TELESAT CORP TSAT
CL A & CL B SHS · Common Stock · CUSIP 879512309 · ISIN CA8795123097
- SectorCommunication
- IndustryCommunications Services, NEC
- 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 ≈ $9.43. Options: 4 managers hold calls ($112.2k notional), 3 hold puts ($47.0k).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 55 |
| Q4 2022 | 50 |
| Q1 2023 | 44 |
| Q2 2023 | 45 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 13 | 30 |
| Q1 2023 | 11 | 23 |
| Q2 2023 | 11 | 18 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $170.0k | $0 | 0.00 |
| Q4 2022 | $93.2k | $49.5k | 0.53 |
| Q1 2023 | $113.1k | $47.4k | 0.42 |
| Q2 2023 | $112.2k | $47.0k | 0.42 |
Biggest buyers
| GAMCO INVESTORS, INC. ET AL | Added | +249.3k |
| Simplify Asset Management Inc. | New | +160.8k |
| GABELLI FUNDS LLC | Added | +33.3k |
| GABELLI & Co INVESTMENT ADVISERS, INC. | Added | +31.7k |
| Cubist Systematic Strategies, LLC | New | +17.9k |
| RENAISSANCE TECHNOLOGIES LLC | New | +10.7k |
| Heard Capital LLC | Added | +9.7k |
| BANK OF AMERICA CORP /DE/ | Added | +2.4k |
| NATIONAL BANK OF CANADA /FI/ | Added | +1.0k |
| JPMORGAN CHASE & CO | Added | +224 |
Biggest sellers
| PATHSTONE FAMILY OFFICE, LLC | Sold out | -160.8k |
| Rubric Capital Management LP | Reduced | -142.9k |
| Philosophy Capital Management LLC | Reduced | -28.1k |
| WITTENBERG INVESTMENT MANAGEMENT, INC. | Reduced | -20.8k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -20.2k |
| MORGAN STANLEY | Reduced | -18.0k |
| Tejara Capital Ltd | Reduced | -8.6k |
| Trexquant Investment LP | Reduced | -5.1k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -3.9k |
| ARS Investment Partners, LLC | Reduced | -3.5k |
Biggest calls
| GROUP ONE TRADING LLC | Unchanged | $75.4k8.0k shares |
| CITADEL ADVISORS LLC | Reduced | $35.8k3.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.0k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SIMPLEX TRADING, LLC | Added | $30.0k3.2k shares |
| CITADEL ADVISORS LLC | Reduced | $17.0k1.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
MHR FUND MANAGEMENT LLC
13D · may seek influence
filed 2026-07-09
Stated purposeItem 4 is hereby amended and restated as follows. All of the Class B Shares reported on this Schedule 13D were acquired for investment purposes. The Reporting Persons intend to review their holdings in the Issuer on a continuing basis and as part of this ongoing review evaluate various alternatives that are or may become available with respect to the Issuer and its securities. Except as otherwise set forth in this Schedule 13D, neither the Reporting Persons nor, to the best of their knowledge, any of the other persons identified in response to Item 2 hereof, has any plans or proposals that relate to or would result in the occurrence of any of the transactions described in subparagraphs (b) through (j) of Item 4 of Schedule 13D. (a) The Reporting Persons may from time to time and at any t… Full filing |
35.5% |
GAMCO INVESTORS, INC. ET AL
13D · may seek influence
-0.7 pts · filed 2026-04-02
Stated purposeThe Reporting Persons file the long form Schedule 13D pursuant to Section 13d-1 of the Securities Exchange Act of 1934 (the "Act") even though they may be technically eligible to file the short form Schedule G. Because the Reporting Persons may regularly communicate with the Issuer's management, filing the Schedule 13D ensures that these conversations are compliant with the reporting obligations under the Exchange Act. Full filing |
11.6% |
| Greywolf Capital Management LP 13G · passive investor filed 2025-02-12 | 6.2% |
Fell to 5% or below in the last year: Rubric Capital Management LP (0.0%, 2026-08-14), Heard Capital LLC (4.2%, 2026-05-15)
Insider purchases and sales in Q2 2023
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.
