Telecom Italia
TI
TI was delisted on the 5th of July, 2019.
78 hedge funds and large institutions have $174M invested in Telecom Italia in 2016 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 41 reducing their positions, and 11 closing their positions.
3% less funds holding
Funds holding: 80 → 78 (-2)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
24% less capital invested
Capital invested by funds: $227M → $174M (-$53.5M)
68% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 41
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $151K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIP
Brandes Investment Partners
La Jolla,
California
|
+$3.29M |
| 2 |
VKH
Virtu KCG Holdings
New York
|
+$359K |
| 3 |
CGT
Capital Guardian Trust
Los Angeles,
California
|
+$321K |
| 4 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$138K |
| 5 |
CCA
Checchi Capital Advisers
Beverly Hills,
California
|
+$113K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
-$14.1M |
| 2 |
JP Morgan Chase
New York
|
-$1.21M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.17M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1M |
| 5 |
AssetMark Inc
Concord,
California
|
-$849K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WA
76
WFG Advisors
Dallas,
Texas
| $1K | – | – | – |
|
|
TRCT
77
Tower Research Capital (TRC)
New York
| $1K | +$895 | +83 | New |
|
|
78
AssetMark Inc
Concord,
California
| – | -$849K | -78,722 | -100% |
|
79
Geode Capital Management
Boston,
Massachusetts
| – | -$217K | -17,173 | Closed |
|
|
HPCM
80
High Pointe Capital Management
Chicago,
Illinois
| – | -$188K | -14,870 | Closed |
|
|
LNWWM
81
Laird Norton Wetherby Wealth Management
San Francisco,
California
| – | -$138K | -10,911 | Closed |
|
|
PG
82
PEAK6 Group
Chicago,
Illinois
| – | -$121K | -9,597 | Closed |
|
|
HNB
83
Huntington National Bank
Columbus,
Ohio
| – | -$84K | -6,614 | Closed |
|
84
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$57 | -4,500 | Closed |
|
|
RFWA
85
RPg Family Wealth Advisory
Burlington,
Massachusetts
| – | -$12.1K | -955 | Closed |
|
|
BWA
86
Burt Wealth Advisors
North Bethesda,
Maryland
| – | -$6K | -540 | Closed |
|
TI Hedge Fund Activity: Q1 2016 in Review
78 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Telecom Italia (TI) for Q1 2016, worth a combined $174M — down 24% from $227M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of TI and 9 opened new positions — a net loss of 2 holders — while 41 trimmed existing stakes and 13 added.
The largest buyer was Brandes Investment Partners, adding an estimated $3.29M. The largest seller was Thornburg Investment Management, cutting an estimated $14.1M.
- 78 institutional investors held Telecom Italia (TI) as of Q1 2016, down from 80 in Q4 2015.
- Funds reported $174M of Telecom Italia stock for Q1 2016, down 24% quarter-over-quarter.
- 9 funds opened new Telecom Italia positions in Q1 2016 and 11 closed out, a net change of -2 holders.
- The largest Telecom Italia buyer in Q1 2016 was Brandes Investment Partners, an estimated $3.29M added.
- The largest Telecom Italia seller in Q1 2016 was Thornburg Investment Management, an estimated $14.1M sold.
Based on aggregated 13F filings for Q1 2016.