Tessco Technologies Inc
TESS
TESS was delisted on the 14th of July, 2023.
50 hedge funds and large institutions have $69.8M invested in Tessco Technologies Inc in 2016 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 21 increasing their positions, 13 reducing their positions, and 8 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 13
9% less funds holding
Funds holding: 55 → 50 (-5)
15% less capital invested
Capital invested by funds: $82.5M → $69.8M (-$12.7M)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$2.53M |
| 2 |
Renaissance Technologies
New York
|
+$642K |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$341K |
| 4 |
EGA
Eagle Global Advisors
Houston,
Texas
|
+$277K |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$229K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$1.57M |
| 2 |
GIP
Granite Investment Partners
El Segundo,
California
|
-$1.21M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$308K |
| 4 |
Goldman Sachs
New York
|
-$290K |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$195K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GIP
51
Granite Investment Partners
El Segundo,
California
| – | -$1.21M | -72,579 | Closed |
|
|
52
Goldman Sachs
New York
| – | -$290K | -17,422 | Closed |
|
|
CS
53
Credit Suisse
Zurich,
Switzerland
| – | -$195K | -11,672 | Closed |
|
54
Millennium Management
New York
| – | -$189K | -11,352 | Closed |
|
|
SCM
55
Segantii Capital Management
Hong Kong
| – | -$140K | -8,307 | Closed |
|
|
BGIM
56
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
| – | -$33K | -1,958 | Closed |
|
|
AIG
57
American International Group
New York
| – | -$11K | -656 | Closed |
|
58
Barclays
London,
United Kingdom
| – | -$3K | -200 | Closed |
|
TESS Hedge Fund Activity: Q2 2016 in Review
50 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Tessco Technologies Inc (TESS) for Q2 2016, worth a combined $69.8M — down 15% from $82.5M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of TESS and 4 opened new positions — a net loss of 4 holders — while 13 trimmed existing stakes and 21 added.
The largest buyer was DePrince Race & Zollo Inc (DRZ), adding an estimated $2.53M. The largest seller was Royce & Associates, cutting an estimated $1.57M.
- 50 institutional investors held Tessco Technologies Inc (TESS) as of Q2 2016, down from 55 in Q1 2016.
- Funds reported $69.8M of Tessco Technologies Inc stock for Q2 2016, down 15% quarter-over-quarter.
- 4 funds opened new Tessco Technologies Inc positions in Q2 2016 and 8 closed out, a net change of -4 holders.
- The largest Tessco Technologies Inc buyer in Q2 2016 was DePrince Race & Zollo Inc (DRZ), an estimated $2.53M added.
- The largest Tessco Technologies Inc seller in Q2 2016 was Royce & Associates, an estimated $1.57M sold.
Based on aggregated 13F filings for Q2 2016.