Telecom Argentina
72 hedge funds and large institutions have $314M invested in Telecom Argentina in 2014 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 11 closing their positions.
45% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 11
6% more funds holding
Funds holding: 68 → 72 (+4)
0.12% more ownership
Funds ownership: 3.25% → 3.36% (+0.12%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1% less capital invested
Capital invested by funds: $318M → $314M (-$3.73M)
13% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 23
21% less call options, than puts
Call options by funds: $321K | Put options by funds: $406K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
+$16.2M |
| 2 |
II
INCA Investments
Miami,
Florida
|
+$3.56M |
| 3 |
BG
BlackRock Group
London,
United Kingdom
|
+$1.51M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$788K |
| 5 |
Morgan Stanley
New York
|
+$726K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$4.32M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$2.59M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
-$2.42M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$2.35M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$2.05M |
TEO Hedge Fund Activity: Q4 2014 in Review
72 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Telecom Argentina (TEO) for Q4 2014, worth a combined $314M — down 1.2% from $318M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new TEO positions and 11 closed out — a net gain of 5 holders — while 20 added to existing stakes and 23 trimmed.
The largest buyer was Schroder Investment Management Group, opening a new position worth an estimated $16.2M. The largest seller was Franklin Resources, cutting an estimated $4.32M.
- 72 institutional investors held Telecom Argentina (TEO) as of Q4 2014, up from 68 in Q3 2014.
- Funds reported $314M of Telecom Argentina stock for Q4 2014, down 1.2% quarter-over-quarter.
- 16 funds opened new Telecom Argentina positions in Q4 2014 and 11 closed out, a net change of +5 holders.
- The largest Telecom Argentina buyer in Q4 2014 was Schroder Investment Management Group, an estimated $16.2M added.
- The largest Telecom Argentina seller in Q4 2014 was Franklin Resources, an estimated $4.32M sold.
Based on aggregated 13F filings for Q4 2014.