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| Public Sector Pension Investment Board 1.23% of their portfolio | 18.2m $172.0m | Unchanged |
| MHR FUND MANAGEMENT LLC 23.89% of their portfolio | 18.0m $169.9m | Unchanged |
| GAMCO INVESTORS, INC. ET AL 0.18% of their portfolio | 1.8m $16.9m | Added +249.3k |
| Heard Capital LLC 1.30% of their portfolio | 1.8m $16.9m | Added +9.7k |
| Rubric Capital Management LP 0.51% of their portfolio | 1.3m $11.9m | Reduced -142.9k |
| GABELLI FUNDS LLC 0.07% of their portfolio | 1.0m $9.8m | Added +33.3k |
| Philosophy Capital Management LLC 1.81% of their portfolio | 862.5k $8.1m | Reduced -28.1k |
| NEXPOINT ASSET MANAGEMENT, L.P. 0.84% of their portfolio | 590.9k $5.6m | Unchanged |
| Simplify Asset Management Inc. 0.27% of their portfolio | 160.8k $1.5m | New |
| Tejara Capital Ltd 0.64% of their portfolio | 137.7k $1.3m | Reduced -8.6k |
| ARS Investment Partners, LLC 0.14% of their portfolio | 131.5k $1.2m | Reduced -3.5k |
| GABELLI & Co INVESTMENT ADVISERS, INC. 0.16% of their portfolio | 101.8k $959.1k | Added +31.7k |
| GARNET EQUITY CAPITAL HOLDINGS, INC. 0.80% of their portfolio | 79.3k $747.1k | Unchanged |
| FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 0.04% of their portfolio | 76.0k $717.4k | Unchanged |
| Platform Technology Partners 0.25% of their portfolio | 54.3k $529.0k | Reduced -375 |
| WITTENBERG INVESTMENT MANAGEMENT, INC. 0.18% of their portfolio | 51.5k $485.0k | Reduced -20.8k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 33.7k $317.3k | Reduced -3.9k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio | 30.6k $287.8k | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 19.0k $179.3k | Reduced -20.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 18.0k $169.9k | Reduced -772 |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 17.9k $168.7k | New |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 16.7k $157.8k | Unchanged |
| PEAPACK GLADSTONE FINANCIAL CORP 0.00% of their portfolio | 13.9k $131.0k | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 10.7k $101.0k | New |
| Trexquant Investment LP 0.00% of their portfolio | 10.5k $99.0k | Reduced -5.1k |
| Asset Management One Co., Ltd. 0.00% of their portfolio | 10.3k $97.3k | Unchanged |
| Stokes Family Office, LLC 0.01% of their portfolio | 10.0k $94.2k | Unchanged |
| Ancora Advisors LLC 0.00% of their portfolio | 9.7k $91.7k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 6.6k $62.3k | Reduced -18.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 4.8k $45.7k | Added +2.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.2k $11.5k | Added +224 |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 1.1k $10.4k | Added +1.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 847 $8.0k | Reduced -10 |
| UBS Group AG 0.00% of their portfolio | 505 $4.8k | Reduced -846 |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 288 $2.0k | Reduced -106 |
| WHITTIER TRUST CO 0.00% of their portfolio | 165 $1.6k | Unchanged |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 159 $1.5k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 150 $1.4k | Unchanged |
| TORONTO DOMINION BANK 0.00% of their portfolio | 122 $2.0k | Added +84 |
| Beacon Capital Management, LLC 0.00% of their portfolio | 100 $942 | Unchanged |
| Glass Jacobson Investment Advisors llc 0.00% of their portfolio | 100 $942 | First filing |
| BARCLAYS PLC 0.00% of their portfolio | 80 $754 | Unchanged |
| Leonteq Securities AG 0.00% of their portfolio | 77 $725 | Reduced -662 |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 9 $85 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |