Telecom Argentina
96 hedge funds and large institutions have $583M invested in Telecom Argentina in 2017 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 23 increasing their positions, 26 reducing their positions, and 21 closing their positions.
60% more capital invested
Capital invested by funds: $364M → $583M (+$219M)
43% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 21
10% more funds holding
Funds holding: 87 → 96 (+9)
0.02% more ownership
Funds ownership: 2.45% → 2.47% (+0.02%)
12% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 26
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
82% less call options, than puts
Call options by funds: $999K | Put options by funds: $5.48M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$40.9M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
+$26.6M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
+$25.1M |
| 4 |
RCM
Redwood Capital Management
New York
|
+$20.5M |
| 5 |
JP Morgan Chase
New York
|
+$20.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EMS Capital
New York
|
-$25.5M |
| 2 |
Millennium Management
New York
|
-$12.9M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$5.73M |
| 4 |
BCM
Bienville Capital Management
New York
|
-$4.5M |
| 5 |
GAMA
Graticule Asia Macro Advisors
New York
|
-$3.05M |
TEO Hedge Fund Activity: Q4 2017 in Review
96 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Telecom Argentina (TEO) for Q4 2017, worth a combined $583M — up 60% from $364M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new TEO positions and 21 closed out — a net gain of 9 holders — while 23 added to existing stakes and 26 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $40.9M. The largest seller was EMS Capital, exiting entirely with an estimated $25.5M sold.
- 96 institutional investors held Telecom Argentina (TEO) as of Q4 2017, up from 87 in Q3 2017.
- Funds reported $583M of Telecom Argentina stock for Q4 2017, up 60% quarter-over-quarter.
- 30 funds opened new Telecom Argentina positions in Q4 2017 and 21 closed out, a net change of +9 holders.
- The largest Telecom Argentina buyer in Q4 2017 was Morgan Stanley, an estimated $40.9M added.
- The largest Telecom Argentina seller in Q4 2017 was EMS Capital, an estimated $25.5M sold.
Based on aggregated 13F filings for Q4 2017.