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TCN

Tricon Residential Inc.
TCN

Delisted

TCN was delisted on the 1st of May, 2024.

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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
139
Holders Change
-4
Holders Change %
-2.8%
% of All Funds
2.21%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
17
Increased
52
Reduced
49
Closed
19
Calls
$2.34M
Puts
$529K
Net Calls
+$1.81M
Net Calls Change
+$1.6M

Top Buyers

Rank Fund Capital Flow
1
LBIM
Land & Buildings Investment Management
Connecticut
+$53.4M
2
CIM
Centersquare Investment Management
Pennsylvania
+$28.1M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$25.7M
4
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$20.4M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$19.6M

Top Sellers

Rank Fund Capital Flow
1
BCIM
British Columbia Investment Management
British Columbia, Canada
-$56.1M
2
Millennium Management
Millennium Management
New York
-$12.3M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$11.2M
4
PM
Pembroke Management
Quebec, Canada
-$11.1M
5
CF
Canoe Financial
Alberta, Canada
-$10.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
PI
151
PEAK6 Investments
Illinois
– -$182K -20,691 Closed
AIM
152
Aigen Investment Management
New York
– -$179K -20,295 Closed
LWIC
153
Leith Wheeler Investment Counsel
British Columbia, Canada
– -$173K -14,842 Closed
CSS
154
Cubist Systematic Strategies
Connecticut
– -$111K -12,628 Closed
PRC
155
Pearl River Capital
Michigan
– -$90.1K -10,223 Closed
KA
156
Kovack Advisors
Florida
– -$89.9K -10,200 Closed
CC
157
Cipher Capital
New York
– -$89.5K -10,157 Closed
LCM
158
Lynwood Capital Management
Ontario, Canada
– -$88.2K -10,000 Closed
3 4 5 6
7

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.