Tessco Technologies Inc
TESS
TESS was delisted on the 14th of July, 2023.
50 hedge funds and large institutions have $119M invested in Tessco Technologies Inc in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 17 increasing their positions, 17 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
23% more capital invested
Capital invested by funds: $97.1M → $119M (+$21.9M)
14% more funds holding
Funds holding: 44 → 50 (+6)
0% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$3.19M |
| 2 |
Millennium Management
New York
|
+$1.47M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
+$1.2M |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$1.18M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$747K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$2.26M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$639K |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$638K |
| 4 |
Renaissance Technologies
New York
|
-$500K |
| 5 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$306K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Fidelity Investments
Boston,
Massachusetts
| – | -$639K | -31,731 | Closed |
|
|
BLA
52
Balter Liquid Alternatives
Boston,
Massachusetts
| – | -$143K | -7,114 | Closed |
|
|
PCM
53
Prelude Capital Management
New York
| – | -$31K | -1,544 | Closed |
|
|
LTFS
54
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$17K | -830 | Closed |
|
|
MA
55
MUFG Americas
New York
| – | -$3K | -154 | Closed |
|
TESS Hedge Fund Activity: Q1 2018 in Review
50 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Tessco Technologies Inc (TESS) for Q1 2018, worth a combined $119M — up 23% from $97.1M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new TESS positions and 5 closed out — a net gain of 6 holders — while 17 added to existing stakes and 17 trimmed.
The largest buyer was Ancora Advisors, adding an estimated $3.19M. The largest seller was BlackRock, cutting an estimated $2.26M.
- 50 institutional investors held Tessco Technologies Inc (TESS) as of Q1 2018, up from 44 in Q4 2017.
- Funds reported $119M of Tessco Technologies Inc stock for Q1 2018, up 23% quarter-over-quarter.
- 11 funds opened new Tessco Technologies Inc positions in Q1 2018 and 5 closed out, a net change of +6 holders.
- The largest Tessco Technologies Inc buyer in Q1 2018 was Ancora Advisors, an estimated $3.19M added.
- The largest Tessco Technologies Inc seller in Q1 2018 was BlackRock, an estimated $2.26M sold.
Based on aggregated 13F filings for Q1 2018.