Institutional Investors Swarm Tellurian (TELL) Shares: Insights from Q4 2023

2024-03-12

During the quarter ending on December 31, 2023, Tellurian (TELL) attracted significant interest from institutional investors, as indicated by data from sharkstracker.com. At that time, a total of 230 hedge funds held 265,982,689 shares of TELL, while 13 ETFs collectively held 54,076,387 shares of the company. Among the top institutional holders of TELL were State Street Corp, BlackRock Inc., and Vanguard Group Inc.

Throughout the quarter, there was notable activity in TELL shares among hedge funds, with 80 funds increasing their positions in the company and 54 funds reducing their holdings. The selling activity amounted to 21,595,667 shares, while purchases totaled 45,572,198 shares. Moreover, 16 hedge funds opted to double down on their TELL positions, while 6 funds decided to sell off at least 90% of their shares in the company.

Among the institutions displaying optimism towards TELL were State Street Corp, BlackRock Inc., and Susquehanna International Group, LLP. Conversely, some institutions took a more pessimistic stance, with Citadel Advisors LLC and Millennium Management LLC being among the notable entities in this category.

The data provided by sharkstracker.com offers a data-driven perspective on the market dynamics surrounding Tellurian, shedding light on the activities of hedge funds and ETFs in relation to the company.