TELECOM ARGENTINA SA TEO
SPON ADR REP B · ADR · CUSIP 879273209
Argentine telecommunications company
- SectorCommunication
- IndustryTelephone Communications (No Radiotelephone)
- HeadquartersBuenos Aires, Argentina
- Founded1990
- Websitetelecom.com.ar
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $13.00. Options: 3 managers hold calls ($379.6k notional), 2 hold puts ($74.1k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 31 |
| Q4 2022 | 28 |
| Q1 2023 | 34 |
| Q2 2023 | 36 |
| Q3 2023 | 38 |
| Q4 2023 | 42 |
| Q1 2024 | 33 |
| Q2 2024 | 43 |
| Q3 2024 | 41 |
| Q4 2024 | 39 |
| Q1 2025 | 37 |
| Q2 2025 | 43 |
| Q3 2025 | 44 |
| Q4 2025 | 59 |
| Q1 2026 | 63 |
| Q2 2026 | 68 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 19 | 21 |
| Q4 2024 | 18 | 24 |
| Q1 2025 | 16 | 25 |
| Q2 2025 | 28 | 11 |
| Q3 2025 | 19 | 24 |
| Q4 2025 | 29 | 25 |
| Q1 2026 | 42 | 24 |
| Q2 2026 | 42 | 29 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $88.7k | $273.9k | 3.09 |
| Q4 2025 | $233.4k | $228.7k | 0.98 |
| Q1 2026 | $5.8k | $171.8k | 29.40 |
| Q2 2026 | $379.6k | $74.1k | 0.20 |
Biggest buyers
| SPX Gestao de Recursos Ltda | Added | +1.6m |
| Capital Wealth Planning, LLC | New | +947.5k |
| Fundamenta Capital S.A. | New | +697.9k |
| Itau Unibanco Holding S.A. | New | +290.4k |
| JPMORGAN CHASE & CO | Added | +258.8k |
| ABS Direct Equity Fund LLC | New | +233.3k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +215.5k |
| D. E. Shaw & Co., Inc. | Added | +205.0k |
| JANE STREET GROUP, LLC | Added | +199.6k |
| BANK OF AMERICA CORP /DE/ | Added | +148.7k |
Biggest sellers
| Fourth Sail Capital LP | Sold out | -2.5m |
| OAKTREE CAPITAL MANAGEMENT LP | Reduced | -1.5m |
| Sagil Capital LLP | Sold out | -1.2m |
| CenterBook Partners LP | Reduced | -273.2k |
| CITADEL ADVISORS LLC | Reduced | -225.0k |
| UBS Group AG | Reduced | -147.1k |
| WEXFORD CAPITAL LP | Reduced | -133.1k |
| GOLDMAN SACHS GROUP INC | Reduced | -46.5k |
| Monaco Asset Management SAM | Sold out | -36.1k |
| SEVEN GRAND MANAGERS, LLC | Sold out | -35.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $188.5k14.5k shares |
| GROUP ONE TRADING LLC | New | $159.9k12.3k shares |
| SIMPLEX TRADING, LLC | Added | $31.2k2.4k shares |
Biggest puts
| GROUP ONE TRADING LLC | Reduced | $39.0k3.0k shares |
| SIMPLEX TRADING, LLC | Added | $35.1k2.7k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 1 | $522.3k | 0 | — | — |
| Q3 2026 | 0 | — | 1 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-20 | Gonzalez Baruki Luis Alberto Director · Class B Shares | Sold | —188.5k shares |
| 2026-06-02 | Urricelqui Alejandro Alberto Director · Class B Shares | Bought | $522.3k38.9k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| SPX Gestao de Recursos Ltda 3.36% of their portfolio | 2.3m $30.2m | Added +1.6m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio | 2.0m $26.5m | Added +126.0k |
| RWC Asset Management LLP 0.63% of their portfolio | 1.3m $16.7m | Added +308 |
| MORGAN STANLEY 0.00% of their portfolio | 996.3k $13.0m | Added +72.4k |
| Capital Wealth Planning, LLC 0.06% of their portfolio | 947.5k $12.3m | New |
| Fundamenta Capital S.A. 5.26% of their portfolio | 697.9k $9.1m | New |
| WEXFORD CAPITAL LP 1.19% of their portfolio | 665.1k $8.6m | Reduced -133.1k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 484.5k $6.3m | Added +205.0k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 453.3k $5.9m | Added +14.3k |
| Discerene Group LP 0.61% of their portfolio | 414.2k $5.4m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 372.7k $4.8m | Added +258.8k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 302.2k $3.9m | Added +121.5k |
| Itau Unibanco Holding S.A. 0.07% of their portfolio | 290.4k $3.8m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 251.5k $3.3m | Added +199.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 249.3k $3.2m | Added +215.5k |
| ABS Investment Management LLC 1.97% of their portfolio | 233.3k $3.0m | First filing |
