Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Millicom Intl Cellular S A (TIGO)

365 + 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
↑ +43
Streak
10Q ▲
Buyers last Q
59%

Smart Money Signals — TIGO

Based on 367 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 10 quarters in a row

last 6Q
For 10 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
367 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 — +117% more funds vs a year ago

fund count last 6Q
+198 new funds entered over the past year (+117% 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.
🟡

Slight buying edge — 59% buying

232 buying160 selling
Last quarter: 232 funds bought or added vs 160 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~93 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 68 → 85 → 97 → 93. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 25% long-term, 47% new

■ 25% conviction (2yr+) ■ 28% medium ■ 47% new
Of the 367 current holders: 93 (25%) held >2 years, 102 held 1–2 years, and 172 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.
💰

Price up while funds trimmed (+18% value, -11% shares)

Value
+17%
Shares
-11%
Last quarter: total value of institutional TIGO holdings rose +18% even though funds reduced share count by 11%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
📈

Growing discovery — still being found

80 → 68 → 85 → 97 → 93 new funds/Q
New funds entering each quarter: 68 → 85 → 97 → 93. A growing number of institutions are discovering TIGO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱

Early stage — 60% of holders entered in last year

■ 34% veterans ■ 6% 1-2yr ■ 60% new
Of 375 current holders: 224 (60%) entered in the past year, only 127 (34%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
🏆

Elite ownership — 45% AUM from top-100 funds

45% from top-100 AUM funds
49 of 364 holders are among the 100 largest funds by AUM, controlling 45% 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.
5.4
out of 10
Moderate Exit Risk
Exit risk score 5.4/10 — 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.

Institutional Sentiment Summary — TIGO

In 2026 Q1, 232 hedge funds were net buyers of TIGO (93 opened a new position, 139 added to an existing one), while 160 reduced or exited (110 trimmed, 50 sold completely) — a 59% buyer ratio, indicating a slight buying edge. This marks 10 consecutive quarters of net institutional buying — a persistent conviction signal. 45% of total institutional value in TIGO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +43 funds (more new holders than closures). Total institutional holders: 367.

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

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Millicom Intl Cellular S A (TIGO) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TIGO has moved relative to its sector benchmark (XLC) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
TIGO
+18.7%
XLC
+0.7%

TIGO outperformed XLC by +18.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
TIGO
+12.2%
XLC
-3.8%

Since the filing became public, TIGO outperformed XLC by +16.0% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

26 top-rated funds 3 high-conviction
Consensus
6.2
/ 10
breadth
×
Elite
3.1
/ 10
conviction
Hedge Fund Positioning: TIGO
365 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 365 324 12.65%
13F Shares 66M 74M -11.02%
Total Value $4.84B $4.12B 17.64%
New Positions 91 97 -6
Increased Positions 137 120 +17
Closed Positions 50 32 +18
Reduced Positions 109 79 +30
Total Calls 6 5 20.0%
Total Puts 5 4 25.0%
PUT/CALL Ratio 0.83 0.8 Neutral

Statistics: TIGO

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Institutional Holders (2026 Q1)

365 + investors

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

QUARTER:
Top 25 TIGO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 LB Partners LLC 9.61% 143,000 $10.7M
2 Aperture Investors, LLC 3.79% 400,670 $30.0M
3 Mangrove Partners IM, LLC 3.38% 556,485 $41.7M
4 Marathon Asset Management Ltd 3.18% 1,107,258 $83.0M
5 Triodos Investment Management BV 2.93% 518,000 $38.8M
6 Future Fund LLC 2.41% 91,441 $6.9M
7 Triasima Portfolio Management inc. 2.31% 203,790 $15.3M
8 Perpetual Ltd 2.02% 1,759,938 $131.9M
9 Brandes Investment Partners, LP 1.73% 3,261,016 $244.4M
10 CTC Alternative Strategies, Ltd. 1.36% 8,000 $600K
11 Park West Asset Management LLC 1.18% 186,030 $13.9M
12 Lee Danner & Bass Inc 1.14% 243,000 $18.2M
13 Militia Capital Management LLC 1.07% 63,000 $4.7M
14 PDT Partners, LLC 0.96% 216,227 $16.2M
15 Hosking Partners LLP 0.94% 351,482 $26.3M
16 Index Technologies Group LLC 0.92% 11,305 $847K
17 Anfield Capital Management, LLC 0.87% 42,313 $3.2M
18 Bayesian Capital Management, LP 0.75% 8,200 $615K
19 Eddie Patel Inc 0.71% 12,411 $930K
20 FCG Investment Co 0.69% 21,149 $1.6M
21 Hennessy Advisors Inc 0.68% 252,100 $18.9M
22 LWM Advisory Services, LLC 0.64% 7,978 $598K
23 Quantum Portfolio Management LLC 0.64% 19,517 $1.5M
24 Cullen Capital Management, LLC 0.64% 827,675 $62.0M
25 Counterpoint Mutual Funds LLC 0.63% 56,020 $4.2M
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 — 10 quarters in a row: For 10 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?

Slight buying edge — 59% buying: Last quarter: 232 funds bought or added vs 160 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for TIGO holders?

Elite ownership — 45% AUM from top-100 funds: 49 of 364 holders are among the 100 largest funds by AUM, controlling 45% 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 — 25% long-term, 47% new: Of the 367 current holders: 93 (25%) held >2 years, 102 held 1–2 years, and 172 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.

Is it too late to buy Millicom Intl Cellular S A (TIGO) following the 2026 Q1 hedge fund 13F filings?

As of today, TIGO has moved +12.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to -3.8% for the XLC sector ETF — an outperformance of +16.0%. Since the quarter end (March 31, 2026), TIGO has gained +18.7% vs +0.7% for XLC. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

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.

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