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TEN

Tsakos Energy Navigation Ltd
TEN

110 hedge funds and large institutions have $313M invested in Tsakos Energy Navigation Ltd in 2015 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 36 increasing their positions, 31 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 21

16% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 31

5% more funds holding

Funds holding: 105 → 110 (+5)

0.14% more ownership

Funds ownership: 8.6% → 8.74% (+0.14%)

10% less capital invested

Capital invested by funds: $347M → $313M (-$34.1M)

32% less call options, than puts

Call options by funds: $660K | Put options by funds: $973K

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
110
Holders Change
+5
Holders Change %
+4.76%
% of All Funds
3.07%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
26
Increased
36
Reduced
31
Closed
21
Calls
$660K
Puts
$973K
Net Calls
-$313K
Net Calls Change
-$1.15M

Top Buyers

1
YCMGA
York Capital Management Global Advisors
New York
+$22.6M
2
BIT
BlackRock Institutional Trust
California
+$7.68M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$6.45M
4
AL
AJO LP
Pennsylvania
+$5.75M
5
JIR
James Investment Research
Ohio
+$2.91M

Top Sellers

1
SFM
Systematic Financial Management
New Jersey
-$17.5M
2
BCM
Brigade Capital Management
New York
-$11.8M
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$7.91M
4
DCM
Driehaus Capital Management
Illinois
-$3M
5
Two Sigma Investments
Two Sigma Investments
New York
-$2.73M
Name Holding Trade Value Shares
Change 		Change in
Stake
PRCM
1
Pine River Capital Management
Minnesota
$34M +$2.19M +51,094 +7%
Acadian Asset Management
2
Acadian Asset Management
Massachusetts
$25.5M +$246K +5,735 +0.9%
YCMGA
3
York Capital Management Global Advisors
New York
$21.4M +$22.6M +525,271 New
Wellington Management Group
4
Wellington Management Group
Massachusetts
$19.8M -$7.91M -184,112 -27%
CP
5
Centerbridge Partners
New York
$18.5M – – –
Renaissance Technologies
6
Renaissance Technologies
New York
$16M -$294K -6,852 -2%
JIR
7
James Investment Research
Ohio
$12.5M +$2.91M +67,853 +28%
Fidelity Investments
8
Fidelity Investments
Massachusetts
$12.3M -$1.08M -25,260 -8%
AL
9
AJO LP
Pennsylvania
$9.34M +$5.75M +133,864 +140%
KGI
10
Kopernik Global Investors
Florida
$8.66M +$265K +6,170 +3%
SFM
11
Systematic Financial Management
New Jersey
$8.62M -$17.5M -408,545 -66%
PPA
12
Parametric Portfolio Associates
Washington
$7.75M -$264K -6,137 -3%
California Public Employees Retirement System
13
California Public Employees Retirement System
California
$7.67M – – –
BIT
14
BlackRock Institutional Trust
California
$7.62M +$7.68M +178,812 +2,051%
Fiera Capital (Canada)
15
Fiera Capital (Canada)
Quebec, Canada
$6.1M +$6.45M +150,080 New
RFC
16
Russell Frank Company
Washington
$5.33M +$1.11M +25,772 +24%
ERSOT
17
Employees Retirement System of Texas
Texas
$5.23M -$799K -18,600 -13%
NGA
18
New Generation Advisors
Massachusetts
$5.14M – – –
FRM
19
Foundation Resource Management
Arkansas
$4.81M -$62.9K -1,464 -1%
Morgan Stanley
20
Morgan Stanley
New York
$4.8M -$974K -22,688 -16%
QI
21
QS Investors
New York
$3.8M – – –
GC
22
Guggenheim Capital
Illinois
$3.57M +$2.22M +51,760 +144%
Two Sigma Advisers
23
Two Sigma Advisers
New York
$3.08M +$328K +7,638 +11%
RIM
24
RS Investment Management
California
$3.04M – – –
Goldman Sachs
25
Goldman Sachs
New York
$2.71M +$2.66M +62,000 +1,305%
1
2 3 4 5

TEN Hedge Fund Activity: Q3 2015 in Review

110 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Tsakos Energy Navigation Ltd (TEN) for Q3 2015, worth a combined $313M — down 9.8% from $347M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new TEN positions and 21 closed out — a net gain of 5 holders — while 36 added to existing stakes and 31 trimmed.

The largest buyer was York Capital Management Global Advisors, opening a new position worth an estimated $22.6M. The largest seller was Systematic Financial Management, cutting an estimated $17.5M.

  • 110 institutional investors held Tsakos Energy Navigation Ltd (TEN) as of Q3 2015, up from 105 in Q2 2015.
  • Funds reported $313M of Tsakos Energy Navigation Ltd stock for Q3 2015, down 9.8% quarter-over-quarter.
  • 26 funds opened new Tsakos Energy Navigation Ltd positions in Q3 2015 and 21 closed out, a net change of +5 holders.
  • The largest Tsakos Energy Navigation Ltd buyer in Q3 2015 was York Capital Management Global Advisors, an estimated $22.6M added.
  • The largest Tsakos Energy Navigation Ltd seller in Q3 2015 was Systematic Financial Management, an estimated $17.5M sold.

Based on aggregated 13F filings for Q3 2015.