| ABS Direct Equity Fund LLC 1.92% of their portfolio | 233.3k $3.0m | New |
| UBS Group AG 0.00% of their portfolio | 225.4k $2.9m | Reduced -147.1k |
| Absolute Gestao de Investimentos Ltda. 0.80% of their portfolio | 222.9k $2.9m | Added +136.1k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 199.6k $2.6m | Added +35.2k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 192.1k $2.5m | Added +144.1k |
| MIRABELLA FINANCIAL SERVICES LLP 0.24% of their portfolio | 189.5k $2.5m | Added +136.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 160.4k $2.1m | Added +148.7k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 147.3k $1.9m | Added +136.7k |
| OAKTREE CAPITAL MANAGEMENT LP 0.03% of their portfolio | 116.1k $1.5m | Reduced -1.5m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 114.3k $1.5m | Reduced -46.5k |
| Y-Intercept (Hong Kong) Ltd 0.03% of their portfolio | 101.4k $1.3m | Added +80.1k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 96.7k $1.3m | Reduced -225.0k |
| Engineers Gate Manager LP 0.01% of their portfolio | 86.9k $1.1m | Added +44.6k |
| Voleon Capital Management LP 0.02% of their portfolio | 72.5k $942.3k | New |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 70.6k $918.4k | Reduced -6.8k |
| Jump Financial, LLC 0.01% of their portfolio | 69.9k $908.3k | Added +50.5k |
| Walleye Capital LLC 0.00% of their portfolio | 61.1k $794.0k | New |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 59.8k $777.0k | New |
| XTX Topco Ltd 0.01% of their portfolio | 58.4k $758.7k | Added +35.8k |
| Verde Servicos Internacionais S.A. 0.24% of their portfolio | 51.0k $663.0k | Reduced -9.0k |
| CenterBook Partners LP 0.03% of their portfolio | 41.6k $541.4k | Reduced -273.2k |
| Centiva Capital, LP 0.01% of their portfolio | 33.8k $439.4k | New |
| GABELLI FUNDS LLC 0.00% of their portfolio | 31.0k $403.0k | Unchanged |
| Aquatic Capital Management LLC 0.01% of their portfolio | 27.2k $353.1k | Added +11.1k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 24.4k $317.4k | Unchanged |
| Jain Global LLC 0.00% of their portfolio | 23.7k $308.1k | New |
| PING CAPITAL MANAGEMENT, INC. 0.09% of their portfolio | 20.7k $269.1k | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 19.8k $257.8k | Added +12 |
| Mariner, LLC 0.00% of their portfolio | 18.3k $238.4k | Reduced -603 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 16.2k $210.5k | Reduced -93 |
| BARCLAYS PLC 0.00% of their portfolio | 15.0k $194.9k | New |
| Independent Wealth Network Inc. 0.05% of their portfolio | 14.9k $193.8k | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 10.8k $139.1k | Reduced -2.5k |
| Virtu Financial LLC 0.00% of their portfolio | 10.5k $137.0k | Added +356 |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 10.0k $130.0k | New |
| CITIGROUP INC 0.00% of their portfolio | 8.0k $103.6k | Reduced -7.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 7.7k $100.0k | New |
| XP Advisory US, Inc. 0.04% of their portfolio | 6.3k $81.9k | First filing |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 6.3k $81.6k | Added +5.9k |
| GAMMA Investing LLC 0.00% of their portfolio | 2.3k $29.6k | Reduced -49 |
| HHM Wealth Advisors, LLC 0.00% of their portfolio | 1.6k $20.2k | New |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 690 $9.0k | Reduced -962 |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 308 $4.0k | New |
| ASSETMARK, INC 0.00% of their portfolio | 70 $915 | Unchanged |
| Stone House Investment Management, LLC 0.00% of their portfolio | 63 $819 | Added +62 |
| Smartleaf Asset Management LLC 0.00% of their portfolio | 56 $721 | Unchanged |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 36 $468 | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 11 $149 | Reduced -57 |
| Arax Advisory Partners 0.00% of their portfolio | 8 $104 | New |
| Financial Gravity Companies, Inc. 0.00% of their portfolio | 3 $39 | First filing |
| Activest Wealth Management 0.00% of their portfolio | 1 $7 | Unchanged |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 1 $13 | New |