Tucows
TCX
70 hedge funds and large institutions have $136M invested in Tucows in 2025 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 33 reducing their positions, and 2 closing their positions.
400% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 2
19% more capital invested
Capital invested by funds: $114M → $136M (+$21.5M)
13% more funds holding
Funds holding: 62 → 70 (+8)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.79% less ownership
Funds ownership: 55.57% → 54.78% (-0.79%)
45% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 33
100% less call options, than puts
Call options by funds: $4K | Put options by funds: $2.38M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.24M |
| 2 |
Goldman Sachs
New York
|
+$458K |
| 3 |
Universal-Beteiligungs- und Servicegesellschaft
Frankfurt Am Main,
Germany
|
+$325K |
| 4 |
Jane Street
New York
|
+$300K |
| 5 |
Squarepoint
New York
|
+$221K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.29M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$354K |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$184K |
| 4 |
Two Sigma Investments
New York
|
-$141K |
| 5 |
Renaissance Technologies
New York
|
-$132K |
TCX Hedge Fund Activity: Q4 2025 in Review
70 of the 8,224 institutional investors tracked by Wall St. Rank reported a position in Tucows (TCX) for Q4 2025, worth a combined $136M — up 19% from $114M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new TCX positions and 2 closed out — a net gain of 8 holders — while 18 added to existing stakes and 33 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $1.24M. The largest seller was Royal Bank of Canada, cutting an estimated $3.29M.
- 70 institutional investors held Tucows (TCX) as of Q4 2025, up from 62 in Q3 2025.
- Funds reported $136M of Tucows stock for Q4 2025, up 19% quarter-over-quarter.
- 10 funds opened new Tucows positions in Q4 2025 and 2 closed out, a net change of +8 holders.
- The largest Tucows buyer in Q4 2025 was Susquehanna International Group, an estimated $1.24M added.
- The largest Tucows seller in Q4 2025 was Royal Bank of Canada, an estimated $3.29M sold.
Based on aggregated 13F filings for Q4 2025.