Vault-13

MILLICOM INTL CELLULAR S A TIGO

COM STK · Common Stock · CUSIP L6388F110

218 institutional holders +46 vs Q1 2025
64,983,09365.0m shares reported held*
$2.4bnreported value*
67 new 73 added 52 reduced 22 sold out net bought ≈ $255.9m (+7.1m shares)

* 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 ($4.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $37.31. Options: 2 managers hold calls ($465.5k notional), 4 hold puts ($595.7k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 52Q4 22: 59Q1 23: 63Q2 23: 62Q3 23: 61Q4 23: 64Q1 24: 75Q2 24: 96Q3 24: 97Q4 24: 98Q1 25: 172Q2 25: 218218Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202252
Q4 202259
Q1 202363
Q2 202362
Q3 202361
Q4 202364
Q1 202475
Q2 202496
Q3 202497
Q4 202498
Q1 2025172
Q2 2025218

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q3 23: 29 bought or addedQ3 23: 33 cut or sold outQ4 23: 28 bought or addedQ4 23: 35 cut or sold outQ4 23Q1 24: 43 bought or addedQ1 24: 24 cut or sold outQ2 24: 57 bought or addedQ2 24: 30 cut or sold outQ2 24Q3 24: 43 bought or addedQ3 24: 49 cut or sold outQ4 24: 42 bought or addedQ4 24: 48 cut or sold outQ4 24Q1 25: 140 bought or addedQ1 25: 22 cut or sold outQ2 25: 140 bought or addedQ2 25: 74 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232933
Q4 20232835
Q1 20244324
Q2 20245730
Q3 20244349
Q4 20244248
Q1 202514022
Q2 202514074

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$200k$400k$600kQ3 24 calls: $35.3kQ3 24 puts: $67.8kQ3 24P/C 1.92Q4 24 calls: $110.0kQ4 24 puts: $72.5kQ4 24P/C 0.66Q1 25 calls: $93.8kQ1 25 puts: $272.4kQ1 25P/C 2.90Q2 25 calls: $465.5kQ2 25 puts: $595.7kQ2 25P/C 1.28
Numbers
QuarterCallsPutsP/C
Q3 2024$35.3k$67.8k1.92
Q4 2024$110.0k$72.5k0.66
Q1 2025$93.8k$272.4k2.90
Q2 2025$465.5k$595.7k1.28

Biggest buyers

BlackRock, Inc. Added +2,498,582+2.5m
STATE STREET CORP Added +1,026,063+1.0m
MORGAN STANLEY Added +820,624+820.6k
Qube Research & Technologies Ltd Added +748,750+748.8k
RENAISSANCE TECHNOLOGIES LLC Added +664,434+664.4k
Boston Partners Added +535,399+535.4k
GEODE CAPITAL MANAGEMENT, LLC Added +533,797+533.8k
MACKENZIE FINANCIAL CORP New +524,229+524.2k
Nuveen, LLC Added +366,056+366.1k
HENNESSY ADVISORS INC New +299,900+299.9k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -1,366,695-1.4m
SOUTHEASTERN ASSET MANAGEMENT INC/TN/ Reduced -980,339-980.3k
BARCLAYS PLC Reduced -519,692-519.7k
TWO SIGMA ADVISERS, LP Reduced -421,100-421.1k
MILLENNIUM MANAGEMENT LLC Reduced -412,405-412.4k
Fourth Sail Capital LP Sold out -228,692-228.7k
CITADEL ADVISORS LLC Reduced -210,798-210.8k
LSV ASSET MANAGEMENT Reduced -160,791-160.8k
Park West Asset Management LLC Reduced -133,500-133.5k
LB Partners LLC Reduced -118,923-118.9k

Biggest calls

WOLVERINE TRADING, LLC New $454.2k12.5k shares
Delos Wealth Advisors, LLC New $11.2k300 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $273.5k7.3k shares
WOLVERINE TRADING, LLC New $236.2k6.5k shares
SIMPLEX TRADING, LLC New $86.0k2.3k 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.

HolderStakeChangeShares Last filed
Atlas Investissement SAS 13D · may seek influence no change · filed 2026-09-24
Stated purposeItem 4 of the Schedule 13D is hereby amended and supplemented by adding the following: The information set forth in Item 3 of this Amendment No. 30 is incorporated herein by reference. In addition, Atlas Investissement intends (subject to certain conditions, including obtaining relevant regulatory approvals, as may be required and in accordance with the documentation pertaining to the Equity Financing Transactions) to purchase additional Common Shares up to a beneficial ownership of 50.5% of the outstanding Common Shares of the Issuer at the time of such acquisition. The actual timing and amount of such purchases will depend on the prevailing market conditions at the time of such purchases. Separately from the above, Atlas Investissement settled the three European-style call spread opti… Full filing
49.5% no change 83.0m≈ $7.5bn 2026-09-24

