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Tennant Co
TNC

214 hedge funds and large institutions have $1.31B invested in Tennant Co in 2023 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 78 increasing their positions, 67 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

236% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 11

16% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 67

14% more funds holding

Funds holding: 188 → 214 (+26)

2.55% more ownership

Funds ownership: 92.43% → 94.98% (+2.5%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

5% less capital invested

Capital invested by funds: $1.39B → $1.31B (-$76.2M)

Holders
214
Holders Change
+26
Holders Change %
+13.83%
% of All Funds
3.4%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
37
Increased
78
Reduced
67
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
+$24.3M
2
Millennium Management
Millennium Management
New York
+$9.86M
3
Morgan Stanley
Morgan Stanley
New York
+$5.64M
4
Invesco
Invesco
Georgia
+$3.38M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$3.37M

Top Sellers

Rank Fund Capital Flow
1
ACH
ArrowMark Colorado Holdings
Colorado
-$16.6M
2
William Blair Investment Management
William Blair Investment Management
Illinois
-$10.7M
3
MPI
Mairs & Power Inc
Minnesota
-$8.74M
4
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$4.45M
5
Citadel Advisors
Citadel Advisors
Florida
-$3.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
State of New Jersey Common Pension Fund D
51
State of New Jersey Common Pension Fund D
New Jersey
$2.23M -$311K -3,896 -11%
Acadian Asset Management
52
Acadian Asset Management
Massachusetts
$2.15M +$1.41M +17,721 +156%
Voloridge Investment Management
53
Voloridge Investment Management
Florida
$2.15M +$2.32M +29,034 New
Squarepoint
54
Squarepoint
New York
$2.15M +$2M +25,122 +650%
US Bancorp
55
US Bancorp
Minnesota
$2.13M -$77.2K -968 -3%
Renaissance Technologies
56
Renaissance Technologies
New York
$2.11M +$647K +8,113 +40%
MAG
57
Millrace Asset Group
Pennsylvania
$2.03M +$2.18M +27,347 New
UBS AM
58
UBS AM
Illinois
$2.02M +$16.1K +202 +0.7%
Teacher Retirement System of Texas
59
Teacher Retirement System of Texas
Texas
$2.02M +$1.09M +13,619 +100%
MC
60
Martin & Co
Tennessee
$1.97M -$877 -11 -0%
TI
61
Trexquant Investment
Connecticut
$1.82M +$364K +4,566 +23%
AllianceBernstein
62
AllianceBernstein
Tennessee
$1.82M +$8.77K +110 +0.5%
Public Sector Pension Investment Board (PSP Investments)
63
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.7M -$789K -9,887 -30%
TA
64
Teton Advisors
New York
$1.68M – – –
CS
65
Credit Suisse
Switzerland
$1.64M -$84.1K -1,054 -5%
SIC
66
SFE Investment Counsel
California
$1.6M -$88.4K -1,108 -5%
MAM
67
Martingale Asset Management
Massachusetts
$1.51M +$623K +7,814 +62%
AQR Capital Management
68
AQR Capital Management
Connecticut
$1.47M +$1.25M +15,688 +380%
California State Teachers Retirement System (CalSTRS)
69
California State Teachers Retirement System (CalSTRS)
California
$1.46M -$162K -2,037 -9%
ECM
70
ExodusPoint Capital Management
New York
$1.45M -$688K -8,622 -31%
PNC Financial Services Group
71
PNC Financial Services Group
Pennsylvania
$1.44M -$4.71K -59 -0.3%
QC
72
Quadrature Capital
United Kingdom
$1.37M +$479K +6,003 +48%
NSIM
73
North Star Investment Management
Illinois
$1.33M – – –
Canada Life
74
Canada Life
Manitoba, Canada
$1.32M +$120K +1,505 +9%
Fidelity Investments
75
Fidelity Investments
Massachusetts
$1.32M +$726K +9,104 +105%
1 2
3
4 5

TNC Hedge Fund Activity: Q3 2023 in Review

214 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Tennant Co (TNC) for Q3 2023, worth a combined $1.31B — down 5.5% from $1.39B a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new TNC positions and 11 closed out — a net gain of 26 holders — while 78 added to existing stakes and 67 trimmed.

The largest buyer was Assenagon Asset Management, opening a new position worth an estimated $24.3M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $16.6M.

  • 214 institutional investors held Tennant Co (TNC) as of Q3 2023, up from 188 in Q2 2023.
  • Funds reported $1.31B of Tennant Co stock for Q3 2023, down 5.5% quarter-over-quarter.
  • 37 funds opened new Tennant Co positions in Q3 2023 and 11 closed out, a net change of +26 holders.
  • The largest Tennant Co buyer in Q3 2023 was Assenagon Asset Management, an estimated $24.3M added.
  • The largest Tennant Co seller in Q3 2023 was ArrowMark Colorado Holdings, an estimated $16.6M sold.

Based on aggregated 13F filings for Q3 2023.