TUCOWS INC

Ticker: TCX CUSIP: 898697206 Class: Common Stock

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
EdgePoint Investment Group Inc.2,118,575$46,924
Blacksheep Fund Management Ltd1,091,985$24,482
Universal- Beteiligungs- und Servicegesellschaft mbH526,989$11,588
BlackRock, Inc.523,179$11,730
VANGUARD GROUP INC464,026$10,403
GEODE CAPITAL MANAGEMENT, LLC185,006$4,149
STATE STREET CORP180,424$4,045
Baader Bank Aktiengesellschaft163,216$3,659
RENAISSANCE TECHNOLOGIES LLC139,851$3,135
CHARLES SCHWAB INVESTMENT MANAGEMENT INC72,689$1,630
SUSQUEHANNA INTERNATIONAL GROUP, LLP61,105$1,370
NORTHERN TRUST CORP59,120$1,325
Blackhawk Capital Partners LLC.50,693$1,137
CITADEL ADVISORS LLC38,168$856
JANE STREET GROUP, LLC36,649$822
K.J. Harrison & Partners Inc35,171$789
MORGAN STANLEY35,034$785
D. E. Shaw & Co., Inc.34,759$779
Connor, Clark & Lunn Investment Management Ltd.27,862$617
GOLDMAN SACHS GROUP INC22,553$506
GSA CAPITAL PARTNERS LLP21,576$0
Bank of New York Mellon Corp19,527$438
Quantinno Capital Management LP18,528$415
Nuveen, LLC16,812$377
TWO SIGMA INVESTMENTS, LP12,714$285
ALLIANCEBERNSTEIN L.P.12,190$273
BARCLAYS PLC11,571$259
BARD ASSOCIATES INC11,165$250
STATE OF WISCONSIN INVESTMENT BOARD10,900$244
Squarepoint Ops LLC10,868$244
RHUMBLINE ADVISERS8,872$199
WELLS FARGO & COMPANY/MN8,149$183
ROYAL BANK OF CANADA6,222$140
JPMORGAN CHASE & CO6,171$138
BANK OF AMERICA CORP /DE/5,983$134
Walleye Trading LLC5,349$120
DEUTSCHE BANK AG\4,655$104
MetLife Investment Management, LLC3,875$87
TD Waterhouse Canada Inc.3,600$80
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.3,146$71
UBS Group AG1,798$40
Police & Firemen's Retirement System of New Jersey1,602$36
BNP PARIBAS ARBITRAGE, SA1,549$35
NEW YORK STATE COMMON RETIREMENT FUND1,045$23
Rockefeller Capital Management L.P.1,002$22
Russell Investments Group, Ltd.952$21
Ameritas Investment Partners, Inc.790$18
Legal & General Group Plc667$15
CIBC Private Wealth Group, LLC600$13
Tower Research Capital LLC (TRC)540$12
NATIONAL BANK OF CANADA /FI/503$14
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM414$9
FMR LLC389$9
UBS ASSET MANAGEMENT AMERICAS INC379$8
Sterling Capital Management LLC336$8
CWM, LLC274$0
Versant Capital Management, Inc234$5
NISA INVESTMENT ADVISORS, LLC220$5
AMALGAMATED BANK212$0
CITIGROUP INC153$3
GAMMA Investing LLC131$3
SRS Capital Advisors, Inc.105$2
EverSource Wealth Advisors, LLC29$1
Marquette Asset Management, LLC27$1
IFP Advisors, Inc7$0
Optiver Holding B.V.5$0
True Wealth Design, LLC5$0
PNC Financial Services Group, Inc.4$0
Allworth Financial LP1$0
Total (69 institutions)6,082,900$135,080