Telecom Argentina
65 hedge funds and large institutions have $227M invested in Telecom Argentina in 2013 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 21 increasing their positions, 13 reducing their positions, and 16 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 13
23% more capital invested
Capital invested by funds: $185M → $227M (+$42.2M)
2% more funds holding
Funds holding: 64 → 65 (+1)
6% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 16
0.05% more ownership
Funds ownership: 2.58% → 2.62% (+0.05%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
88% less call options, than puts
Call options by funds: $30K | Put options by funds: $256K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$8.04M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.62M |
| 3 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$3.59M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$2.35M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$2.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$9.06M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$3.46M |
| 3 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$3.04M |
| 4 |
Two Sigma Advisers
New York
|
-$2.69M |
| 5 |
Two Sigma Investments
New York
|
-$2.22M |
TEO Hedge Fund Activity: Q3 2013 in Review
65 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Telecom Argentina (TEO) for Q3 2013, worth a combined $227M — up 23% from $185M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new TEO positions and 16 closed out — a net gain of 1 holder — while 21 added to existing stakes and 13 trimmed.
The largest buyer was Arrowstreet Capital, adding an estimated $8.04M. The largest seller was Franklin Resources, cutting an estimated $9.06M.
- 65 institutional investors held Telecom Argentina (TEO) as of Q3 2013, up from 64 in Q2 2013.
- Funds reported $227M of Telecom Argentina stock for Q3 2013, up 23% quarter-over-quarter.
- 17 funds opened new Telecom Argentina positions in Q3 2013 and 16 closed out, a net change of +1 holder.
- The largest Telecom Argentina buyer in Q3 2013 was Arrowstreet Capital, an estimated $8.04M added.
- The largest Telecom Argentina seller in Q3 2013 was Franklin Resources, an estimated $9.06M sold.
Based on aggregated 13F filings for Q3 2013.