Telesat
TSAT
46 hedge funds and large institutions have $640M invested in Telesat in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 10 closing their positions.
174% more call options, than puts
Call options by funds: $3.55M | Put options by funds: $1.3M
52% more capital invested
Capital invested by funds: $421M → $640M (+$219M)
20% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 10
5% more funds holding
Funds holding: 44 → 46 (+2)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4.5% less ownership
Funds ownership: 335.89% → 331.39% (-4.5%)
15% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$2.93M |
| 2 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$2.08M |
| 3 |
SAM
Simplify Asset Management
Las Vegas,
Nevada
|
+$1.36M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$705K |
| 5 |
GF
Gabelli Funds
Rye,
New York
|
+$514K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCMNY
Rubric Capital Management (New York)
New York
|
-$4.18M |
| 2 |
PCM
Philosophy Capital Management
Alamo,
California
|
-$2.67M |
| 3 |
AIP
ARS Investment Partners
New York
|
-$952K |
| 4 |
WIM
Wittenberg Investment Management
Carlisle,
Massachusetts
|
-$485K |
| 5 |
HCL
Heard Capital LLC
Chicago,
Illinois
|
-$465K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CSS
51
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$169K | -17,911 | Closed |
|
|
TI
52
Trexquant Investment
Stamford,
Connecticut
| – | -$99K | -10,510 | Closed |
|
|
SFO
53
Stokes Family Office
New Orleans,
Louisiana
| – | -$94.2K | -10,000 | Closed |
|
54
Simplex Trading
Chicago,
Illinois
| – | -$3.91K | -288 | Closed |
|
55
Group One Trading
Chicago,
Illinois
| – | -$2.16K | -159 | Closed |
|
|
LSA
56
Leonteq Securities AG
Zurich,
Switzerland
| – | -$725 | -77 | Closed |
|
TSAT Hedge Fund Activity: Q3 2023 in Review
46 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Telesat (TSAT) for Q3 2023, worth a combined $640M — up 52% from $421M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new TSAT positions and 10 closed out — a net gain of 2 holders — while 11 added to existing stakes and 13 trimmed.
The largest buyer was GAMCO Investors, adding an estimated $2.93M. The largest seller was Rubric Capital Management (New York), cutting an estimated $4.18M.
- 46 institutional investors held Telesat (TSAT) as of Q3 2023, up from 44 in Q2 2023.
- Funds reported $640M of Telesat stock for Q3 2023, up 52% quarter-over-quarter.
- 12 funds opened new Telesat positions in Q3 2023 and 10 closed out, a net change of +2 holders.
- The largest Telesat buyer in Q3 2023 was GAMCO Investors, an estimated $2.93M added.
- The largest Telesat seller in Q3 2023 was Rubric Capital Management (New York), an estimated $4.18M sold.
Based on aggregated 13F filings for Q3 2023.