TUCOWS INC /PA/ - Class A Stock (TCX) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Class A Stock
Symbol
TCX on Nasdaq
Shares outstanding
11,046,438
Price per share
$22.51
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
6,082,899
Total reported value
$135,574,047
% of total 13F portfolios
0%
Share change
-73,809
Value change
-$1,655,293
Number of holders
69
Price from insider filings
$22.51
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of TUCOWS INC /PA/ - Class A Stock (TCX) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Rentrop Norman 13% $22,982,518 1,413,439 Norman Rentrop 30 Dec 2024
Blacksheep Fund Management Ltd 9.9% $17,755,676 1,091,985 Blacksheep Fund Management Ltd. 31 Mar 2025
Monega Kapitalanlagegesellschaft mbH 5.4% $9,774,780 601,155 Monega Kapitalanlagegesellschaft mbH 31 Mar 2025
BlackRock, Inc. 4.8% $10,450,814 530,229 BlackRock, Inc. 30 Jun 2025
VANGUARD GROUP INC 4.5% $7,984,343 491,042 The Vanguard Group 31 Dec 2024

As of 31 Dec 2025, 69 institutional investors reported holding 6,082,899 shares of TUCOWS INC /PA/ - Class A Stock (TCX). This represents 55% of the company’s total 11,046,438 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of TUCOWS INC /PA/ - Class A Stock (TCX) together control 54% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
EdgePoint Investment Group Inc. 19% 2,118,575 0% 0.39% $46,924,333
Blacksheep Fund Management Ltd 9.9% 1,091,985 0% 10% $24,482,304
Universal- Beteiligungs- und Servicegesellschaft mbH 4.8% 526,989 +3.1% 0.02% $11,588,489
BlackRock, Inc. 4.7% 523,179 -0.1% 0% $11,729,673
VANGUARD GROUP INC 4.2% 464,026 -3.6% 0% $10,403,463
GEODE CAPITAL MANAGEMENT, LLC 1.7% 185,006 -0.18% 0% $4,149,153
STATE STREET CORP 1.6% 180,424 -0.15% 0% $4,045,106
Baader Bank Aktiengesellschaft 1.5% 163,216 +0.01% 0.3% $3,659,165
RENAISSANCE TECHNOLOGIES LLC 1.3% 139,851 -4.4% 0% $3,135,459
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.66% 72,689 -0.08% 0% $1,629,687
SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.55% 61,105 0% $1,369,974
NORTHERN TRUST CORP 0.54% 59,120 -2.7% 0% $1,325,470
Blackhawk Capital Partners, LLC 0.46% 50,693 -1.8% 0.43% $1,136,537
CITADEL ADVISORS LLC 0.35% 38,168 +13% 0% $855,727
JANE STREET GROUP, LLC 0.33% 36,649 +67% 0% $821,670
K.J. Harrison & Partners Inc 0.32% 35,171 -15% 0.1% $788,534
MORGAN STANLEY 0.32% 35,034 -2.9% 0% $785,462
D. E. Shaw & Co., Inc. 0.31% 34,759 +9.6% 0% $779,297
Connor, Clark & Lunn Investment Management Ltd. 0.25% 27,862 -24% 0% $617,116
GOLDMAN SACHS GROUP INC 0.2% 22,553 0% $505,638
GSA CAPITAL PARTNERS LLP 0.2% 21,576 -19% 0.04% $484,000
Bank of New York Mellon Corp 0.18% 19,526 -2.5% 0% $437,773
Quantinno Capital Management LP 0.17% 18,528 +74% 0% $415,398
