Tessco Technologies Inc
TESS
TESS was delisted on the 14th of July, 2023.
65 hedge funds and large institutions have $94.2M invested in Tessco Technologies Inc in 2019 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 18 increasing their positions, 22 reducing their positions, and 7 closing their positions.
214% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 7
30% more funds holding
Funds holding: 50 → 65 (+15)
22% more capital invested
Capital invested by funds: $77.3M → $94.2M (+$16.9M)
18% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 22
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Capital Management
Glen Allen,
Virginia
|
+$9.55M |
| 2 |
BlackRock
New York
|
+$6.95M |
| 3 |
State Street
Boston,
Massachusetts
|
+$1.3M |
| 4 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$928K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$808K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$7.78M |
| 2 |
2L
22NW LP
Seattle,
Washington
|
-$2.3M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.48M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.46M |
| 5 |
BLA
Balter Liquid Alternatives
Boston,
Massachusetts
|
-$1.06M |
TESS Hedge Fund Activity: Q2 2019 in Review
65 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Tessco Technologies Inc (TESS) for Q2 2019, worth a combined $94.2M — up 22% from $77.3M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new TESS positions and 7 closed out — a net gain of 15 holders — while 18 added to existing stakes and 22 trimmed.
The largest buyer was Capital Management, opening a new position worth an estimated $9.55M. The largest seller was DePrince Race & Zollo Inc (DRZ), cutting an estimated $7.78M.
- 65 institutional investors held Tessco Technologies Inc (TESS) as of Q2 2019, up from 50 in Q1 2019.
- Funds reported $94.2M of Tessco Technologies Inc stock for Q2 2019, up 22% quarter-over-quarter.
- 22 funds opened new Tessco Technologies Inc positions in Q2 2019 and 7 closed out, a net change of +15 holders.
- The largest Tessco Technologies Inc buyer in Q2 2019 was Capital Management, an estimated $9.55M added.
- The largest Tessco Technologies Inc seller in Q2 2019 was DePrince Race & Zollo Inc (DRZ), an estimated $7.78M sold.
Based on aggregated 13F filings for Q2 2019.