Tricon Residential Inc.
TCN was delisted on the 1st of May, 2024.
166 hedge funds and large institutions have $2.14B invested in Tricon Residential Inc. in 2024 Q1 according to their latest regulatory filings, with 67 funds opening new positions, 35 increasing their positions, 45 reducing their positions, and 51 closing their positions.
320% more funds holding in top 10
Funds holding in top 10: 5 → 21 (+16)
49% more capital invested
Capital invested by funds: $1.43B → $2.14B (+$707M)
31% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 51
11% more funds holding
Funds holding: 150 → 166 (+16)
22% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 45
28% less call options, than puts
Call options by funds: $1.4M | Put options by funds: $1.93M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$213M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$113M |
| 3 |
Goldman Sachs
New York
|
+$94M |
| 4 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$79M |
| 5 |
GCL
Glazer Capital LLC
New York
|
+$68.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$169M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$139M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$134M |
| 4 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
-$82.9M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$73.3M |
TCN Hedge Fund Activity: Q1 2024 in Review
166 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Tricon Residential Inc. (TCN) for Q1 2024, worth a combined $2.14B — up 49% from $1.43B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new TCN positions and 51 closed out — a net gain of 16 holders — while 35 added to existing stakes and 45 trimmed.
The largest buyer was Pentwater Capital Management, opening a new position worth an estimated $213M. The largest seller was T. Rowe Price Investment Management, exiting entirely with an estimated $169M sold.
- 166 institutional investors held Tricon Residential Inc. (TCN) as of Q1 2024, up from 150 in Q4 2023.
- Funds reported $2.14B of Tricon Residential Inc. stock for Q1 2024, up 49% quarter-over-quarter.
- 67 funds opened new Tricon Residential Inc. positions in Q1 2024 and 51 closed out, a net change of +16 holders.
- The largest Tricon Residential Inc. buyer in Q1 2024 was Pentwater Capital Management, an estimated $213M added.
- The largest Tricon Residential Inc. seller in Q1 2024 was T. Rowe Price Investment Management, an estimated $169M sold.
Based on aggregated 13F filings for Q1 2024.