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Telesat

43 hedge funds and large institutions have $384M invested in Telesat in 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 16 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

149.6% more ownership

Funds ownership: 224.08%373.68% (+150%)

140% more call options, than puts

Call options by funds: $113K | Put options by funds: $47K

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

95% more capital invested

Capital invested by funds: $197M → $384M (+$187M)

12% less funds holding

Funds holding: 4943 (-6)

44% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 16

71% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 7

Holders
43
Holders Change
-6
Holders Change %
-12.24%
% of All Funds
0.69%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
2
Increased
9
Reduced
16
Closed
7
Calls
$113K
Puts
$47K
Net Calls
+$66K
Net Calls Change
+$23K
Name Holding Trade Value Shares
Change
Change in
Stake
Public Sector Pension Investment Board (PSP Investments)
1
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$158M +$155M +18,098,362 +16,039%
MFM
2
MHR Fund Management
New York
$155M
HCL
3
Heard Capital LLC
Illinois
$15.3M +$488K +56,886 +3%
GI
4
GAMCO Investors
Connecticut
$13.3M -$61.1K -7,123 -0.5%
RCMNY
5
Rubric Capital Management (New York)
New York
$12.1M
GF
6
Gabelli Funds
New York
$8.65M +$304K +35,400 +4%
PCM
7
Philosophy Capital Management
California
$7.66M -$421K -49,087 -5%
NAM
8
Nexpoint Asset Management
Texas
$5.08M
PFO
9
Pathstone Family Office
New Jersey
$1.38M -$1.38M -160,781 -50%
TC
10
Tejara Capital
United Kingdom
$1.26M
AIP
11
ARS Investment Partners
New York
$1.16M +$102K +11,926 +10%
GECH
12
Garnet Equity Capital Holdings
New York
$682K
FFH
13
Fairfax Financial Holdings
Ontario, Canada
$640K
WIM
14
Wittenberg Investment Management
Massachusetts
$622K -$143K -16,661 -19%
GCIA
15
Gabelli & Co Investment Advisers
New York
$603K -$21.4K -2,500 -3%
PTP
16
Platform Technology Partners
New York
$470K +$90.5K +10,550 +24%
Dimensional Fund Advisors
17
Dimensional Fund Advisors
Texas
$337K -$233K -27,150 -41%
Millennium Management
18
Millennium Management
New York
$324K -$53.7K -6,261 -14%
BFM
19
Boothbay Fund Management
New York
$263K +$262K +30,557 New
Morgan Stanley
20
Morgan Stanley
New York
$211K -$341K -39,753 -62%
Citadel Advisors
21
Citadel Advisors
Florida
$162K -$47.4K -5,523 -23%
FDCDDQ
22
Federation des caisses Desjardins du Quebec
Quebec, Canada
$142K +$34.3K +4,000 +31%
TI
23
Trexquant Investment
Connecticut
$134K -$57.4K -6,698 -30%
PGFC
24
Peapack-Gladstone Financial Corp
New Jersey
$119K
Asset Management One
25
Asset Management One
Japan
$88.8K -$3.11K -363 -3%

TSAT Hedge Fund Activity: Q1 2023 in Review

43 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Telesat (TSAT) for Q1 2023, worth a combined $384M — up 95% from $197M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of TSAT and 2 opened new positions — a net loss of 5 holders — while 16 trimmed existing stakes and 9 added.

The largest buyer was Public Sector Pension Investment Board (PSP Investments), adding an estimated $155M. The largest seller was Pathstone Family Office, cutting an estimated $1.38M.

  • 43 institutional investors held Telesat (TSAT) as of Q1 2023, down from 49 in Q4 2022.
  • Funds reported $384M of Telesat stock for Q1 2023, up 95% quarter-over-quarter.
  • 2 funds opened new Telesat positions in Q1 2023 and 7 closed out, a net change of -5 holders.
  • The largest Telesat buyer in Q1 2023 was Public Sector Pension Investment Board (PSP Investments), an estimated $155M added.
  • The largest Telesat seller in Q1 2023 was Pathstone Family Office, an estimated $1.38M sold.

Based on aggregated 13F filings for Q1 2023.