Insider purchases and sales in Q2 2025

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 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Dodge & Cox 0.19% of their portfolio San Francisco, CA 8,836,1328.8m $331.1m $331.1m 0.19% Added +134.4k +134,400
2 BRANDES INVESTMENT PARTNERS, LP 2.24% of their portfolio LA JOLLA, CA 6,624,7186.6m $248.2m $248.2m 2.24% Added +161.9k +161,861
3 PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio BALTIMORE, MD 5,827,9125.8m $218.4m $218.4m 0.02% Added +249.0k +249,018
4 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,955,3395.0m $185.7m $185.7m 0.00% Added +2.5m +2,498,582
5 Boston Partners 0.12% of their portfolio BOSTON, MA 2,956,4763.0m $110.8m $110.8m 0.12% Added +535.4k +535,399
6 BARCLAYS PLC 0.04% of their portfolio LONDON, X0 2,848,0212.8m $106.7m $106.7m 0.04% Reduced -519.7k -519,692
7 Swedbank AB 0.11% of their portfolio STOCKHOLM, V7 2,540,1582.5m $95.2m $95.2m 0.11% First filing
8 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio BOSTON, MA 2,169,9512.2m $81.3m $81.3m 0.06% Reduced -78.5k -78,466
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,820,0701.8m $68.2m $68.2m 0.00% Added +1.0m +1,026,063
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,439,1141.4m $53.9m $53.9m 0.00% Added +258.6k +258,635
11 Park West Asset Management LLC 3.94% of their portfolio SAN FRANCISCO, CA 1,377,4771.4m $51.6m $51.6m 3.94% Reduced -133.5k -133,500
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,241,2631.2m $46.5m $46.5m 0.00% Added +820.6k +820,624
13 Qube Research & Technologies Ltd 0.06% of their portfolio LONDON, X0 1,119,9911.1m $42.0m $42.0m 0.06% Added +748.8k +748,750
14 MANGROVE PARTNERS IM, LLC 4.34% of their portfolio Greenwich, CT 1,079,2491.1m $40.4m $40.4m 4.34% Unchanged
15 SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 1.96% of their portfolio MEMPHIS, TN 1,037,6341.0m $38.9m $38.9m 1.96% Reduced -980.3k -980,339
16 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 869,184869.2k $32.6m $32.6m 0.01% Added +195.7k +195,737
17 RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio NEW YORK, NY 810,634810.6k $30.4m $30.4m 0.04% Added +664.4k +664,434
18 Triodos Investment Management BV 2.27% of their portfolio DRIEBERGEN-RIJSENBURG, P7 808,000808.0k $30.2m $30.2m 2.27% Reduced -78.5k -78,500
19 GAMCO INVESTORS, INC. ET AL 0.29% of their portfolio GREENWICH, CT 783,230783.2k $29.3m $29.3m 0.29% Reduced -59.7k -59,731
20 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 767,464767.5k $28.8m $28.8m 0.00% Added +533.8k +533,797
21 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 741,671741.7k $27.8m $27.8m 0.02% Reduced -18.1k -18,115
22 Itau Unibanco Holding S.A. 0.53% of their portfolio SAO PAULO, D5 703,267703.3k $13.9m $13.9m 0.53% Added +242.6k +242,569
23 FIRST TRUST ADVISORS LP 0.02% of their portfolio Wheaton, IL 621,692621.7k $23.3m $23.3m 0.02% Added +114.5k +114,545
24 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 556,928556.9k $20.9m $20.9m 0.00% Added +235.2k +235,169
25 MACKENZIE FINANCIAL CORP 0.03% of their portfolio TORONTO ONTARIO, A6 524,229524.2k $19.6m $19.6m 0.03% New
26 Hosking Partners LLP 0.77% of their portfolio LONDON, X0 518,521518.5k $19.4m $19.4m 0.77% Reduced -12.7k -12,687
27 GABELLI FUNDS LLC 0.12% of their portfolio Rye, NY 464,700464.7k $17.4m $17.4m 0.12% Reduced -23.7k -23,700
28 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 455,954456.0k $17.1m $17.1m 0.00% Added +366.1k +366,056
29 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 453,265453.3k $17.0m $17.0m 0.00% Added +172.3k +172,320
30 LB Partners LLC 9.62% of their portfolio CHARLOTTESVILLE, VA 402,000402.0k $15.1m $15.1m 9.62% Reduced -118.9k -118,923
31 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 382,956383.0k $14.3m $14.3m 0.01% Reduced -412.4k -412,405
