Telecom Argentina

TEO • NYSE

Telecom Argentina is a publicly traded company on NYSE. As of Q3 2025, 41 institutional investors hold shares in this company, with total holdings valued at $69.0M. OAKTREE CAPITAL MANAGEMENT LP is the largest holder with a position valued at $19.1M.

Employees21.1K

Websiteinstitucional.telecom.com.ar

Overview

Overview of institutional ownership in TEO as of Q3 2025

All Institutions

Institutions: 41
Value Held: $69.0M
Shares Held: 9.5M
Avg Position: $1.7M
Median Position: $278.4K

Hedge Funds

Hedge Funds: 9
Value Held: $24.3M
Shares Held: 3.3M
Avg Position: $2.7M
Median Position: $477.0K

Biggest Investors

Institutions with the largest positions in TEO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
OAKTREE CAPITAL MANAGEMENT LP Hedge Fund•Multi-Strategy	Armen Ryan Panossian CEO	$19.1M 0.40% of portfolio	0.00% 2.6M shares	Q4 2022 Held for 2y 11m	$4.7B
M MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Institution	-	$13.5M 0.02% of portfolio	0.00% 1.9M shares	Q2 2024 Held for 1y 5m	$61.8B
F Fourth Sail Capital LP Institution	-	$11.9M 2.91% of portfolio	0.00% 1.6M shares	Q3 2025 Held for 2 months	$407.6M
R RWC Asset Management LLP Institution	-	$4.9M 0.27% of portfolio	0.00% 669.8K shares	Q4 2023 Held for 1y 11m	$1.8B
Discerene Group LP RIA/Wealth	Scott Allen Hayes President	$3.5M 0.32% of portfolio	0.00% 487.9K shares	Q4 2022 Held for 2y 11m	$1.1B
Banco BTG Pactual S.A. Private Equity	Christian Albrecht Wulf Von Schimmelmann Managing Partner	$2.7M 0.40% of portfolio	0.00% 374.8K shares	Q3 2025 Held for 2 months	$679.5M
UBS Group AG Institution	Sergio P. Ermotti CEO	$1.7M 0.00% of portfolio	0.00% 233.6K shares	Q1 2023 Held for 2y 8m	$511.54B
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$1.5M 0.00% of portfolio	0.00% 204.2K shares	Q3 2023 Held for 2y 2m	$62.0B
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$1.4M 0.00% of portfolio	0.00% 190.8K shares	Q4 2022 Held for 2y 11m	$122.08B
D D. E. Shaw & Co., Inc. Institution	-	$1.2M 0.00% of portfolio	0.00% 168.8K shares	Q4 2022 Held for 2y 11m	$115.81B

Net Capital Flow

Institutional buying and selling activity for TEO in Q3 2025

Traded: +$7.4M
Buyers: 20
Sellers: 21
Total Bought: +$19.6M
Total Sold: −$12.2M
Avg Position: $1.4M

Biggest Buyers

Institution	Net Bought	Current Position
F Fourth Sail Capital LP Institution	+$11.9M +1.6M shares	$11.9M 1.6M shares
Banco BTG Pactual S.A. Private Equity	+$2.7M +374.8K shares	$2.7M 374.8K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$1.1M +155.3K shares	$1.5M 204.2K shares
Monaco Asset Management SAM RIA/Wealth	+$872.4K +120.0K shares	$872.4K 120.0K shares
D D. E. Shaw & Co., Inc. Institution	+$782.8K +107.7K shares	$1.2M 168.8K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$603.4K +83.0K shares	$603.4K 83.0K shares
GOLDMAN SACHS GROUP INC Institution	+$449.3K +61.8K shares	$610.4K 84.0K shares
PING CAPITAL MANAGEMENT, INC. Hedge Fund•Multi-Strategy	+$278.4K +38.3K shares	$278.4K 38.3K shares
UBS Group AG Institution	+$266.4K +36.6K shares	$1.7M 233.6K shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	+$215.0K +29.6K shares	$444.1K 61.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
M MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Institution	−$4.5M −622.0K shares	$13.5M 1.9M shares
DISCOVERY CAPITAL MANAGEMENT, LLC / CT Hedge Fund•Global Macro	−$2.3M −258.5K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$1.9M −267.9K shares	$1.2M 161.3K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$762.5K −104.9K shares	$1.4M 190.8K shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$608.2K −83.7K shares	$479.9K 66.0K shares
J JANE STREET GROUP, LLC Institution	−$578.3K −65.5K shares	Sold Off 0 shares
Marshall Wace LLP Institution	−$346.2K −39.2K shares	Sold Off 0 shares
J Jump Financial, LLC Institution	−$297.0K −40.9K shares	$193.4K 26.6K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$284.3K −39.1K shares	$477.0K 65.6K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$167.2K −23.0K shares	$350.1K 48.2K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited TEO in Q3 2025

