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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
45
Holders Change
-4
Holders Change %
-8.16%
% of All Funds
0.65%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
6
Increased
6
Reduced
15
Closed
9
Calls
$457K
Puts
$123K
Net Calls
+$334K
Net Calls Change
-$603K

Top Buyers

Rank Fund Capital Flow
1
NAM
NewGen Asset Management
Ontario, Canada
+$472K
2
LCM
Landscape Capital Management
New Jersey
+$378K
3
Pathstone Holdings
Pathstone Holdings
New Jersey
+$236K
4
GI
GAMCO Investors
Connecticut
+$172K
5
PCM
Penserra Capital Management
California
+$70.4K

Top Sellers

Rank Fund Capital Flow
1
PCM
Philosophy Capital Management
California
-$6.96M
2
BFM
Boothbay Fund Management
New York
-$353K
3
GF
Gabelli Funds
New York
-$331K
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$304K
5
AIP
ARS Investment Partners
New York
-$224K
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
$155M – – –
MFM
2
MHR Fund Management
New York
$154M – – –
GI
3
GAMCO Investors
Connecticut
$18.2M +$172K +18,251 +0.9%
HCL
4
Heard Capital LLC
Illinois
$15M -$132K -13,974 -0.8%
GF
5
Gabelli Funds
New York
$8.73M -$331K -35,000 -3%
RCMNY
6
Rubric Capital Management (New York)
New York
$8.18M – – –
NAM
7
Nexpoint Asset Management
Texas
$5.08M – – –
PBM
8
Propel Bio Management
California
$2.5M – – –
SAM
9
Simplify Asset Management
Nevada
$2.5M – – –
TC
10
Tejara Capital
United Kingdom
$1.43M – – –
GCIA
11
Gabelli & Co Investment Advisers
New York
$867K – – –
GECH
12
Garnet Equity Capital Holdings
New York
$852K -$12.6K -1,332 -1%
Connor, Clark & Lunn Investment Management (CC&L)
13
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$477K +$36.6K +3,877 +7%
NAM
14
NewGen Asset Management
Ontario, Canada
$426K +$472K +50,000 New
Bank of America
15
Bank of America
North Carolina
$349K +$3.32K +351 +0.9%
NPT
16
National Philanthropic Trust
Pennsylvania
$344K – – –
LCM
17
Landscape Capital Management
New Jersey
$341K +$378K +40,000 New
PCM
18
Penserra Capital Management
California
$325K +$70.4K +7,452 +24%
AIP
19
ARS Investment Partners
New York
$314K -$224K -23,679 -39%
Renaissance Technologies
20
Renaissance Technologies
New York
$268K -$158K -16,682 -35%
Pathstone Holdings
21
Pathstone Holdings
New Jersey
$213K +$236K +25,000 New
Millennium Management
22
Millennium Management
New York
$205K -$216K -22,810 -49%
FDCDDQ
23
Federation des caisses Desjardins du Quebec
Quebec, Canada
$152K – – –
Two Sigma Investments
24
Two Sigma Investments
New York
$120K -$107K -11,344 -45%
PGFC
25
Peapack-Gladstone Financial Corp
New Jersey
$118K – – –
1
2 3

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.