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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
HighTower Advisors
101
HighTower Advisors
Illinois
$396K +$411K +9,059 New
SCA
102
Salient Capital Advisors
Texas
$376K +$390K +8,606 New
IAM
103
Impax Asset Management
New Hampshire
$350K – – –
PPCM
104
Pillar Pacific Capital Management
California
$350K – – –
Janus Henderson Group
105
Janus Henderson Group
United Kingdom
$328K -$6.42M -141,500 -95%
PI
106
Placemark Investments
Illinois
$323K +$27.8K +612 +9%
Brown Advisory
107
Brown Advisory
Maryland
$289K – – –
WT
108
Wilmington Trust
Delaware
$288K – – –
MSU
109
Maple Securities USA
New Jersey
$270K +$13K +287 +5%
SIA
110
Sit Investment Associates
Minnesota
$267K – – –
RHBC
111
R.H. Bluestein & Co
Michigan
$262K – – –
ANI
112
American National Insurance
Texas
$258K – – –
Jennison Associates
113
Jennison Associates
New York
$253K -$321K -7,076 -55%
FB
114
Fulton Bank
Pennsylvania
$253K +$4.4K +97 +2%
Pacer Advisors
115
Pacer Advisors
Pennsylvania
$252K +$378K +8,345 New
AIA
116
Avalon Investment & Advisory
Texas
$251K +$34.5K +760 +15%
Twin Tree Management
117
Twin Tree Management
Texas
$236K +$113K +2,500 +86%
TFCP
118
Twin Focus Capital Partners
Massachusetts
$232K -$12.5K -275 -5%
JMPWA
119
JP Morgan Private Wealth Advisors
California
$231K +$240K +5,290 New
SGH
120
Schonfeld Group Holdings
New York
$223K +$231K +5,100 New
Neuberger Berman Group
121
Neuberger Berman Group
New York
$220K +$228K +5,035 New
GI
122
GAMCO Investors
Connecticut
$218K – – –
TH
123
Timber Hill
Connecticut
$216K +$224K +4,941 New
Bank of Montreal
124
Bank of Montreal
Ontario, Canada
$212K – – –
Walleye Trading
125
Walleye Trading
New York
$174K -$53.6K -1,181 -23%
3 4
5
6 7

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.