Tsakos Energy Navigation Ltd
TEN
69 hedge funds and large institutions have $37.9M invested in Tsakos Energy Navigation Ltd in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 32 reducing their positions, and 28 closing their positions.
7.58% less ownership
Funds ownership: 27.27% → 19.69% (-7.6%)
22% less funds holding
Funds holding: 89 → 69 (-20)
55% less call options, than puts
Call options by funds: $400K | Put options by funds: $896K
59% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 32
71% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 28
79% less capital inflows, than outflows
Capital inflows: $4.62M | Capital outflows: $22.1M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$2.03M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$1.43M |
| 3 |
Susquehanna Fundamental Investments
Bala Cynwyd,
Pennsylvania
|
+$301K |
| 4 |
Engineers Gate Manager
New York
|
+$229K |
| 5 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$122K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$5.15M |
| 2 |
Evermore Global Advisors
Summit,
New Jersey
|
-$2.57M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$2.03M |
| 4 |
Renaissance Technologies
New York
|
-$1.72M |
| 5 |
Camarda Financial Advisors
Fleming Island,
Florida
|
-$1.32M |
TEN Hedge Fund Activity: Q2 2020 in Review
69 of the 4,890 institutional investors tracked by Wall St. Rank reported a position in Tsakos Energy Navigation Ltd (TEN) for Q2 2020, worth a combined $37.9M — down 52% from $79.7M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of TEN and 8 opened new positions — a net loss of 20 holders — while 32 trimmed existing stakes and 13 added.
The largest buyer was Acadian Asset Management, adding an estimated $2.03M. The largest seller was Millennium Management, exiting entirely with an estimated $5.15M sold.
- 69 institutional investors held Tsakos Energy Navigation Ltd (TEN) as of Q2 2020, down from 89 in Q1 2020.
- Funds reported $37.9M of Tsakos Energy Navigation Ltd stock for Q2 2020, down 52% quarter-over-quarter.
- 8 funds opened new Tsakos Energy Navigation Ltd positions in Q2 2020 and 28 closed out, a net change of -20 holders.
- The largest Tsakos Energy Navigation Ltd buyer in Q2 2020 was Acadian Asset Management, an estimated $2.03M added.
- The largest Tsakos Energy Navigation Ltd seller in Q2 2020 was Millennium Management, an estimated $5.15M sold.
Based on aggregated 13F filings for Q2 2020.