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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
VKH
51
Virtu KCG Holdings
New York
$372K +$353K +14,667 New
Susquehanna International Group
52
Susquehanna International Group
Pennsylvania
$320K +$304K +12,626 New
ED
53
Exane Derivatives
France
$283K -$624K -25,900 -70%
DI
54
DUMAC Inc
North Carolina
$243K – – –
GC
55
Guggenheim Capital
Illinois
$242K -$25.4K -1,054 -10%
FIM
56
Freedom Investment Management
Connecticut
$233K +$222K +9,198 New
BCM
57
BTC Capital Management
Iowa
$224K +$213K +8,842 New
MAMNY
58
Marathon Asset Management (New York)
New York
$215K +$205K +8,506 New
Sumitomo Mitsui Trust Group
59
Sumitomo Mitsui Trust Group
Japan
$208K +$198K +8,200 New
AG
60
Ashmore Group
United Kingdom
$169K +$17.6K +729 +12%
PAMU
61
Pictet Asset Management (UK)
United Kingdom
$114K +$107K +4,420 New
Barclays
62
Barclays
United Kingdom
$99K +$94K +3,900 New
NIPH
63
NN Investment Partners Holdings
Netherlands
$93K – – –
Bank of America
64
Bank of America
North Carolina
$93K +$36.4K +1,512 +71%
AG
65
Advisor Group
Arizona
$77K +$53.6K +2,224 +272%
Group One Trading
66
Group One Trading
Illinois
$73K -$131K -5,430 -65%
Simplex Trading
67
Simplex Trading
Illinois
$66K +$63.4K +2,631 New
PG
68
PEAK6 Group
Illinois
$60K +$57.3K +2,379 New
GT
69
Glenmede Trust
Pennsylvania
$59K – – –
BNP Paribas Financial Markets
70
BNP Paribas Financial Markets
France
$50.7K +$4.82K +200 +11%
TCM
71
TimesSquare Capital Management
New York
$50K +$50.6K +2,100 New
Envestnet Asset Management
72
Envestnet Asset Management
Illinois
$32K +$30K +1,246 New
Royal Bank of Canada
73
Royal Bank of Canada
Ontario, Canada
$30K – – –
Northwestern Mutual Wealth Management
74
Northwestern Mutual Wealth Management
Wisconsin
$25K – – –
PCM
75
Prelude Capital Management
New York
$20K +$19.3K +800 New
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.