Tennant Co
140 hedge funds and large institutions have $1.1B invested in Tennant Co in 2017 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 63 increasing their positions, 39 reducing their positions, and 17 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 39
4.27% more ownership
Funds ownership: 88.78% → 93.05% (+4.3%)
2% less funds holding
Funds holding: 143 → 140 (-3)
6% less capital invested
Capital invested by funds: $1.17B → $1.1B (-$69.3M)
12% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 17
15% less call options, than puts
Call options by funds: $2.04M | Put options by funds: $2.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$28.8M |
| 2 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$25.7M |
| 3 |
MPI
Mairs & Power Inc
St Paul,
Minnesota
|
+$16M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$4.7M |
| 5 |
Bank of New York Mellon
New York
|
+$3.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$39.4M |
| 2 |
RA
Royce & Associates
New York
|
-$6.69M |
| 3 |
Neuberger Berman Group
New York
|
-$2.16M |
| 4 |
SO
STRS Ohio
Columbus,
Ohio
|
-$944K |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$788K |
TNC Hedge Fund Activity: Q3 2017 in Review
140 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Tennant Co (TNC) for Q3 2017, worth a combined $1.1B — down 5.9% from $1.17B a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of TNC and 15 opened new positions — a net loss of 2 holders — while 39 trimmed existing stakes and 63 added.
The largest buyer was Goldman Sachs, adding an estimated $28.8M. The largest seller was T. Rowe Price Associates, cutting an estimated $39.4M.
- 140 institutional investors held Tennant Co (TNC) as of Q3 2017, down from 143 in Q2 2017.
- Funds reported $1.1B of Tennant Co stock for Q3 2017, down 5.9% quarter-over-quarter.
- 15 funds opened new Tennant Co positions in Q3 2017 and 17 closed out, a net change of -2 holders.
- The largest Tennant Co buyer in Q3 2017 was Goldman Sachs, an estimated $28.8M added.
- The largest Tennant Co seller in Q3 2017 was T. Rowe Price Associates, an estimated $39.4M sold.
Based on aggregated 13F filings for Q3 2017.