Tenaris
165 hedge funds and large institutions have $2.94B invested in Tenaris in 2017 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 49 increasing their positions, 70 reducing their positions, and 40 closing their positions.
1.26% less ownership
Funds ownership: 9.26% → 8% (-1.3%)
12% less funds holding
Funds holding: 187 → 165 (-22)
21% less capital invested
Capital invested by funds: $3.72B → $2.94B (-$784M)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
30% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 70
50% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 40
77% less call options, than puts
Call options by funds: $1.3M | Put options by funds: $5.74M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RL
Ruffer LLP
London,
United Kingdom
|
+$66.5M |
| 2 |
LM
Luminus Management
Houston,
Texas
|
+$49.3M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$28M |
| 4 |
Millennium Management
New York
|
+$24.3M |
| 5 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$12.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$160M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$85.4M |
| 3 |
CC
Carlson Capital
Dallas,
Texas
|
-$72.1M |
| 4 |
MWNA
Marshall Wace North America
New York
|
-$47.5M |
| 5 |
KP
Kiltearn Partners
Edinburgh,
United Kingdom
|
-$47.3M |
TS Hedge Fund Activity: Q2 2017 in Review
165 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Tenaris (TS) for Q2 2017, worth a combined $2.94B — down 21% from $3.72B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of TS and 20 opened new positions — a net loss of 20 holders — while 70 trimmed existing stakes and 49 added.
The largest buyer was Ruffer LLP, adding an estimated $66.5M. The largest seller was Artisan Partners, exiting entirely with an estimated $160M sold.
- 165 institutional investors held Tenaris (TS) as of Q2 2017, down from 187 in Q1 2017.
- Funds reported $2.94B of Tenaris stock for Q2 2017, down 21% quarter-over-quarter.
- 20 funds opened new Tenaris positions in Q2 2017 and 40 closed out, a net change of -20 holders.
- The largest Tenaris buyer in Q2 2017 was Ruffer LLP, an estimated $66.5M added.
- The largest Tenaris seller in Q2 2017 was Artisan Partners, an estimated $160M sold.
Based on aggregated 13F filings for Q2 2017.