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Telesat

49 hedge funds and large institutions have $470M invested in Telesat in 2023 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

389% more call options, than puts

Call options by funds: $1.18M | Put options by funds: $241K

33% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 9

7% more funds holding

Funds holding: 4649 (+3)

3.01% more ownership

Funds ownership: 331.39%334.4% (+3%)

0% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 13

27% less capital invested

Capital invested by funds: $640M → $470M (-$170M)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
49
Holders Change
+3
Holders Change %
+6.52%
% of All Funds
0.71%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
12
Increased
13
Reduced
13
Closed
9
Calls
$1.18M
Puts
$241K
Net Calls
+$937K
Net Calls Change
-$1.32M
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
$191M
MFM
2
MHR Fund Management
New York
$188M
GI
3
GAMCO Investors
Connecticut
$22.1M +$1.22M +108,669 +5%
HCL
4
Heard Capital LLC
Illinois
$18.6M +$222K +19,815 +1%
GF
5
Gabelli Funds
New York
$11.1M -$193K -17,275 -2%
RCMNY
6
Rubric Capital Management (New York)
New York
$10M
PCM
7
Philosophy Capital Management
California
$6.96M +$17.5K +1,566 +0.2%
NAM
8
Nexpoint Asset Management
Texas
$6.16M
SAM
9
Simplify Asset Management
Nevada
$3.03M +$335K +30,000 +12%
PBM
10
Propel Bio Management
California
$3.03M +$3.25M +290,781 New
TC
11
Tejara Capital
United Kingdom
$1.75M +$316K +28,264 +20%
GCIA
12
Gabelli & Co Investment Advisers
New York
$1.06M
GECH
13
Garnet Equity Capital Holdings
New York
$1.06M +$246K +22,000 +28%
AIP
14
ARS Investment Partners
New York
$631K -$10.4K -929 -2%
Connor, Clark & Lunn Investment Management (CC&L)
15
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$544K +$266K +23,766 +84%
Renaissance Technologies
16
Renaissance Technologies
New York
$503K +$272K +24,282 +102%
Millennium Management
17
Millennium Management
New York
$487K +$179 +16 +0%
Bank of America
18
Bank of America
North Carolina
$424K +$15.8K +1,416 +4%
NPT
19
National Philanthropic Trust
Pennsylvania
$417K +$447K +40,000 New
PTP
20
Platform Technology Partners
New York
$416K -$117K -10,462 -20%
Acadian Asset Management
21
Acadian Asset Management
Massachusetts
$410K -$139K -12,443 -24%
BFM
22
Boothbay Fund Management
New York
$353K +$379K +33,890 New
PCM
23
Penserra Capital Management
California
$320K +$344K +30,732 New
Susquehanna International Group
24
Susquehanna International Group
Pennsylvania
$271K +$291K +25,983 New
Two Sigma Investments
25
Two Sigma Investments
New York
$265K -$27.4K -2,452 -9%

TSAT Hedge Fund Activity: Q4 2023 in Review

49 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Telesat (TSAT) for Q4 2023, worth a combined $470M — down 27% from $640M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new TSAT positions and 9 closed out — a net gain of 3 holders — while 13 added to existing stakes and 13 trimmed.

The largest buyer was GAMCO Investors, adding an estimated $1.22M. The largest seller was Hillsdale Investment Management, exiting entirely with an estimated $2.19M sold.

  • 49 institutional investors held Telesat (TSAT) as of Q4 2023, up from 46 in Q3 2023.
  • Funds reported $470M of Telesat stock for Q4 2023, down 27% quarter-over-quarter.
  • 12 funds opened new Telesat positions in Q4 2023 and 9 closed out, a net change of +3 holders.
  • The largest Telesat buyer in Q4 2023 was GAMCO Investors, an estimated $1.22M added.
  • The largest Telesat seller in Q4 2023 was Hillsdale Investment Management, an estimated $2.19M sold.

Based on aggregated 13F filings for Q4 2023.