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Telecom Argentina
TEO

84 hedge funds and large institutions have $260M invested in Telecom Argentina in 2017 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 17 increasing their positions, 25 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

520% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 5

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

42% more funds holding

Funds holding: 59 → 84 (+25)

5% more capital invested

Capital invested by funds: $249M → $260M (+$11.2M)

0.2% less ownership

Funds ownership: 2.33% → 2.13% (-0.2%)

32% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 25

69% less call options, than puts

Call options by funds: $960K | Put options by funds: $3.11M

Holders
84
Holders Change
+25
Holders Change %
+42.37%
% of All Funds
2.09%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.07%
New
31
Increased
17
Reduced
25
Closed
5
Calls
$960K
Puts
$3.11M
Net Calls
-$2.15M
Net Calls Change
-$2.33M

Top Buyers

1
OMCS
Old Mutual Customised Solutions
South Africa
+$6.94M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$4.91M
3
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$4.62M
4
FCH
Freestone Capital Holdings
Washington
+$4.15M
5
DCM
Driehaus Capital Management
Illinois
+$3.9M

Top Sellers

1
BCM
Bienville Capital Management
New York
-$20.6M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$9.76M
3
EC
EMS Capital
New York
-$5.34M
4
SFM
Soros Fund Management
New York
-$5.18M
5
GAMA
Graticule Asia Macro Advisors
New York
-$4.65M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
26
Citigroup
New York
$2M +$1.91M +79,061 New
PI
27
Putnam Investments
Massachusetts
$1.7M +$52.9K +2,196 +3%
William Blair Investment Management
28
William Blair Investment Management
Illinois
$1.5M +$1.43M +59,149 New
Northern Trust
29
Northern Trust
Illinois
$1.45M -$776K -32,199 -36%
First Trust Advisors
30
First Trust Advisors
Illinois
$1.42M -$460K -19,106 -25%
DAM
31
Deltec Asset Management
New York
$1.39M +$557K +23,100 +72%
AL
32
AJO LP
Pennsylvania
$1.07M +$1.02M +42,346 New
DTL
33
Dynamic Technology Lab
Singapore
$1.06M +$755K +31,332 +295%
Wells Fargo
34
Wells Fargo
California
$1.03M -$17.8K -739 -2%
SG Americas Securities
35
SG Americas Securities
New York
$1.02M +$966K +40,092 New
JP Morgan Chase
36
JP Morgan Chase
New York
$1M -$1.59M -66,026 -62%
Geode Capital Management
37
Geode Capital Management
Massachusetts
$982K +$934K +38,776 New
Arrowstreet Capital
38
Arrowstreet Capital
Massachusetts
$881K -$307K -12,748 -27%
PG
39
Pendal Group
Australia
$721K +$685K +28,444 New
CG
40
Cutler Group
California
$680K +$487K +20,200 +303%
OAM
41
Oxford Asset Management
United Kingdom
$642K -$1.82M -75,545 -75%
State Street
42
State Street
Massachusetts
$634K +$215K +8,919 +55%
LSV Asset Management
43
LSV Asset Management
Illinois
$572K +$171K +7,100 +46%
PL
44
Parkwood LLC
Ohio
$557K +$530K +22,000 New
Invesco
45
Invesco
Georgia
$556K -$50.7K -2,105 -9%
YMRC
46
Yorktown Management & Research Company
Virginia
$405K – – –
AGM
47
Alpine Global Management
New York
$403K +$383K +15,913 New
AGU
48
Alpine Group USVI
U.S. Virgin Islands
$403K +$383K +15,913 New
AL
49
Airain Ltd
Guernsey
$402K +$382K +15,865 New
CI
50
Cambiar Investors
Colorado
$397K -$145K -6,024 -28%
1
2
3 4

TEO Hedge Fund Activity: Q2 2017 in Review

84 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Telecom Argentina (TEO) for Q2 2017, worth a combined $260M — up 4.5% from $249M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new TEO positions and 5 closed out — a net gain of 26 holders — while 17 added to existing stakes and 25 trimmed.

The largest buyer was Old Mutual Customised Solutions, opening a new position worth an estimated $6.94M. The largest seller was Bienville Capital Management, cutting an estimated $20.6M.

  • 84 institutional investors held Telecom Argentina (TEO) as of Q2 2017, up from 59 in Q1 2017.
  • Funds reported $260M of Telecom Argentina stock for Q2 2017, up 4.5% quarter-over-quarter.
  • 31 funds opened new Telecom Argentina positions in Q2 2017 and 5 closed out, a net change of +26 holders.
  • The largest Telecom Argentina buyer in Q2 2017 was Old Mutual Customised Solutions, an estimated $6.94M added.
  • The largest Telecom Argentina seller in Q2 2017 was Bienville Capital Management, an estimated $20.6M sold.

Based on aggregated 13F filings for Q2 2017.