Telecom Italia
TI
TI was delisted on the 5th of July, 2019.
68 hedge funds and large institutions have $114M invested in Telecom Italia in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 25 reducing their positions, and 15 closing their positions.
8% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 25
13% less funds holding
Funds holding: 78 → 68 (-10)
34% less capital invested
Capital invested by funds: $174M → $114M (-$59.4M)
67% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 15
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIP
Brandes Investment Partners
La Jolla,
California
|
+$8.76M |
| 2 |
PIP
Permian Investment Partners
Dallas,
Texas
|
+$1.91M |
| 3 |
JP Morgan Chase
New York
|
+$1.08M |
| 4 |
Morgan Stanley
New York
|
+$676K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$455K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
-$28.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.23M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$1.69M |
| 4 |
Jane Street
New York
|
-$1.41M |
| 5 |
FA
FDx Advisors
Chicago,
Illinois
|
-$1.22M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CIM
76
Contravisory Investment Management
Norwell,
Massachusetts
| – | -$7K | -627 | Closed |
|
|
AIG
77
American International Group
New York
| – | -$5K | -500 | Closed |
|
|
ASN
78
Advisory Services Network
Atlanta,
Georgia
| – | -$5K | -428 | Closed |
|
79
Creative Planning
Overland Park,
Kansas
| – | -$4K | -384 | Closed |
|
|
TRCT
80
Tower Research Capital (TRC)
New York
| – | -$1K | -83 | Closed |
|
|
WAM
81
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | -$198 | -21 | -27% |
|
|
IA
82
IFP Advisors
Tampa,
Florida
| – | +$94 | +10 | New |
|
TI Hedge Fund Activity: Q2 2016 in Review
68 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Telecom Italia (TI) for Q2 2016, worth a combined $114M — down 34% from $174M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of TI and 5 opened new positions — a net loss of 10 holders — while 25 trimmed existing stakes and 23 added.
The largest buyer was Brandes Investment Partners, adding an estimated $8.76M. The largest seller was Thornburg Investment Management, exiting entirely with an estimated $28.8M sold.
- 68 institutional investors held Telecom Italia (TI) as of Q2 2016, down from 78 in Q1 2016.
- Funds reported $114M of Telecom Italia stock for Q2 2016, down 34% quarter-over-quarter.
- 5 funds opened new Telecom Italia positions in Q2 2016 and 15 closed out, a net change of -10 holders.
- The largest Telecom Italia buyer in Q2 2016 was Brandes Investment Partners, an estimated $8.76M added.
- The largest Telecom Italia seller in Q2 2016 was Thornburg Investment Management, an estimated $28.8M sold.
Based on aggregated 13F filings for Q2 2016.