Telecom Argentina
90 hedge funds and large institutions have $491M invested in Telecom Argentina in 2018 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 36 increasing their positions, 23 reducing their positions, and 19 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 23
0.04% less ownership
Funds ownership: 2.47% → 2.43% (-0.04%)
6% less funds holding
Funds holding: 96 → 90 (-6)
16% less capital invested
Capital invested by funds: $583M → $491M (-$91.9M)
21% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 19
30% less call options, than puts
Call options by funds: $1.8M | Put options by funds: $2.57M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$14.2M |
| 2 |
BlackRock
New York
|
+$12.8M |
| 3 |
Morgan Stanley
New York
|
+$11.8M |
| 4 |
HL
Harding Loevner
Bridgewater,
New Jersey
|
+$11.6M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$10.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
-$21.2M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$12.3M |
| 3 |
TCP
ThornTree Capital Partners
Boston,
Massachusetts
|
-$12.2M |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
-$10.4M |
| 5 |
SR
Sloane Robinson
London,
United Kingdom
|
-$9.55M |
TEO Hedge Fund Activity: Q1 2018 in Review
90 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Telecom Argentina (TEO) for Q1 2018, worth a combined $491M — down 16% from $583M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of TEO and 15 opened new positions — a net loss of 4 holders — while 23 trimmed existing stakes and 36 added.
The largest buyer was Fidelity Investments, adding an estimated $14.2M. The largest seller was Acadian Asset Management, cutting an estimated $21.2M.
- 90 institutional investors held Telecom Argentina (TEO) as of Q1 2018, down from 96 in Q4 2017.
- Funds reported $491M of Telecom Argentina stock for Q1 2018, down 16% quarter-over-quarter.
- 15 funds opened new Telecom Argentina positions in Q1 2018 and 19 closed out, a net change of -4 holders.
- The largest Telecom Argentina buyer in Q1 2018 was Fidelity Investments, an estimated $14.2M added.
- The largest Telecom Argentina seller in Q1 2018 was Acadian Asset Management, an estimated $21.2M sold.
Based on aggregated 13F filings for Q1 2018.