Telecom Argentina
87 hedge funds and large institutions have $145M invested in Telecom Argentina in 2019 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 22 increasing their positions, 26 reducing their positions, and 11 closing their positions.
36% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 11
5% more funds holding
Funds holding: 83 → 87 (+4)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.2% less ownership
Funds ownership: 2.48% → 2.27% (-0.2%)
15% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 26
48% less capital invested
Capital invested by funds: $280M → $145M (-$135M)
69% less call options, than puts
Call options by funds: $3.1M | Put options by funds: $10M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAMNY
Marathon Asset Management (New York)
New York
|
+$3.68M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.67M |
| 3 |
HT
HAP Trading
New York
|
+$1.54M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$1.53M |
| 5 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$1.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KSCM
Key Square Capital Management
Stamford,
Connecticut
|
-$10.3M |
| 2 |
JP Morgan Chase
New York
|
-$7.84M |
| 3 |
BlackRock
New York
|
-$3.56M |
| 4 |
RAM
RWC Asset Management
London,
United Kingdom
|
-$2.58M |
| 5 |
HL
Harding Loevner
Bridgewater,
New Jersey
|
-$2.15M |
TEO Hedge Fund Activity: Q3 2019 in Review
87 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Telecom Argentina (TEO) for Q3 2019, worth a combined $145M — down 48% from $280M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new TEO positions and 11 closed out — a net gain of 4 holders — while 22 added to existing stakes and 26 trimmed.
The largest buyer was Marathon Asset Management (New York), opening a new position worth an estimated $3.68M. The largest seller was Key Square Capital Management, exiting entirely with an estimated $10.3M sold.
- 87 institutional investors held Telecom Argentina (TEO) as of Q3 2019, up from 83 in Q2 2019.
- Funds reported $145M of Telecom Argentina stock for Q3 2019, down 48% quarter-over-quarter.
- 15 funds opened new Telecom Argentina positions in Q3 2019 and 11 closed out, a net change of +4 holders.
- The largest Telecom Argentina buyer in Q3 2019 was Marathon Asset Management (New York), an estimated $3.68M added.
- The largest Telecom Argentina seller in Q3 2019 was Key Square Capital Management, an estimated $10.3M sold.
Based on aggregated 13F filings for Q3 2019.