Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in TSAT held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | PUBLIC SECTOR PENSION INVESTMENT BOARD | 18.2M | $659.2M | 0.0% | 123.925% | 2.05% |
| 2 | MHR FUND MANAGEMENT LLC | 18.0M | $652.9M | 0.0% | 122.727% | 47.72% |
| 3 | GAMCO INVESTORS, INC. ET AL | 1.8M | $64.0M | -3.4% | 12.039% | 0.63% |
| 4 | Rubric Capital Management LP | 844K | $30.5M | 0.0% | 5.742% | 0.37% |
| 5 | GABELLI FUNDS LLC | 714K | $25.9M | +0.2% | 4.860% | 0.17% |
| 6 | Heard Capital LLC | 611K | $22.1M | -50.2% | 4.155% | 1.14% |
| 7 | HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P. | 397K | $14.4M | 0.0% | 2.699% | 0.99% |
| 8 | LM Asset Management, Inc. | 383K | $13.8M | +16.2% | 2.604% | 7.18% |
| 9 | PenderFund Capital Management Ltd. | 371K | $13.1M | -9.4% | 2.526% | 2.06% |
| 10 | CITADEL ADVISORS LLC | 176K | $6.4M | +77.7% | 1.196% | 0.00% |
| 11 | MORGAN STANLEY | 163K | $5.9M | +153.9% | 1.111% | 0.00% |
| 12 | MILLENNIUM MANAGEMENT LLC | 152K | $5.5M | +18.1% | 1.033% | 0.00% |
| 13 | AYAL Capital Advisors Ltd | 148K | $5.4M | β | 1.007% | 3.25% |
| 14 | Senvest Management, LLC | 138K | $5.0M | +2.2% | 0.937% | 0.17% |
| 15 | ADVISOR GROUP HOLDINGS, INC. | 137K | $5.0M | +23732.2% | 0.932% | 0.01% |
| 16 | Connor, Clark & Lunn Investment Management Ltd. | 123K | $4.5M | +9.6% | 0.839% | 0.01% |
| 17 | Pembroke Management, LTD | 93K | $3.4M | β | 0.632% | 0.49% |
| 18 | INTACT INVESTMENT MANAGEMENT INC. | 74K | $2.7M | β | 0.502% | 0.08% |
| 19 | K.J. Harrison & Partners Inc | 70K | $2.5M | 0.0% | 0.476% | 0.41% |
| 20 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 63K | $2.3M | +129.7% | 0.427% | 0.00% |
| 21 | Walleye Capital LLC | 57K | $2.1M | +210.1% | 0.388% | 0.01% |
| 22 | GABELLI & Co INVESTMENT ADVISERS, INC. | 53K | $1.9M | -7.6% | 0.363% | 0.29% |
| 23 | Jump Financial, LLC | 45K | $1.6M | β | 0.308% | 0.02% |
| 24 | BANK OF AMERICA CORP /DE/ | 35K | $1.3M | +72.5% | 0.237% | 0.00% |
| 25 | Verition Fund Management LLC | 30K | $1.1M | β | 0.204% | 0.01% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in TSAT β a direct measure of their conviction.
Filings activity in TSAT during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 73 | +14% | 199.99% | +16.65 pp | $1.56B | +24% |
| Q4 2025 | 64 | +3.2% | 183.34% | +17.11 pp | $1.26B | +10% |
| Q3 2025 | 62 | +5.1% | 166.23% | +12.10 pp | $1.15B | +7.8% |
| Q2 2025 | 59 | +5.4% | 154.13% | +35.84 pp | $1.06B | +30% |
| Q1 2025 | 56 | +24% | 118.29% | +14.14 pp | $815M | +14% |
| Q4 2024 | 45 | +18% | 104.15% | +20.40 pp | $718M | +24% |
| Q3 2024 | 38 | +0.0% | 83.75% | 5.47 pp | $577M | 6.1% |
| Q2 2024 | 38 | β | 89.22% | β | $615M | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying TSAT stock.
Based on Q1 2026 13F filings, institutional ownership of Telesat Corporation stands at 200.0%, held across 73 reporting institutions.
PUBLIC SECTOR PENSION INVESTMENT BOARD is the largest reported institutional holder of TSAT, with approximately 18,211,203 shares worth $0.66B as of Q1 2026.
Yes β 3 widely-followed marquee investors appear among the top 25 institutional holders of TSAT, including CITADEL ADVISORS LLC, MILLENNIUM MANAGEMENT LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for TSAT is 75 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
21 institutions opened new positions in TSAT during Q1 2026, while 12 fully exited. 44 added to existing positions and 7 trimmed.
TSAT institutional ownership rose by 16.65 percentage points quarter-over-quarter, with a net change of +9 holders.
The top 10 institutions account for 96.1% of all reported 13F value in TSAT, and the top 25 account for 99.3%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Telesat Corporation (TSAT) Institutional Ownership