Tennant Co
137 hedge funds and large institutions have $1.08B invested in Tennant Co in 2018 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 59 increasing their positions, 48 reducing their positions, and 18 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 48
2.09% less ownership
Funds ownership: 91.18% → 89.1% (-2.1%)
7% less funds holding
Funds holding: 148 → 137 (-11)
9% less capital invested
Capital invested by funds: $1.18B → $1.08B (-$103M)
50% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Bodenholm Capital
Stockholm,
Sweden
|
+$23M |
| 2 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$20.1M |
| 3 |
ICM
Indaba Capital Management
San Francisco,
California
|
+$16.9M |
| 4 |
MPI
Mairs & Power Inc
St Paul,
Minnesota
|
+$5.81M |
| 5 |
BlackRock
New York
|
+$2.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$37M |
| 2 |
Goldman Sachs
New York
|
-$18.7M |
| 3 |
RA
Royce & Associates
New York
|
-$14.9M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$8.78M |
| 5 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$4.14M |
TNC Hedge Fund Activity: Q1 2018 in Review
137 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Tennant Co (TNC) for Q1 2018, worth a combined $1.08B — down 8.7% from $1.18B a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of TNC and 9 opened new positions — a net loss of 9 holders — while 48 trimmed existing stakes and 59 added.
The largest buyer was Bodenholm Capital, opening a new position worth an estimated $23M. The largest seller was Neuberger Berman Group, exiting entirely with an estimated $37M sold.
- 137 institutional investors held Tennant Co (TNC) as of Q1 2018, down from 148 in Q4 2017.
- Funds reported $1.08B of Tennant Co stock for Q1 2018, down 8.7% quarter-over-quarter.
- 9 funds opened new Tennant Co positions in Q1 2018 and 18 closed out, a net change of -9 holders.
- The largest Tennant Co buyer in Q1 2018 was Bodenholm Capital, an estimated $23M added.
- The largest Tennant Co seller in Q1 2018 was Neuberger Berman Group, an estimated $37M sold.
Based on aggregated 13F filings for Q1 2018.