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Tenaris
TS

166 hedge funds and large institutions have $5.74B invested in Tenaris in 2013 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 56 increasing their positions, 46 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more call options, than puts

Call options by funds: $8.4M | Put options by funds: $4.85M

22% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 46

0.37% less ownership

Funds ownership: 11.54% → 11.18% (-0.37%)

2% less funds holding

Funds holding: 170 → 166 (-4)

10% less capital invested

Capital invested by funds: $6.38B → $5.74B (-$635M)

12% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 25

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
166
Holders Change
-4
Holders Change %
-2.35%
% of All Funds
4.82%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.12%
New
22
Increased
56
Reduced
46
Closed
25
Calls
$8.4M
Puts
$4.85M
Net Calls
+$3.55M
Net Calls Change
+$400K

Top Buyers

1
JP Morgan Chase
JP Morgan Chase
New York
+$22.2M
2
Jane Street
Jane Street
New York
+$17.4M
3
Renaissance Technologies
Renaissance Technologies
New York
+$13.4M
4
AII
AGF Investments Inc
Ontario, Canada
+$13.1M
5
WHG
Westwood Holdings Group
Texas
+$12M

Top Sellers

1
WI
WHV Investments
California
-$47.9M
2
BA
BlackRock Advisors
Delaware
-$43.3M
3
AAM
Aberdeen Asset Management
United Kingdom
-$40.2M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$40.2M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$32.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Ameriprise
26
Ameriprise
Minnesota
$16M +$272 +6 +0%
CGT
27
Capital Guardian Trust
California
$15.9M +$3.26M +71,800 +25%
Legal & General Group
28
Legal & General Group
United Kingdom
$15.5M – – –
AIMCA
29
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$14.9M – – –
WBC
30
Westpac Banking Corp
Australia
$14.1M -$4.08M -89,898 -22%
TAM
31
Todd Asset Management
Kentucky
$13.6M +$100K +2,207 +0.7%
TRSOTSOK
32
Teachers Retirement System of the State of Kentucky
Kentucky
$13.3M – – –
Norges Bank
33
Norges Bank
Norway
$13.1M – – –
Renaissance Technologies
34
Renaissance Technologies
New York
$12.9M +$13.4M +295,700 New
Vanguard Group
35
Vanguard Group
Pennsylvania
$12.6M +$169K +3,736 +1%
GF
36
Gabelli Funds
New York
$11.9M -$381K -8,400 -3%
VKH
37
Virtu KCG Holdings
New York
$11.1M +$5.55M +122,483 +93%
AQR Capital Management
38
AQR Capital Management
Connecticut
$9.67M +$9.07M +200,030 +944%
California Public Employees Retirement System
39
California Public Employees Retirement System
California
$9.23M +$9.67M +213,160 New
Massachusetts Financial Services
40
Massachusetts Financial Services
Massachusetts
$9.19M -$32.1M -708,510 -77%
Morgan Stanley
41
Morgan Stanley
New York
$8.31M +$2.98M +65,737 +53%
CS
42
Credit Suisse
Switzerland
$8.29M +$1.23M +27,061 +17%
IGIM
43
I.G. Investment Management
Manitoba, Canada
$7.92M +$60.3K +1,330 +0.7%
SCCM
44
Schafer Cullen Capital Management
New York
$6.63M +$330K +7,280 +5%
SC
45
Saturna Capital
Washington
$5.77M – – –
Dimensional Fund Advisors
46
Dimensional Fund Advisors
Texas
$5.16M -$42.7K -942 -0.8%
Millennium Management
47
Millennium Management
New York
$5.15M +$5.04M +111,222 +1,660%
OAM
48
Oxford Asset Management
United Kingdom
$4.83M +$5.02M +110,598 New
ARTA
49
A.R.T. Advisors
New York
$4.72M +$3.22M +71,099 +192%
Northern Trust
50
Northern Trust
Illinois
$4.7M -$300K -6,623 -6%
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TS Hedge Fund Activity: Q4 2013 in Review

166 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Tenaris (TS) for Q4 2013, worth a combined $5.74B — down 10% from $6.38B a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of TS and 22 opened new positions — a net loss of 3 holders — while 46 trimmed existing stakes and 56 added.

The largest buyer was JP Morgan Chase, adding an estimated $22.2M. The largest seller was WHV Investments, cutting an estimated $47.9M.

  • 166 institutional investors held Tenaris (TS) as of Q4 2013, down from 170 in Q3 2013.
  • Funds reported $5.74B of Tenaris stock for Q4 2013, down 10% quarter-over-quarter.
  • 22 funds opened new Tenaris positions in Q4 2013 and 25 closed out, a net change of -3 holders.
  • The largest Tenaris buyer in Q4 2013 was JP Morgan Chase, an estimated $22.2M added.
  • The largest Tenaris seller in Q4 2013 was WHV Investments, an estimated $47.9M sold.

Based on aggregated 13F filings for Q4 2013.