Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Tennant Co (TNC)

215 + 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
↓ -30
Streak
2Q ▼
Buyers last Q
45%

Smart Money Signals — TNC

Based on 217 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, 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.
📊

High ownership — 84% of 3.0Y peak

84% of all-time peak
217 funds currently hold this stock — 84% of the 3.0-year high of 258 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 12% fewer funds vs a year ago

fund count last 6Q
30 fewer hedge funds hold TNC compared to a year ago (-12% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 45% buying

113 buying140 selling
Last quarter: 140 funds reduced or exited vs 113 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.
📈

More new buyers each quarter (+7 vs last Q)

new funds entering per quarter
Funds opening a new TNC position: 37 → 35 → 24 → 31. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 19% medium ■ 16% new
141 out of 217 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.
📊

Peak discovery — momentum slowing

26 → 37 → 35 → 24 → 31 new funds/Q
New funds entering each quarter: 37 → 35 → 24 → 31. TNC is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 69% veterans vs 18% newcomers

■ 69% veterans ■ 12% 1-2yr ■ 18% new
Entry-cohort mix of 222 holders: 154 (69%) are 2+ year veterans, 27 entered 1–2 years ago, and 41 (18%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
43 of 217 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in TNC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.9
out of 10
Low Exit Risk
Exit risk score 2.9/10 — 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.

Institutional Sentiment Summary — TNC

In 2026 Q1, 113 hedge funds were net buyers of TNC (31 opened a new position, 82 added to an existing one), while 140 reduced or exited (79 trimmed, 61 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 46% of total institutional value in TNC is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -30 funds (more exits than new entries). Total institutional holders: 217.

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.

Is It Too Late to Buy Tennant Co (TNC) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TNC has moved relative to its sector benchmark (XLI) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 45d ago
TNC
-21.8%
XLI
-51.8%

TNC outperformed XLI by +30.0% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 0d ago
TNC
+0.0%
XLI
+0.0%

Since the filing became public, TNC outperformed XLI by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

22 top-rated funds 2 high-conviction
Consensus
5.9
/ 10
breadth
×
Elite
2.2
/ 10
conviction
Hedge Fund Positioning: TNC
2026 Q2 Stats Unlock in 5 days 215 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 215 246 -12.6%
13F Shares 18M 17M 2.41%
Total Value $1.15B $1.26B -8.56%
New Positions 29 24 +5
Increased Positions 82 73 +9
Closed Positions 60 34 +26
Reduced Positions 77 110 -33
Total Calls 3 0 100%
Total Puts 2 2 -
PUT/CALL Ratio 0.67 0.0 Bullish

Statistics: TNC

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

215 + investors

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

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 TNC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Kopion Asset Management, LLC 5.53% 99,878 $8.7M
2 Lightrock Netherlands B.V. 2.66% 153,598 $13.4M
3 White Pine Capital LLC 0.66% 31,876 $2.8M
4 Gamco Investors, INC. Et Al 0.55% 701,100 $61.4M
5 Albert D Mason Inc 0.50% 9,968 $873K
6 Teton Advisors, LLC 0.43% 8,500 $744K
7 Martin & Co Inc /Tn/ 0.36% 26,086 $2.3M
8 Sylvest Advisors, LLC 0.35% 8,904 $779K
9 Cramer Rosenthal Mcglynn LLC 0.26% 59,436 $5.2M
10 River Road Asset Management, LLC 0.20% 203,677 $17.8M
11 Peregrine Capital Management LLC 0.18% 63,541 $5.6M
12 Advisory Research Inc 0.17% 19,779 $1.7M
13 SFE Investment Counsel 0.14% 12,175 $1.1M
14 WINTON GROUP Ltd 0.12% 41,389 $3.6M
15 Gabelli Funds LLC 0.11% 201,700 $17.7M
16 Skylands Capital, LLC 0.06% 5,700 $499K
17 Easterly Investment Partners LLC 0.05% 12,000 $1.1M
18 North Star Investment Management Corp. 0.05% 10,975 $961K
19 Isthmus Partners, LLC 0.05% 6,000 $525K
20 Accredited Investors Inc. 0.05% 13,162 $1.2M
21 Wedge Capital Management L L P/Nc 0.04% 30,856 $2.7M
22 Clean Yield Group 0.03% 1,415 $124K
23 Inspire Investing, LLC 0.03% 7,875 $689K
24 Linden Thomas Advisory Services, LLC 0.02% 3,120 $273K
25 American Century Companies Inc 0.02% 541,413 $47.4M
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 — 2 quarters in a row: For 2 consecutive quarters, 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 — 45% buying: Last quarter: 140 funds reduced or exited vs 113 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?

Elite ownership — 46% AUM from top-100 funds: 43 of 217 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in TNC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held TNC?

65% of holders stayed for 2+ years: 141 out of 217 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.

Is it too late to buy Tennant Co (TNC) following the 2026 Q2 hedge fund 13F filings?

As of today, TNC has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the XLI sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), TNC has gained -21.8% vs -51.8% for XLI. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

Full history →