TS β€” TENARIS S A

Ownership history in Qube Research & Technologies Ltd  Β·  14 quarters on record

This page tracks every 13F SEC filing in which Qube Research & Technologies Ltd reported a position in TENARIS S A (TS). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.15% (2018 Q1)
πŸ“Š Avg. % of fund
0.04%
πŸ“… First filed
2018 Q1
πŸ“… Last filed
2025 Q3
⏱ Quarters held
14

Position Intelligence

Qube Research & Technologies Ltd Γ— TS AI Analytics

πŸ“ˆ Qube Research & Technologies Ltd outperformed the S&P 500 by +12.0% annually on this TS position. Timing score: 58% (7/12 decisions correct). Average cost basis: $25.14. Maximum drawdown during holding period: –46.8%.

πŸ“ˆ Position Alpha vs SPY
+12.0%
annualised excess return

πŸ”₯ Exceptional β€” beat the S&P 500 by 12.0% per year on this position.
12 quarters analyzed

⏱️ Timing Score
58%

βœ… Decent timing β€” more right than wrong on entries and exits.
7 of 12 add/trim decisions correct

πŸ’° Entry Quality
$25.14
+42.3% vs current ($35.77)

Best entry: $10.17 (2020 Q1)  Β·  Worst: $32.38 (2023 Q4)

πŸ›‘οΈ Drawdown Resilience
–46.8%
max drawdown while held

πŸ’ͺ Held through 2 major drawdowns (>20%).

πŸ’ͺ Fund Conviction
64%
buy-side decisions

9 adds Β· 5 trims. Bought during 3 of 3 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.01% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    TS price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 REDUCED 240,918 -177,934 -42.5% 0.01% $8.6M $35.77
2024 Q2 ADDED 418,852 +403,784 +2679.7% 0.02% $12.8M $29.09
2024 Q1 REDUCED 15,068 -95,474 -86.4% 0.00% $592K $36.58
2023 Q4 ADDED 110,542 +27,708 +33.5% 0.01% $3.8M $32.38
2023 Q3 REDUCED 82,834 -22,293 -21.2% 0.01% $2.6M $29.09
2023 Q2 REDUCED 105,127 -685,178 -86.7% 0.01% $3.1M $27.57
2023 Q1 ADDED 790,305 +565,387 +251.4% 0.10% $22.5M $25.50
2022 Q4 ADDED 224,918 +130,037 +137.1% 0.04% $7.9M $31.55
2022 Q3 REDUCED 94,881 -399,142 -80.8% 0.01% $2.5M $22.95
2022 Q2 ADDED 494,023 +330,748 +202.6% 0.09% $12.7M $22.82
4 older quarters hidden  β€”  Sign in free or upgrade to Premium to see full history

🏒 Other funds also holding TS

As of 2025 Q4 β€” sorted by position size

Westwood Global Investments, LLC 3Y 7Y 14.22% Medina Value Partners, LLC 3Y 5.04% Kiltearn Partners LLP 3Y 7Y 2.07% FEARNLEY ASSET MANAGEMENT AS 0.85% Mork Capital Management, LLC 3Y 7Y 0.66% CHESAPEAKE CAPITAL CORP /IL/ 0.52% Cadence Wealth Management LLC 3Y 0.41% Corient IA LLC 0.34% Bridgefront Capital, LLC 3Y 0.2% RENAISSANCE TECHNOLOGIES LLC 3Y 7Y 0.18%
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