Tessco Technologies Inc
TESS
TESS was delisted on the 14th of July, 2023.
28 hedge funds and large institutions have $30.3M invested in Tessco Technologies Inc in 2023 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 8 increasing their positions, 4 reducing their positions, and 9 closing their positions.
159% more capital invested
Capital invested by funds: $11.7M → $30.3M (+$18.6M)
100% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 4
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
8% more funds holding
Funds holding: 26 → 28 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Beryl Capital Management
Redondo Beach,
California
|
+$7.08M |
| 2 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$1.93M |
| 3 |
CM
Crystalline Management
Montreal, Quebec,
Canada
|
+$1.66M |
| 4 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
+$992K |
| 5 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$399K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tieton Capital Management
Yakima,
Washington
|
-$2.17M |
| 2 |
EIM
Essex Investment Management
Boston,
Massachusetts
|
-$571K |
| 3 |
BlackRock
New York
|
-$365K |
| 4 |
MAM
Marquette Asset Management
Minneapolis,
Minnesota
|
-$195K |
| 5 |
MC
Moors & Cabot
Boston,
Massachusetts
|
-$140K |
TESS Hedge Fund Activity: Q2 2023 in Review
28 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Tessco Technologies Inc (TESS) for Q2 2023, worth a combined $30.3M — up 159% from $11.7M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new TESS positions and 9 closed out — a net gain of 2 holders — while 8 added to existing stakes and 4 trimmed.
The largest buyer was Beryl Capital Management, opening a new position worth an estimated $7.08M. The largest seller was Tieton Capital Management, exiting entirely with an estimated $2.17M sold.
- 28 institutional investors held Tessco Technologies Inc (TESS) as of Q2 2023, up from 26 in Q1 2023.
- Funds reported $30.3M of Tessco Technologies Inc stock for Q2 2023, up 159% quarter-over-quarter.
- 11 funds opened new Tessco Technologies Inc positions in Q2 2023 and 9 closed out, a net change of +2 holders.
- The largest Tessco Technologies Inc buyer in Q2 2023 was Beryl Capital Management, an estimated $7.08M added.
- The largest Tessco Technologies Inc seller in Q2 2023 was Tieton Capital Management, an estimated $2.17M sold.
Based on aggregated 13F filings for Q2 2023.