Telecom Argentina
72 hedge funds and large institutions have $316M invested in Telecom Argentina in 2015 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 33 increasing their positions, 14 reducing their positions, and 19 closing their positions.
136% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 14
0.14% more ownership
Funds ownership: 3.5% → 3.64% (+0.14%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
3% less call options, than puts
Call options by funds: $919K | Put options by funds: $950K
12% less funds holding
Funds holding: 82 → 72 (-10)
18% less capital invested
Capital invested by funds: $383M → $316M (-$67.2M)
47% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$13M |
| 2 |
BCM
Bienville Capital Management
New York
|
+$11.4M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$5.45M |
| 4 |
EC
EMS Capital
New York
|
+$5.25M |
| 5 |
BG
BlackRock Group
London,
United Kingdom
|
+$4.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
-$20.3M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$6.62M |
| 3 |
DFO
Duquesne Family Office
New York
|
-$5.63M |
| 4 |
II
INCA Investments
Miami,
Florida
|
-$3.77M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$3.21M |
TEO Hedge Fund Activity: Q2 2015 in Review
72 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Telecom Argentina (TEO) for Q2 2015, worth a combined $316M — down 18% from $383M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of TEO and 10 opened new positions — a net loss of 9 holders — while 14 trimmed existing stakes and 33 added.
The largest buyer was Franklin Resources, adding an estimated $13M. The largest seller was Schroder Investment Management Group, exiting entirely with an estimated $20.3M sold.
- 72 institutional investors held Telecom Argentina (TEO) as of Q2 2015, down from 82 in Q1 2015.
- Funds reported $316M of Telecom Argentina stock for Q2 2015, down 18% quarter-over-quarter.
- 10 funds opened new Telecom Argentina positions in Q2 2015 and 19 closed out, a net change of -9 holders.
- The largest Telecom Argentina buyer in Q2 2015 was Franklin Resources, an estimated $13M added.
- The largest Telecom Argentina seller in Q2 2015 was Schroder Investment Management Group, an estimated $20.3M sold.
Based on aggregated 13F filings for Q2 2015.