Tennant Co
214 hedge funds and large institutions have $1.31B invested in Tennant Co in 2023 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 78 increasing their positions, 67 reducing their positions, and 11 closing their positions.
236% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 11
16% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 67
14% more funds holding
Funds holding: 188 → 214 (+26)
2.55% more ownership
Funds ownership: 92.43% → 94.98% (+2.5%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
5% less capital invested
Capital invested by funds: $1.39B → $1.31B (-$76.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$24.3M |
| 2 |
Millennium Management
New York
|
+$9.86M |
| 3 |
Morgan Stanley
New York
|
+$5.64M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$3.38M |
| 5 |
D.E. Shaw & Co
New York
|
+$3.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$16.6M |
| 2 |
William Blair Investment Management
Chicago,
Illinois
|
-$10.7M |
| 3 |
MPI
Mairs & Power Inc
St Paul,
Minnesota
|
-$8.74M |
| 4 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$4.45M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$3.6M |
TNC Hedge Fund Activity: Q3 2023 in Review
214 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Tennant Co (TNC) for Q3 2023, worth a combined $1.31B — down 5.5% from $1.39B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new TNC positions and 11 closed out — a net gain of 26 holders — while 78 added to existing stakes and 67 trimmed.
The largest buyer was Assenagon Asset Management, opening a new position worth an estimated $24.3M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $16.6M.
- 214 institutional investors held Tennant Co (TNC) as of Q3 2023, up from 188 in Q2 2023.
- Funds reported $1.31B of Tennant Co stock for Q3 2023, down 5.5% quarter-over-quarter.
- 37 funds opened new Tennant Co positions in Q3 2023 and 11 closed out, a net change of +26 holders.
- The largest Tennant Co buyer in Q3 2023 was Assenagon Asset Management, an estimated $24.3M added.
- The largest Tennant Co seller in Q3 2023 was ArrowMark Colorado Holdings, an estimated $16.6M sold.
Based on aggregated 13F filings for Q3 2023.