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TCN

Tricon Residential Inc.

Delisted

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.

New
Increased
Maintained
Reduced
Closed

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: 136137 (+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: 32 (-1)

Holders
137
Holders Change
+1
Holders Change %
+0.74%
% of All Funds
2.18%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
16
Increased
58
Reduced
45
Closed
14
Calls
$4.27M
Puts
$3.28M
Net Calls
+$984K
Net Calls Change
-$2.25M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of Montreal
1
Bank of Montreal
Ontario, Canada
$149M +$10.3M +1,248,543 +7%
T. Rowe Price Investment Management
2
T. Rowe Price Investment Management
Maryland
$142M +$15.5M +1,880,512 +11%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$104M +$3.71M +450,577 +3%
Vanguard Group
4
Vanguard Group
Pennsylvania
$87.6M +$1.83M +222,922 +2%
Janus Henderson Group
5
Janus Henderson Group
United Kingdom
$57.5M +$165K +20,040 +0.3%
Macquarie Group
6
Macquarie Group
Australia
$55.1M +$14M +1,695,687 +31%
1832 Asset Management
7
1832 Asset Management
Ontario, Canada
$49.8M +$15.6M +1,901,528 +42%
Cohen & Steers
8
Cohen & Steers
New York
$45.3M -$67.7M -8,230,145 -58%
BCIM
9
British Columbia Investment Management
British Columbia, Canada
$44.2M +$46M +5,585,010 +4,785%
PM
10
Pembroke Management
Quebec, Canada
$25M +$5.64M +685,356 +40%
Wellington Management Group
11
Wellington Management Group
Massachusetts
$24.4M -$36.3M -4,407,924 -58%
CF
12
Canoe Financial
Alberta, Canada
$23.8M +$25.3M +3,075,617 New
CIMLRA
13
CBRE Investment Management Listed Real Assets
Pennsylvania
$23.6M -$463K -56,241 -2%
Norges Bank
14
Norges Bank
Norway
$22.1M +$610K +74,133 +3%
AIMCA
15
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$17.5M +$4.28M +519,888 +30%
AFM
16
Anson Funds Management
Texas
$15.1M -$7.34M -891,592 -31%
Mackenzie Financial
17
Mackenzie Financial
Ontario, Canada
$15.1M +$2.27M +275,443 +16%
Balyasny Asset Management
18
Balyasny Asset Management
Illinois
$14.3M -$8.38M -1,018,369 -36%
Manulife (Manufacturers Life Insurance)
19
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$12.7M +$376K +45,647 +3%
Millennium Management
20
Millennium Management
New York
$12M +$2.81M +341,434 +28%
Legal & General Group
21
Legal & General Group
United Kingdom
$10M +$698K +84,779 +7%
OCAM
22
Onex Canada Asset Management
Ontario, Canada
$9.99M -$969K -117,706 -8%
Fiera Capital (Canada)
23
Fiera Capital (Canada)
Quebec, Canada
$9.75M -$5.39M -655,128 -34%
CIBC Asset Management
24
CIBC Asset Management
Ontario, Canada
$8.94M -$715K -86,832 -7%
TD Asset Management
25
TD Asset Management
Ontario, Canada
$8.65M +$249K +30,273 +3%

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.