Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

TELESAT CORP (TSAT)

65 + Investors. Track Smart Money conviction in TSAT. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
49%

Smart Money Signals — TSAT

Based on 64 hedge funds · latest filing: 2025 Q4 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
64 hedge funds hold TSAT right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +39% more funds vs a year ago

fund count last 6Q
+18 new funds entered over the past year (+39% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟠

More sellers than buyers — 49% buying

30 buying31 selling
Last quarter: 31 funds reduced or exited vs 30 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~10 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 13 → 11 → 14 → 10. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 31% medium ■ 22% new
30 out of 64 hedge funds have held TSAT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~10 new funds/quarter

13 → 13 → 11 → 14 → 10 new funds/Q
New funds entering each quarter: 13 → 11 → 14 → 10. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 62% of holders stayed 2+ years

■ 62% veterans ■ 9% 1-2yr ■ 29% new
Of 66 current holders: 41 (62%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
📋

Smaller funds dominant — 1% AUM from top-100

1% from top-100 AUM funds
14 of 64 holders rank in the top 100 by AUM, but together hold only 1% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — TSAT

In 2025 Q4, 30 hedge funds were net buyers of TSAT (10 opened a new position, 20 added to an existing one), while 31 reduced or exited (21 trimmed, 10 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 64.

Hedge Fund Ownership: TSAT

How many hedge funds hold TSAT — quarterly history vs. share price
Quarterly hedge fund ownership of TSAT vs. share price

Market Analysis: TSAT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TSAT

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 1 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
2.1
/ 10
conviction
Hedge Fund Positioning: TSAT
2026 Q1 Stats Unlock in 3 days 65 + Investors

Track Smart Money conviction in TSAT. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 65 68 -4.41%
13F Shares 44M 44M -0.86%
Total Value $1.27B $1.16B 9.91%
New Positions 10 14 -4
Increased Positions 21 23 -2
Closed Positions 12 7 +5
Reduced Positions 23 31 -8
Total Calls 1 4 -75.0%
Total Puts 1 2 -50.0%
PUT/CALL Ratio 1.0 0.5 Neutral

Statistics: TSAT

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

65 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in TSAT. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of TSAT — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 MHR FUND MANAGEMENT LLC 47.72% 18,035,092 $652.9M
2 LM Asset Management Inc. 7.18% 382,650 $13.8M
3 PenderFund Capital Management Ltd. 2.06% 371,153 $13.1M
4 PUBLIC SECTOR PENSION INVESTMENT BOARD 2.05% 18,211,203 $659.2M
5 AYAL Capital Advisors Ltd 1.45% 148,000 $5.4M
6 Heard Capital LLC 1.14% 610,570 $22.1M
7 NEXPOINT ASSET MANAGEMENT, L.P. 0.96% 396,623 $14.4M
8 GAMCO INVESTORS, INC. ET AL 0.63% 1,769,149 $64.0M
9 Pembroke Management, LTD 0.49% 92,829 $3.4M
10 K.J. Harrison & Partners Inc 0.41% 70,000 $2.5M
11 Rubric Capital Management LP 0.32% 843,781 $30.5M
12 GABELLI & Co INVESTMENT ADVISERS, INC. 0.29% 53,311 $1.9M
13 Vestcor Inc 0.25% 250,000 $9K
14 GABELLI FUNDS LLC 0.17% 714,129 $25.9M
15 Senvest Management, LLC 0.17% 137,668 $5.0M
16 Militia Capital Management LLC 0.13% 15,475 $560K
17 INTACT INVESTMENT MANAGEMENT INC. 0.08% 73,700 $2.7M
18 Platform Technology Partners 0.06% 8,551 $310K
19 Dynamic Technology Lab Private Ltd 0.06% 9,608 $348K
20 AXQ CAPITAL, LP 0.04% 9,217 $334K
21 Van Berkom & Associates Inc. 0.03% 27,492 —
22 Penserra Capital Management LLC 0.03% 73,650 $3K
23 PDT Partners, LLC 0.02% 10,613 $384K
24 MANGROVE PARTNERS IM, LLC 0.02% 7,743 $280K
25 Jump Financial, LLC 0.02% 45,196 $1.6M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — TELESAT CORP (TSAT)

What does the Smart Money Trend signal show for TSAT?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for TSAT?

More sellers than buyers — 49% buying: Last quarter: 31 funds reduced or exited vs 30 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for TSAT holders?

Smaller funds dominant — 1% AUM from top-100: 14 of 64 holders rank in the top 100 by AUM, but together hold only 1% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held TSAT?

47% of holders stayed for 2+ years: 30 out of 64 hedge funds have held TSAT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.