Tennant Co
167 hedge funds and large institutions have $992M invested in Tennant Co in 2020 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 57 increasing their positions, 58 reducing their positions, and 18 closing their positions.
223% more call options, than puts
Call options by funds: $1.62M | Put options by funds: $501K
11% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 18
1% more funds holding
Funds holding: 165 → 167 (+2)
2% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 58
5.28% less ownership
Funds ownership: 94.27% → 88.99% (-5.3%)
12% less capital invested
Capital invested by funds: $1.13B → $992M (-$138M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$10.4M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$4.15M |
| 3 |
PGDP
Pragma Gestao de Patrimonio
Sao Paulo,
Brazil
|
+$3.37M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$3.03M |
| 5 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$1.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Ovata Capital Management
Hong Kong
|
-$47.6M |
| 2 |
RA
Royce & Associates
New York
|
-$24.1M |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$5.4M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$4.76M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
-$4.34M |
TNC Hedge Fund Activity: Q3 2020 in Review
167 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Tennant Co (TNC) for Q3 2020, worth a combined $992M — down 12% from $1.13B a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new TNC positions and 18 closed out — a net gain of 2 holders — while 57 added to existing stakes and 58 trimmed.
The largest buyer was Invesco, adding an estimated $10.4M. The largest seller was Ovata Capital Management, cutting an estimated $47.6M.
- 167 institutional investors held Tennant Co (TNC) as of Q3 2020, up from 165 in Q2 2020.
- Funds reported $992M of Tennant Co stock for Q3 2020, down 12% quarter-over-quarter.
- 20 funds opened new Tennant Co positions in Q3 2020 and 18 closed out, a net change of +2 holders.
- The largest Tennant Co buyer in Q3 2020 was Invesco, an estimated $10.4M added.
- The largest Tennant Co seller in Q3 2020 was Ovata Capital Management, an estimated $47.6M sold.
Based on aggregated 13F filings for Q3 2020.