QualTek Services Inc. Class A Common Stock
QTEK
QTEK was delisted on the 1st of June, 2023.
16 hedge funds and large institutions have $347K invested in QualTek Services Inc. Class A Common Stock in 2023 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 6 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
27% less funds holding
Funds holding: 22 → 16 (-6)
83% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 6
86% less capital invested
Capital invested by funds: $2.46M → $347K (-$2.12M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SMH
Sanders Morris Harris
Houston,
Texas
|
+$21.9K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.01K |
| 3 |
BlackRock
New York
|
+$399 |
| 4 |
Wells Fargo
San Francisco,
California
|
+$10 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$462K |
| 2 |
IA
IFP Advisors
Tampa,
Florida
|
-$244K |
| 3 |
MW
Marks Wealth
Annapolis,
Maryland
|
-$10K |
| 4 |
Renaissance Technologies
New York
|
-$5K |
| 5 |
SW
SkyOak Wealth
Southfield,
Michigan
|
-$1.16K |
QTEK Hedge Fund Activity: Q1 2023 in Review
16 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in QualTek Services Inc. Class A Common Stock (QTEK) for Q1 2023, worth a combined $347K — down 86% from $2.46M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of QTEK and 1 opened new positions — a net loss of 5 holders — while 2 trimmed existing stakes and 3 added.
The largest buyer was Sanders Morris Harris, opening a new position worth an estimated $21.9K. The largest seller was Wasatch Advisors, exiting entirely with an estimated $462K sold.
- 16 institutional investors held QualTek Services Inc. Class A Common Stock (QTEK) as of Q1 2023, down from 22 in Q4 2022.
- Funds reported $347K of QualTek Services Inc. Class A Common Stock stock for Q1 2023, down 86% quarter-over-quarter.
- 1 fund opened new QualTek Services Inc. Class A Common Stock positions in Q1 2023 and 6 closed out, a net change of -5 holders.
- The largest QualTek Services Inc. Class A Common Stock buyer in Q1 2023 was Sanders Morris Harris, an estimated $21.9K added.
- The largest QualTek Services Inc. Class A Common Stock seller in Q1 2023 was Wasatch Advisors, an estimated $462K sold.
Based on aggregated 13F filings for Q1 2023.