Telecom Argentina
68 hedge funds and large institutions have $318M invested in Telecom Argentina in 2014 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 27 increasing their positions, 18 reducing their positions, and 9 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 18
0.13% more ownership
Funds ownership: 3.11% → 3.25% (+0.13%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
3% less funds holding
Funds holding: 70 → 68 (-2)
10% less capital invested
Capital invested by funds: $353M → $318M (-$35.3M)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
55% less call options, than puts
Call options by funds: $323K | Put options by funds: $713K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$4.77M |
| 2 |
CHCM
Columbus Hill Capital Management
Short Hills,
New Jersey
|
+$3.5M |
| 3 |
Morgan Stanley
New York
|
+$2.91M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$2.26M |
| 5 |
AGCJ
Alden Global Capital (Jersey)
St. Helier,
Jersey
|
+$2.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$2.99M |
| 2 |
BG
BlackRock Group
London,
United Kingdom
|
-$1.69M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$1.59M |
| 4 |
CP
Centerbridge Partners
New York
|
-$1.55M |
| 5 |
TG
TCW Group
Los Angeles,
California
|
-$1.48M |
TEO Hedge Fund Activity: Q3 2014 in Review
68 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Telecom Argentina (TEO) for Q3 2014, worth a combined $318M — down 10% from $353M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of TEO and 7 opened new positions — a net loss of 2 holders — while 18 trimmed existing stakes and 27 added.
The largest buyer was BlackRock Fund Advisors, adding an estimated $4.77M. The largest seller was Franklin Resources, cutting an estimated $2.99M.
- 68 institutional investors held Telecom Argentina (TEO) as of Q3 2014, down from 70 in Q2 2014.
- Funds reported $318M of Telecom Argentina stock for Q3 2014, down 10% quarter-over-quarter.
- 7 funds opened new Telecom Argentina positions in Q3 2014 and 9 closed out, a net change of -2 holders.
- The largest Telecom Argentina buyer in Q3 2014 was BlackRock Fund Advisors, an estimated $4.77M added.
- The largest Telecom Argentina seller in Q3 2014 was Franklin Resources, an estimated $2.99M sold.
Based on aggregated 13F filings for Q3 2014.