Tennant Co
165 hedge funds and large institutions have $1.13B invested in Tennant Co in 2020 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 56 increasing their positions, 49 reducing their positions, and 24 closing their positions.
50% more call options, than puts
Call options by funds: $1.16M | Put options by funds: $774K
21% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 24
19% more capital invested
Capital invested by funds: $950M → $1.13B (+$179M)
14% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 49
4.85% more ownership
Funds ownership: 89.43% → 94.29% (+4.9%)
2% more funds holding
Funds holding: 161 → 165 (+4)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Ovata Capital Management
Hong Kong
|
+$45.3M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$11.2M |
| 3 |
BlackRock
New York
|
+$5.77M |
| 4 |
MPI
Mairs & Power Inc
St Paul,
Minnesota
|
+$5.54M |
| 5 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$4.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
-$9.05M |
| 2 |
RA
Royce & Associates
New York
|
-$5.55M |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$5.05M |
| 4 |
Goldman Sachs
New York
|
-$3.07M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$2.64M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MERSOM
176
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
| – | -$328K | -5,660 | Closed |
|
177
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$310K | -5,091 | Closed |
|
178
Voloridge Investment Management
Jupiter,
Florida
| – | -$233K | -4,019 | Closed |
|
|
GCP
179
GSA Capital Partners
London,
United Kingdom
| – | -$228K | -3,938 | Closed |
|
180
HSBC Holdings
London,
United Kingdom
| – | -$207K | -3,593 | Closed |
|
|
SRAM
181
Stone Ridge Asset Management
New York
| – | -$208K | -3,585 | Closed |
|
182
Bessemer Group
Woodbridge,
New Jersey
| – | -$46K | -800 | Closed |
|
|
OAM
183
Oppenheimer Asset Management
New York
| – | -$27K | -465 | Closed |
|
|
MAM
184
Meeder Asset Management
Dublin,
Ohio
| – | -$16K | -268 | Closed |
|
|
HR
185
Howe & Rusling
Rochester,
New York
| – | -$3K | -46 | Closed |
|
|
CAW
186
Cornerstone Advisors (Washington)
Bellevue,
Washington
| – | -$1K | -20 | Closed |
|
|
PFBT
187
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| – | -$365 | -6 | -46% |
|
TNC Hedge Fund Activity: Q2 2020 in Review
165 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Tennant Co (TNC) for Q2 2020, worth a combined $1.13B — up 19% from $950M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new TNC positions and 24 closed out — a net gain of 5 holders — while 56 added to existing stakes and 49 trimmed.
The largest buyer was Ovata Capital Management, opening a new position worth an estimated $45.3M. The largest seller was William Blair Investment Management, exiting entirely with an estimated $9.05M sold.
- 165 institutional investors held Tennant Co (TNC) as of Q2 2020, up from 161 in Q1 2020.
- Funds reported $1.13B of Tennant Co stock for Q2 2020, up 19% quarter-over-quarter.
- 29 funds opened new Tennant Co positions in Q2 2020 and 24 closed out, a net change of +5 holders.
- The largest Tennant Co buyer in Q2 2020 was Ovata Capital Management, an estimated $45.3M added.
- The largest Tennant Co seller in Q2 2020 was William Blair Investment Management, an estimated $9.05M sold.
Based on aggregated 13F filings for Q2 2020.