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Tennant Co
TNC

250 hedge funds and large institutions have $2.15B invested in Tennant Co in 2024 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 77 increasing their positions, 97 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

15,606% more call options, than puts

Call options by funds: $5.65M | Put options by funds: $36K

47% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 30

30% more capital invested

Capital invested by funds: $1.66B → $2.15B (+$494M)

5% more funds holding

Funds holding: 237 → 250 (+13)

2.59% less ownership

Funds ownership: 95.61% → 93.02% (-2.6%)

21% less repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 97

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
250
Holders Change
+13
Holders Change %
+5.49%
% of All Funds
3.6%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
44
Increased
77
Reduced
97
Closed
30
Calls
$5.65M
Puts
$36K
Net Calls
+$5.62M
Net Calls Change
+$5.62M

Top Buyers

1
Brown Advisory
Brown Advisory
Maryland
+$51.8M
2
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
+$51.2M
3
Allianz Asset Management
Allianz Asset Management
Germany
+$12.5M
4
JSA
Jacobson & Schmitt Advisors
Wisconsin
+$10.4M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$8.82M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$79.1M
2
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$21.8M
3
Millennium Management
Millennium Management
New York
-$18.9M
4
Two Sigma Investments
Two Sigma Investments
New York
-$7.89M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$7.44M
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$13M -$18.9M -184,576 -63%
Acadian Asset Management
27
Acadian Asset Management
Massachusetts
$12.7M +$679K +6,644 +7%
Norges Bank
28
Norges Bank
Norway
$12.7M -$2.8M -27,374 -21%
Principal Financial Group
29
Principal Financial Group
Iowa
$12.6M +$336K +3,284 +3%
JSA
30
Jacobson & Schmitt Advisors
Wisconsin
$12.4M +$10.4M +101,802 New
RA
31
Royce & Associates
New York
$12.1M – – –
Arrowstreet Capital
32
Arrowstreet Capital
Massachusetts
$10.9M +$8.82M +86,356 +2,546%
American Century Companies
33
American Century Companies
Missouri
$10.2M +$6.11M +59,807 +246%
Bank of America
34
Bank of America
North Carolina
$9.37M +$639K +6,255 +9%
Goldman Sachs
35
Goldman Sachs
New York
$8.94M +$1.5M +14,673 +25%
CSS
36
Cubist Systematic Strategies
Connecticut
$8.69M -$3.59M -35,122 -33%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
37
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$8.6M +$4.59M +44,907 +174%
Allspring Global Investments
38
Allspring Global Investments
North Carolina
$8.24M +$3.13M +30,624 +82%
RhumbLine Advisers
39
RhumbLine Advisers
Massachusetts
$6.84M -$72.2K -707 -1%
First Trust Advisors
40
First Trust Advisors
Illinois
$6.43M +$1.36M +13,282 +34%
Legal & General Group
41
Legal & General Group
United Kingdom
$6.39M -$4.8K -47 -0.1%
DWT
42
Dorsey & Whitney Trust
South Dakota
$5.96M +$13.6K +133 +0.3%
EGI
43
EAM Global Investors
California
$5.63M +$4.73M +46,298 New
Two Sigma Advisers
44
Two Sigma Advisers
New York
$5.47M -$4.02M -39,359 -47%
Teacher Retirement System of Texas
45
Teacher Retirement System of Texas
Texas
$5.34M +$1.91M +18,729 +74%
AQR Capital Management
46
AQR Capital Management
Connecticut
$5.22M +$720K +7,047 +20%
CIC
47
Crawford Investment Counsel
Georgia
$5.14M -$1.53M -14,933 -26%
TI
48
Trexquant Investment
Connecticut
$5.01M +$364K +3,563 +9%
SEI Investments
49
SEI Investments
Pennsylvania
$5M +$2.11M +20,639 +101%
KAM
50
Kopion Asset Management
Texas
$5M -$1M -9,826 -19%
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TNC Hedge Fund Activity: Q1 2024 in Review

250 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Tennant Co (TNC) for Q1 2024, worth a combined $2.15B — up 30% from $1.66B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new TNC positions and 30 closed out — a net gain of 14 holders — while 77 added to existing stakes and 97 trimmed.

The largest buyer was Brown Advisory, opening a new position worth an estimated $51.8M. The largest seller was Morgan Stanley, cutting an estimated $79.1M.

  • 250 institutional investors held Tennant Co (TNC) as of Q1 2024, up from 237 in Q4 2023.
  • Funds reported $2.15B of Tennant Co stock for Q1 2024, up 30% quarter-over-quarter.
  • 44 funds opened new Tennant Co positions in Q1 2024 and 30 closed out, a net change of +14 holders.
  • The largest Tennant Co buyer in Q1 2024 was Brown Advisory, an estimated $51.8M added.
  • The largest Tennant Co seller in Q1 2024 was Morgan Stanley, an estimated $79.1M sold.

Based on aggregated 13F filings for Q1 2024.