Tessco Technologies Inc
TESS
TESS was delisted on the 14th of July, 2023.
26 hedge funds and large institutions have $18M invested in Tessco Technologies Inc in 2021 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 7 closing their positions.
13% less capital invested
Capital invested by funds: $20.5M → $18M (-$2.57M)
16% less funds holding
Funds holding: 31 → 26 (-5)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Capital Management
Glen Allen,
Virginia
|
+$548K |
| 2 |
ERSOT
Employees Retirement System of Texas
Austin,
Texas
|
+$510K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$70.7K |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$60.2K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$53.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$531K |
| 2 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
-$376K |
| 3 |
Brown Advisory
Baltimore,
Maryland
|
-$310K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$272K |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$201K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ICM
26
Invenomic Capital Management
Boston,
Massachusetts
| – | -$376K | -61,138 | Closed |
|
|
27
Jacobs Levy Equity Management
Florham Park,
New Jersey
| – | -$201K | -32,618 | Closed |
|
28
Squarepoint
New York
| – | -$75K | -12,267 | Closed |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| – | -$4K | -634 | Closed |
|
30
UBS Group
Zurich,
Switzerland
| – | -$1K | -210 | Closed |
|
TESS Hedge Fund Activity: Q3 2021 in Review
26 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Tessco Technologies Inc (TESS) for Q3 2021, worth a combined $18M — down 13% from $20.5M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of TESS and 2 opened new positions — a net loss of 5 holders — while 9 trimmed existing stakes and 7 added.
The largest buyer was Capital Management, adding an estimated $548K. The largest seller was BlackRock, cutting an estimated $531K.
- 26 institutional investors held Tessco Technologies Inc (TESS) as of Q3 2021, down from 31 in Q2 2021.
- Funds reported $18M of Tessco Technologies Inc stock for Q3 2021, down 13% quarter-over-quarter.
- 2 funds opened new Tessco Technologies Inc positions in Q3 2021 and 7 closed out, a net change of -5 holders.
- The largest Tessco Technologies Inc buyer in Q3 2021 was Capital Management, an estimated $548K added.
- The largest Tessco Technologies Inc seller in Q3 2021 was BlackRock, an estimated $531K sold.
Based on aggregated 13F filings for Q3 2021.