Telesat
TSAT
45 hedge funds and large institutions have $376M invested in Telesat in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 15 reducing their positions, and 9 closing their positions.
272% more call options, than puts
Call options by funds: $457K | Put options by funds: $123K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6.23% less ownership
Funds ownership: 334.4% → 328.16% (-6.2%)
8% less funds holding
Funds holding: 49 → 45 (-4)
20% less capital invested
Capital invested by funds: $470M → $376M (-$94.2M)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
60% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NAM
NewGen Asset Management
Toronto,
Ontario, Canada
|
+$472K |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$378K |
| 3 |
Pathstone Holdings
Englewood,
New Jersey
|
+$236K |
| 4 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$172K |
| 5 |
PCM
Penserra Capital Management
Orinda,
California
|
+$70.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Philosophy Capital Management
Alamo,
California
|
-$6.96M |
| 2 |
BFM
Boothbay Fund Management
New York
|
-$353K |
| 3 |
GF
Gabelli Funds
Rye,
New York
|
-$331K |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$304K |
| 5 |
AIP
ARS Investment Partners
New York
|
-$224K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Goldman Sachs
New York
| – | -$107K | -10,211 | Closed |
|
|
TWC
52
TD Waterhouse Canada
Toronto,
Ontario, Canada
| – | -$5.79K | -443 | Closed |
|
|
PI
53
PEAK6 Investments
Chicago,
Illinois
| – | -$4.13K | -437 | Closed |
|
54
Simplex Trading
Chicago,
Illinois
| – | -$4.04K | -427 | Closed |
|
TSAT Hedge Fund Activity: Q1 2024 in Review
45 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Telesat (TSAT) for Q1 2024, worth a combined $376M — down 20% from $470M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of TSAT and 6 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 6 added.
The largest buyer was NewGen Asset Management, opening a new position worth an estimated $472K. The largest seller was Philosophy Capital Management, exiting entirely with an estimated $6.96M sold.
- 45 institutional investors held Telesat (TSAT) as of Q1 2024, down from 49 in Q4 2023.
- Funds reported $376M of Telesat stock for Q1 2024, down 20% quarter-over-quarter.
- 6 funds opened new Telesat positions in Q1 2024 and 9 closed out, a net change of -3 holders.
- The largest Telesat buyer in Q1 2024 was NewGen Asset Management, an estimated $472K added.
- The largest Telesat seller in Q1 2024 was Philosophy Capital Management, an estimated $6.96M sold.
Based on aggregated 13F filings for Q1 2024.