Tessco Technologies Inc
TESS
TESS was delisted on the 14th of July, 2023.
55 hedge funds and large institutions have $58.5M invested in Tessco Technologies Inc in 2019 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 16 reducing their positions, and 8 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 16
2% less funds holding
Funds holding: 56 → 55 (-1)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
25% less capital invested
Capital invested by funds: $77.7M → $58.5M (-$19.2M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIC
Crawford Investment Counsel
Atlanta,
Georgia
|
+$360K |
| 2 |
TCM
Tieton Capital Management
Yakima,
Washington
|
+$259K |
| 3 |
TI
Trexquant Investment
Stamford,
Connecticut
|
+$226K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$169K |
| 5 |
Millennium Management
New York
|
+$166K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$3.14M |
| 2 |
Bank of New York Mellon
New York
|
-$1.03M |
| 3 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
-$577K |
| 4 |
CM
Capital Management
Glen Allen,
Virginia
|
-$418K |
| 5 |
DCM
Dupont Capital Management
Wilmington,
Delaware
|
-$300K |
TESS Hedge Fund Activity: Q4 2019 in Review
55 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Tessco Technologies Inc (TESS) for Q4 2019, worth a combined $58.5M — down 25% from $77.7M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of TESS and 7 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 24 added.
The largest buyer was Crawford Investment Counsel, adding an estimated $360K. The largest seller was DePrince Race & Zollo Inc (DRZ), cutting an estimated $3.14M.
- 55 institutional investors held Tessco Technologies Inc (TESS) as of Q4 2019, down from 56 in Q3 2019.
- Funds reported $58.5M of Tessco Technologies Inc stock for Q4 2019, down 25% quarter-over-quarter.
- 7 funds opened new Tessco Technologies Inc positions in Q4 2019 and 8 closed out, a net change of -1 holder.
- The largest Tessco Technologies Inc buyer in Q4 2019 was Crawford Investment Counsel, an estimated $360K added.
- The largest Tessco Technologies Inc seller in Q4 2019 was DePrince Race & Zollo Inc (DRZ), an estimated $3.14M sold.
Based on aggregated 13F filings for Q4 2019.