Tricon Residential Inc.
TCN was delisted on the 1st of May, 2024.
139 hedge funds and large institutions have $1.19B invested in Tricon Residential Inc. in 2023 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 52 increasing their positions, 49 reducing their positions, and 19 closing their positions.
342% more call options, than puts
Call options by funds: $2.34M | Put options by funds: $529K
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
6% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 49
3% less funds holding
Funds holding: 143 → 139 (-4)
11% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 19
14% less capital invested
Capital invested by funds: $1.38B → $1.19B (-$192M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LBIM
Land & Buildings Investment Management
Stamford,
Connecticut
|
+$53.4M |
| 2 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
+$28.1M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$25.7M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$20.4M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$19.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
-$56.1M |
| 2 |
Millennium Management
New York
|
-$12.3M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$11.2M |
| 4 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
-$11.1M |
| 5 |
CF
Canoe Financial
Calgary,
Alberta, Canada
|
-$10.7M |
TCN Hedge Fund Activity: Q3 2023 in Review
139 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in Tricon Residential Inc. (TCN) for Q3 2023, worth a combined $1.19B — down 14% from $1.38B a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of TCN and 17 opened new positions — a net loss of 2 holders — while 49 trimmed existing stakes and 52 added.
The largest buyer was Land & Buildings Investment Management, opening a new position worth an estimated $53.4M. The largest seller was British Columbia Investment Management, cutting an estimated $56.1M.
- 139 institutional investors held Tricon Residential Inc. (TCN) as of Q3 2023, down from 143 in Q2 2023.
- Funds reported $1.19B of Tricon Residential Inc. stock for Q3 2023, down 14% quarter-over-quarter.
- 17 funds opened new Tricon Residential Inc. positions in Q3 2023 and 19 closed out, a net change of -2 holders.
- The largest Tricon Residential Inc. buyer in Q3 2023 was Land & Buildings Investment Management, an estimated $53.4M added.
- The largest Tricon Residential Inc. seller in Q3 2023 was British Columbia Investment Management, an estimated $56.1M sold.
Based on aggregated 13F filings for Q3 2023.