undamentalytics Newsletter

Tucows Inc: which funds bought and sold

Institutions that bought and sold Tucows shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 39 institutions that filed 13F reports for both quarters added to or opened positions in Tucows, and 25 cut or closed them. Together they added a net 148K shares, +2.4% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 29K shares (+1.3%); index fund managers were net buyers of 45K shares (+3.0%). 8 opened a new position and 8 sold out entirely.

Bought, Q2 2026 39 institutions, 8 of them new holders Sold, Q2 2026 25 institutions, 8 of them sold out
Net change, all compared +148K shares (+2.4%)
Net change, active managers +29K shares (+1.3%), 4 bought, 2 sold

Buyers versus sellers

institutions compared, 75
Active managers and hedge funds 4 bought · 2 sold · +29K
Index fund managers 6 bought · 3 sold · +45K
Other institutions 29 bought · 20 sold · +74K

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Quantinno Capital Management LP +53K +265.9% 73K $979,161
Blackrock, Inc. Index funds +46K +8.9% 562K $7.6M
AQR Capital Management LLC Hedge fund +32K +239.0% 46K $614,717
Dimensional Fund Advisors LP +18K New position 18K $236,210
Morgan Stanley +15K +63.4% 39K $519,564
Universal- Beteiligungs- Und Servicegesellschaft Mbh +12K +2.2% 546K $7.4M
D. E. Shaw & Co., Inc. Hedge fund +9,426 +25.5% 46K $624,119
Vanguard Portfolio Management LLC Index funds +7,813 +19.9% 47K $633,373
FMR LLC Active manager +5,749 +294.5% 7,701 $103,738
Versant Capital Management, Inc +5,316 New position 5,316 $71,607
Citigroup Inc +3,972 +1245.1% 4,291 $57,800
Arax Advisory Partners +3,256 +325600.0% 3,257 $43,872
Wells Fargo & Company +2,757 +87.4% 5,911 $79,621
UBS Group AG +2,461 +157.8% 4,021 $54,163
Russell Investments Group, Ltd. +2,264 +2.0% 115K $1.5M
State Street Corp Index funds +2,034 +1.1% 187K $2.5M
Charles Schwab Investment Management Inc Index funds +2,033 +2.9% 73K $979,175
Blackhawk Capital Partners, LLC +1,400 +2.3% 63K $855,049
Royal Bank Of Canada +816 +12.7% 7,238 $97,000
Vanguard Fiduciary Trust Co Index funds +754 +1.4% 56K $756,179

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Susquehanna International Group, LLP −32K Sold out 0 —
Citadel Advisors LLC Hedge fund −11K −49.7% 12K $156,508
Vanguard Capital Management LLC Index funds −9,444 −2.6% 352K $4.7M
Goldman Sachs Group Inc −7,243 −25.5% 21K $285,052
Renaissance Technologies LLC Hedge fund −6,900 −5.1% 129K $1.7M
Northern Trust Corp Index funds −3,752 −5.8% 60K $814,598
K.J. Harrison & Partners Inc −3,000 −8.7% 32K $426,608
Barclays PLC −1,289 −55.1% 1,052 $14,170
Tower Research Capital LLC (TRC) −696 −41.2% 994 $13,389
Geode Capital Management, LLC Index funds −654 −0.3% 198K $2.7M
Bard Associates Inc −550 Sold out 0 —
Connor, Clark & Lunn Investment Management Ltd. −500 −2.5% 20K $264,135
BNP Paribas Financial Markets −402 −26.2% 1,133 $15,262
California State Teachers Retirement System −269 −73.9% 95 $1,280
Osaic Holdings, Inc. −200 Sold out 0 —
National Bank Of Canada −167 −29.2% 405 $6,659
Essential Partners LLC −101 −77.7% 29 $391
Sterling Capital Management LLC −85 −43.4% 111 $1,495
Baader Bank Aktiengesellschaft −70 0.0% 163K $2.2M
NISA Investment Advisors, LLC −40 Sold out 0 —

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
69
Ten largest holders
86.4%
of 13F-reported shares
Index fund managers
24.3%
of 13F-reported shares
Active managers and hedge funds
37.3%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 4 2 0 0 +29K +1.3%
Index fund managers 6 3 0 0 +45K +3.0%
Other institutions 29 20 8 8 +74K +3.3%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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