TENNANT CO TNC
COM · Common Stock · CUSIP 880345103
Cleaning product company founded in Minneapolis, MN
- SectorIndustrials
- IndustryRefrigeration & Service Industry Machinery
- HeadquartersEden Prairie, MN
- Founded1870
- Websitetennantco.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.6m this quarter). Holder counts are more reliable. Shares outstanding: 17.0m as of 2026-07-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $86.13. Options: 3 managers hold calls ($2.1m notional), 1 hold puts ($5.2m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 154 |
| Q4 2022 | 155 |
| Q1 2023 | 174 |
| Q2 2023 | 188 |
| Q3 2023 | 215 |
| Q4 2023 | 238 |
| Q1 2024 | 251 |
| Q2 2024 | 252 |
| Q3 2024 | 258 |
| Q4 2024 | 261 |
| Q1 2025 | 250 |
| Q2 2025 | 250 |
| Q3 2025 | 261 |
| Q4 2025 | 253 |
| Q1 2026 | 218 |
| Q2 2026 | 239 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 116 | 125 |
| Q4 2024 | 131 | 112 |
| Q1 2025 | 106 | 133 |
| Q2 2025 | 117 | 131 |
| Q3 2025 | 119 | 108 |
| Q4 2025 | 95 | 141 |
| Q1 2026 | 106 | 140 |
| Q2 2026 | 105 | 111 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $1.8m | — |
| Q4 2025 | $22.1k | $1.7m | 75.67 |
| Q1 2026 | $1.7m | $4.3m | 2.47 |
| Q2 2026 | $2.1m | $5.2m | 2.45 |
Biggest buyers
| ALLIANCEBERNSTEIN L.P. | Added | +1.2m |
| FMR LLC | Added | +293.7k |
| First Eagle Investment Management, LLC | Added | +233.7k |
| ROYCE & ASSOCIATES LP | Added | +181.0k |
| MORGAN STANLEY | Added | +121.5k |
| ProShare Advisors LLC | New | +78.7k |
| CRAWFORD INVESTMENT COUNSEL INC | Added | +70.4k |
| CRAMER ROSENTHAL MCGLYNN LLC | New | +59.4k |
| Trexquant Investment LP | New | +36.9k |
| MARSHALL WACE, LLP | Added | +30.9k |
Biggest sellers
| Invenomic Capital Management LP | Reduced | -167.0k |
| MAIRS & POWER INC | Reduced | -121.7k |
| UBS Group AG | Reduced | -117.7k |
| P2 Capital Partners, LLC | Reduced | -79.0k |
| LSV ASSET MANAGEMENT | Reduced | -76.1k |
| TEACHER RETIREMENT SYSTEM OF TEXAS | Reduced | -75.8k |
| BROWN ADVISORY INC | Reduced | -75.5k |
| Kopion Asset Management, LLC | Reduced | -71.7k |
| River Road Asset Management, LLC | Reduced | -66.6k |
| Squarepoint Ops LLC | Reduced | -50.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.2m14.1k shares |
| CITADEL ADVISORS LLC | Reduced | $542.7k6.2k shares |
| JANE STREET GROUP, LLC | Reduced | $358.9k4.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.2m59.8k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-28 | 15.0% |
| ALLIANCEBERNSTEIN L.P. 13G · institution new · filed 2026-08-14 | 7.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.6% |
| FMR LLC 13G · institution new · filed 2026-08-06 | 5.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.3% |
Fell to 5% or below in the last year: GAMCO INVESTORS, INC. ET AL (4.4%, 2026-09-22), MAIRS & POWER INC (4.4%, 2026-05-13), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 3 | $967.0k | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 1 | $336.3k | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 3 | $1.3m | 3 | $623.7k | — |
| Q2 2026 | 0 | — | 1 | $605.1k | — |
| Q3 2026 | 3 | $849.2k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-31 | ALLEN PATRICK E Director | Bought | $208.3k3.0k shares |
| 2026-08-12 | Mulligan Donal L Director · By trust for spouse | Bought | $538.7k8.0k shares |
| 2026-08-12 | Morse Timothy R. Director | Bought | $102.3k1.5k shares |
| 2026-05-07 | Zay Richard H. CHIEF COMMERCIAL OFFICER | Sold | $605.1k6.9k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 2.7m $236.3m | Reduced -27.1k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 1.2m $80.8m | Added +1.2m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 1.2m $103.5m | Reduced -6.2k |
| FMR LLC 0.00% of their portfolio | 982.4k $86.0m | Added +293.7k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 767.0k $67.1m | Reduced -49.6k |
| STATE STREET CORP 0.00% of their portfolio | 711.4k $62.3m | Added +12.0k |
