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Telesat

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: 4446 (+2)

0% more funds holding in top 10

Funds holding in top 10: 22 (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
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
$263M
MFM
2
MHR Fund Management
New York
$258M
GI
3
GAMCO Investors
Connecticut
$28.8M +$2.93M +215,581 +12%
HCL
4
Heard Capital LLC
Illinois
$25.2M -$465K -34,209 -2%
GF
5
Gabelli Funds
New York
$15.4M +$514K +37,855 +4%
RCMNY
6
Rubric Capital Management (New York)
New York
$13.7M -$4.18M -307,301 -24%
PCM
7
Philosophy Capital Management
California
$9.52M -$2.67M -196,765 -23%
NAM
8
Nexpoint Asset Management
Texas
$8.45M
SAM
9
Simplify Asset Management
Nevada
$3.73M +$1.36M +100,000 +62%
HIM
10
Hillsdale Investment Management
Ontario, Canada
$2.19M +$2.08M +152,808 New
TC
11
Tejara Capital
United Kingdom
$2M +$30.6K +2,253 +2%
GCIA
12
Gabelli & Co Investment Advisers
New York
$1.46M
GECH
13
Garnet Equity Capital Holdings
New York
$1.13M
AIP
14
ARS Investment Partners
New York
$879K -$952K -70,074 -53%
FFH
15
Fairfax Financial Holdings
Ontario, Canada
$760K -$299K -22,000 -29%
PTP
16
Platform Technology Partners
New York
$746K -$28.9K -2,125 -4%
Acadian Asset Management
17
Acadian Asset Management
Massachusetts
$738K +$705K +51,903 New
Millennium Management
18
Millennium Management
New York
$667K +$176K +12,973 +39%
Bank of America
19
Bank of America
North Carolina
$561K +$467K +34,404 +709%
D.E. Shaw & Co
20
D.E. Shaw & Co
New York
$473K +$450K +33,100 New
Connor, Clark & Lunn Investment Management (CC&L)
21
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$406K +$386K +28,384 New
Two Sigma Investments
22
Two Sigma Investments
New York
$399K +$379K +27,872 New
Arrowstreet Capital
23
Arrowstreet Capital
Massachusetts
$362K +$342K +25,199 New
Renaissance Technologies
24
Renaissance Technologies
New York
$342K +$179K +13,200 +123%
Goldman Sachs
25
Goldman Sachs
New York
$320K +$304K +22,388 New

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.