Tessco Technologies Inc
TESS
TESS was delisted on the 14th of July, 2023.
42 hedge funds and large institutions have $23.6M invested in Tessco Technologies Inc in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 20 reducing their positions, and 14 closing their positions.
6% less capital invested
Capital invested by funds: $25.1M → $23.6M (-$1.51M)
14% less funds holding
Funds holding: 49 → 42 (-7)
40% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 20
50% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$277K |
| 2 |
Millennium Management
New York
|
+$205K |
| 3 |
Jane Street
New York
|
+$168K |
| 4 |
EGM
Engineers Gate Manager
New York
|
+$135K |
| 5 |
MAM
Marquette Asset Management
Minneapolis,
Minnesota
|
+$97.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$1.5M |
| 2 |
CM
Capital Management
Glen Allen,
Virginia
|
-$931K |
| 3 |
State Street
Boston,
Massachusetts
|
-$549K |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$413K |
| 5 |
SO
STRS Ohio
Columbus,
Ohio
|
-$369K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Victory Capital Management
San Antonio,
Texas
| – | -$10K | -1,954 | Closed |
|
52
Citigroup
New York
| – | -$8K | -1,726 | Closed |
|
|
PAM
53
Panagora Asset Management
Boston,
Massachusetts
| – | -$6.85K | -1,290 | -99% |
|
54
Legal & General Group
London,
United Kingdom
| – | -$5K | -1,018 | Closed |
|
|
AIP
55
Ameritas Investment Partners
Lincoln,
Nebraska
| – | -$3K | -546 | Closed |
|
56
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$1K | -181 | Closed |
|
TESS Hedge Fund Activity: Q2 2020 in Review
42 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Tessco Technologies Inc (TESS) for Q2 2020, worth a combined $23.6M — down 6% from $25.1M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of TESS and 7 opened new positions — a net loss of 7 holders — while 20 trimmed existing stakes and 12 added.
The largest buyer was Bridgeway Capital Management, adding an estimated $277K. The largest seller was BlackRock, cutting an estimated $1.5M.
- 42 institutional investors held Tessco Technologies Inc (TESS) as of Q2 2020, down from 49 in Q1 2020.
- Funds reported $23.6M of Tessco Technologies Inc stock for Q2 2020, down 6% quarter-over-quarter.
- 7 funds opened new Tessco Technologies Inc positions in Q2 2020 and 14 closed out, a net change of -7 holders.
- The largest Tessco Technologies Inc buyer in Q2 2020 was Bridgeway Capital Management, an estimated $277K added.
- The largest Tessco Technologies Inc seller in Q2 2020 was BlackRock, an estimated $1.5M sold.
Based on aggregated 13F filings for Q2 2020.