Telesat Corporation
TSAT • NASDAQ
Telesat Corporation is a communication equipment company in the technology sector on NASDAQ, led by Daniel Goldberg, with a market cap of $474.6M. As of Q3 2025, 294% of shares are held by 64 institutional investors, with MHR FUND MANAGEMENT LLC as the largest holder at 100.0%.
President and Chief Executive OfficerDaniel Goldberg
Overview
Overview of institutional ownership in TSAT as of Q3 2025 with a market cap of $392.1M
All Institutions
- Institutions
- 64
- Value Held
- $1.2B
- Shares Held
- 43.8M
- Avg Position
- $18.0M
- Median Position
- $435.4K
Hedge Funds
- Hedge Funds
- 15
- Value Held
- $76.5M
- Shares Held
- 2.9M
- Avg Position
- $5.1M
- Median Position
- $987.3K
Ownership Breakdown
Based on market cap of $392.1M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in TSAT as of Q3 2025
| Institution | Position Value |
|---|---|
M MHR FUND MANAGEMENT LLC Private Equity | $477.9M 62.79% of portfolio |
P PUBLIC SECTOR PENSION INVESTMENT BOARD Institution | $475.5M 1.75% of portfolio |
G GAMCO INVESTORS, INC. ET AL Institution | $47.4M 0.46% of portfolio |
 Heard Capital LLC Hedge Fund•Long/Short | $39.0M 1.89% of portfolio |
R Rubric Capital Management LP Hedge Fund•Long/Short | $22.4M 0.32% of portfolio |
 GABELLI FUNDS LLC Long Only Manager | $19.0M 0.13% of portfolio |
L LM Asset Inc. Institution | $11.8M 9.19% of portfolio |
P PenderFund Capital Management Ltd. Institution | $10.5M 4.13% of portfolio |
$10.5M 0.94% of portfolio | |
V Vestcor Investment Management Corp Institution | $4.6M 0.14% of portfolio |
Net Capital Flow
Institutional buying and selling activity for TSAT in Q3 2025
- Traded
- +$3.6M
- Buyers
- 29
- Sellers
- 32
- Total Bought
- +$18.8M
- Total Sold
- −$15.2M
- Avg Position
- $16.0M
Biggest Buyers
| Institution | Net Bought |
|---|---|
P PenderFund Capital Management Ltd. Institution | +$7.9M +309.2K shares |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | +$1.4M +52.2K shares |
V Vestcor Investment Management Corp Institution | +$1.3M +50.0K shares |
 Polar Securities Inc. Hedge Fund•Multi-Strategy | +$1.3M +47.7K shares |
 RIMA SENVEST MANAGEMENT, L.L.C. Hedge Fund•Multi-Strategy | +$987.3K +37.3K shares |
K K.J. Harrison & Partners Inc Institution | +$904.2K +32.6K shares |
 Connor, Clark & Lunn Investment Management Ltd. Long Only Manager | +$782.1K +29.5K shares |
 ARISTEIA CAPITAL LLC Hedge Fund•Multi-Strategy | +$708.6K +26.7K shares |
 ACADIAN ASSET MANAGEMENT LLC Long Only Manager | +$483.0K +18.2K shares |
 Diametric Capital, LP Hedge Fund•Long/Short | +$474.9K +17.9K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
−$3.6M −137.7K shares | |
G GAMCO INVESTORS, INC. ET AL Institution | −$1.9M −73.1K shares |
J JANE STREET GROUP, LLC Institution | −$1.3M −49.4K shares |
Heard Capital LLC Hedge Fund•Long/Short | −$1.2M −45.4K shares |
 Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy | −$1.2M −45.3K shares |
 BANK OF AMERICA CORP /DE/ Institution | −$894.5K −33.8K shares |
 Caption Management, LLC Hedge Fund•Long/Short | −$709.4K −26.8K shares |
 Militia Capital Partners, LP Hedge Fund•Long/Short | −$477.0K −18.0K shares |
 GABELLI SECURITIES INC Hedge Fund•Multi-Strategy | −$401.5K −15.2K shares |
