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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
46
Holders Change
+2
Holders Change %
+4.55%
% of All Funds
0.73%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
12
Increased
11
Reduced
13
Closed
10
Calls
$3.55M
Puts
$1.3M
Net Calls
+$2.25M
Net Calls Change
+$2.19M

Top Buyers

1
GI
GAMCO Investors
Connecticut
+$2.93M
2
HIM
Hillsdale Investment Management
Ontario, Canada
+$2.08M
3
SAM
Simplify Asset Management
Nevada
+$1.36M
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$705K
5
GF
Gabelli Funds
New York
+$514K

Top Sellers

1
RCMNY
Rubric Capital Management (New York)
New York
-$4.18M
2
PCM
Philosophy Capital Management
California
-$2.67M
3
AIP
ARS Investment Partners
New York
-$952K
4
WIM
Wittenberg Investment Management
Massachusetts
-$485K
5
HCL
Heard Capital LLC
Illinois
-$465K
Name Holding Trade Value Shares
Change 		Change in
Stake
CSS
51
Cubist Systematic Strategies
Connecticut
– -$169K -17,911 Closed
TI
52
Trexquant Investment
Connecticut
– -$99K -10,510 Closed
SFO
53
Stokes Family Office
Louisiana
– -$94.2K -10,000 Closed
Simplex Trading
54
Simplex Trading
Illinois
– -$3.91K -288 Closed
Group One Trading
55
Group One Trading
Illinois
– -$2.16K -159 Closed
LSA
56
Leonteq Securities AG
Switzerland
– -$725 -77 Closed
1 2
3

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.