Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Telefonica S A (TEF)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -195
Streak
2Q ▼
Buyers last Q
8%

Smart Money Signals — TEF

Based on 48 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 TEF positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 20% of 3.0Y high

20% of all-time peak
Only 48 funds hold TEF today versus a peak of 246 funds at 2025 Q3 — just 20% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 80% fewer funds vs a year ago

fund count last 6Q
191 fewer hedge funds hold TEF compared to a year ago (-80% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴

Heavy selling pressure — only 8% buying

18 buying217 selling
Last quarter: 217 funds sold vs only 18 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-31 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 28 → 32 → 40 → 9. 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.
🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 21% medium ■ 23% new
27 out of 48 hedge funds have held TEF 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

28 → 28 → 32 → 40 → 9 new funds/Q
New funds entering each quarter: 28 → 32 → 40 → 9. TEF 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 — 62% veterans vs 27% newcomers

■ 62% veterans ■ 10% 1-2yr ■ 27% new
Entry-cohort mix of 48 holders: 30 (62%) are 2+ year veterans, 5 entered 1–2 years ago, and 13 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 66% AUM from top-100 funds

66% from top-100 AUM funds
3 of 48 holders are among the 100 largest funds by AUM, controlling 66% of total institutional value in TEF. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.7
out of 10
Low Exit Risk
Exit risk score 2.7/10 — 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 — TEF

In 2026 Q1, 18 hedge funds were net buyers of TEF (9 opened a new position, 9 added to an existing one), while 217 reduced or exited (13 trimmed, 204 sold completely) — a 8% buyer ratio, indicating net institutional distribution. Net selling has persisted for two consecutive quarters. 66% of total institutional value in TEF is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -195 funds (more exits than new entries). Total institutional holders: 48.

Hedge Fund Ownership: TEF

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

Market Analysis: TEF

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TEF

-- --

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: TEF
46 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 46 243 -81.07%
13F Shares 4M 58M -93.84%
Total Value $15M $237M -93.77%
New Positions 9 40 -31
Increased Positions 7 49 -42
Closed Positions 206 43 +163
Reduced Positions 13 106 -93
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: TEF

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Valuation Measures Data as of: --

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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

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Return on Assets (ttm) --
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Institutional Holders (2026 Q1)

46 + investors

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

QUARTER:
Top 25 TEF holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 First Affirmative Financial Network 0.39% 161,830 $822K
2 Auxier Asset Management LLC 0.09% 150,998 $655K
3 New Vernon Capital Holdings II LLC 0.04% 11,168 $48K
4 Zevin Asset Management LLC 0.03% 53,575 $233K
5 VSM Wealth Advisory, LLC 0.02% 19,209 $83K
6 Koshinski Asset Management, Inc. 0.01% 53,000 $230K
7 Cozad Asset Management Inc 0.01% 36,638 $159K
8 Hickory Point Bank & Trust 0.01% 2,000 $9K
9 Greenleaf Trust 0.00% 80,033 $350K
10 Signaturefd, LLC 0.00% 51,392 $223K
11 Yousif Capital Management, LLC 0.00% 59,147 $259K
12 Assetmark, Inc 0.00% 266,549 $1.2M
13 Barclays plc 0.00% 2,188,868 $9.5M
14 DRW Securities, LLC 0.00% 30,624 $133K
15 Salomon & Ludwin, LLC 0.00% 4,416 $19K
16 Florida Trust Wealth Management Co 0.00% 13,875 $61K
17 Brooklyn Investment Group 0.00% 10,727 $47K
18 GAMMA Investing LLC 0.00% 5,521 $24K
19 United Capital Financial Advisors, LLC 0.00% 28,924 $126K
20 Innovative Asset Advisors Group, LLC 0.00% 286 $1K
21 Ares Financial Consulting, LLC 0.00% 188 —
22 Glenmede Trust Co NA 0.00% 28,992 $127K
23 Williams Jones Wealth Management, LLC. 0.00% 11,377 $49K
24 Steigerwald, Gordon & Koch Inc. 0.00% 1,337 $6K
25 Rhumbline Advisers 0.00% 98,827 $429K
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 — Telefonica S A (TEF)

What does the Smart Money Trend signal show for TEF?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their TEF 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 TEF?

Heavy selling pressure — only 8% buying: Last quarter: 217 funds sold vs only 18 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for TEF holders?

Elite ownership — 66% AUM from top-100 funds: 3 of 48 holders are among the 100 largest funds by AUM, controlling 66% of total institutional value in TEF. 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 TEF?

56% of holders stayed for 2+ years: 27 out of 48 hedge funds have held TEF 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.

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