Tennant Co
237 hedge funds and large institutions have $1.66B invested in Tennant Co in 2023 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 85 increasing their positions, 84 reducing their positions, and 14 closing their positions.
164% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 14
26% more capital invested
Capital invested by funds: $1.31B → $1.66B (+$346M)
11% more funds holding
Funds holding: 214 → 237 (+23)
1% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 84
0.64% more ownership
Funds ownership: 94.98% → 95.61% (+0.64%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$57.5M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$16.1M |
| 3 |
Man Group
London,
United Kingdom
|
+$9.85M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$5.71M |
| 5 |
Millennium Management
New York
|
+$4.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$73.2M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$22.6M |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$9.72M |
| 4 |
MPI
Mairs & Power Inc
St Paul,
Minnesota
|
-$8.88M |
| 5 |
KAM
Kopion Asset Management
Mckinney,
Texas
|
-$2.9M |
TNC Hedge Fund Activity: Q4 2023 in Review
237 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Tennant Co (TNC) for Q4 2023, worth a combined $1.66B — up 26% from $1.31B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new TNC positions and 14 closed out — a net gain of 23 holders — while 85 added to existing stakes and 84 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $57.5M. The largest seller was ArrowMark Colorado Holdings, exiting entirely with an estimated $73.2M sold.
- 237 institutional investors held Tennant Co (TNC) as of Q4 2023, up from 214 in Q3 2023.
- Funds reported $1.66B of Tennant Co stock for Q4 2023, up 26% quarter-over-quarter.
- 37 funds opened new Tennant Co positions in Q4 2023 and 14 closed out, a net change of +23 holders.
- The largest Tennant Co buyer in Q4 2023 was Morgan Stanley, an estimated $57.5M added.
- The largest Tennant Co seller in Q4 2023 was ArrowMark Colorado Holdings, an estimated $73.2M sold.
Based on aggregated 13F filings for Q4 2023.