Tessco Technologies Inc
TESS
TESS was delisted on the 14th of July, 2023.
29 hedge funds and large institutions have $26.6M invested in Tessco Technologies Inc in 2021 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 12 reducing their positions, and 8 closing their positions.
12% more capital invested
Capital invested by funds: $23.7M → $26.6M (+$2.91M)
12% less funds holding
Funds holding: 33 → 29 (-4)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
50% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
2L
22NW LP
Seattle,
Washington
|
+$2.85M |
| 2 |
MC
Moors & Cabot
Boston,
Massachusetts
|
+$594K |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$331K |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$231K |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$44.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Capital Management
Glen Allen,
Virginia
|
-$1.82M |
| 2 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
-$1.06M |
| 3 |
BlackRock
New York
|
-$867K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$229K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$140K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Invesco
Atlanta,
Georgia
| – | -$229K | -36,634 | Closed |
|
27
Goldman Sachs
New York
| – | -$98K | -15,629 | Closed |
|
28
Squarepoint
New York
| – | -$95K | -15,207 | Closed |
|
29
Stifel Financial
St. Louis,
Missouri
| – | -$94K | -15,100 | Closed |
|
30
Millennium Management
New York
| – | -$80K | -12,774 | Closed |
|
|
CIC
31
Crawford Investment Counsel
Atlanta,
Georgia
| – | -$73K | -11,740 | Closed |
|
32
Barclays
London,
United Kingdom
| – | -$50K | -7,998 | Closed |
|
33
Bank of America
Charlotte,
North Carolina
| – | -$53.4K | -6,996 | -100% |
|
|
KC
34
Kinloch Capital
Glen Allen,
Virginia
| – | -$6K | -1,000 | Closed |
|
35
Wells Fargo
San Francisco,
California
| – | +$15 | +2 | +2% |
|
36
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | +$221 | +29 | New |
|
TESS Hedge Fund Activity: Q1 2021 in Review
29 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Tessco Technologies Inc (TESS) for Q1 2021, worth a combined $26.6M — up 12% from $23.7M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of TESS and 4 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 6 added.
The largest buyer was 22NW LP, opening a new position worth an estimated $2.85M. The largest seller was Capital Management, cutting an estimated $1.82M.
- 29 institutional investors held Tessco Technologies Inc (TESS) as of Q1 2021, down from 33 in Q4 2020.
- Funds reported $26.6M of Tessco Technologies Inc stock for Q1 2021, up 12% quarter-over-quarter.
- 4 funds opened new Tessco Technologies Inc positions in Q1 2021 and 8 closed out, a net change of -4 holders.
- The largest Tessco Technologies Inc buyer in Q1 2021 was 22NW LP, an estimated $2.85M added.
- The largest Tessco Technologies Inc seller in Q1 2021 was Capital Management, an estimated $1.82M sold.
Based on aggregated 13F filings for Q1 2021.