Telecom Argentina
77 hedge funds and large institutions have $273M invested in Telecom Argentina in 2018 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 23 increasing their positions, 21 reducing their positions, and 32 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 21
0.05% less ownership
Funds ownership: 2.43% → 2.38% (-0.05%)
14% less funds holding
Funds holding: 90 → 77 (-13)
32% less call options, than puts
Call options by funds: $1.47M | Put options by funds: $2.15M
34% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 32
44% less capital invested
Capital invested by funds: $491M → $273M (-$218M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KSCM
Key Square Capital Management
Stamford,
Connecticut
|
+$53.1M |
| 2 |
RCM
Redwood Capital Management
New York
|
+$13.6M |
| 3 |
NCM
Newfoundland Capital Management
Sao Paulo,
Brazil
|
+$9.23M |
| 4 |
EC
EMS Capital
New York
|
+$7.57M |
| 5 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$6.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$19.2M |
| 2 |
William Blair Investment Management
Chicago,
Illinois
|
-$18.6M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$14.3M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$13.1M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$12M |
TEO Hedge Fund Activity: Q2 2018 in Review
77 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Telecom Argentina (TEO) for Q2 2018, worth a combined $273M — down 44% from $491M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of TEO and 21 opened new positions — a net loss of 11 holders — while 21 trimmed existing stakes and 23 added.
The largest buyer was Key Square Capital Management, opening a new position worth an estimated $53.1M. The largest seller was Franklin Resources, cutting an estimated $19.2M.
- 77 institutional investors held Telecom Argentina (TEO) as of Q2 2018, down from 90 in Q1 2018.
- Funds reported $273M of Telecom Argentina stock for Q2 2018, down 44% quarter-over-quarter.
- 21 funds opened new Telecom Argentina positions in Q2 2018 and 32 closed out, a net change of -11 holders.
- The largest Telecom Argentina buyer in Q2 2018 was Key Square Capital Management, an estimated $53.1M added.
- The largest Telecom Argentina seller in Q2 2018 was Franklin Resources, an estimated $19.2M sold.
Based on aggregated 13F filings for Q2 2018.