Telecom Argentina
60 hedge funds and large institutions have $204M invested in Telecom Argentina in 2016 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 13 increasing their positions, 16 reducing their positions, and 22 closing their positions.
0.96% less ownership
Funds ownership: 3.29% → 2.33% (-0.96%)
14% less funds holding
Funds holding: 70 → 60 (-10)
19% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 16
30% less capital invested
Capital invested by funds: $290M → $204M (-$86.3M)
41% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 22
60% less call options, than puts
Call options by funds: $978K | Put options by funds: $2.46M
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$3.81M |
| 2 |
FCE
Fiera Capital (Europe)
Grand Cayman,
Cayman Islands
|
+$2.83M |
| 3 |
FCH
Freestone Capital Holdings
Seattle,
Washington
|
+$2.8M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$2.46M |
| 5 |
BCM
Bienville Capital Management
New York
|
+$2.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$33.9M |
| 2 |
Morgan Stanley
New York
|
-$25.9M |
| 3 |
PSCM
Prince Street Capital Management
New York
|
-$6.64M |
| 4 |
ACM
Amber Capital Management
Grand Cayman,
Cayman Islands
|
-$5.53M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$5.36M |
TEO Hedge Fund Activity: Q4 2016 in Review
60 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Telecom Argentina (TEO) for Q4 2016, worth a combined $204M — down 30% from $290M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of TEO and 13 opened new positions — a net loss of 9 holders — while 16 trimmed existing stakes and 13 added.
The largest buyer was AllianceBernstein, adding an estimated $3.81M. The largest seller was Renaissance Technologies, exiting entirely with an estimated $33.9M sold.
- 60 institutional investors held Telecom Argentina (TEO) as of Q4 2016, down from 70 in Q3 2016.
- Funds reported $204M of Telecom Argentina stock for Q4 2016, down 30% quarter-over-quarter.
- 13 funds opened new Telecom Argentina positions in Q4 2016 and 22 closed out, a net change of -9 holders.
- The largest Telecom Argentina buyer in Q4 2016 was AllianceBernstein, an estimated $3.81M added.
- The largest Telecom Argentina seller in Q4 2016 was Renaissance Technologies, an estimated $33.9M sold.
Based on aggregated 13F filings for Q4 2016.