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TESS

Tessco Technologies Inc
TESS

Delisted

TESS was delisted on the 14th of July, 2023.

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55 hedge funds and large institutions have $82.5M invested in Tessco Technologies Inc in 2016 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 21 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 4

10% more funds holding

Funds holding: 50 → 55 (+5)

15% less capital invested

Capital invested by funds: $97.2M → $82.5M (-$14.7M)

38% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 21

Holders
55
Holders Change
+5
Holders Change %
+10%
% of All Funds
1.47%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
13
Reduced
21
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GIP
Granite Investment Partners
California
+$1.26M
2
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$931K
3
TCM
Tieton Capital Management
Washington
+$676K
4
UBS Group
UBS Group
Switzerland
+$343K
5
Goldman Sachs
Goldman Sachs
New York
+$303K

Top Sellers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$991K
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$970K
3
RA
Royce & Associates
New York
-$580K
4
GCP
GSA Capital Partners
United Kingdom
-$358K
5
Wells Fargo
Wells Fargo
California
-$307K
Name Holding Trade Value Shares
Change 		Change in
Stake
EGA
26
Eagle Global Advisors
Texas
$238K +$249K +14,274 New
BFA
27
BlackRock Fund Advisors
California
$234K -$19.1K -1,099 -7%
CS
28
Credit Suisse
Switzerland
$195K +$203K +11,672 New
Millennium Management
29
Millennium Management
New York
$189K -$50.2K -2,882 -20%
RC
30
RBF Capital
California
$179K – – –
CCMH
31
Cornerstone Capital Management Holdings
New York
$143K -$60.9K -3,500 -29%
SCM
32
Segantii Capital Management
Hong Kong
$140K +$145K +8,307 New
Deutsche Bank
33
Deutsche Bank
Germany
$130K -$162K -9,289 -54%
PCM
34
Prelude Capital Management
New York
$53K -$50.5K -2,900 -48%
JP Morgan Chase
35
JP Morgan Chase
New York
$49K +$51.4K +2,955 New
Envestnet Asset Management
36
Envestnet Asset Management
Illinois
$33K +$4.39K +252 +15%
BGIM
37
Brandywine Global Investment Management
Pennsylvania
$33K +$34.1K +1,958 New
NFA
38
Nationwide Fund Advisors
Ohio
$32K – – –
BIM
39
BlackRock Investment Management
Delaware
$17K – – –
Wells Fargo
40
Wells Fargo
California
$13K -$307K -17,619 -96%
TRCT
41
Tower Research Capital (TRC)
New York
$12K +$12.2K +698 +69,800%
AIG
42
American International Group
New York
$11K – – –
OSAM
43
O'Shaughnessy Asset Management
Connecticut
$9K +$3.81K +219 +76%
Bank of America
44
Bank of America
North Carolina
$7K -$2.37K -136 -23%
MA
45
MUFG Americas
New York
$6K -$4.53K -260 -43%
TDC
46
Thompson Davis & Co
Virginia
$4K – – –
DA
47
Denali Advisors
California
$3K – – –
Citigroup
48
Citigroup
New York
$3K +$2.63K +151 +270%
Barclays
49
Barclays
United Kingdom
$3K +$3.48K +200 New
MFS
50
MSI Financial Services
Massachusetts
$2K – – –
1
2
3

TESS Hedge Fund Activity: Q1 2016 in Review

55 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Tessco Technologies Inc (TESS) for Q1 2016, worth a combined $82.5M — down 15% from $97.2M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new TESS positions and 4 closed out — a net gain of 5 holders — while 13 added to existing stakes and 21 trimmed.

The largest buyer was Granite Investment Partners, opening a new position worth an estimated $1.26M. The largest seller was Royal Bank of Canada, cutting an estimated $991K.

  • 55 institutional investors held Tessco Technologies Inc (TESS) as of Q1 2016, up from 50 in Q4 2015.
  • Funds reported $82.5M of Tessco Technologies Inc stock for Q1 2016, down 15% quarter-over-quarter.
  • 9 funds opened new Tessco Technologies Inc positions in Q1 2016 and 4 closed out, a net change of +5 holders.
  • The largest Tessco Technologies Inc buyer in Q1 2016 was Granite Investment Partners, an estimated $1.26M added.
  • The largest Tessco Technologies Inc seller in Q1 2016 was Royal Bank of Canada, an estimated $991K sold.

Based on aggregated 13F filings for Q1 2016.