Tucows
TCX
85 hedge funds and large institutions have $304M invested in Tucows in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 29 increasing their positions, 27 reducing their positions, and 9 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 27
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
7% less call options, than puts
Call options by funds: $7.11M | Put options by funds: $7.63M
4% less funds holding
Funds holding: 89 → 85 (-4)
4.62% less ownership
Funds ownership: 60.74% → 56.12% (-4.6%)
28% less capital invested
Capital invested by funds: $420M → $304M (-$116M)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IFLIT
Investmentaktiengesellschaft Fuer Langfristige Investoren TGV
Bonn,
Germany
|
+$15.9M |
| 2 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
+$1.87M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.46M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.36M |
| 5 |
BlackRock
New York
|
+$1.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$38.6M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.32M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$2.64M |
| 4 |
MIM
Manitou Investment Management
Toronto,
Ontario, Canada
|
-$2.3M |
| 5 |
Renaissance Technologies
New York
|
-$1.75M |
TCX Hedge Fund Activity: Q3 2019 in Review
85 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Tucows (TCX) for Q3 2019, worth a combined $304M — down 28% from $420M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of TCX and 5 opened new positions — a net loss of 4 holders — while 27 trimmed existing stakes and 29 added.
The largest buyer was Investmentaktiengesellschaft Fuer Langfristige Investoren TGV, adding an estimated $15.9M. The largest seller was Brinker Capital Investments, exiting entirely with an estimated $38.6M sold.
- 85 institutional investors held Tucows (TCX) as of Q3 2019, down from 89 in Q2 2019.
- Funds reported $304M of Tucows stock for Q3 2019, down 28% quarter-over-quarter.
- 5 funds opened new Tucows positions in Q3 2019 and 9 closed out, a net change of -4 holders.
- The largest Tucows buyer in Q3 2019 was Investmentaktiengesellschaft Fuer Langfristige Investoren TGV, an estimated $15.9M added.
- The largest Tucows seller in Q3 2019 was Brinker Capital Investments, an estimated $38.6M sold.
Based on aggregated 13F filings for Q3 2019.