Tenaris
161 hedge funds and large institutions have $5.5B invested in Tenaris in 2014 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 51 increasing their positions, 54 reducing their positions, and 28 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
46% more call options, than puts
Call options by funds: $20.5M | Put options by funds: $14M
0.64% less ownership
Funds ownership: 11.18% → 10.53% (-0.64%)
4% less capital invested
Capital invested by funds: $5.74B → $5.5B (-$238M)
6% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 54
3% less funds holding
Funds holding: 166 → 161 (-5)
11% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$23.3M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$13.9M |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$11.7M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$11M |
| 5 |
CC
Carlson Capital
Dallas,
Texas
|
+$8.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Aberdeen Asset Management
Aberdeen,
United Kingdom
|
-$181M |
| 2 |
JP Morgan Chase
New York
|
-$49.2M |
| 3 |
AII
AGF Investments Inc
Toronto,
Ontario, Canada
|
-$41M |
| 4 |
WI
WHV Investments
San Francisco,
California
|
-$27.7M |
| 5 |
Ninety One (UK)
London,
United Kingdom
|
-$20.3M |
TS Hedge Fund Activity: Q1 2014 in Review
161 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Tenaris (TS) for Q1 2014, worth a combined $5.5B — down 4.2% from $5.74B a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of TS and 25 opened new positions — a net loss of 3 holders — while 54 trimmed existing stakes and 51 added.
The largest buyer was Neuberger Berman Group, adding an estimated $23.3M. The largest seller was Aberdeen Asset Management, cutting an estimated $181M.
- 161 institutional investors held Tenaris (TS) as of Q1 2014, down from 166 in Q4 2013.
- Funds reported $5.5B of Tenaris stock for Q1 2014, down 4.2% quarter-over-quarter.
- 25 funds opened new Tenaris positions in Q1 2014 and 28 closed out, a net change of -3 holders.
- The largest Tenaris buyer in Q1 2014 was Neuberger Berman Group, an estimated $23.3M added.
- The largest Tenaris seller in Q1 2014 was Aberdeen Asset Management, an estimated $181M sold.
Based on aggregated 13F filings for Q1 2014.