Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Telesat Corp (TSAT)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +11
Streak
1Q ▲
Buyers last Q
62%

Smart Money Signals — TSAT

Based on 75 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added TSAT 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
75 hedge funds hold TSAT 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 — +29% more funds vs a year ago

fund count last 6Q
+17 new funds entered over the past year (+29% 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 — 62% buying

45 buying28 selling
Last quarter: 45 funds were net buyers (22 opened a brand new position + 23 added to an existing one). Only 28 were sellers (17 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+12 vs last Q)

new funds entering per quarter
Funds opening a new TSAT position: 11 → 14 → 10 → 22. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

44% of holders stayed for 2+ years

■ 44% conviction (2yr+) ■ 23% medium ■ 33% new
33 out of 75 hedge funds have held TSAT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Value +23% but shares only +0% — price-driven

Value
+23%
Shares
+0%
Last quarter: the total dollar value of institutional holdings rose +23%, but actual share count only changed +0%. 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

13 → 11 → 14 → 10 → 22 new funds/Q
New funds entering each quarter: 11 → 14 → 10 → 22. A growing number of institutions are discovering TSAT each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 55% veterans vs 35% newcomers

■ 55% veterans ■ 10% 1-2yr ■ 35% new
Entry-cohort mix of 80 holders: 44 (55%) are 2+ year veterans, 8 entered 1–2 years ago, and 28 (35%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 1% AUM from top-100

1% from top-100 AUM funds
14 of 74 holders rank in the top 100 by AUM, but together hold only 1% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — 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 — TSAT

In 2026 Q1, 45 hedge funds were net buyers of TSAT (22 opened a new position, 23 added to an existing one), while 28 reduced or exited (17 trimmed, 11 sold completely) — a 62% buyer ratio, indicating clear institutional accumulation. Net fund flow last quarter: +11 funds (more new holders than closures). Total institutional holders: 75.

Hedge Fund Ownership: TSAT

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

Market Analysis: TSAT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TSAT

-- --

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

Is It Too Late to Buy Telesat Corp (TSAT) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TSAT has moved relative to its sector benchmark (XLK) 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 · 82d ago
TSAT
+26.0%
XLK
+44.0%

TSAT outperformed XLK by -18.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
TSAT
-12.3%
XLK
+8.6%

Since the filing became public, TSAT outperformed XLK by -20.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 2 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
2.3
/ 10
conviction
Hedge Fund Positioning: TSAT
75 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 75 64 17.19%
13F Shares 44M 44M 0.33%
Total Value $1.57B $1.27B 23.24%
New Positions 22 10 +12
Increased Positions 23 17 +6
Closed Positions 11 10 +1
Reduced Positions 14 21 -7
Total Calls 4 1 300.0%
Total Puts 2 1 100.0%
PUT/CALL Ratio 0.5 1.0 Bullish

Statistics: TSAT

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
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) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

75 + investors

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

QUARTER:
Top 25 TSAT holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Mhr Fund Management LLC 47.72% 18,035,092 $652.9M
2 LM Asset Management Inc. 7.18% 382,650 $13.8M
3 PenderFund Capital Management Ltd. 2.06% 371,153 $13.1M
4 Public Sector Pension Investment Board 2.05% 18,211,203 $659.2M
5 AYAL Capital Advisors Ltd 1.45% 148,000 $5.4M
6 Heard Capital LLC 1.14% 610,570 $22.1M
7 Nexpoint Asset Management, L.P. 0.96% 396,623 $14.4M
8 Gamco Investors, INC. Et Al 0.63% 1,769,149 $64.0M
9 Pembroke Management, LTD 0.49% 92,829 $3.4M
10 K.J. Harrison & Partners Inc 0.41% 70,000 $2.5M
11 Rubric Capital Management LP 0.32% 843,781 $30.5M
12 GABELLI & Co INVESTMENT ADVISERS, INC. 0.29% 53,311 $1.9M
13 Gabelli Funds LLC 0.17% 714,129 $25.9M
14 Senvest Management, LLC 0.17% 137,668 $5.0M
15 Militia Capital Management LLC 0.13% 15,475 $560K
16 Intact Investment Management INC. 0.08% 73,700 $2.7M
17 Platform Technology Partners 0.06% 8,551 $310K
18 Dynamic Technology Lab Private Ltd 0.06% 9,608 $348K
19 Axq Capital, LP 0.04% 9,217 $334K
20 PDT Partners, LLC 0.02% 10,613 $384K
21 Mangrove Partners IM, LLC 0.02% 7,743 $280K
22 Jump Financial, LLC 0.02% 45,196 $1.6M
23 Central Pacific Bank - Trust Division 0.02% 4,486 $162K
24 Connor, Clark & Lunn Investment Management Ltd. 0.01% 123,267 $4.5M
25 Walleye Capital LLC 0.01% 57,017 $2.1M
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 — Telesat Corp (TSAT)

What does the Smart Money Trend signal show for TSAT?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added TSAT 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 TSAT?

More buyers than sellers — 62% buying: Last quarter: 45 funds were net buyers (22 opened a brand new position + 23 added to an existing one). Only 28 were sellers (17 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for TSAT holders?

Smaller funds dominant — 1% AUM from top-100: 14 of 74 holders rank in the top 100 by AUM, but together hold only 1% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held TSAT?

44% of holders stayed for 2+ years: 33 out of 75 hedge funds have held TSAT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Telesat Corp (TSAT) following the 2026 Q1 hedge fund 13F filings?

As of today, TSAT has moved -12.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +8.6% for the XLK sector ETF — an outperformance of -20.9%. Since the quarter end (March 31, 2026), TSAT has gained +26.0% vs +44.0% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near 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.

Full history →