Tessco Technologies Inc
TESS
TESS was delisted on the 14th of July, 2023.
49 hedge funds and large institutions have $25.1M invested in Tessco Technologies Inc in 2020 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 25 reducing their positions, and 11 closing their positions.
11% less funds holding
Funds holding: 55 → 49 (-6)
48% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 25
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
57% less capital invested
Capital invested by funds: $58.5M → $25.1M (-$33.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Capital Management
Glen Allen,
Virginia
|
+$3.24M |
| 2 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
+$949K |
| 3 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
+$441K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$330K |
| 5 |
SO
STRS Ohio
Columbus,
Ohio
|
+$184K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIC
Crawford Investment Counsel
Atlanta,
Georgia
|
-$1.6M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$1.36M |
| 3 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$502K |
| 4 |
Squarepoint
New York
|
-$461K |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$433K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WCM
51
Wedge Capital Management
Charlotte,
North Carolina
| – | -$502K | -44,702 | Closed |
|
|
52
Squarepoint
New York
| – | -$461K | -41,057 | Closed |
|
|
OAM
53
Oxford Asset Management
Oxford,
United Kingdom
| – | -$330K | -29,388 | Closed |
|
54
Russell Investments Group
London,
United Kingdom
| – | -$213K | -19,064 | Closed |
|
|
TI
55
Trexquant Investment
Stamford,
Connecticut
| – | -$200K | -17,796 | Closed |
|
|
PPA
56
Parametric Portfolio Associates
Seattle,
Washington
| – | -$150K | -13,338 | Closed |
|
57
Millennium Management
New York
| – | -$147K | -13,094 | Closed |
|
|
ZCM
58
Zebra Capital Management
Stamford,
Connecticut
| – | -$125K | -11,142 | Closed |
|
|
AA
59
Ancora Advisors
Cleveland,
Ohio
| – | -$7K | -660 | Closed |
|
|
AP
60
Americana Partners
Houston,
Texas
| – | -$4K | -402 | Closed |
|
TESS Hedge Fund Activity: Q1 2020 in Review
49 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Tessco Technologies Inc (TESS) for Q1 2020, worth a combined $25.1M — down 57% from $58.5M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of TESS and 5 opened new positions — a net loss of 6 holders — while 25 trimmed existing stakes and 13 added.
The largest buyer was Capital Management, adding an estimated $3.24M. The largest seller was Crawford Investment Counsel, cutting an estimated $1.6M.
- 49 institutional investors held Tessco Technologies Inc (TESS) as of Q1 2020, down from 55 in Q4 2019.
- Funds reported $25.1M of Tessco Technologies Inc stock for Q1 2020, down 57% quarter-over-quarter.
- 5 funds opened new Tessco Technologies Inc positions in Q1 2020 and 11 closed out, a net change of -6 holders.
- The largest Tessco Technologies Inc buyer in Q1 2020 was Capital Management, an estimated $3.24M added.
- The largest Tessco Technologies Inc seller in Q1 2020 was Crawford Investment Counsel, an estimated $1.6M sold.
Based on aggregated 13F filings for Q1 2020.