| GAMCO INVESTORS, INC. ET AL 0.55% of their portfolio | 701.1k $61.4m | Reduced -5.3k |
| MAIRS & POWER INC 0.55% of their portfolio | 681.8k $59.7m | Reduced -121.7k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 661.1k $57.9m | Added +27.0k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 541.4k $47.4m | Reduced -44.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 474.6k $41.6m | Added +10.4k |
| Vision One Management Partners, LP 12.34% of their portfolio | 391.6k $34.3m | Unchanged |
| Simcoe Capital Management, LLC 6.50% of their portfolio | 383.0k $33.5m | Added +10.1k |
| BROWN ADVISORY INC 0.05% of their portfolio | 367.7k $32.2m | Reduced -75.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 326.3k $28.6m | Reduced -6.9k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.16% of their portfolio | 273.5k $23.9m | Reduced -10.6k |
| First Eagle Investment Management, LLC 0.02% of their portfolio | 265.7k $23.3m | Added +233.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 251.6k $22.0m | Reduced -3.6k |
| MORGAN STANLEY 0.00% of their portfolio | 245.0k $21.5m | Added +121.5k |
| NEEDHAM INVESTMENT MANAGEMENT LLC 0.64% of their portfolio | 242.5k $21.2m | Added +13.5k |
| ROYCE & ASSOCIATES LP 0.17% of their portfolio | 241.0k $21.1m | Added +181.0k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.15% of their portfolio | 226.7k $19.8m | Added +3.7k |
| P2 Capital Partners, LLC 8.03% of their portfolio | 225.3k $19.7m | Reduced -79.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 207.3k $18.1m | Added +8.1k |
| River Road Asset Management, LLC 0.20% of their portfolio | 203.7k $17.8m | Reduced -66.6k |
| GABELLI FUNDS LLC 0.11% of their portfolio | 201.7k $17.7m | Added +2.0k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 198.7k $17.4m | Added +16.7k |
| Invenomic Capital Management LP 0.95% of their portfolio | 182.4k $16.0m | Reduced -167.0k |
| DEPRINCE RACE & ZOLLO INC 0.25% of their portfolio | 171.1k $15.0m | Reduced -12.0k |
| Lightrock Netherlands B.V. 2.66% of their portfolio | 153.6k $13.4m | Reduced -172 |
| UBS Group AG 0.00% of their portfolio | 129.3k $11.3m | Reduced -117.7k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 121.3k $10.6m | Added +650 |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 113.8k $10.0m | Reduced -6.3k |
| Kopion Asset Management, LLC 5.53% of their portfolio | 99.9k $8.7m | Reduced -71.7k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 98.9k $8.7m | Added +8.3k |
| CRAWFORD INVESTMENT COUNSEL INC 0.13% of their portfolio | 87.4k $7.6m | Added +70.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 82.4k $7.2m | Reduced -5.7k |
| ProShare Advisors LLC 0.01% of their portfolio | 78.7k $6.9m | New |
| Invesco Ltd. 0.00% of their portfolio | 76.8k $6.7m | Reduced -24.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 70.6k $6.2m | Added +26.5k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 65.4k $5.7m | Reduced -31.5k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.18% of their portfolio | 63.5k $5.6m | Reduced -5.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 63.5k $5.6m | Reduced -46.2k |
| Nuveen, LLC 0.00% of their portfolio | 60.5k $5.3m | Added +11.6k |
| CRAMER ROSENTHAL MCGLYNN LLC 0.26% of their portfolio | 59.4k $5.2m | New |
| Public Sector Pension Investment Board 0.01% of their portfolio | 58.5k $5.1m | Reduced -6.3k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 54.7k $4.8m | Added +30.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 49.1k $4.3m | Reduced -205 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 48.3k $4.2m | Reduced -458 |
| KENNEDY CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 46.6k $4.1m | Added +9.6k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 45.4k $4.0m | Reduced -7.1k |
| XTX Topco Ltd 0.05% of their portfolio | 42.2k $3.7m | Added +2.5k |
