Telecom Argentina
61 hedge funds and large institutions have $298M invested in Telecom Argentina in 2016 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 12 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 14
9% more capital invested
Capital invested by funds: $273M → $298M (+$24.9M)
0.07% less ownership
Funds ownership: 3.52% → 3.45% (-0.07%)
5% less funds holding
Funds holding: 64 → 61 (-3)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
48% less call options, than puts
Call options by funds: $67K | Put options by funds: $130K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EMS Capital
New York
|
+$3.08M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.04M |
| 3 |
Morgan Stanley
New York
|
+$2.83M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$2.39M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$2.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$9.34M |
| 2 |
Renaissance Technologies
New York
|
-$7.35M |
| 3 |
PSCM
Prince Street Capital Management
New York
|
-$2.26M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.61M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$878K |
TEO Hedge Fund Activity: Q1 2016 in Review
61 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Telecom Argentina (TEO) for Q1 2016, worth a combined $298M — up 9.1% from $273M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of TEO and 9 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 21 added.
The largest buyer was EMS Capital, adding an estimated $3.08M. The largest seller was Franklin Resources, cutting an estimated $9.34M.
- 61 institutional investors held Telecom Argentina (TEO) as of Q1 2016, down from 64 in Q4 2015.
- Funds reported $298M of Telecom Argentina stock for Q1 2016, up 9.1% quarter-over-quarter.
- 9 funds opened new Telecom Argentina positions in Q1 2016 and 12 closed out, a net change of -3 holders.
- The largest Telecom Argentina buyer in Q1 2016 was EMS Capital, an estimated $3.08M added.
- The largest Telecom Argentina seller in Q1 2016 was Franklin Resources, an estimated $9.34M sold.
Based on aggregated 13F filings for Q1 2016.