TSATNasdaqCommunications Services, NECFiscal year ends December 31
Telesat Corp
Financials through Q4 FY2025, quarter ended Dec 31, 2025Last filing: 20-F on Mar 17, 2026
$44.88−0.08 (-0.18%)
Close on Oct 19, 2026
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
43M of 15M shares
Institutional holders
103
39 new, 11 sold out
Net institutional buying
-1M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Greywolf Advisors LLC | 860,551 | 6.20% | 13G (passive) amendment | Dec 31, 2024 |
| Mark H. Rachesky, M.D. | 18,096,228 | 35.50% | 13D (active) amendment | Jul 8, 2026 |
| GAMCO Asset Management Inc. | 1,713,548 | 11.60% | 13D (active) amendment | Mar 31, 2026 |
| Heard Investment Manager LLC | 1,646,695 | 11.50% | 13G (passive) amendment | Mar 31, 2025 |
| William E. Heard Declaration of Trust | 1,519,410 | 10.40% | 13G (passive) amendment | Jun 30, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of TSAT | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Public Sector Pension Investment Board | 18,211,203 | 122.69% | $921.85M | – | 2.38% |
| Mhr Fund Management LLC | 18,035,092 | 121.50% | $912.94M | – | 47.56% |
| Gamco Investors, Inc. Et Al | 1,723,385 | 11.61% | $87.24M | −45,764 | 0.78% |
| Gabelli Funds LLC | 716,281 | 4.83% | $36.26M | +2,152 | 0.23% |
| Millennium Management LLC | 544,272 | 3.67% | $27.55M | +392,529 | 0.01% |
| Nexpoint Asset Management, L.P. | 396,623 | 2.67% | $20.08M | – | 1.34% |
| LM Asset (IM) Inc. | 266,350 | 1.79% | $13.48M | −116,300 | 8.36% |
| Morgan Stanley | 256,183 | 1.73% | $12.97M | +92,879 | 0.00% |
| PenderFund Capital Management Ltd. | 225,153 | 1.52% | $11.03M | −146,000 | 1.41% |
| Pembroke Management, LTD | 183,478 | 1.24% | $9.29M | +90,649 | 0.66% |
| Vestcor Inc | 175,000 | 1.18% | $8.86K | −75,000 | 0.22% |
| Osaic Holdings, Inc. | 156,844 | 1.06% | $7.94M | +19,809 | 0.01% |
| AYAL Capital Advisors Ltd | 151,500 | 1.02% | $7.67M | +3,500 | 2.07% |
| Rokos Capital Management LLP | 137,737 | 0.93% | $6.96M | New | 0.03% |
| Senvest Management, LLC | 137,668 | 0.93% | $6.97M | – | 0.20% |
| Mackenzie Financial Corp | 118,830 | 0.80% | $8.55M | New | 0.01% |
| Guardian Capital LP | 107,029 | 0.72% | $5.43M | New | 0.13% |
| Connor, Clark & Lunn Investment Management Ltd. | 93,932 | 0.63% | $4.75M | −29,335 | 0.01% |
| Penserra Capital Management LLC | 84,309 | 0.57% | $4.27K | +10,659 | 0.03% |
| Van Berkom & Associates Inc. | 77,382 | 0.52% | $3.92K | +22,398 | 0.13% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 103 | 43M | 100.0% | 39 / 23 | 24 / 11 | 2M | 2M |
| Q1 2026 | 75 | 44M | 100.0% | 20 / 23 | 15 / 9 | 1M | 1M |
| Q4 2025 | 65 | 44M | 100.0% | 10 / 19 | 20 / 8 | 1M | 2M |
| Q3 2025 | 65 | 45M | 100.0% | 14 / 16 | 23 / 8 | 2M | 1M |
| Q2 2025 | 59 | 44M | 100.0% | 13 / 13 | 16 / 11 | 1M | 1M |
| Q1 2025 | 57 | 44M | 100.0% | 13 / 11 | 18 / 2 | 1M | 1M |
| Q4 2024 | 46 | 44M | 100.0% | 14 / 8 | 9 / 8 | 1M | 1M |
| Q3 2024 | 40 | 44M | 100.0% | 5 / 6 | 12 / 4 | 0M | 0M |
| Q2 2024 | 39 | 44M | 100.0% | 3 / 11 | 11 / 9 | 0M | 1M |
| Q1 2024 | 45 | 44M | 100.0% | 6 / 7 | 14 / 9 | 0M | 1M |
| Q4 2023 | 49 | 45M | 100.0% | 12 / 13 | 13 / 9 | 1M | 0M |
| Q3 2023 | 46 | 45M | 100.0% | 12 / 11 | 13 / 10 | 1M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of TSAT | Value | % of fund | As of |
|---|---|---|---|---|---|
| 1290 VT GAMCO Small Company Value Portfolio | 676,000 | 4.55% | $34.22M | 0.76% | Jun 30, 2026 |
| The Gabelli Small Cap Growth Fund | 140,000 | 0.94% | $7.09M | 0.37% | Jun 30, 2026 |
| 1290 GAMCO Small/Mid Cap Value Fund | 113,200 | 0.76% | $4.22M | 1.77% | Jul 31, 2026 |
| 1290 VT GAMCO Mergers & Acquisitions Portfolio | 101,500 | 0.68% | $5.14M | 2.98% | Jun 30, 2026 |
| The Gabelli Utilities Fund | 100,000 | 0.67% | $5.06M | 0.29% | Jun 30, 2026 |
| Procure Space ETF | 67,770 | 0.46% | $2.53M | 0.43% | Jul 31, 2026 |
| The Gabelli Asset Fund | 43,900 | 0.30% | $2.22M | 0.13% | Jun 30, 2026 |
| Roundhill Space & Technology ETF | 32,816 | 0.22% | $1.17M | 2.22% | Jun 30, 2026 |
| Gabelli Global Content & Connectivity Fund | 32,000 | 0.22% | $1.62M | 1.98% | Jun 30, 2026 |
| Enterprise Mergers and Acquisitions Fund | 30,200 | 0.20% | $1.53M | 2.52% | Jun 30, 2026 |
| The Gabelli Equity Income Fund | 20,000 | 0.13% | $1.01M | 0.22% | Jun 30, 2026 |
| Dimensional International Small Cap ETF | 10,295 | 0.07% | $272.39K | 0.01% | Jul 31, 2026 |
| Fidelity Nasdaq Composite Index Fund | 9,674 | 0.07% | $524.43K | 0.00% | May 31, 2026 |
| Avantis International Equity ETF | 7,700 | 0.05% | $303.76K | 0.00% | May 31, 2026 |
| State Street(R) SPDR(R) S&P(R) International Small Cap ETF | 3,536 | 0.02% | $178.99K | 0.02% | Jun 30, 2026 |