Tessco Technologies Inc
TESS
TESS was delisted on the 14th of July, 2023.
26 hedge funds and large institutions have $10.9M invested in Tessco Technologies Inc in 2022 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 12 reducing their positions, and 4 closing their positions.
4% less funds holding
Funds holding: 27 → 26 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
36% less capital invested
Capital invested by funds: $17.1M → $10.9M (-$6.23M)
50% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$384K |
| 2 |
MAM
Marquette Asset Management
Minneapolis,
Minnesota
|
+$40.5K |
| 3 |
BlackRock
New York
|
+$33.8K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$22.7K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$17.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ERSOT
Employees Retirement System of Texas
Austin,
Texas
|
-$705K |
| 2 |
CM
Capital Management
Glen Allen,
Virginia
|
-$681K |
| 3 |
Renaissance Technologies
New York
|
-$233K |
| 4 |
Two Sigma Investments
New York
|
-$84K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$82K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Citadel Advisors
Miami,
Florida
| – | -$82K | -13,894 | Closed |
|
27
Osaic Holdings
Scottsdale,
Arizona
| – | -$2K | -283 | Closed |
|
|
MAM
28
Meeder Asset Management
Dublin,
Ohio
| – | -$664 | -128 | -74% |
|
|
HNB
29
Huntington National Bank
Columbus,
Ohio
| – | +$171 | +33 | New |
|
TESS Hedge Fund Activity: Q3 2022 in Review
26 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Tessco Technologies Inc (TESS) for Q3 2022, worth a combined $10.9M — down 36% from $17.1M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of TESS and 3 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 6 added.
The largest buyer was Bridgeway Capital Management, adding an estimated $384K. The largest seller was Employees Retirement System of Texas, exiting entirely with an estimated $705K sold.
- 26 institutional investors held Tessco Technologies Inc (TESS) as of Q3 2022, down from 27 in Q2 2022.
- Funds reported $10.9M of Tessco Technologies Inc stock for Q3 2022, down 36% quarter-over-quarter.
- 3 funds opened new Tessco Technologies Inc positions in Q3 2022 and 4 closed out, a net change of -1 holder.
- The largest Tessco Technologies Inc buyer in Q3 2022 was Bridgeway Capital Management, an estimated $384K added.
- The largest Tessco Technologies Inc seller in Q3 2022 was Employees Retirement System of Texas, an estimated $705K sold.
Based on aggregated 13F filings for Q3 2022.