New Positions: 11
New Value: $16.5M
Exited Positions: 8
Exited Value: $3.3M

New Positions

Institution	Position Value
F Fourth Sail Capital LP Institution	$11.9M 1.6M shares
Banco BTG Pactual S.A. Private Equity	$2.7M 374.8K shares
Monaco Asset Management SAM RIA/Wealth	$872.4K 120.0K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$603.4K 83.0K shares
PING CAPITAL MANAGEMENT, INC. Hedge Fund•Multi-Strategy	$278.4K 38.3K shares
G GTS SECURITIES LLC Institution	$75.7K 10.4K shares
BARCLAYS PLC Institution	$32.7K 4.5K shares
Hanson McClain, Inc. RIA/Wealth	$342.0 47.0 shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	- - shares
VAN ECK ASSOCIATES CORP ETF Provider	- 5.9K shares

Exited Positions

Institution	Previous Position
DISCOVERY CAPITAL MANAGEMENT, LLC / CT Hedge Fund•Global Macro	$2.3M 258.5K shares
J JANE STREET GROUP, LLC Institution	$578.3K 65.5K shares
Marshall Wace LLP Institution	$346.2K 39.2K shares
JPMORGAN CHASE & CO Institution	$114.5K 13.0K shares
Aquatic Capital Management LLC Hedge Fund•Quant	$5.2K 589.0 shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$4.4K 500.0 shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	- 92.7K shares
R ROYAL BANK OF CANADA Institution	- 185.0 shares

Options Activity

Institutions with the largest Call and Put options positions in TEO as of Q3 2025

Call Positions: 1
Call Value: $88.7K
Put Positions: 2
Put Value: $199.2K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$88.7K 122.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$108.3K 149.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$90.9K 125.0 contracts

Most Committed Institutions

Institutions with TEO as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
F Fourth Sail Capital LP Institution	-	2.91% $11.9M	0.00% 1.6M shares	Q3 2025 Held for 2 months	$407.6M
OAKTREE CAPITAL MANAGEMENT LP Hedge Fund•Multi-Strategy	Armen Ryan Panossian CEO	0.40% $19.1M	0.00% 2.6M shares	Q4 2022 Held for 2y 11m	$4.7B
Banco BTG Pactual S.A. Private Equity	Christian Albrecht Wulf Von Schimmelmann Managing Partner	0.40% $2.7M	0.00% 374.8K shares	Q3 2025 Held for 2 months	$679.5M
Monaco Asset Management SAM RIA/Wealth	Kirstin Lynn Hark Director	0.34% $872.4K	0.00% 120.0K shares	Q3 2025 Held for 2 months	$256.5M
Discerene Group LP RIA/Wealth	Scott Allen Hayes President	0.32% $3.5M	0.00% 487.9K shares	Q4 2022 Held for 2y 11m	$1.1B
R RWC Asset Management LLP Institution	-	0.27% $4.9M	0.00% 669.8K shares	Q4 2023 Held for 1y 11m	$1.8B
PING CAPITAL MANAGEMENT, INC. Hedge Fund•Multi-Strategy	Ping Jiang CEO	0.17% $278.4K	0.00% 38.3K shares	Q3 2025 Held for 2 months	$166.1M
M MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Institution	-	0.02% $13.5M	0.00% 1.9M shares	Q2 2024 Held for 1y 5m	$61.8B
C Cubist Systematic Strategies, LLC Institution	-	0.01% $520.0K	0.00% 71.5K shares	Q1 2023 Held for 2y 8m	$7.1B
G GTS SECURITIES LLC Institution	-	0.00% $75.7K	0.00% 10.4K shares	Q3 2025 Held for 2 months	$2.5B

Hedge Fund Spotlight

Discover hedge funds investing in TEO

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in Telecom Argentina

Market Value: $1.4M
Shares Held: 190.8K
Portfolio Weight: 0.00%
Owned Since: 2022-Q4

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