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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
DRZID
1
DePrince Race & Zollo Inc (DRZ)
Florida
$23.1M +$2.34M +67,108 +13%
YCMGA
2
York Capital Management Global Advisors
New York
$22.6M +$20.4M +583,175 New
Wellington Management Group
3
Wellington Management Group
Massachusetts
$14.3M +$12.9M +368,698 New
SFM
4
Systematic Financial Management
New Jersey
$13.3M +$12M +343,498 New
Goldman Sachs
5
Goldman Sachs
New York
$9.62M +$8.42M +240,911 +3,384%
KGI
6
Kopernik Global Investors
Florida
$8.78M +$3.71M +106,143 +88%
PRCM
7
Pine River Capital Management
Minnesota
$8.15M +$7.34M +210,000 New
Fidelity Investments
8
Fidelity Investments
Massachusetts
$7.95M -$17M -487,381 -70%
Acadian Asset Management
9
Acadian Asset Management
Massachusetts
$6.83M +$1.26M +36,203 +26%
DCM
10
Driehaus Capital Management
Illinois
$6.45M +$5.63M +161,215 +3,224%
NGA
11
New Generation Advisors
Massachusetts
$6.12M +$2.14M +61,360 +64%
FRM
12
Foundation Resource Management
Arkansas
$5.42M -$200K -5,719 -4%
Balyasny Asset Management
13
Balyasny Asset Management
Illinois
$4.48M +$4.03M +115,391 New
QBFM
14
QS Batterymarch Financial Management
New York
$4.22M +$3.8M +108,720 New
RFC
15
Russell Frank Company
Washington
$4.16M -$503K -14,384 -12%
USGIU
16
U.S. Global Investors (USGI)
Texas
$3.88M +$3.49M +100,000 New
Renaissance Technologies
17
Renaissance Technologies
New York
$3.71M +$2.09M +59,720 +166%
GC
18
Guggenheim Capital
Illinois
$3.34M +$249K +7,114 +9%
PPA
19
Parametric Portfolio Associates
Washington
$3.16M +$1.75K +50 +0.1%
BIM
20
Bogle Investment Management
Massachusetts
$3.1M +$2.79M +79,899 New
CS
21
Credit Suisse
Switzerland
$2.85M +$551K +15,761 +27%
OAM
22
Oxford Asset Management
United Kingdom
$2.83M +$2.55M +72,871 New
California Public Employees Retirement System
23
California Public Employees Retirement System
California
$2.11M -$110K -3,160 -5%
Morgan Stanley
24
Morgan Stanley
New York
$2M +$955K +27,348 +113%
PCM
25
Prelude Capital Management
New York
$1.73M +$1.55M +44,484 New
1
2 3 4

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.