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Telecom Argentina
TEO

84 hedge funds and large institutions have $260M invested in Telecom Argentina in 2017 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 17 increasing their positions, 25 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

520% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 5

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

42% more funds holding

Funds holding: 59 → 84 (+25)

5% more capital invested

Capital invested by funds: $249M → $260M (+$11.2M)

0.2% less ownership

Funds ownership: 2.33% → 2.13% (-0.2%)

32% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 25

69% less call options, than puts

Call options by funds: $960K | Put options by funds: $3.11M

Holders
84
Holders Change
+25
Holders Change %
+42.37%
% of All Funds
2.09%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.07%
New
31
Increased
17
Reduced
25
Closed
5
Calls
$960K
Puts
$3.11M
Net Calls
-$2.15M
Net Calls Change
-$2.33M

Top Buyers

1
OMCS
Old Mutual Customised Solutions
South Africa
+$6.94M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$4.91M
3
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$4.62M
4
FCH
Freestone Capital Holdings
Washington
+$4.15M
5
DCM
Driehaus Capital Management
Illinois
+$3.9M

Top Sellers

1
BCM
Bienville Capital Management
New York
-$20.6M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$9.76M
3
EC
EMS Capital
New York
-$5.34M
4
SFM
Soros Fund Management
New York
-$5.18M
5
GAMA
Graticule Asia Macro Advisors
New York
-$4.65M
Name Holding Trade Value Shares
Change 		Change in
Stake
Franklin Resources
1
Franklin Resources
California
$41.1M -$3.59M -148,800 -8%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$23.7M -$9.76M -404,900 -30%
EC
3
EMS Capital
New York
$21M -$5.34M -221,730 -21%
BlackRock
4
BlackRock
New York
$17.9M -$1.47M -61,020 -8%
BCM
5
Bienville Capital Management
New York
$15M -$20.6M -855,426 -59%
AllianceBernstein
6
AllianceBernstein
Tennessee
$14.1M +$404K +16,750 +3%
CHCM
7
Columbus Hill Capital Management
New Jersey
$12.9M -$339K -14,054 -3%
Acadian Asset Management
8
Acadian Asset Management
Massachusetts
$12.9M +$4.62M +191,773 +61%
FCH
9
Freestone Capital Holdings
Washington
$9.21M +$4.15M +172,387 +90%
GXMC
10
Global X Management Company
New York
$7.82M +$1.56M +64,753 +27%
Millennium Management
11
Millennium Management
New York
$7.37M +$2.25M +93,550 +47%
OMCS
12
Old Mutual Customised Solutions
South Africa
$7.3M +$6.94M +288,100 New
Fiera Capital (Canada)
13
Fiera Capital (Canada)
Quebec, Canada
$5.16M +$4.91M +203,794 New
Morgan Stanley
14
Morgan Stanley
New York
$4.42M +$355K +14,712 +9%
GAMA
15
Graticule Asia Macro Advisors
New York
$4.11M -$4.65M -192,765 -54%
DCM
16
Driehaus Capital Management
Illinois
$4.1M +$3.9M +161,851 New
RAA
17
RWC Asset Advisors
Florida
$3.91M – – –
RCM
18
Redwood Capital Management
New York
$3.8M – – –
Goldman Sachs
19
Goldman Sachs
New York
$3M -$3.21M -133,005 -53%
TCP
20
ThornTree Capital Partners
Massachusetts
$2.72M +$2.59M +107,398 New
JGUA
21
John G. Ullman & Associates
New York
$2.72M -$38.6K -1,600 -1%
AIM
22
abrdn Investment Management
United Kingdom
$2.7M – – –
DWA
23
Dorsey Wright & Associates
California
$2.52M +$2.4M +99,491 New
GF
24
Gabelli Funds
New York
$2.15M -$120K -5,000 -6%
Public Sector Pension Investment Board (PSP Investments)
25
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.1M – – –
1
2 3 4

TEO Hedge Fund Activity: Q2 2017 in Review

84 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Telecom Argentina (TEO) for Q2 2017, worth a combined $260M — up 4.5% from $249M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new TEO positions and 5 closed out — a net gain of 26 holders — while 17 added to existing stakes and 25 trimmed.

The largest buyer was Old Mutual Customised Solutions, opening a new position worth an estimated $6.94M. The largest seller was Bienville Capital Management, cutting an estimated $20.6M.

  • 84 institutional investors held Telecom Argentina (TEO) as of Q2 2017, up from 59 in Q1 2017.
  • Funds reported $260M of Telecom Argentina stock for Q2 2017, up 4.5% quarter-over-quarter.
  • 31 funds opened new Telecom Argentina positions in Q2 2017 and 5 closed out, a net change of +26 holders.
  • The largest Telecom Argentina buyer in Q2 2017 was Old Mutual Customised Solutions, an estimated $6.94M added.
  • The largest Telecom Argentina seller in Q2 2017 was Bienville Capital Management, an estimated $20.6M sold.

Based on aggregated 13F filings for Q2 2017.