Tsakos Energy Navigation Ltd
TEN
84 hedge funds and large institutions have $105M invested in Tsakos Energy Navigation Ltd in 2016 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 39 reducing their positions, and 25 closing their positions.
1.18% less ownership
Funds ownership: 6.26% → 5.08% (-1.2%)
15% less funds holding
Funds holding: 99 → 84 (-15)
17% less capital invested
Capital invested by funds: $127M → $105M (-$21.1M)
33% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 39
44% less call options, than puts
Call options by funds: $847K | Put options by funds: $1.51M
60% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KGI
Kopernik Global Investors
Tampa,
Florida
|
+$3.92M |
| 2 |
KFA
Kelleher Financial Advisors
New York
|
+$1.06M |
| 3 |
JP Morgan Chase
New York
|
+$733K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$718K |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$653K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$7.53M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$4.14M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.33M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.32M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$1.89M |
TEN Hedge Fund Activity: Q3 2016 in Review
84 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Tsakos Energy Navigation Ltd (TEN) for Q3 2016, worth a combined $105M — down 17% from $127M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of TEN and 10 opened new positions — a net loss of 15 holders — while 39 trimmed existing stakes and 26 added.
The largest buyer was Kopernik Global Investors, adding an estimated $3.92M. The largest seller was Pine River Capital Management, exiting entirely with an estimated $7.53M sold.
- 84 institutional investors held Tsakos Energy Navigation Ltd (TEN) as of Q3 2016, down from 99 in Q2 2016.
- Funds reported $105M of Tsakos Energy Navigation Ltd stock for Q3 2016, down 17% quarter-over-quarter.
- 10 funds opened new Tsakos Energy Navigation Ltd positions in Q3 2016 and 25 closed out, a net change of -15 holders.
- The largest Tsakos Energy Navigation Ltd buyer in Q3 2016 was Kopernik Global Investors, an estimated $3.92M added.
- The largest Tsakos Energy Navigation Ltd seller in Q3 2016 was Pine River Capital Management, an estimated $7.53M sold.
Based on aggregated 13F filings for Q3 2016.