L LM Asset Inc. Institution | −$365.8K −14.0K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited TSAT in Q3 2025
- New Positions
- 6
- New Value
- $1.4M
- Exited Positions
- 8
- Exited Value
- $541.5K
New Positions
| Institution | Position Value |
|---|---|
RIMA SENVEST MANAGEMENT, L.L.C. Hedge Fund•Multi-Strategy | $987.3K 37.3K shares |
Q Quarry LP Institution | $212.0K 8.0K shares |
S STIFEL FINANCIAL CORP Long Only Manager | $211.5K 8.0K shares |
C Covestor Ltd Institution | $1.0K 37.0 shares |
A Advisory Services Network, LLC RIA/Wealth | $742.0 28.0 shares |
 Guerra Advisors Inc RIA/Wealth | $530.0 20.0 shares |
Exited Positions
| Institution | Previous Position |
|---|---|
 SCHMEIDLER A R & CO INC RIA/Wealth | $253.4K 10.4K shares |
 IMC-Chicago, LLC RIA/Wealth | $251.9K 10.3K shares |
 RAYMOND JAMES FINANCIAL INC RIA/Wealth | $16.6K 681.0 shares |
 Painted Porch Advisors LLC RIA/Wealth | $12.0K 491.0 shares |
 WHITTIER TRUST CO RIA/Wealth | $4.0K 165.0 shares |
B Beacon Capital Management, LLC RIA/Wealth | $2.3K 95.0 shares |
 BARCLAYS PLC Institution | $1.0K 25.0 shares |
 WELLS FARGO & COMPANY/MN Institution | $243.0 10.0 shares |
Options Activity
Institutions with the largest Call and Put options positions in TSAT as of Q3 2025
- Call Positions
- 6
- Call Value
- $3.0M
- Put Positions
- 4
- Put Value
- $1.6M
Call Positions
| Institution | Position Value |
|---|---|
BARCLAYS PLC Institution | $1.5M 579.0 contracts |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $906.3K 342.0 contracts |
J JANE STREET GROUP, LLC Institution | $267.7K 101.0 contracts |
Caption Management, LLC Hedge Fund•Long/Short | $265.0K 100.0 contracts |
W WOLVERINE TRADING, LLC Institution | - - contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | - - contracts |
Put Positions
| Institution | Position Value |
|---|---|
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $1.1M 398.0 contracts |
Caption Management, LLC Hedge Fund•Long/Short | $530.0K 200.0 contracts |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | - - contracts |
W WOLVERINE TRADING, LLC Institution | - - contracts |
Most Committed Institutions
Institutions with TSAT as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
M MHR FUND MANAGEMENT LLC Private Equity | 62.79% $477.9M |
L LM Asset Inc. Institution | 9.19% $11.8M |
P PenderFund Capital Management Ltd. Institution | 4.13% $10.5M |
Heard Capital LLC Hedge Fund•Long/Short | 1.89% $39.0M |
P PUBLIC SECTOR PENSION INVESTMENT BOARD Institution | 1.75% $475.5M |
0.94% $10.5M | |
 PCJ Investment Counsel Ltd. Long Only Manager | 0.81% $2.9M |
G GAMCO INVESTORS, INC. ET AL Institution | 0.46% $47.4M |
R Rubric Capital Management LP Hedge Fund•Long/Short | 0.32% $22.4M |
GABELLI SECURITIES INC Hedge Fund•Multi-Strategy | 0.28% $1.7M |
Hedge Fund Spotlight
Discover hedge funds investing in TSAT
Polar Securities Inc.
Hedge Fund • Multi-Strategy
Portfolio ManagerRichard Gregory Lemaich
- Portfolio Value
- $3.4B
- Positions
- 452
- Last Reported
- Q3 2025
Sector Allocation
Position in Telesat Corporation
- Market Value
- $2.8M
- Shares Held
- 105.2K
- Portfolio Weight
- 0.08%
- Owned Since
- 2025-Q2
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Unknown Unknown | $282.9M | 8.42% | |
Unknown Unknown | $103.5M | 3.08% | |
Semiconductors Technology | $90.7M | 2.70% |