32 LONE PEAK GLOBAL INVESTORS LLC 2.56% of their portfolio ALPINE, UT 357,985358.0k $13.4m $13.4m 2.56% Reduced -110.3k -110,330
33 Western Standard LLC 6.55% of their portfolio Los Angeles, CA 313,943313.9k $11.8m $11.8m 6.55% Added +88.5k +88,529
34 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 307,044307.0k $11.5m $11.5m 0.00% Reduced -1.4m -1,366,695
35 HENNESSY ADVISORS INC 0.37% of their portfolio NOVATO, CA 299,900299.9k $11.2m $11.2m 0.37% New
36 RENAISSANCE GROUP LLC 0.43% of their portfolio Covington, KY 292,080292.1k $10.9m $10.9m 0.43% Reduced -21.3k -21,251
37 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio Paris, I0 288,302288.3k $10.8m $10.8m 0.03% New
38 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 234,259234.3k $8.8m $8.8m 0.00% Added +196.9k +196,936
39 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 225,441225.4k $8.4m $8.4m 0.00% Added +7.2k +7,205
40 NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio STOCKHOLM, V7 223,326223.3k $8.3m $8.3m 0.01% Reduced -112.4k -112,440
41 Bridgewater Associates, LP 0.03% of their portfolio Westport, CT 218,800218.8k $8.2m $8.2m 0.03% Added +192.4k +192,397
42 MOON CAPITAL MANAGEMENT LP 6.15% of their portfolio NEW YORK, NY 215,923215.9k $8.1m $8.1m 6.15% Unchanged
43 Swiss National Bank 0.00% of their portfolio ZURICH, V8 198,422198.4k $7.4m $7.4m 0.00% Reduced -2.8k -2,800
44 JUPITER ASSET MANAGEMENT LTD 0.06% of their portfolio London, X0 187,352187.4k $7.0m $7.0m 0.06% Reduced -48.0k -48,023
45 PDT Partners, LLC 0.38% of their portfolio New York, NY 180,309180.3k $6.8m $6.8m 0.38% Added +79.8k +79,807
46 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 179,033179.0k $6.7m $6.7m 0.00% Added +89.2k +89,205
47 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 168,791168.8k $6.3m $6.3m 0.00% Added +157.9k +157,855
48 Legal & General Group Plc 0.00% of their portfolio London, X0 155,412155.4k $5.8m $5.8m 0.00% Reduced -3.6k -3,646
49 Skandinaviska Enskilda Banken AB (publ) 0.03% of their portfolio STOCKHOLM, V7 153,816153.8k $5.8m $5.8m 0.03% Reduced -29.1k -29,051
50 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 143,814143.8k $5.4m $5.4m 0.01% Added +132.3k +132,256
51 MERITAGE PORTFOLIO MANAGEMENT 0.34% of their portfolio OVERLAND PARK, KS 142,018142.0k $5.3m $5.3m 0.34% New
52 Crossmark Global Holdings, Inc. 0.08% of their portfolio HOUSTON, TX 139,900139.9k $5.2m $5.2m 0.08% New
53 UBS Group AG 0.00% of their portfolio ZURICH, V8 129,920129.9k $4.9m $4.9m 0.00% Reduced -46.2k -46,243
54 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 128,385128.4k $4.8m $4.8m 0.00% Reduced -210.8k -210,798
55 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 127,577127.6k $4.8m $4.8m 0.00% Reduced -6.2k -6,155
56 Calamos Advisors LLC 0.02% of their portfolio NAPERVILLE, IL 119,770119.8k $4.5m $4.5m 0.02% Added +98.6k +98,565
57 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 117,035117.0k $4.4m $4.4m 0.01% Added +24.9k +24,886
58 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 113,655113.7k $4.3m $4.3m 0.00% Added +12.2k +12,169
59 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio CHICAGO, IL 111,655111.7k $4.2m $4.2m 0.01% New
60 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 109,100109.1k $4.1m $4.1m 0.01% Reduced -421.1k -421,100
61 KLP KAPITALFORVALTNING AS 0.02% of their portfolio OSLO, Q8 107,867107.9k $4.0m $4.0m 0.02% Added +1.8k +1,800
62 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 105,660105.7k $4.0m $4.0m 0.00% Added +33.4k +33,442
63 Vestcor Inc 0.12% of their portfolio FREDERICTON, A3 102,260102.3k $3.8m $3.8m 0.12% New
64 SEGALL BRYANT & HAMILL, LLC 0.05% of their portfolio CHICAGO, IL 97,57797.6k $3.7m $3.7m 0.05% Added +300 +300
65 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 94,41794.4k $3.5m $3.5m 0.00% Added +74.6k +74,584
