Tennant Co
TNC
161 hedge funds and large institutions have $950M invested in Tennant Co in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 56 increasing their positions, 57 reducing their positions, and 23 closing their positions.
139% more call options, than puts
Call options by funds: $678K | Put options by funds: $284K
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
0.35% more ownership
Funds ownership: 89.08% → 89.43% (+0.35%)
2% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 57
9% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 23
2% less funds holding
Funds holding: 165 → 161 (-4)
25% less capital invested
Capital invested by funds: $1.27B → $950M (-$319M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
+$8.04M |
| 2 |
MPI
Mairs & Power Inc
St Paul,
Minnesota
|
+$5.74M |
| 3 |
RA
Royce & Associates
New York
|
+$5.01M |
| 4 |
Goldman Sachs
New York
|
+$3.13M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$2.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$6.87M |
| 2 |
Bank of New York Mellon
New York
|
-$3.79M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
-$3.74M |
| 4 |
Morgan Stanley
New York
|
-$3.1M |
| 5 |
GF
Gabelli Funds
Rye,
New York
|
-$2.58M |
TNC Hedge Fund Activity: Q1 2020 in Review
161 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Tennant Co (TNC) for Q1 2020, worth a combined $950M — down 25% from $1.27B a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of TNC and 21 opened new positions — a net loss of 2 holders — while 57 trimmed existing stakes and 56 added.
The largest buyer was William Blair Investment Management, adding an estimated $8.04M. The largest seller was BlackRock, cutting an estimated $6.87M.
- 161 institutional investors held Tennant Co (TNC) as of Q1 2020, down from 165 in Q4 2019.
- Funds reported $950M of Tennant Co stock for Q1 2020, down 25% quarter-over-quarter.
- 21 funds opened new Tennant Co positions in Q1 2020 and 23 closed out, a net change of -2 holders.
- The largest Tennant Co buyer in Q1 2020 was William Blair Investment Management, an estimated $8.04M added.
- The largest Tennant Co seller in Q1 2020 was BlackRock, an estimated $6.87M sold.
Based on aggregated 13F filings for Q1 2020.