Telecom Argentina
62 hedge funds and large institutions have $199M invested in Telecom Argentina in 2018 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 21 reducing their positions, and 13 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
32% more call options, than puts
Call options by funds: $2.46M | Put options by funds: $1.87M
0.04% less ownership
Funds ownership: 3.01% → 2.97% (-0.04%)
7% less funds holding
Funds holding: 67 → 62 (-5)
11% less capital inflows, than outflows
Capital inflows: $27.4M | Capital outflows: $30.9M
24% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 21
31% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bienville Capital Management
New York
|
+$9.9M |
| 2 |
Newfoundland Capital Management
Sao Paulo,
Brazil
|
+$4.27M |
| 3 |
Oaktree Capital Management
Los Angeles,
California
|
+$3.88M |
| 4 |
Millennium Management
New York
|
+$1.93M |
| 5 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$17.5M |
| 2 |
Morgan Stanley
New York
|
-$3.45M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$2.02M |
| 4 |
Simplex Trading
Chicago,
Illinois
|
-$1.1M |
| 5 |
KSCM
Key Square Capital Management
Stamford,
Connecticut
|
-$929K |
TEO Hedge Fund Activity: Q4 2018 in Review
62 of the 4,506 institutional investors tracked by Wall St. Rank reported a position in Telecom Argentina (TEO) for Q4 2018, worth a combined $199M — down 12% from $226M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of TEO and 9 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 16 added.
The largest buyer was Bienville Capital Management, opening a new position worth an estimated $9.9M. The largest seller was Fidelity Investments, exiting entirely with an estimated $17.5M sold.
- 62 institutional investors held Telecom Argentina (TEO) as of Q4 2018, down from 67 in Q3 2018.
- Funds reported $199M of Telecom Argentina stock for Q4 2018, down 12% quarter-over-quarter.
- 9 funds opened new Telecom Argentina positions in Q4 2018 and 13 closed out, a net change of -4 holders.
- The largest Telecom Argentina buyer in Q4 2018 was Bienville Capital Management, an estimated $9.9M added.
- The largest Telecom Argentina seller in Q4 2018 was Fidelity Investments, an estimated $17.5M sold.
Based on aggregated 13F filings for Q4 2018.