Tricon Residential Inc.
TCN was delisted on the 1st of May, 2024.
137 hedge funds and large institutions have $1.15B invested in Tricon Residential Inc. in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 58 increasing their positions, 45 reducing their positions, and 14 closing their positions.
30% more call options, than puts
Call options by funds: $4.27M | Put options by funds: $3.28M
29% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 45
14% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 14
1% more funds holding
Funds holding: 136 → 137 (+1)
0% less capital invested
Capital invested by funds: $1.16B → $1.15B (-$3.22M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
+$46M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$15.6M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$15.5M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$14M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$67.7M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$36.3M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$12.6M |
| 4 |
VC
Vision Capital
Toronto,
Ontario, Canada
|
-$10.3M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$8.38M |
TCN Hedge Fund Activity: Q1 2023 in Review
137 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Tricon Residential Inc. (TCN) for Q1 2023, worth a combined $1.15B — down 0.28% from $1.16B a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new TCN positions and 14 closed out — a net gain of 2 holders — while 58 added to existing stakes and 45 trimmed.
The largest buyer was British Columbia Investment Management, adding an estimated $46M. The largest seller was Cohen & Steers, cutting an estimated $67.7M.
- 137 institutional investors held Tricon Residential Inc. (TCN) as of Q1 2023, up from 136 in Q4 2022.
- Funds reported $1.15B of Tricon Residential Inc. stock for Q1 2023, down 0.28% quarter-over-quarter.
- 16 funds opened new Tricon Residential Inc. positions in Q1 2023 and 14 closed out, a net change of +2 holders.
- The largest Tricon Residential Inc. buyer in Q1 2023 was British Columbia Investment Management, an estimated $46M added.
- The largest Tricon Residential Inc. seller in Q1 2023 was Cohen & Steers, an estimated $67.7M sold.
Based on aggregated 13F filings for Q1 2023.