Tricon Residential Inc.
TCN was delisted on the 1st of May, 2024.
150 hedge funds and large institutions have $1.43B invested in Tricon Residential Inc. in 2023 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 56 increasing their positions, 53 reducing their positions, and 17 closing their positions.
80% more call options, than puts
Call options by funds: $586K | Put options by funds: $326K
65% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 17
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
21% more capital invested
Capital invested by funds: $1.19B → $1.43B (+$244M)
8% more funds holding
Funds holding: 139 → 150 (+11)
6% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 53
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
+$40.7M |
| 2 |
HRES
Heitman Real Estate Securities
Chicago,
Illinois
|
+$19.5M |
| 3 |
Millennium Management
New York
|
+$15.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$12.5M |
| 5 |
VC
Vision Capital
Toronto,
Ontario, Canada
|
+$8.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
-$46.3M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$24.1M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$16.9M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$14.1M |
| 5 |
CF
Canoe Financial
Calgary,
Alberta, Canada
|
-$12.4M |
TCN Hedge Fund Activity: Q4 2023 in Review
150 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Tricon Residential Inc. (TCN) for Q4 2023, worth a combined $1.43B — up 21% from $1.19B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new TCN positions and 17 closed out — a net gain of 11 holders — while 56 added to existing stakes and 53 trimmed.
The largest buyer was Prudential Financial, opening a new position worth an estimated $40.7M. The largest seller was Janus Henderson Group, exiting entirely with an estimated $46.3M sold.
- 150 institutional investors held Tricon Residential Inc. (TCN) as of Q4 2023, up from 139 in Q3 2023.
- Funds reported $1.43B of Tricon Residential Inc. stock for Q4 2023, up 21% quarter-over-quarter.
- 28 funds opened new Tricon Residential Inc. positions in Q4 2023 and 17 closed out, a net change of +11 holders.
- The largest Tricon Residential Inc. buyer in Q4 2023 was Prudential Financial, an estimated $40.7M added.
- The largest Tricon Residential Inc. seller in Q4 2023 was Janus Henderson Group, an estimated $46.3M sold.
Based on aggregated 13F filings for Q4 2023.