Hedge Funds Are Betting On TIM Participacoes SA (ADR) (TSU)

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TIM Participacoes SA (ADR) (NYSE:TSU)TIM Participacoes SA (ADR) (NYSE:TSU) was in 11 hedge funds’ portfolio at the end of March. TSU investors should pay attention to an increase in enthusiasm from smart money of late. There were 10 hedge funds in our database with TSU holdings at the end of the previous quarter.

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Consequently, let’s take a gander at the key action regarding TIM Participacoes SA (ADR) (NYSE:TSU).

Hedge fund activity in TIM Participacoes SA (ADR) (NYSE:TSU)

Heading into Q2, a total of 11 of the hedge funds we track were long in this stock, a change of 10% from one quarter earlier. With hedge funds’ capital changing hands, there exists an “upper tier” of notable hedge fund managers who were boosting their holdings significantly.

Of the funds we track, Israel Englander’s Millennium Management had the most valuable position in TIM Participacoes SA (ADR) (NYSE:TSU), worth close to $29.1 million, comprising 0.1% of its total 13F portfolio. The second largest stake is held by Jericho Capital Asset Management, managed by Josh Resnick, which held a $28.4 million position; the fund has 3% of its 13F portfolio invested in the stock. Other peers that hold long positions include Jim Simons’s Renaissance Technologies, Cliff Asness’s AQR Capital Management and Ken Griffin’s Citadel Investment Group.

Consequently, specific money managers were breaking ground themselves. Meru Capital, managed by Guru Ramakrishnan, established the largest position in TIM Participacoes SA (ADR) (NYSE:TSU). Meru Capital had 5 million invested in the company at the end of the quarter. Mark Rachesky’s MHR Fund Management also made a $1.9 million investment in the stock during the quarter. The only other fund with a new position in the stock is Mike Vranos’s Ellington.

What have insiders been doing with TIM Participacoes SA (ADR) (NYSE:TSU)?

Bullish insider trading is best served when the company in focus has seen transactions within the past six months. Over the latest six-month time period, TIM Participacoes SA (ADR) (NYSE:TSU) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to TIM Participacoes SA (ADR) (NYSE:TSU). These stocks are Mobile TeleSystems OJSC (ADR) (NYSE:MBT), Sprint Nextel Corporation (NYSE:S), VimpelCom Ltd (ADR) (NYSE:VIP), Turkcell Iletisim Hizmetleri A.S. (ADR) (NYSE:TKC), and SK Telecom Co., Ltd. (ADR) (NYSE:SKM). This group of stocks belong to the wireless communications industry and their market caps resemble TSU’s market cap.

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