Telesat
TSAT
43 hedge funds and large institutions have $384M invested in Telesat in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 14 reducing their positions, and 7 closing their positions.
151.51% more ownership
Funds ownership: 222.17% → 373.68% (+152%)
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: 1 → 2 (+1)
95% more capital invested
Capital invested by funds: $197M → $384M (+$187M)
10% less funds holding
Funds holding: 48 → 43 (-5)
36% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 14
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
+$155M |
| 2 |
HCL
Heard Capital LLC
Chicago,
Illinois
|
+$488K |
| 3 |
GF
Gabelli Funds
Rye,
New York
|
+$304K |
| 4 |
BFM
Boothbay Fund Management
New York
|
+$262K |
| 5 |
AIP
ARS Investment Partners
New York
|
+$102K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$453K |
| 2 |
PCM
Philosophy Capital Management
Alamo,
California
|
-$421K |
| 3 |
Morgan Stanley
New York
|
-$341K |
| 4 |
WIM
Wittenberg Investment Management
Carlisle,
Massachusetts
|
-$143K |
| 5 |
Renaissance Technologies
New York
|
-$133K |
TSAT Hedge Fund Activity: Q1 2023 in Review
43 of the 6,283 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 3 opened new positions — a net loss of 4 holders — while 14 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 Bank of Montreal, exiting entirely with an estimated $453K sold.
- 43 institutional investors held Telesat (TSAT) as of Q1 2023, down from 48 in Q4 2022.
- Funds reported $384M of Telesat stock for Q1 2023, up 95% quarter-over-quarter.
- 3 funds opened new Telesat positions in Q1 2023 and 7 closed out, a net change of -4 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 Bank of Montreal, an estimated $453K sold.
Based on aggregated 13F filings for Q1 2023.