Tessco Technologies Inc
TESS
TESS was delisted on the 14th of July, 2023.
49 hedge funds and large institutions have $91.6M invested in Tessco Technologies Inc in 2018 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 22 increasing their positions, 18 reducing their positions, and 5 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 18
2% less funds holding
Funds holding: 50 → 49 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
23% less capital invested
Capital invested by funds: $119M → $91.6M (-$27.4M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$1.84M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$1.8M |
| 3 |
CIC
Crawford Investment Counsel
Atlanta,
Georgia
|
+$1.29M |
| 4 |
Renaissance Technologies
New York
|
+$1.21M |
| 5 |
2L
22NW LP
Seattle,
Washington
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$4.68M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
-$848K |
| 3 |
EI
EAM Investors
Solana Beach,
California
|
-$616K |
| 4 |
Goldman Sachs
New York
|
-$561K |
| 5 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$492K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Goldman Sachs
New York
| – | -$561K | -24,243 | Closed |
|
52
Cerity Partners
New York
| – | -$475K | -20,500 | Closed |
|
53
Barclays
London,
United Kingdom
| – | -$30K | -1,300 | Closed |
|
54
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$11K | -463 | Closed |
|
TESS Hedge Fund Activity: Q2 2018 in Review
49 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Tessco Technologies Inc (TESS) for Q2 2018, worth a combined $91.6M — down 23% from $119M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of TESS and 4 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 22 added.
The largest buyer was Putnam Investments, opening a new position worth an estimated $1.84M. The largest seller was Royal Bank of Canada, cutting an estimated $4.68M.
- 49 institutional investors held Tessco Technologies Inc (TESS) as of Q2 2018, down from 50 in Q1 2018.
- Funds reported $91.6M of Tessco Technologies Inc stock for Q2 2018, down 23% quarter-over-quarter.
- 4 funds opened new Tessco Technologies Inc positions in Q2 2018 and 5 closed out, a net change of -1 holder.
- The largest Tessco Technologies Inc buyer in Q2 2018 was Putnam Investments, an estimated $1.84M added.
- The largest Tessco Technologies Inc seller in Q2 2018 was Royal Bank of Canada, an estimated $4.68M sold.
Based on aggregated 13F filings for Q2 2018.