Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

MILLICOM INTL CELLULAR S A (TIGO)

319 + Investors. Track Smart Money conviction in TIGO. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +61
Streak
5Q ▲
Buyers last Q
65%

Smart Money Signals — TIGO

Based on 311 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q
For 5 consecutive quarters, more hedge funds added TIGO than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
311 hedge funds hold TIGO right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +231% more funds vs a year ago

fund count last 6Q
+217 new funds entered over the past year (+231% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 65% buying

207 buying112 selling
Last quarter: 207 funds were net buyers (92 opened a brand new position + 115 added to an existing one). Only 112 were sellers (81 trimmed + 31 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+10 vs last Q)

new funds entering per quarter
Funds opening a new TIGO position: 75 → 68 → 82 → 92. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 28% long-term, 49% new

■ 28% conviction (2yr+) ■ 23% medium ■ 49% new
Of the 311 current holders: 86 (28%) held >2 years, 73 held 1–2 years, and 152 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💰

Value +32% but shares only +5% — price-driven

Value
+32%
Shares
+5%
Last quarter: the total dollar value of institutional holdings rose +32%, but actual share count only changed +5%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

16 → 75 → 68 → 82 → 92 new funds/Q
New funds entering each quarter: 75 → 68 → 82 → 92. A growing number of institutions are discovering TIGO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊

Mixed cohorts — 39% veterans, 54% new entrants

■ 39% veterans ■ 8% 1-2yr ■ 54% new
Of 319 current holders: 123 (39%) held 2+ years, 25 held 1–2 years, 171 (54%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 52% AUM from top-100 funds

52% from top-100 AUM funds
37 of 311 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in TIGO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
5.9
out of 10
Moderate Exit Risk
Exit risk score 5.9/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: TIGO

How many hedge funds hold TIGO — quarterly history vs. share price
Quarterly hedge fund ownership of TIGO vs. share price

Market Analysis: TIGO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TIGO

-- --
Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

47 top-rated funds 1 high-conviction
Consensus
7.3
/ 10
breadth
×
Elite
2.2
/ 10
conviction
Hedge Fund Positioning: TIGO
2026 Q1 Stats Unlock in 18 days 319 + Investors

Track Smart Money conviction in TIGO. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 319 255 25.1%
13F Shares 72M 68M 5.29%
Total Value $3.99B $3.02B 32.24%
New Positions 93 83 +10
Increased Positions 123 86 +37
Closed Positions 32 40 -8
Reduced Positions 86 65 +21
Total Calls 5 5 -
Total Puts 4 3 33.33%
PUT/CALL Ratio 0.8 0.6 Neutral

Statistics: TIGO

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
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Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

319 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in TIGO. Verified SEC 13F-HR filings.

Top 25 institutional holders of TIGO — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 LB Partners LLC 9.61% 143,000 $10.7M
2 Marathon Asset Management Ltd 3.18% 1,107,258 $83.0M
3 Triasima Portfolio Management inc. 2.31% 203,790 $15.3M
4 Perpetual Ltd 2.02% 1,759,938 $131.9M
5 LEE DANNER & BASS INC 1.14% 243,000 $18.2M
6 Hosking Partners LLP 0.94% 351,482 $26.3M
7 Index Technologies Group LLC 0.92% 11,305 $847K
8 FCG Investment Co 0.69% 21,149 $1.6M
9 HENNESSY ADVISORS INC 0.68% 252,100 $18.9M
10 LWM Advisory Services, LLC 0.64% 7,978 $598K
11 Quantum Portfolio Management LLC 0.64% 19,517 $1.5M
12 Counterpoint Mutual Funds LLC 0.63% 56,020 $4.2M
13 OneAscent Investment Solutions LLC 0.48% 6,381 $478K
14 Wealthstar Advisors, LLC 0.42% 12,011 $900K
15 RHS Financial, LLC 0.22% 6,263 $469K
16 SEVEN MILE ADVISORY 0.22% 4,093 $307K
17 OneAscent Family Office, LLC 0.19% 3,549 $266K
18 SIERRA SUMMIT ADVISORS LLC 0.18% 16,985 $1.3M
19 OneAscent Wealth Management LLC 0.17% 6,800 $510K
20 Y-Intercept (Hong Kong) Ltd 0.14% 101,789 $7.6M
21 SPINNAKER TRUST 0.14% 34,000 $2.5M
22 Oxinas Partners, LLC 0.13% 3,703 $278K
23 Swedbank AB 0.13% 1,605,937 $120.3M
24 Bond & Devick Financial Network, Inc. 0.13% 6,000 $450K
25 EWA, LLC 0.12% 7,107 $533K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — MILLICOM INTL CELLULAR S A (TIGO)

What does the Smart Money Trend signal show for TIGO?

Buying streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds added TIGO than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for TIGO?

More buyers than sellers — 65% buying: Last quarter: 207 funds were net buyers (92 opened a brand new position + 115 added to an existing one). Only 112 were sellers (81 trimmed + 31 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for TIGO holders?

Elite ownership — 52% AUM from top-100 funds: 37 of 311 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in TIGO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held TIGO?

Mixed — 28% long-term, 49% new: Of the 311 current holders: 86 (28%) held >2 years, 73 held 1–2 years, and 152 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.