Tucows
TCX
89 hedge funds and large institutions have $420M invested in Tucows in 2019 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 33 increasing their positions, 27 reducing their positions, and 19 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 27
1.89% more ownership
Funds ownership: 58.85% → 60.74% (+1.9%)
10% less funds holding
Funds holding: 99 → 89 (-10)
18% less capital invested
Capital invested by funds: $511M → $420M (-$91.5M)
26% less call options, than puts
Call options by funds: $10.4M | Put options by funds: $14M
42% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 19
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IFLIT
Investmentaktiengesellschaft Fuer Langfristige Investoren TGV
Bonn,
Germany
|
+$5.57M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$4.6M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$4.54M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.16M |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$3.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EGI
EAM Global Investors
Solana Beach,
California
|
-$3.88M |
| 2 |
LPL Financial
San Diego,
California
|
-$2.36M |
| 3 |
Morgan Stanley
New York
|
-$1.97M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.82M |
| 5 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$1.76M |
TCX Hedge Fund Activity: Q2 2019 in Review
89 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Tucows (TCX) for Q2 2019, worth a combined $420M — down 18% from $511M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of TCX and 11 opened new positions — a net loss of 8 holders — while 27 trimmed existing stakes and 33 added.
The largest buyer was Investmentaktiengesellschaft Fuer Langfristige Investoren TGV, adding an estimated $5.57M. The largest seller was EAM Global Investors, exiting entirely with an estimated $3.88M sold.
- 89 institutional investors held Tucows (TCX) as of Q2 2019, down from 99 in Q1 2019.
- Funds reported $420M of Tucows stock for Q2 2019, down 18% quarter-over-quarter.
- 11 funds opened new Tucows positions in Q2 2019 and 19 closed out, a net change of -8 holders.
- The largest Tucows buyer in Q2 2019 was Investmentaktiengesellschaft Fuer Langfristige Investoren TGV, an estimated $5.57M added.
- The largest Tucows seller in Q2 2019 was EAM Global Investors, an estimated $3.88M sold.
Based on aggregated 13F filings for Q2 2019.