The Paulson and Balyasny additions are high-conviction signals, likely reflecting a thesis around LNG fundamentals or a catalyst. Monitor for a potential 13D filing (Paulson holds >5%) and next earnings report to validate the thesis. The 45-day 13F lag means positions may have changed, but the scale suggests sustained interest.
Executive Summary
Six institutional buyers added $57.7M in TELL shares during Q3 2024, overwhelmingly outweighing $1.7M in selling from five smaller holders. Paulson & Co. doubled its position to $29M, and Balyasny Asset Management added $13M, signaling strong conviction in the LNG company despite modest sell-side trimming.
Key Financial Metrics
Institutional Positions
Net institutional flow: $56.0M
▲ Buyers (6)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Paulson & Co. | DOUBLED | +461.7% | $29.0M | $25.3M |
| Balyasny Asset Management | DOUBLED | +3787.1% | $13.0M | $12.7M |
| HSBC Holdings | DOUBLED | +28218.1% | $18.1M | $18.0M |
| Citadel Advisors | DOUBLED | +19130% | $465.0K | $464.0K |
▼ Sellers (5)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| UBS AM | TRIM | -73.2% | $2.6M | -$1.6M |
| Neuberger Berman Group | TRIM | -68.4% | $66.0K | -$36.8K |
| Rhumbline Advisers | NEAR_EXIT | -91% | $53.0K | -$46.1K |
| National Bank of Canada | TRIM | -69.1% | $2.0K | -$1.3K |
| Commonwealth Equity Services | NEAR_EXIT | -85.1% | $254.00 | -$201.00 |
Key Facts
- Paulson & Co. (family office) doubled its TELL stake to $29M, the largest buyer
- Balyasny Asset Management added $12.7M to reach $13M in value
- HSBC Holdings grew from $50K to $18.1M, a +28,218% increase
- Total buyer holdings rose $57.7M to $62.2M; sellers reduced only $1.7M
- Active managers (Paulson, Balyasny, Citadel) dominate the buying cluster
Financial Impact
6 institutions added $57.7M in new positions while 5 reduced holdings by $1.7M, net institutional accumulation of $56.0M
Risk Factors
- 13F data is 45 days stale — positions may already be reduced
- No earnings or operational catalyst confirmed in the filing period
- Selling included a modest trim from UBS ($1.6M), but not material relative to buying
Market Snapshot
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-TELL-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 11, 2026 19w ago | Institutional Cluster | — | awaiting T+20 | — | — |
Feb 28, 2026 34w ago | Institutional Cluster | — | awaiting T+20 | — | — |
US Market Status
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