Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

TENNANT CO (TNC)

234 + Investors. Track Smart Money conviction in TNC. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -9
Streak
1Q ▼
Buyers last Q
40%

Smart Money Signals — TNC

Based on 232 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their TNC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
232 hedge funds hold TNC right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q
13 fewer hedge funds hold TNC compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 40% buying

92 buying139 selling
Last quarter: 139 funds reduced or exited vs 92 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-8 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 25 → 36 → 31 → 23. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 23% medium ■ 13% new
148 out of 232 hedge funds have held TNC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~23 new funds/quarter

31 → 25 → 36 → 31 → 23 new funds/Q
New funds entering each quarter: 25 → 36 → 31 → 23. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 69% of holders stayed 2+ years

■ 69% veterans ■ 14% 1-2yr ■ 18% new
Of 234 current holders: 161 (69%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 38% AUM from major funds

38% from top-100 AUM funds
34 of 232 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: TNC

How many hedge funds hold TNC — quarterly history vs. share price
Quarterly hedge fund ownership of TNC vs. share price

Market Analysis: TNC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TNC

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

45 top-rated funds 1 high-conviction
Consensus
7.2
/ 10
breadth
×
Elite
1.7
/ 10
conviction
Hedge Fund Positioning: TNC
2026 Q1 Stats Unlock in 11 days 234 + Investors

Track Smart Money conviction in TNC. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 234 243 -3.7%
13F Shares 17M 17M -2.86%
Total Value $1.24B $1.40B -11.62%
New Positions 23 31 -8
Increased Positions 71 81 -10
Closed Positions 32 21 +11
Reduced Positions 109 92 +17
Total Calls 0 0 -
Total Puts 2 2 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: TNC

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Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

234 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in TNC. Verified SEC 13F-HR filings.

Top 25 institutional holders of TNC — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Kopion Asset Management, LLC 8.86% 171,553 $11.4M
2 Lightrock Netherlands B.V. 2.18% 153,770 $10.2M
3 PRENTISS SMITH & CO INC 1.50% 38,961 $2.6M
4 CM Management, LLC 0.83% 15,000 $996K
5 ALBERT D MASON INC 0.43% 9,918 $659K
6 Sylvest Advisors, LLC 0.30% 8,594 $571K
7 Olstein Capital Management, L.P. 0.25% 17,000 $1K
8 DEPRINCE RACE & ZOLLO INC 0.23% 183,084 $12.2M
9 River Road Asset Management, LLC 0.20% 270,238 $17.9M
10 PEREGRINE CAPITAL MANAGEMENT LLC 0.17% 69,065 $4.6M
11 Penn Capital Management Company, LLC 0.15% 29,732 $2.0M
12 SFE Investment Counsel 0.14% 13,170 $874K
13 First Affirmative Financial Network 0.12% 3,270 $265K
14 Skylands Capital, LLC 0.11% 12,550 $833K
15 AlphaQuest LLC 0.06% 14,514 $1.1M
16 Accredited Investors Inc. 0.06% 15,479 $1.0M
17 North Star Investment Management Corp. 0.04% 10,975 $729K
18 Inspire Investing, LLC 0.04% 7,936 $527K
19 ISTHMUS PARTNERS, LLC 0.04% 6,000 $398K
20 WEDGE CAPITAL MANAGEMENT L L P/NC 0.04% 32,310 $2.1M
21 TEACHER RETIREMENT SYSTEM OF TEXAS 0.03% 99,122 $6.6M
22 Clean Yield Group 0.03% 1,415 $94K
23 OP Asset Management Ltd 0.02% 29,688 $2.3M
24 Linden Thomas Advisory Services, LLC 0.02% 3,082 $205K
25 Clarity Asset Management, Inc. 0.01% 437 $29K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — TENNANT CO (TNC)

What does the Smart Money Trend signal show for TNC?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their TNC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for TNC?

More sellers than buyers — 40% buying: Last quarter: 139 funds reduced or exited vs 92 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for TNC holders?

Strong quality — 38% AUM from major funds: 34 of 232 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held TNC?

64% of holders stayed for 2+ years: 148 out of 232 hedge funds have held TNC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.