomura Holdings
49
Nomura Holdings
Japan
$434K -$44.1K -1,262 -10%
Two Sigma Investments
50
Two Sigma Investments
New York
$427K -$940K -26,902 -71%
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TEN Hedge Fund Activity: Q1 2014 in Review

81 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Tsakos Energy Navigation Ltd (TEN) for Q1 2014, worth a combined $200M — up 135% from $85.3M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new TEN positions and 7 closed out — a net gain of 19 holders — while 28 added to existing stakes and 20 trimmed.

The largest buyer was York Capital Management Global Advisors, opening a new position worth an estimated $20.4M. The largest seller was Fidelity Investments, cutting an estimated $17M.

  • 81 institutional investors held Tsakos Energy Navigation Ltd (TEN) as of Q1 2014, up from 62 in Q4 2013.
  • Funds reported $200M of Tsakos Energy Navigation Ltd stock for Q1 2014, up 135% quarter-over-quarter.
  • 26 funds opened new Tsakos Energy Navigation Ltd positions in Q1 2014 and 7 closed out, a net change of +19 holders.
  • The largest Tsakos Energy Navigation Ltd buyer in Q1 2014 was York Capital Management Global Advisors, an estimated $20.4M added.
  • The largest Tsakos Energy Navigation Ltd seller in Q1 2014 was Fidelity Investments, an estimated $17M sold.

Based on aggregated 13F filings for Q1 2014.