QualTek Services Inc. Class A Common Stock
QTEK
QTEK was delisted on the 1st of June, 2023.
15 hedge funds and large institutions have $8.55M invested in QualTek Services Inc. Class A Common Stock in 2022 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 46 closing their positions.
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
72% less funds holding
Funds holding: 53 → 15 (-38)
83% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 46
91% less capital invested
Capital invested by funds: $93.2M → $8.55M (-$84.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$8.64M |
| 2 |
ACM
ACT Capital Management
Wayne,
Pennsylvania
|
+$2.23M |
| 3 |
MAG
Millrace Asset Group
Berwyn,
Pennsylvania
|
+$1.87M |
| 4 |
SW
SkyOak Wealth
Southfield,
Michigan
|
+$736K |
| 5 |
NC
Nokomis Capital
Dallas,
Texas
|
+$336K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$12.4M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$6.64M |
| 3 |
KC
Kryger Capital
London,
United Kingdom
|
-$5.59M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$4.53M |
| 5 |
AWG
Alpha Wave Global
New York
|
-$4.52M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GH
51
GAM Holding
Zurich,
Switzerland
| – | -$322K | -32,500 | Closed |
|
|
MIG
52
Mariner Investment Group
Harrison,
New York
| – | -$298K | -30,000 | Closed |
|
53
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$279K | -28,146 | Closed |
|
|
USPCM
54
Union Square Park Capital Management
New York
| – | -$236K | -23,729 | Closed |
|
|
SCA
55
Salient Capital Advisors
Houston,
Texas
| – | -$222K | -22,320 | Closed |
|
|
BL
56
Bleichroeder LP
New York
| – | -$153K | -18,750 | Closed |
|
|
SCC
57
Spring Creek Capital
Wichita,
Kansas
| – | -$149K | -15,000 | Closed |
|
58
CI Investments Inc
Toronto,
Ontario, Canada
| – | -$135K | -13,600 | Closed |
|
|
GF
59
Gabelli Funds
Rye,
New York
| – | -$102K | -10,300 | Closed |
|
|
AA
60
Ancora Advisors
Cleveland,
Ohio
| – | -$74K | -7,481 | Closed |
|
|
TRCT
61
Tower Research Capital (TRC)
New York
| – | -$17K | -1,691 | Closed |
|
QTEK Hedge Fund Activity: Q1 2022 in Review
15 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in QualTek Services Inc. Class A Common Stock (QTEK) for Q1 2022, worth a combined $8.55M — down 91% from $93.2M a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of QTEK and 8 opened new positions — a net loss of 38 holders — while 3 trimmed existing stakes and 2 added.
The largest buyer was Wasatch Advisors, opening a new position worth an estimated $8.64M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $12.4M sold.
- 15 institutional investors held QualTek Services Inc. Class A Common Stock (QTEK) as of Q1 2022, down from 53 in Q4 2021.
- Funds reported $8.55M of QualTek Services Inc. Class A Common Stock stock for Q1 2022, down 91% quarter-over-quarter.
- 8 funds opened new QualTek Services Inc. Class A Common Stock positions in Q1 2022 and 46 closed out, a net change of -38 holders.
- The largest QualTek Services Inc. Class A Common Stock buyer in Q1 2022 was Wasatch Advisors, an estimated $8.64M added.
- The largest QualTek Services Inc. Class A Common Stock seller in Q1 2022 was Weiss Asset Management, an estimated $12.4M sold.
Based on aggregated 13F filings for Q1 2022.