Telesat
TSAT
103 hedge funds and large institutions have $2.17B invested in Telesat in 2026 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 22 increasing their positions, 25 reducing their positions, and 11 closing their positions.
255% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 11
37% more capital invested
Capital invested by funds: $1.58B → $2.17B (+$591M)
37% more funds holding
Funds holding: 75 → 103 (+28)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
17% more call options, than puts
Call options by funds: $6.45M | Put options by funds: $5.52M
7.47% less ownership
Funds ownership: 290.91% → 283.44% (-7.5%)
12% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$19M |
| 2 |
RCMU
Rokos Capital Management (UK)
London,
United Kingdom
|
+$6.66M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$5.75M |
| 4 |
GCC
Guardian Capital (Canada)
Toronto,
Ontario, Canada
|
+$5.17M |
| 5 |
Morgan Stanley
New York
|
+$4.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCMNY
Rubric Capital Management (New York)
New York
|
-$30.5M |
| 2 |
HCL
Heard Capital LLC
Chicago,
Illinois
|
-$29.3M |
| 3 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
-$7.06M |
| 4 |
LAII
LM Asset (IM) Inc
Vancouver,
British Columbia, Canada
|
-$5.62M |
| 5 |
VI
Vestcor Inc
Fredericton,
New Brunswick, Canada
|
-$3.63M |
TSAT Hedge Fund Activity: Q2 2026 in Review
103 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Telesat (TSAT) for Q2 2026, worth a combined $2.17B — up 37% from $1.58B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new TSAT positions and 11 closed out — a net gain of 28 holders — while 22 added to existing stakes and 25 trimmed.
The largest buyer was Millennium Management, adding an estimated $19M. The largest seller was Rubric Capital Management (New York), exiting entirely with an estimated $30.5M sold.
- 103 institutional investors held Telesat (TSAT) as of Q2 2026, up from 75 in Q1 2026.
- Funds reported $2.17B of Telesat stock for Q2 2026, up 37% quarter-over-quarter.
- 39 funds opened new Telesat positions in Q2 2026 and 11 closed out, a net change of +28 holders.
- The largest Telesat buyer in Q2 2026 was Millennium Management, an estimated $19M added.
- The largest Telesat seller in Q2 2026 was Rubric Capital Management (New York), an estimated $30.5M sold.
Based on aggregated 13F filings for Q2 2026.