Telesat
TSAT
59 hedge funds and large institutions have $1.06B invested in Telesat in 2025 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 13 increasing their positions, 16 reducing their positions, and 11 closing their positions.
383% more call options, than puts
Call options by funds: $7.32M | Put options by funds: $1.52M
30% more capital invested
Capital invested by funds: $820M → $1.06B (+$245M)
18% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 11
4% more funds holding
Funds holding: 57 → 59 (+2)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
16.32% less ownership
Funds ownership: 313.85% → 297.53% (-16%)
19% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
+$1.77M |
| 2 |
Jane Street
New York
|
+$1.51M |
| 3 |
Walleye Capital
New York
|
+$1.3M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$1.01M |
| 5 |
Renaissance Technologies
New York
|
+$981K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCL
Heard Capital LLC
Chicago,
Illinois
|
-$2.26M |
| 2 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
-$1.9M |
| 3 |
LAII
LM Asset (IM) Inc
Vancouver,
British Columbia, Canada
|
-$1.14M |
| 4 |
NAM
Nexpoint Asset Management
Dallas,
Texas
|
-$994K |
| 5 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$637K |
TSAT Hedge Fund Activity: Q2 2025 in Review
59 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Telesat (TSAT) for Q2 2025, worth a combined $1.06B — up 30% from $820M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new TSAT positions and 11 closed out — a net gain of 2 holders — while 13 added to existing stakes and 16 trimmed.
The largest buyer was PenderFund Capital Management, opening a new position worth an estimated $1.77M. The largest seller was Heard Capital LLC, cutting an estimated $2.26M.
- 59 institutional investors held Telesat (TSAT) as of Q2 2025, up from 57 in Q1 2025.
- Funds reported $1.06B of Telesat stock for Q2 2025, up 30% quarter-over-quarter.
- 13 funds opened new Telesat positions in Q2 2025 and 11 closed out, a net change of +2 holders.
- The largest Telesat buyer in Q2 2025 was PenderFund Capital Management, an estimated $1.77M added.
- The largest Telesat seller in Q2 2025 was Heard Capital LLC, an estimated $2.26M sold.
Based on aggregated 13F filings for Q2 2025.