Tucows
TCX
61 hedge funds and large institutions have $150M invested in Tucows in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 24 increasing their positions, 25 reducing their positions, and 12 closing their positions.
7,110% more call options, than puts
Call options by funds: $721K | Put options by funds: $10K
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 25
5.94% less ownership
Funds ownership: 77.39% → 71.45% (-5.9%)
13% less funds holding
Funds holding: 70 → 61 (-9)
48% less capital invested
Capital invested by funds: $288M → $150M (-$138M)
67% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$8.24M |
| 2 |
IFLIT
Investmentaktiengesellschaft Fuer Langfristige Investoren TGV
Bonn,
Germany
|
+$2.16M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$1.04M |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$505K |
| 5 |
Millennium Management
New York
|
+$401K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$9.38M |
| 2 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
-$9.19M |
| 3 |
BFM
Blacksheep Fund Management
Co. Dublin,
Ireland
|
-$4.79M |
| 4 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$4.76M |
| 5 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$1.76M |
TCX Hedge Fund Activity: Q1 2023 in Review
61 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Tucows (TCX) for Q1 2023, worth a combined $150M — down 48% from $288M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of TCX and 4 opened new positions — a net loss of 8 holders — while 25 trimmed existing stakes and 24 added.
The largest buyer was EdgePoint Investment Group, adding an estimated $8.24M. The largest seller was Fidelity Investments, cutting an estimated $9.38M.
- 61 institutional investors held Tucows (TCX) as of Q1 2023, down from 70 in Q4 2022.
- Funds reported $150M of Tucows stock for Q1 2023, down 48% quarter-over-quarter.
- 4 funds opened new Tucows positions in Q1 2023 and 12 closed out, a net change of -8 holders.
- The largest Tucows buyer in Q1 2023 was EdgePoint Investment Group, an estimated $8.24M added.
- The largest Tucows seller in Q1 2023 was Fidelity Investments, an estimated $9.38M sold.
Based on aggregated 13F filings for Q1 2023.