Tucows
TCX
87 hedge funds and large institutions have $294M invested in Tucows in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 24 increasing their positions, 31 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
9% more funds holding
Funds holding: 80 → 87 (+7)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
4% less ownership
Funds ownership: 60.46% → 56.45% (-4%)
23% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 31
30% less capital invested
Capital invested by funds: $420M → $294M (-$125M)
70% less call options, than puts
Call options by funds: $1.62M | Put options by funds: $5.37M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFM
Blacksheep Fund Management
Co. Dublin,
Ireland
|
+$7.38M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.34M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$2.07M |
| 4 |
MIM
Manitou Investment Management
Toronto,
Ontario, Canada
|
+$1.64M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$1.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$23.7M |
| 2 |
OP
Osmium Partners
Greenbrae,
California
|
-$5.3M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$2.81M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.93M |
| 5 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
-$1.73M |
TCX Hedge Fund Activity: Q1 2020 in Review
87 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Tucows (TCX) for Q1 2020, worth a combined $294M — down 30% from $420M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new TCX positions and 6 closed out — a net gain of 8 holders — while 24 added to existing stakes and 31 trimmed.
The largest buyer was Blacksheep Fund Management, adding an estimated $7.38M. The largest seller was T. Rowe Price Associates, cutting an estimated $23.7M.
- 87 institutional investors held Tucows (TCX) as of Q1 2020, up from 80 in Q4 2019.
- Funds reported $294M of Tucows stock for Q1 2020, down 30% quarter-over-quarter.
- 14 funds opened new Tucows positions in Q1 2020 and 6 closed out, a net change of +8 holders.
- The largest Tucows buyer in Q1 2020 was Blacksheep Fund Management, an estimated $7.38M added.
- The largest Tucows seller in Q1 2020 was T. Rowe Price Associates, an estimated $23.7M sold.
Based on aggregated 13F filings for Q1 2020.