Telecom Argentina ADR Each Representing five Class B Ord Shs: Ownership

Ownership Information
Shares Outstanding 88.00 Mil
Institutional Ownership (%)21.57
Top 10 Institutions (%)16.30
Mutual Fund Ownership (%)1.60
5%/Insider Ownership (%)81.83
Float (%)18.17
Ownership Activity
Description# of HoldersShares
Total Positions 7318,979,098
New Positions160
Soldout Positions550
Net Position Change-41-7,117,253
Buyers364,618,383
Sellers77-11,735,636
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Institution Name Shs Held Shs Chg %Chg $Chg* %Out %Port Rpt Date
Brandes Investment Partners, LP 4,614,900 -1,842,153 -28.5 -9,051,739 5.2 0.4 09-30-09
Acadian Asset Management LLC 2,467,014 774,911 45.8 17,737,872 2.8 0.3 09-30-09
Renaissance Technologies Corp. 2,324,300 -141,900 -5.8 5,524,211 2.6 0.1 09-30-09
Discovery Capital Management, L.L.C. 1,066,097 500,697 88.6 9,792,809 1.2 1.6 09-30-09
Emerging Markets Management, L.L.C. 925,410 718,010 346.2 12,136,364 1.0 0.7 09-30-09
Morgan Stanley Investment Management Inc. (US) 908,643 -2,400 -0.3 2,840,520 1.0 0.0 09-30-09
Parametric Portfolio Associates LLC 598,078 36,354 6.5 2,356,348 0.7 0.1 09-30-09
Van Kampen Asset Management 525,297 168,639 47.3 3,823,577 0.6 0.0 09-30-09
J.P. Morgan Investment Management Inc. (New York) 482,594 408,695 553.0 6,768,554 0.5 0.0 09-30-09
Marathon Asset Management, L.L.C. 451,604 451,604 100.0 7,221,148 0.5 6.1 09-30-09
TCW Asset Management Company 428,162 -162,000 -27.5 -725,468 0.5 0.0 09-30-09
BlackRock Institutional Trust Company, N.A. 394,371 76,275 24.0 2,224,820 0.4 0.0 09-30-09
Goldman Sachs Asset Management (US) 377,600 377,600 100.0 6,037,824 0.4 0.0 09-30-09
Amundi Asset Management 374,846 256,246 216.1 4,472,150 0.4 0.1 09-30-09
UBS Securities LLC 246,095 -4,494 -1.8 720,002 0.3 0.0 09-30-09
*Category Headings:
Shs Held - shares held at report date
Shs Chg - position change within reporting period
%Chg - % change
$Chg - market value of the position change
%Out - % of shares outstanding
%Port - % Portfolio
Rpt Date - report date
Page generated 2/10/2010 10:37 AM Eastern Time