| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| GAMCO INVESTORS, INC. ET AL | 12% | -5.4% | $28,313,253 | -$160,933 | 1,802,244 | -0.57% | GAMCO Asset Management Inc. | 30 May 2025 |
| Heard Capital LLC | 8.4% | -20% | $39,950,015 | -$9,506,781 | 1,227,343 | -19% | Heard Capital LLC | 31 Dec 2025 |
| Greywolf Capital Management LP | 6.2% | $13,519,256 | 860,551 | Greywolf Opportunities Master Fund II LP | 31 Dec 2024 | |||
| Lau Daniel | 4.3% | $9,777,118 | 622,350 | Daniel Lau | 31 Mar 2025 |
As of 31 Dec 2025, 63 institutional investors reported holding 43,540,369 shares of Telesat Corp - Class B Variable Voting Shares (TSAT). This represents 297% of the company’s total 14,663,596 outstanding shares.
The largest institutional shareholders of Telesat Corp - Class B Variable Voting Shares (TSAT) together control 295% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| PUBLIC SECTOR PENSION INVESTMENT BOARD | 124% | 18,211,203 | 0% | 1.8% | $529,946,007 |
| MHR FUND MANAGEMENT LLC | 123% | 18,035,092 | 0% | 45% | $524,821,177 |
| GAMCO INVESTORS, INC. ET AL | 12% | 1,831,693 | +2.5% | 0.51% | $53,302,266 |
| Heard Capital LLC | 8.4% | 1,227,343 | -17% | 1.7% | $35,715,681 |
| Rubric Capital Management LP | 5.8% | 843,781 | 0% | 0.29% | $24,554,027 |
| GABELLI FUNDS LLC | 4.9% | 712,879 | -0.34% | 0.14% | $20,744,779 |
| PenderFund Capital Management Ltd. | 2.8% | 409,753 | 0% | 2.5% | $15,940,104 |
| NEXPOINT ASSET MANAGEMENT, L.P. | 2.7% | 396,623 | 0% | 0.8% | $11,541,729 |
| LM Asset Management, Inc. | 2.2% | 329,450 | -27% | 7.6% | $9,516,949 |
| Vestcor Inc | 1.4% | 200,000 | +14% | 0.17% | $5,820,000 |
| Senvest Management, LLC | 0.92% | 134,668 | +261% | 0.12% | $3,918,839 |
| MILLENNIUM MANAGEMENT LLC | 0.88% | 128,472 | +245% | 0% | $3,738,535 |
| PCJ Investment Counsel Ltd. | 0.8% | 117,498 | +4.7% | 0.84% | $3,387,484 |
| Connor, Clark & Lunn Investment Management Ltd. | 0.77% | 112,515 | -4.3% | 0.01% | $3,272,001 |
| K.J. Harrison & Partners Inc | 0.48% | 70,000 | +21% | 0.27% | $2,020,940 |
| CITADEL ADVISORS LLC | 0.47% | 68,233 | +7.1% | 0% | $1,985,581 |
| MORGAN STANLEY | 0.44% | 64,323 | +54% | 0% | $1,871,800 |
| GABELLI & Co INVESTMENT ADVISERS, INC. | 0.39% | 57,711 | -9.8% | 0.25% | $1,679,390 |
| Pathstone Holdings, LLC | 0.39% | 56,992 | +375% | 0.01% | $1,706,167 |
| RENAISSANCE TECHNOLOGIES LLC | 0.38% | 55,800 | -9.5% | 0% | $1,623,780 |
| BANK OF MONTREAL /CAN/ | 0.29% | 43,235 | 0% | $1,246,471 | |
| Penserra Capital Management LLC | 0.29% | 42,462 | +42% | 0.01% | $1,235,000 |
| LAZARD ASSET MANAGEMENT LLC | 0.28% | 41,504 | 0% | $1,207,766 | |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0.19% | 27,333 | +83% | 0% | $795,390 |
| JANE STREET GROUP, LLC | 0.18% | 26,048 | -29% | 0% | $757,997 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 43,540,369 | $1,270,886,709 | -$6,336,350 | $29.10 | 63 |
| 2025 Q3 | 43,786,385 | $1,152,726,973 | +$3,500,171 | $26.50 | 64 |
| 2025 Q2 | 43,644,517 | $1,063,747,554 | +$840,077 | $24.44 | 57 |
| 2025 Q1 | 43,679,011 | $818,864,033 | +$182,986 | $18.83 | 55 |
| 2024 Q4 | 43,676,946 | $717,814,073 | -$9,578,089 | $16.44 | 45 |
| 2024 Q3 | 43,635,669 | $577,618,099 | -$3,025,081 | $13.17 | 39 |
| 2024 Q2 | 43,874,346 | $399,865,262 | -$2,563,729 | $9.10 | 37 |
| 2024 Q1 | 44,116,791 | $375,696,172 | -$8,268,675 | $8.52 | 42 |
| 2023 Q4 | 44,964,033 | $469,875,921 | -$162,798 | $10.43 | 47 |
| 2023 Q3 | 44,604,700 | $640,076,164 | +$751,082 | $14.30 | 46 |
| 2023 Q2 | 44,605,737 | $420,686,634 | +$1,095,514 | $9.42 | 40 |
| 2023 Q1 | 44,503,784 | $384,213,026 | +$157,609,895 | $8.60 | 40 |
| 2022 Q4 | 26,364,492 | $197,658,112 | -$1,752,623 | $7.50 | 45 |
| 2022 Q3 | 26,383,785 | $206,064,348 | -$2,878,333 | $7.81 | 47 |
| 2022 Q2 | 26,664,021 | $297,824,244 | -$11,294,580 | $11.17 | 54 |
| 2022 Q1 | 27,172,488 | $448,417,602 | -$1,038,121 | $16.50 | 76 |
| 2021 Q4 | 26,965,409 | $773,163,158 | +$756,908,158 | $28.67 | 81 |