| WINTON GROUP Ltd 0.12% of their portfolio | 41.4k $3.6m | Added +26.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 40.3k $3.5m | Reduced -24.8k |
| Legal & General Group Plc 0.00% of their portfolio | 40.3k $3.5m | Reduced -1.1k |
| Trexquant Investment LP 0.02% of their portfolio | 36.9k $3.2m | New |
| Swiss National Bank 0.00% of their portfolio | 34.3k $3.0m | Added +300 |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.02% of their portfolio | 33.7k $3.0m | Added +18.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 33.7k $2.9m | Reduced -38.9k |
| WHITE PINE CAPITAL LLC 0.66% of their portfolio | 31.9k $2.8m | Reduced -6.8k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.04% of their portfolio | 30.9k $2.7m | Reduced -1.5k |
| Dorsey & Whitney Trust CO LLC 0.12% of their portfolio | 29.0k $2.5m | Reduced -10.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 28.7k $2.5m | Added +3.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 28.1k $2.5m | Reduced -35.7k |
| US BANCORP \DE\ 0.00% of their portfolio | 27.9k $2.4m | Added +64 |
| MARTIN & CO INC /TN/ 0.36% of their portfolio | 26.1k $2.3m | Reduced -30 |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 25.8k $2.3m | Reduced -5.8k |
| CITIGROUP INC 0.00% of their portfolio | 24.3k $2.1m | Added +18.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 24.0k $2.2m | Reduced -3.2k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 23.6k $2.1m | Reduced -23.8k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio | 23.3k $2.0m | Reduced -75.8k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 23.3k $2.0m | Reduced -28.7k |
| Creative Planning 0.00% of their portfolio | 22.3k $1.9m | Added +11.0k |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 21.1k $1.9m | Reduced -5.4k |
| ADVISORY RESEARCH INC 0.17% of their portfolio | 19.8k $1.7m | Reduced -631 |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 19.7k $1.7m | Added +500 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 19.3k $1.7m | Added +2.9k |
| Quadrature Capital Ltd 0.01% of their portfolio | 18.8k $1.6m | Added +4.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 18.7k $1.6m | Added +2.6k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 17.7k $1.6m | Reduced -920 |
| Quantinno Capital Management LP 0.00% of their portfolio | 17.0k $1.5m | Added +10.4k |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 16.3k $1.4m | Added +16.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 15.7k $1.4m | Added +8.8k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 15.1k $1.3m | Unchanged |
| Squarepoint Ops LLC 0.00% of their portfolio | 14.8k $1.3m | Reduced -50.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 13.9k $1.2m | Reduced -284 |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 13.4k $1.2m | Reduced -1.4k |
| Accredited Investors Inc. 0.05% of their portfolio | 13.2k $1.2m | Reduced -2.3k |
| OpenArc Corporate Advisory, LLC 0.01% of their portfolio | 12.6k $1.1m | Reduced -1.5k |
| SFE Investment Counsel 0.15% of their portfolio | 12.2k $1.1m | Reduced -995 |
| Allianz Asset Management GmbH 0.00% of their portfolio | 12.0k $799.1k | Unchanged |
| EASTERLY INVESTMENT PARTNERS LLC 0.05% of their portfolio | 12.0k $1.1m | New |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 11.2k $982.0k | Reduced -910 |
| North Star Investment Management Corp. 0.05% of their portfolio | 11.0k $960.8k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 10.7k $932.8k | Added +769 |
| MetLife Investment Management, LLC 0.00% of their portfolio | 10.5k $918.2k | Added +212 |
| ALBERT D MASON INC 0.50% of their portfolio | 10.0k $872.6k | Added +50 |
| BOKF, NA 0.01% of their portfolio | 9.7k $852.6k | Added +1.6k |
| Illinois Municipal Retirement Fund 0.01% of their portfolio | 9.7k $844.8k | Added +788 |
| TURTLE CREEK ASSET MANAGEMENT INC. 0.03% of their portfolio | 9.6k $840.4k | Reduced -3.4k |