Tennant Co
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Brown Advisory
Baltimore,
Maryland
|
+$51.8M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$51.2M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$12.5M |
| 4 |
JSA
Jacobson & Schmitt Advisors
Middleton,
Wisconsin
|
+$10.4M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$8.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$79.1M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$21.8M |
| 3 |
Millennium Management
New York
|
-$18.9M |
| 4 |
Two Sigma Investments
New York
|
-$7.89M |
| 5 |
D.E. Shaw & Co
New York
|
-$7.44M |
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.