TELECOM ARGENTINA S A

Ticker: TEO CUSIP: 879273209 Class: ADR

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (21)

Sagil Capital LLP
Value ($000) $7,629 Shares 657,097
WEXFORD CAPITAL LP
Value ($000) $2,602 Shares 224,078
PharVision Advisers, LLC
Value ($000) $225 Shares 19,400
MIRABELLA FINANCIAL SERVICES LLP
Value ($000) $722 Shares 62,201
CenterBook Partners LP
Value ($000) $1,097 Shares 94,481
Dynamic Technology Lab Private Ltd
Value ($000) $211 Shares 18,133
PRELUDE CAPITAL MANAGEMENT, LLC
Value ($000) $116 Shares 10,000
XTX Topco Ltd
Value ($000) $189 Shares 16,270
MARSHALL WACE, LLP
Value ($000) $1,969 Shares 169,603
Y-Intercept (Hong Kong) Ltd
Value ($000) $229 Shares 19,702
Point72 Asset Management, L.P.
Value ($000) $973 Shares 83,797
JANE STREET GROUP, LLC
Value ($000) $725 Shares 62,456
STATE OF WISCONSIN INVESTMENT BOARD
Value ($000) $302 Shares 26,013
JPMORGAN CHASE & CO
Value ($000) $281 Shares 24,245
HSBC HOLDINGS PLC
Value ($000) $171 Shares 14,729
Aquatic Capital Management LLC
Value ($000) $61 Shares 5,282
Rockefeller Capital Management L.P.
Value ($000) $2 Shares 175
CITIGROUP INC
Value ($000) $2 Shares 174
Tower Research Capital LLC (TRC)
Value ($000) $1 Shares 100
Smartleaf Asset Management LLC
Value ($000) $0 Shares 29

Increased Positions (7)

RWC Asset Management LLP
Value ($000) $11,717 (+140.6%) Shares 1,009,244 (+50.7%)
MORGAN STANLEY
Value ($000) $6,690 (+470.5%) Shares 576,229 (+257.3%)
MILLENNIUM MANAGEMENT LLC
Value ($000) $1,458 (+316.5%) Shares 125,593 (+160.8%)
GOLDMAN SACHS GROUP INC
Value ($000) $1,758 (+188.0%) Shares 151,425 (+80.3%)
UBS Group AG
Value ($000) $3,409 (+100.7%) Shares 293,659 (+25.7%)
Mariner, LLC
Value ($000) $245 (+62.6%) Shares 21,130 (+1.8%)
VAN ECK ASSOCIATES CORP
Value ($000) $0 Shares 11,982 (+103.0%)

Decreased Positions (18)

Fourth Sail Capital LP
Value ($000) $5,264 (-55.6%) Shares 453,402 (-72.2%)
Banco BTG Pactual S.A.
Value ($000) $3,802 (+39.5%) Shares 327,501 (-12.6%)
OAKTREE CAPITAL MANAGEMENT LP
Value ($000) $27,255 (+42.6%) Shares 2,347,508 (-10.7%)
PING CAPITAL MANAGEMENT, INC.
Value ($000) $240 (-13.7%) Shares 20,700 (-46.0%)
TWO SIGMA INVESTMENTS, LP
Value ($000) $1,353 (-8.9%) Shares 116,495 (-42.9%)
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
Value ($000) $20,857 (+54.0%) Shares 1,796,458 (-3.6%)
BNP PARIBAS ARBITRAGE, SA
Value ($000) $62 (-87.2%) Shares 5,303 (-92.0%)
TWO SIGMA ADVISERS, LP
Value ($000) $496 (-17.8%) Shares 42,700 (-48.6%)
CITADEL ADVISORS LLC
Value ($000) $1,587 (+14.4%) Shares 136,675 (-28.4%)
Verition Fund Management LLC
Value ($000) $401 (-9.8%) Shares 34,520 (-43.5%)
BANK OF AMERICA CORP /DE/
Value ($000) $153 (-1.4%) Shares 13,171 (-38.3%)
D. E. Shaw & Co., Inc.
Value ($000) $1,879 (+53.1%) Shares 161,859 (-4.1%)
Engineers Gate Manager LP
Value ($000) $265 (+46.5%) Shares 22,839 (-8.3%)
GROUP ONE TRADING, L.P.
Value ($000) $16 (-26.6%) Shares 1,384 (-54.0%)
STIFEL FINANCIAL CORP
Value ($000) $152 (+57.8%) Shares 13,081 (-1.2%)
SIMPLEX TRADING, LLC
Value ($000) $2 (+88100.0%) Shares 152 (-52.5%)
Financial Gravity Asset Management, Inc.
Value ($000) $0 (-90.9%) Shares 3 (-94.3%)
EverSource Wealth Advisors, LLC
Value ($000) $11 (+51.8%) Shares 966 (-4.9%)

Exited Positions (6)

Monaco Asset Management SAM
Value ($000) $872 Shares 120,000
Jump Financial, LLC
Value ($000) $193 Shares 26,600
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP
Value ($000) $477 Shares 65,614
Qube Research & Technologies Ltd
Value ($000) $98 Shares 13,450
BARCLAYS PLC
Value ($000) $34 Shares 4,500
Allworth Financial LP
Value ($000) $0 Shares 47