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61 hedge funds and large institutions have $104M invested in Tucows in 2025 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 19 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

3% more funds holding

Funds holding: 5961 (+2)

5% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 19

12.14% less ownership

Funds ownership: 68.07%55.93% (-12%)

18% less capital invested

Capital invested by funds: $128M → $104M (-$23.3M)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

97% less call options, than puts

Call options by funds: $59K | Put options by funds: $2.06M

Holders
61
Holders Change
+2
Holders Change %
+3.39%
% of All Funds
0.82%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
8
Increased
20
Reduced
19
Closed
6
Calls
$59K
Puts
$2.06M
Net Calls
-$2M
Net Calls Change
+$736K
Name Holding Trade Value Shares
Change
Change in
Stake
EIG
1
EdgePoint Investment Group
Ontario, Canada
$35.7M
BFM
2
Blacksheep Fund Management
Ireland
$18.4M +$3.27M +188,360 +21%
BlackRock
3
BlackRock
New York
$9.75M -$207K -11,894 -2%
Universal-Beteiligungs- und Servicegesellschaft
4
Universal-Beteiligungs- und Servicegesellschaft
Germany
$8.63M +$8.88M +510,989 New
Vanguard Group
5
Vanguard Group
Pennsylvania
$8.21M -$81.1K -4,671 -1%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$3.47M +$55K +3,165 +2%
State Street
7
State Street
Massachusetts
$3.11M -$178K -10,262 -5%
BBA
8
Baader Bank Aktiengesellschaft
Germany
$2.76M +$87 +5 +0%
Renaissance Technologies
9
Renaissance Technologies
New York
$2.58M -$55.6K -3,200 -2%
Charles Schwab
10
Charles Schwab
California
$1.34M -$22.3K -1,282 -2%
Northern Trust
11
Northern Trust
Illinois
$1.26M -$77K -4,432 -6%
Citadel Advisors
12
Citadel Advisors
Florida
$1M +$569K +32,762 +123%
KJHP
13
K.J. Harrison & Partners
Ontario, Canada
$760K
Morgan Stanley
14
Morgan Stanley
New York
$661K -$1.36M -78,551 -67%
GCP
15
GSA Capital Partners
United Kingdom
$645K +$367K +21,112 +124%
Goldman Sachs
16
Goldman Sachs
New York
$627K +$305K +17,539 +90%
Susquehanna International Group
17
Susquehanna International Group
Pennsylvania
$623K +$641K +36,924 New
D.E. Shaw & Co
18
D.E. Shaw & Co
New York
$554K +$154K +8,892 +37%
Connor, Clark & Lunn Investment Management (CC&L)
19
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$510K +$523K +30,100 New
N
20
Nuveen
North Carolina
$432K
Bank of New York Mellon
21
Bank of New York Mellon
New York
$345K -$16.7K -963 -4%
Invesco
22
Invesco
Georgia
$335K -$85.7K -4,934 -20%
BA
23
Bard Associates
Illinois
$333K
Jane Street
24
Jane Street
New York
$267K -$71.1K -4,093 -21%
Two Sigma Investments
25
Two Sigma Investments
New York
$223K +$230K +13,233 New

TCX Hedge Fund Activity: Q1 2025 in Review

61 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Tucows (TCX) for Q1 2025, worth a combined $104M — down 18% from $128M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new TCX positions and 6 closed out — a net gain of 2 holders — while 20 added to existing stakes and 19 trimmed.

The largest buyer was Universal-Beteiligungs- und Servicegesellschaft, opening a new position worth an estimated $8.88M. The largest seller was Morgan Stanley, cutting an estimated $1.36M.

  • 61 institutional investors held Tucows (TCX) as of Q1 2025, up from 59 in Q4 2024.
  • Funds reported $104M of Tucows stock for Q1 2025, down 18% quarter-over-quarter.
  • 8 funds opened new Tucows positions in Q1 2025 and 6 closed out, a net change of +2 holders.
  • The largest Tucows buyer in Q1 2025 was Universal-Beteiligungs- und Servicegesellschaft, an estimated $8.88M added.
  • The largest Tucows seller in Q1 2025 was Morgan Stanley, an estimated $1.36M sold.

Based on aggregated 13F filings for Q1 2025.