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Telecom Argentina
TEO

67 hedge funds and large institutions have $228M invested in Telecom Argentina in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 21 increasing their positions, 19 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

20% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 10

11% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 19

3% more funds holding

Funds holding: 65 → 67 (+2)

0% more capital invested

Capital invested by funds: $227M → $228M (+$864K)

0.12% more ownership

Funds ownership: 2.62% → 2.74% (+0.12%)

62% less call options, than puts

Call options by funds: $555K | Put options by funds: $1.45M

Holders
67
Holders Change
+2
Holders Change %
+3.08%
% of All Funds
1.94%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
12
Increased
21
Reduced
19
Closed
10
Calls
$555K
Puts
$1.45M
Net Calls
-$897K
Net Calls Change
-$671K

Top Buyers

1
Franklin Resources
Franklin Resources
California
+$3.08M
2
RFC
Russell Frank Company
Washington
+$2.36M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$2.35M
4
Morgan Stanley
Morgan Stanley
New York
+$2.34M
5
TG
TCW Group
California
+$1.99M

Top Sellers

1
Wellington Management Group
Wellington Management Group
Massachusetts
-$3.68M
2
OAM
Oxford Asset Management
United Kingdom
-$3.28M
3
PPA
Parametric Portfolio Associates
Washington
-$2.85M
4
BIT
BlackRock Institutional Trust
California
-$2.21M
5
Millennium Management
Millennium Management
New York
-$996K
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$758K -$996K -52,552 -54%
BCM
27
Beddow Capital Management
Wyoming
$734K -$12.8K -675 -2%
State of Wisconsin Investment Board
28
State of Wisconsin Investment Board
Wisconsin
$707K – – –
Mirae Asset Global Investments
29
Mirae Asset Global Investments
South Korea
$704K -$948K -50,000 -55%
Goldman Sachs
30
Goldman Sachs
New York
$645K -$46.8K -2,472 -6%
Sumitomo Mitsui Trust Group
31
Sumitomo Mitsui Trust Group
Japan
$576K +$224K +11,800 +54%
Susquehanna International Group
32
Susquehanna International Group
Pennsylvania
$547K – – –
DAM
33
Deltec Asset Management
New York
$540K – – –
EMG
34
Ellington Management Group
Connecticut
$491K +$137K +7,209 +34%
Barclays
35
Barclays
United Kingdom
$424K +$6.94K +366 +1%
CCMG
36
Clark Capital Management Group
Pennsylvania
$379K -$758 -40 -0.2%
GXMC
37
Global X Management Company
New York
$319K +$67.6K +3,565 +24%
VKH
38
Virtu KCG Holdings
New York
$303K +$333K +17,561 New
HIM
39
Hillsdale Investment Management
Ontario, Canada
$283K +$246K +13,000 +382%
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$273K -$1.4K -74 -0.5%
CI
41
Capital Innovations
Wisconsin
$268K +$295K +15,556 New
RIG
42
Roosevelt Investment Group
New York
$236K +$260K +13,703 New
Citadel Advisors
43
Citadel Advisors
Florida
$226K -$500K -26,387 -67%
LCM
44
Landscape Capital Management
New Jersey
$187K +$206K +10,853 New
CA
45
Commerzbank Aktiengesellschaft
Germany
$187K +$233K +12,296 New
FIM
46
Freedom Investment Management
Connecticut
$180K +$198K +10,462 New
Bank of America
47
Bank of America
North Carolina
$179K -$29.7K -1,567 -13%
PG
48
PEAK6 Group
Illinois
$177K -$1.52K -80 -0.8%
US Bancorp
49
US Bancorp
Minnesota
$55K – – –
PSI
50
Pinnacle Summer Investments
Virginia
$34K – – –
1
2
3 4

TEO Hedge Fund Activity: Q4 2013 in Review

67 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Telecom Argentina (TEO) for Q4 2013, worth a combined $228M — up 0.38% from $227M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new TEO positions and 10 closed out — a net gain of 2 holders — while 21 added to existing stakes and 19 trimmed.

The largest buyer was Franklin Resources, adding an estimated $3.08M. The largest seller was Wellington Management Group, exiting entirely with an estimated $3.68M sold.

  • 67 institutional investors held Telecom Argentina (TEO) as of Q4 2013, up from 65 in Q3 2013.
  • Funds reported $228M of Telecom Argentina stock for Q4 2013, up 0.38% quarter-over-quarter.
  • 12 funds opened new Telecom Argentina positions in Q4 2013 and 10 closed out, a net change of +2 holders.
  • The largest Telecom Argentina buyer in Q4 2013 was Franklin Resources, an estimated $3.08M added.
  • The largest Telecom Argentina seller in Q4 2013 was Wellington Management Group, an estimated $3.68M sold.

Based on aggregated 13F filings for Q4 2013.