Tucows
TCX
61 hedge funds and large institutions have $121M invested in Tucows in 2025 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 17 increasing their positions, 29 reducing their positions, and 3 closing their positions.
143% more call options, than puts
Call options by funds: $4.51M | Put options by funds: $1.86M
16% more capital invested
Capital invested by funds: $104M → $121M (+$17.1M)
0% more funds holding
Funds holding: 61 → 61 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
0.29% less ownership
Funds ownership: 55.93% → 55.64% (-0.29%)
41% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.55M |
| 2 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$222K |
| 3 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
+$188K |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$124K |
| 5 |
Jane Street
New York
|
+$65.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$844K |
| 2 |
Goldman Sachs
New York
|
-$481K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$431K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$310K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
-$190K |
TCX Hedge Fund Activity: Q2 2025 in Review
61 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Tucows (TCX) for Q2 2025, worth a combined $121M — up 16% from $104M a quarter earlier.
Fund positioning in TCX was balanced in Q2 2025: 3 funds opened new positions, 3 closed out, 17 added to existing stakes and 29 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $2.55M. The largest seller was BlackRock, cutting an estimated $844K.
- 61 institutional investors held Tucows (TCX) as of Q2 2025, unchanged from Q1 2025.
- Funds reported $121M of Tucows stock for Q2 2025, up 16% quarter-over-quarter.
- 3 funds opened new Tucows positions in Q2 2025 and 3 closed out, a net change of 0 holders.
- The largest Tucows buyer in Q2 2025 was Royal Bank of Canada, an estimated $2.55M added.
- The largest Tucows seller in Q2 2025 was BlackRock, an estimated $844K sold.
Based on aggregated 13F filings for Q2 2025.