Telecom Argentina
87 hedge funds and large institutions have $364M invested in Telecom Argentina in 2017 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 18 closing their positions.
40% more capital invested
Capital invested by funds: $260M → $364M (+$104M)
39% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 18
13% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 24
4% more funds holding
Funds holding: 84 → 87 (+3)
0.32% more ownership
Funds ownership: 2.13% → 2.45% (+0.32%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
83% less call options, than puts
Call options by funds: $1.39M | Put options by funds: $7.97M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$18.5M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$10.8M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$9.15M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$7.51M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$6.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bienville Capital Management
New York
|
-$13.1M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$10.6M |
| 3 |
BlackRock
New York
|
-$4.69M |
| 4 |
GXMC
Global X Management Company
New York
|
-$3.05M |
| 5 |
JGUA
John G. Ullman & Associates
Corning,
New York
|
-$2.72M |
TEO Hedge Fund Activity: Q3 2017 in Review
87 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Telecom Argentina (TEO) for Q3 2017, worth a combined $364M — up 40% from $260M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new TEO positions and 18 closed out — a net gain of 7 holders — while 27 added to existing stakes and 24 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $18.5M. The largest seller was Bienville Capital Management, cutting an estimated $13.1M.
- 87 institutional investors held Telecom Argentina (TEO) as of Q3 2017, up from 84 in Q2 2017.
- Funds reported $364M of Telecom Argentina stock for Q3 2017, up 40% quarter-over-quarter.
- 25 funds opened new Telecom Argentina positions in Q3 2017 and 18 closed out, a net change of +7 holders.
- The largest Telecom Argentina buyer in Q3 2017 was Fidelity Investments, an estimated $18.5M added.
- The largest Telecom Argentina seller in Q3 2017 was Bienville Capital Management, an estimated $13.1M sold.
Based on aggregated 13F filings for Q3 2017.