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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
SCA
176
SAC Capital Advisors
Connecticut
– -$2.41M -51,502 Closed
Canada Pension Plan Investment Board
177
Canada Pension Plan Investment Board
Ontario, Canada
– -$1.75M -37,517 Closed
CRM
178
Cramer Rosenthal McGlynn
Connecticut
– -$744K -15,900 Closed
BlackRock
179
BlackRock
New York
– -$580K -12,402 Closed
FM
180
Forward Management
California
– -$519K -11,100 Closed
QIM
181
Quantitative Investment Management
Virginia
– -$477K -10,200 Closed
IG
182
ING Group
Netherlands
– -$465K -9,932 Closed
LPL Financial
183
LPL Financial
California
– -$333K -7,200 Closed
CANY
184
Caxton Associates (New York)
New York
– -$332K -7,100 Closed
BCAM
185
Boston Common Asset Management
Massachusetts
– -$27K -575 Closed
RIA
186
Regal Investment Advisors
Michigan
– -$14K -301 Closed
GT
187
Glenmede Trust
Pennsylvania
– -$6K -140 Closed
EWM
188
Evercore Wealth Management
New York
– -$4K -85 Closed
Parallax Volatility Advisers
189
Parallax Volatility Advisers
California
– -$3K -72 Closed
4 5 6 7
8

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.