Telecom Argentina
67 hedge funds and large institutions have $226M invested in Telecom Argentina in 2018 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 16 increasing their positions, 21 reducing their positions, and 25 closing their positions.
0.37% less ownership
Funds ownership: 2.38% → 2.01% (-0.37%)
13% less funds holding
Funds holding: 77 → 67 (-10)
17% less capital invested
Capital invested by funds: $273M → $226M (-$47.3M)
24% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 21
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
32% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 25
75% less call options, than puts
Call options by funds: $1.2M | Put options by funds: $4.72M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$8.67M |
| 2 |
NCM
Newfoundland Capital Management
Sao Paulo,
Brazil
|
+$7.34M |
| 3 |
LP
LMR Partners
London,
United Kingdom
|
+$4.86M |
| 4 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$4.26M |
| 5 |
KSCM
Key Square Capital Management
Stamford,
Connecticut
|
+$3.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$9.65M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$7.22M |
| 3 |
BlackRock
New York
|
-$6.2M |
| 4 |
EC
EMS Capital
New York
|
-$5.29M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$4.85M |
TEO Hedge Fund Activity: Q3 2018 in Review
67 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Telecom Argentina (TEO) for Q3 2018, worth a combined $226M — down 17% from $273M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of TEO and 17 opened new positions — a net loss of 8 holders — while 21 trimmed existing stakes and 16 added.
The largest buyer was Oaktree Capital Management, adding an estimated $8.67M. The largest seller was T. Rowe Price Associates, exiting entirely with an estimated $9.65M sold.
- 67 institutional investors held Telecom Argentina (TEO) as of Q3 2018, down from 77 in Q2 2018.
- Funds reported $226M of Telecom Argentina stock for Q3 2018, down 17% quarter-over-quarter.
- 17 funds opened new Telecom Argentina positions in Q3 2018 and 25 closed out, a net change of -8 holders.
- The largest Telecom Argentina buyer in Q3 2018 was Oaktree Capital Management, an estimated $8.67M added.
- The largest Telecom Argentina seller in Q3 2018 was T. Rowe Price Associates, an estimated $9.65M sold.
Based on aggregated 13F filings for Q3 2018.