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68 hedge funds and large institutions have $104M invested in Tucows in 2026 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 26 increasing their positions, 24 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 24

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 11

0.28% less ownership

Funds ownership: 54.78%54.5% (-0.28%)

3% less funds holding

Funds holding: 7068 (-2)

23% less capital invested

Capital invested by funds: $136M → $104M (-$31.4M)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $623K

Holders
68
Holders Change
-2
Holders Change %
-2.86%
% of All Funds
0.84%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
11
Increased
26
Reduced
24
Closed
11
Calls
Puts
$623K
Net Calls
-$623K
Net Calls Change
+$1.76M
Name Holding Trade Value Shares
Change
Change in
Stake
EIG
1
EdgePoint Investment Group
Ontario, Canada
$36.4M
BFM
2
Blacksheep Fund Management
Ireland
$18.7M
Universal-Beteiligungs- und Servicegesellschaft
3
Universal-Beteiligungs- und Servicegesellschaft
Germany
$9.16M +$135K +6,884 +1%
BlackRock
4
BlackRock
New York
$8.86M -$138K -7,016 -1%
VCM
5
Vanguard Capital Management
Pennsylvania
$6.2M +$7.1M +361,244 New
Geode Capital Management
6
Geode Capital Management
Massachusetts
$3.41M +$266K +13,544 +7%
State Street
7
State Street
Massachusetts
$3.17M +$79.8K +4,060 +2%
BBA
8
Baader Bank Aktiengesellschaft
Germany
$2.8M +$1.06K +54 +0%
Renaissance Technologies
9
Renaissance Technologies
New York
$2.33M -$78.6K -4,000 -3%
Russell Investments Group
10
Russell Investments Group
United Kingdom
$1.93M +$2.19M +111,438 +11,706%
Charles Schwab
11
Charles Schwab
California
$1.21M -$39.9K -2,029 -3%
Northern Trust
12
Northern Trust
Illinois
$1.1M +$100K +5,107 +9%
BCP
13
Blackhawk Capital Partners
Wisconsin
$1.07M +$224K +11,385 +22%
VFT
14
Vanguard Fiduciary Trust
Pennsylvania
$950K +$1.09M +55,384 New
VPM
15
Vanguard Portfolio Management
Pennsylvania
$673K +$771K +39,208 New
D.E. Shaw & Co
16
D.E. Shaw & Co
New York
$633K +$42.2K +2,149 +6%
KJHP
17
K.J. Harrison & Partners
Ontario, Canada
$595K -$9.83K -500 -1%
Susquehanna International Group
18
Susquehanna International Group
Pennsylvania
$557K -$564K -28,674 -47%
Goldman Sachs
19
Goldman Sachs
New York
$487K +$115K +5,852 +26%
Morgan Stanley
20
Morgan Stanley
New York
$405K -$225K -11,429 -33%
Citadel Advisors
21
Citadel Advisors
Florida
$396K -$296K -15,078 -40%
GCP
22
GSA Capital Partners
United Kingdom
$363K -$8.84K -450 -2%
Connor, Clark & Lunn Investment Management (CC&L)
23
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$344K -$155K -7,862 -28%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$342K +$7.86K +400 +2%
QCM
25
Quantinno Capital Management
New York
$341K +$26.3K +1,339 +7%

TCX Hedge Fund Activity: Q1 2026 in Review

68 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Tucows (TCX) for Q1 2026, worth a combined $104M — down 23% from $136M a quarter earlier.

Fund positioning in TCX was balanced in Q1 2026: 11 funds opened new positions, 11 closed out, 26 added to existing stakes and 24 trimmed.

The largest buyer was Russell Investments Group, adding an estimated $2.19M. The largest seller was Jane Street, exiting entirely with an estimated $822K sold.

  • 68 institutional investors held Tucows (TCX) as of Q1 2026, down from 70 in Q4 2025.
  • Funds reported $104M of Tucows stock for Q1 2026, down 23% quarter-over-quarter.
  • 11 funds opened new Tucows positions in Q1 2026 and 11 closed out, a net change of 0 holders.
  • The largest Tucows buyer in Q1 2026 was Russell Investments Group, an estimated $2.19M added.
  • The largest Tucows seller in Q1 2026 was Jane Street, an estimated $822K sold.

Based on aggregated 13F filings for Q1 2026.