66 TWINBEECH CAPITAL LP 0.08% of their portfolio PURCHASE, NY 93,98194.0k $3.5m $3.5m 0.08% New
67 Man Group plc 0.01% of their portfolio LONDON, X0 91,63291.6k $3.4m $3.4m 0.01% New
68 Triasima Portfolio Management inc. 0.63% of their portfolio MONTREAL, A8 91,50591.5k $3.4m $3.4m 0.63% New
69 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 87,43387.4k $3.3m $3.3m 0.00% Added +11.0k +11,031
70 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 84,88584.9k $3.2m $3.2m 0.00% Added +74.5k +74,542
71 NOMURA HOLDINGS INC 0.02% of their portfolio TOKYO, M0 80,13480.1k $3.0m $3.0m 0.02% Reduced -104.9k -104,878
72 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 79,06279.1k $3.0m $3.0m 0.00% New
73 LSV ASSET MANAGEMENT 0.01% of their portfolio CHICAGO, IL 78,18078.2k $2.9m $2.9m 0.01% Reduced -160.8k -160,791
74 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 76,39076.4k $2.9m $2.9m 0.02% Added +7.4k +7,384
75 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 74,52674.5k $2.8m $2.8m 0.00% Added +28.3k +28,343
76 Amundi 0.00% of their portfolio Paris, I0 74,48474.5k $2.8m $2.8m 0.00% Added +18.9k +18,946
77 ASSETMARK, INC 0.01% of their portfolio CONCORD, CA 66,32966.3k $2.5m $2.5m 0.01% Added +29.3k +29,268
78 Militia Capital Partners, LP 0.58% of their portfolio AUSTIN, TX 65,16465.2k $2.4m $2.4m 0.58% Added +5.2k +5,164
79 BTG Pactual Asset Management US LLC 0.32% of their portfolio NEW YORK, NY 63,41663.4k $2.4m $2.4m 0.32% Added +609 +609
80 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 62,90062.9k $2.4m $2.4m 0.00% New
81 Police & Firemen's Retirement System of New Jersey 0.02% of their portfolio TRENTON, NJ 61,36861.4k $2.3m $2.3m 0.02% Added +38.7k +38,687
82 STRS OHIO 0.01% of their portfolio COLUMBUS, OH 61,31261.3k $2.3m $2.3m 0.01% New
83 Jump Financial, LLC 0.03% of their portfolio Chicago, IL 55,80755.8k $2.1m $2.1m 0.03% Reduced -77.5k -77,463
84 Walleye Capital LLC 0.02% of their portfolio NEW YORK, NY 55,03555.0k $2.1m $2.1m 0.02% New
85 North of South Capital LLP 0.21% of their portfolio LONDON, X0 52,88152.9k $2.0m $2.0m 0.21% Added +8.0k +8,000
86 Counterpoint Mutual Funds LLC 0.17% of their portfolio San Diego, CA 52,36352.4k $2.0m $2.0m 0.17% New
87 Perpetual Ltd 0.02% of their portfolio SYDNEY, NEW SOUTH WALES, C3 50,75050.8k $1.9m $1.9m 0.02% Reduced -11.7k -11,700
88 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 49,36749.4k $1.8m $1.8m 0.00% New
89 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 48,16148.2k $1.8m $1.8m 0.00% Added +20.8k +20,760
90 Treasurer of the State of North Carolina 0.01% of their portfolio RALEIGH, NC 47,99048.0k $1.8m $1.8m 0.01% New
91 Employees Retirement System of Texas 0.01% of their portfolio AUSTIN, TX 45,51745.5k $1.7m $1.7m 0.01% Unchanged
92 Future Fund LLC 0.74% of their portfolio CHICAGO, IL 44,49144.5k $1.7m $1.7m 0.74% Added +29.4k +29,423
93 TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio AUSTIN, TX 44,35644.4k $1.7m $1.7m 0.01% Reduced -2.0k -1,952
94 GSA CAPITAL PARTNERS LLP 0.11% of their portfolio LONDON, X0 43,38243.4k $1.6m $1.6m 0.11% Reduced -11.1k -11,059
95 Raiffeisen Bank International AG 0.02% of their portfolio VIENNA, C4 42,00042.0k $1.5m $1.5m 0.02% Unchanged
96 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 41,31141.3k $1.5m $1.5m 0.00% New
97 WEXFORD CAPITAL LP 0.42% of their portfolio WEST PALM BEACH, FL 40,00040.0k $1.5m $1.5m 0.42% Unchanged
98 Mariner, LLC 0.00% of their portfolio Overland Park, KS 35,84835.8k $1.3m $1.3m 0.00% Added +6.3k +6,342
99 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 34,86834.9k $1.3m $1.3m 0.00% Added +6.1k +6,080
100 TT International Asset Management LTD 0.68% of their portfolio LONDON, X0 34,51534.5k $3.6m $3.6m 0.68% Added +30.2k +30,180