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Tennant Co
TNC

174 hedge funds and large institutions have $1.19B invested in Tennant Co in 2023 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 52 increasing their positions, 61 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

286% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 7

15% more capital invested

Capital invested by funds: $1.04B → $1.19B (+$157M)

12% more funds holding

Funds holding: 155 → 174 (+19)

0.41% more ownership

Funds ownership: 93.67% → 94.08% (+0.41%)

15% less repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 61

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

89% less call options, than puts

Call options by funds: $82K | Put options by funds: $754K

Holders
174
Holders Change
+19
Holders Change %
+12.26%
% of All Funds
2.77%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
27
Increased
52
Reduced
61
Closed
7
Calls
$82K
Puts
$754K
Net Calls
-$672K
Net Calls Change
-$38K

Top Buyers

1
PCP
P2 Capital Partners
New York
+$6.57M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$6.43M
3
Citadel Advisors
Citadel Advisors
Florida
+$5.9M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$4.01M
5
Morgan Stanley
Morgan Stanley
New York
+$2.51M

Top Sellers

1
ACH
ArrowMark Colorado Holdings
Colorado
-$9.94M
2
MPI
Mairs & Power Inc
Minnesota
-$6.73M
3
PGDP
Pragma Gestao de Patrimonio
Brazil
-$6.1M
4
BlackRock
BlackRock
New York
-$4.42M
5
Millennium Management
Millennium Management
New York
-$4.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
QCG
151
Quadrant Capital Group
Ohio
$10.3K +$7.93K +117 +355%
S
152
SignatureFD
Georgia
$8.02K +$2.1K +31 +36%
Point72 Asset Management
153
Point72 Asset Management
Connecticut
$6.85K +$6.78K +100 New
GWSG
154
GPS Wealth Strategies Group
Colorado
$6.17K +$6.1K +90 New
TWA
155
TCI Wealth Advisors
Arizona
$5.41K – – –
Carson Wealth (CWM LLC)
156
Carson Wealth (CWM LLC)
Nebraska
$5K – – –
VCM
157
Versant Capital Management
Arizona
$3.79K – – –
HI
158
Harbour Investments
Wisconsin
$3.43K – – –
HNB
159
Huntington National Bank
Ohio
$3.02K +$2.17K +32 +267%
MCM
160
Manchester Capital Management
Vermont
$2.95K +$1.42K +21 +95%
LC
161
Lindbrook Capital
California
$2.74K – – –
TCOV
162
Trust Company of Vermont
Vermont
$2.6K +$2.58K +38 New
BAM
163
Belpointe Asset Management
Nevada
$1.78K – – –
IAIM
164
International Assets Investment Management
Florida
$1.58K +$1.56K +23 New
GRP
165
Global Retirement Partners
California
$1.42K -$339 -5 -22%
BIA
166
Bell Investment Advisors
California
$1.37K +$1.36K +20 New
BTI
167
Blue Trust Inc
Georgia
$1K +$881 +13 New
IA
168
IFP Advisors
Florida
$883 – – –
BAAM
169
Baker Avenue Asset Management
California
$822 – – –
FMII
170
Farmers & Merchants Investments Inc
Nebraska
$822 – – –
GWS
171
Glassman Wealth Services
Virginia
$480 – – –
PFBT
172
Parkside Financial Bank & Trust
Missouri
$412 – – –
CFGS
173
Concourse Financial Group Securities
Alabama
$68 – – –
PCM
174
Penn Capital Management
Pennsylvania
– -$2.61M -42,344 Closed
ACM
175
Aquatic Capital Management
Illinois
– -$154K -2,500 Closed
4 5 6
7
8

TNC Hedge Fund Activity: Q1 2023 in Review

174 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Tennant Co (TNC) for Q1 2023, worth a combined $1.19B — up 15% from $1.04B a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new TNC positions and 7 closed out — a net gain of 20 holders — while 52 added to existing stakes and 61 trimmed.

The largest buyer was P2 Capital Partners, adding an estimated $6.57M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $9.94M.

  • 174 institutional investors held Tennant Co (TNC) as of Q1 2023, up from 155 in Q4 2022.
  • Funds reported $1.19B of Tennant Co stock for Q1 2023, up 15% quarter-over-quarter.
  • 27 funds opened new Tennant Co positions in Q1 2023 and 7 closed out, a net change of +20 holders.
  • The largest Tennant Co buyer in Q1 2023 was P2 Capital Partners, an estimated $6.57M added.
  • The largest Tennant Co seller in Q1 2023 was ArrowMark Colorado Holdings, an estimated $9.94M sold.

Based on aggregated 13F filings for Q1 2023.