Nuveen, LLC 0.15% 16,812 -12% 0% $376,925
TWO SIGMA INVESTMENTS, LP 0.12% 12,714 -35% 0% $285,048

Institutional Holders of TUCOWS INC /PA/ - Class A Stock (TCX) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 6,082,899 $135,574,047 -$1,655,293 $22.42 69
2025 Q3 6,156,505 $114,044,935 +$16,618 $18.56 60
2025 Q2 6,152,330 $121,392,379 -$315,838 $19.71 60
2025 Q1 6,169,232 $104,272,164 -$21,681,619 $16.88 61
2024 Q4 7,495,005 $127,548,419 -$3,495,773 $17.14 59
2024 Q3 7,685,750 $160,236,935 -$740,571 $20.89 60
2024 Q2 7,728,251 $149,024,416 -$4,251,276 $19.32 60
2024 Q1 7,933,344 $146,979,448 -$2,169,670 $18.56 55
2023 Q4 8,007,024 $216,288,435 +$2,833,745 $27.00 60
2023 Q3 7,901,416 $161,066,138 -$3,946,371 $20.41 58
2023 Q2 8,061,125 $223,349,863 +$9,698,237 $27.74 62
2023 Q1 7,737,885 $150,486,595 -$8,970,895 $19.45 61
2022 Q4 8,010,776 $272,632,338 +$9,242,145 $33.92 70
2022 Q3 8,111,463 $309,091,589 +$8,489,816 $37.41 71
2022 Q2 7,861,971 $353,900,466 +$12,085,641 $44.51 80
2022 Q1 7,121,300 $486,086,881 +$30,015,328 $68.30 78
2021 Q4 6,678,271 $559,774,394 +$22,782,501 $83.82 79
2021 Q3 6,339,912 $500,681,869 +$14,174,866 $78.95 73
2021 Q2 6,157,909 $494,766,758 +$24,191,063 $80.32 80
2021 Q1 5,935,803 $459,987,480 +$5,234,060 $77.50 87
2020 Q4 5,875,276 $434,047,262 +$15,865,365 $73.89 84
2020 Q3 5,572,653 $383,927,692 +$13,132,394 $68.90 85
2020 Q2 5,486,175 $314,506,656 -$9,887,862 $57.32 79
2020 Q1 5,995,300 $294,384,844 -$19,386,146 $48.26 85
2019 Q4 5,630,302 $347,985,203 +$2,899,688 $61.78 76
2019 Q3 5,206,886 $281,987,633 -$32,198,585 $54.16 79
2019 Q2 5,716,755 $348,811,395 +$10,032,231 $61.02 85
2019 Q1 6,261,784 $511,427,004 +$14,305,598 $81.18 99
2018 Q4 5,835,949 $350,441,405 +$31,860,175 $60.06 86
2018 Q3 5,434,795 $302,892,764 +$2,846,149 $55.75 92
2018 Q2 5,400,021 $327,375,771 -$648,111 $60.65 92
2018 Q1 5,862,028 $334,396,631 +$12,984,346 $56.00 82
2017 Q4 5,573,863 $394,679,469 -$10,417,363 $70.05 83
2017 Q3 5,331,555 $312,129,214 +$47,832,876 $58.55 80
2017 Q2 4,530,535 $241,322,008 +$82,543,353 $53.49 74
2017 Q1 3,081,776 $157,344,810 +$37,866,739 $51.04 55
2016 Q4 2,370,963 $83,572,000 +$2,438,017 $35.25 38
2016 Q3 2,273,718 $72,722,000 +$8,305,562 $32.00 36
2016 Q2 2,080,767 $50,682,000 -$7,816,493 $24.35 31
2016 Q1 2,454,102 $55,118,000 -$8,839,828 $22.45 40
2015 Q4 2,869,579 $60,572,000 -$14,898,031 $21.10 37
2015 Q3 3,466,847 $80,219,000 +$18,393,734 $23.14 43
2015 Q2 2,609,147 $72,659,771 +$6,067,859 $27.85 38
2015 Q1 2,450,966 $46,527,533 -$4,210,914 $19.00 29
2014 Q4 2,728,965 $52,913,698 -$598,432 $19.41 30
2014 Q3 2,761,115 $41,221,351 +$5,225,653 $14.93 26
2014 Q2 2,425,529 $29,687,612 -$271,885 $12.24 26
2014 Q1 2,445,932 $30,953,633 +$14,366,666 $12.64 25