Tucows
TCX
84 hedge funds and large institutions have $524M invested in Tucows in 2021 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 25 increasing their positions, 34 reducing their positions, and 11 closing their positions.
8% more capital invested
Capital invested by funds: $486M → $524M (+$38.6M)
2.4% more ownership
Funds ownership: 58.46% → 60.86% (+2.4%)
6% less funds holding
Funds holding: 89 → 84 (-5)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
26% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 34
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFM
Blacksheep Fund Management
Co. Dublin,
Ireland
|
+$29.5M |
| 2 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
+$2.33M |
| 3 |
Morgan Stanley
New York
|
+$1.86M |
| 4 |
IFLIT
Investmentaktiengesellschaft Fuer Langfristige Investoren TGV
Bonn,
Germany
|
+$1.38M |
| 5 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$1.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$2.81M |
| 2 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$1.51M |
| 3 |
California Public Employees Retirement System
Sacramento,
California
|
-$1.49M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.45M |
| 5 |
Renaissance Technologies
New York
|
-$1.14M |
TCX Hedge Fund Activity: Q2 2021 in Review
84 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Tucows (TCX) for Q2 2021, worth a combined $524M — up 8% from $486M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of TCX and 7 opened new positions — a net loss of 4 holders — while 34 trimmed existing stakes and 25 added.
The largest buyer was Blacksheep Fund Management, adding an estimated $29.5M. The largest seller was BlackRock, cutting an estimated $2.81M.
- 84 institutional investors held Tucows (TCX) as of Q2 2021, down from 89 in Q1 2021.
- Funds reported $524M of Tucows stock for Q2 2021, up 8% quarter-over-quarter.
- 7 funds opened new Tucows positions in Q2 2021 and 11 closed out, a net change of -4 holders.
- The largest Tucows buyer in Q2 2021 was Blacksheep Fund Management, an estimated $29.5M added.
- The largest Tucows seller in Q2 2021 was BlackRock, an estimated $2.81M sold.
Based on aggregated 13F filings for Q2 2021.