Tenaris
136 hedge funds and large institutions have $2.46B invested in Tenaris in 2015 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 53 increasing their positions, 44 reducing their positions, and 24 closing their positions.
60% more call options, than puts
Call options by funds: $1.7M | Put options by funds: $1.07M
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
20% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 44
1.58% less ownership
Funds ownership: 10.08% → 8.5% (-1.6%)
6% less funds holding
Funds holding: 145 → 136 (-9)
10% less capital invested
Capital invested by funds: $2.73B → $2.46B (-$277M)
33% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$56M |
| 2 |
CC
Carlson Capital
Dallas,
Texas
|
+$24.6M |
| 3 |
Jane Street
New York
|
+$23.5M |
| 4 |
D.E. Shaw & Co
New York
|
+$17.3M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$14.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Aberdeen Asset Management
Aberdeen,
United Kingdom
|
-$263M |
| 2 |
O
OppenheimerFunds
New York
|
-$150M |
| 3 |
WI
WHV Investments
San Francisco,
California
|
-$40.6M |
| 4 |
HL
Harding Loevner
Bridgewater,
New Jersey
|
-$22.1M |
| 5 |
Renaissance Technologies
New York
|
-$10.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Group One Trading
Chicago,
Illinois
| – | -$119K | -4,931 | Closed |
|
|
CM
152
CoreCommodity Management
Stamford,
Connecticut
| – | -$66K | -2,743 | Closed |
|
153
Simplex Trading
Chicago,
Illinois
| – | -$10.5K | -416 | Closed |
|
|
BIM
154
BlackRock Investment Management
Wilmington,
Delaware
| – | -$5K | -191 | Closed |
|
|
ZB
155
Zions Bancorporation
Salt Lake City,
Utah
| – | -$5K | -183 | Closed |
|
|
BBHC
156
Brown Brothers Harriman & Co
New York
| – | -$4K | -171 | Closed |
|
157
ClearBridge Investments
New York
| – | -$3K | -130 | Closed |
|
|
FNBT
158
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$1K | -53 | Closed |
|
|
BF
159
BOK Financial
Tulsa,
Oklahoma
| – | -$1.01K | -40 | Closed |
|
160
AssetMark Inc
Concord,
California
| – | +$380 | +15 | New |
|
TS Hedge Fund Activity: Q4 2015 in Review
136 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Tenaris (TS) for Q4 2015, worth a combined $2.46B — down 10% from $2.73B a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of TS and 16 opened new positions — a net loss of 8 holders — while 44 trimmed existing stakes and 53 added.
The largest buyer was Millennium Management, adding an estimated $56M. The largest seller was Aberdeen Asset Management, cutting an estimated $263M.
- 136 institutional investors held Tenaris (TS) as of Q4 2015, down from 145 in Q3 2015.
- Funds reported $2.46B of Tenaris stock for Q4 2015, down 10% quarter-over-quarter.
- 16 funds opened new Tenaris positions in Q4 2015 and 24 closed out, a net change of -8 holders.
- The largest Tenaris buyer in Q4 2015 was Millennium Management, an estimated $56M added.
- The largest Tenaris seller in Q4 2015 was Aberdeen Asset Management, an estimated $263M sold.
Based on aggregated 13F filings for Q4 2015.