Telecom Argentina
64 hedge funds and large institutions have $188M invested in Telecom Argentina in 2019 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 11 closing their positions.
113% more call options, than puts
Call options by funds: $2.41M | Put options by funds: $1.13M
36% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 11
27% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 15
3% more funds holding
Funds holding: 62 → 64 (+2)
0.01% more ownership
Funds ownership: 1.99% → 2% (+0.01%)
6% less capital invested
Capital invested by funds: $199M → $188M (-$11.1M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$10.4M |
| 2 |
JP Morgan Chase
New York
|
+$6.19M |
| 3 |
ECM
ExodusPoint Capital Management
New York
|
+$4.5M |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$4.09M |
| 5 |
SCM
Stonehill Capital Management
New York
|
+$2.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$20.5M |
| 2 |
CHCM
Columbus Hill Capital Management
Short Hills,
New Jersey
|
-$5.46M |
| 3 |
BlackRock
New York
|
-$3.84M |
| 4 |
FCH
Freestone Capital Holdings
Seattle,
Washington
|
-$2.46M |
| 5 |
NCM
Newfoundland Capital Management
Sao Paulo,
Brazil
|
-$2.4M |
TEO Hedge Fund Activity: Q1 2019 in Review
64 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Telecom Argentina (TEO) for Q1 2019, worth a combined $188M — down 5.6% from $199M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new TEO positions and 11 closed out — a net gain of 4 holders — while 19 added to existing stakes and 15 trimmed.
The largest buyer was Millennium Management, adding an estimated $10.4M. The largest seller was Morgan Stanley, cutting an estimated $20.5M.
- 64 institutional investors held Telecom Argentina (TEO) as of Q1 2019, up from 62 in Q4 2018.
- Funds reported $188M of Telecom Argentina stock for Q1 2019, down 5.6% quarter-over-quarter.
- 15 funds opened new Telecom Argentina positions in Q1 2019 and 11 closed out, a net change of +4 holders.
- The largest Telecom Argentina buyer in Q1 2019 was Millennium Management, an estimated $10.4M added.
- The largest Telecom Argentina seller in Q1 2019 was Morgan Stanley, an estimated $20.5M sold.
Based on aggregated 13F filings for Q1 2019.