Tucows
TCX
62 hedge funds and large institutions have $114M invested in Tucows in 2025 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 6 closing their positions.
76% more call options, than puts
Call options by funds: $3.91M | Put options by funds: $2.22M
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
2% more funds holding
Funds holding: 61 → 62 (+1)
3% more capital inflows, than outflows
Capital inflows: $2.24M | Capital outflows: $2.17M
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.07% less ownership
Funds ownership: 55.64% → 55.57% (-0.07%)
10% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackhawk Capital Partners
Thiensville,
Wisconsin
|
+$1M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$325K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$240K |
| 4 |
Quantinno Capital Management
New York
|
+$207K |
| 5 |
Two Sigma Investments
New York
|
+$169K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$314K |
| 2 |
GSA Capital Partners
London,
United Kingdom
|
-$268K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$266K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$249K |
| 5 |
Goldman Sachs
New York
|
-$202K |
TCX Hedge Fund Activity: Q3 2025 in Review
62 of the 7,657 institutional investors tracked by Wall St. Rank reported a position in Tucows (TCX) for Q3 2025, worth a combined $114M — down 6.1% from $121M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new TCX positions and 6 closed out — a net gain of 1 holder — while 18 added to existing stakes and 20 trimmed.
The largest buyer was Blackhawk Capital Partners, opening a new position worth an estimated $1M. The largest seller was Citadel Advisors, cutting an estimated $314K.
- 62 institutional investors held Tucows (TCX) as of Q3 2025, up from 61 in Q2 2025.
- Funds reported $114M of Tucows stock for Q3 2025, down 6.1% quarter-over-quarter.
- 7 funds opened new Tucows positions in Q3 2025 and 6 closed out, a net change of +1 holder.
- The largest Tucows buyer in Q3 2025 was Blackhawk Capital Partners, an estimated $1M added.
- The largest Tucows seller in Q3 2025 was Citadel Advisors, an estimated $314K sold.
Based on aggregated 13F filings for Q3 2025.