Telecom Argentina
83 hedge funds and large institutions have $280M invested in Telecom Argentina in 2019 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 25 closing their positions.
80% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 25
49% more capital invested
Capital invested by funds: $188M → $280M (+$92.1M)
30% more funds holding
Funds holding: 64 → 83 (+19)
0.48% more ownership
Funds ownership: 2% → 2.48% (+0.48%)
7% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 14
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
36% less call options, than puts
Call options by funds: $6.16M | Put options by funds: $9.64M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$50.3M |
| 2 |
State Street
Boston,
Massachusetts
|
+$36.1M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.54M |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$4.83M |
| 5 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$4.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KSCM
Key Square Capital Management
Stamford,
Connecticut
|
-$25M |
| 2 |
Millennium Management
New York
|
-$13.4M |
| 3 |
NCM
Newfoundland Capital Management
Sao Paulo,
Brazil
|
-$13.1M |
| 4 |
BCM
Bienville Capital Management
New York
|
-$7.47M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$6.68M |
TEO Hedge Fund Activity: Q2 2019 in Review
83 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Telecom Argentina (TEO) for Q2 2019, worth a combined $280M — up 49% from $188M a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new TEO positions and 25 closed out — a net gain of 20 holders — while 13 added to existing stakes and 14 trimmed.
The largest buyer was BlackRock, adding an estimated $50.3M. The largest seller was Key Square Capital Management, cutting an estimated $25M.
- 83 institutional investors held Telecom Argentina (TEO) as of Q2 2019, up from 64 in Q1 2019.
- Funds reported $280M of Telecom Argentina stock for Q2 2019, up 49% quarter-over-quarter.
- 45 funds opened new Telecom Argentina positions in Q2 2019 and 25 closed out, a net change of +20 holders.
- The largest Telecom Argentina buyer in Q2 2019 was BlackRock, an estimated $50.3M added.
- The largest Telecom Argentina seller in Q2 2019 was Key Square Capital Management, an estimated $25M sold.
Based on aggregated 13F filings for Q2 2019.