Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Tela Bio Inc (TELA)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -8
Streak
1Q ▼
Buyers last Q
50%

Smart Money Signals — TELA

Based on 33 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their TELA 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 50% of 3.0Y high

50% of all-time peak
Only 33 funds hold TELA today versus a peak of 66 funds at 2024 Q2 — just 50% 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 — 30% fewer funds vs a year ago

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

Slight buying edge — 50% buying

16 buying16 selling
Last quarter: 16 funds bought or added vs 16 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~3 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 3 → 7 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

45% of holders stayed for 2+ years

■ 45% conviction (2yr+) ■ 39% medium ■ 15% new
15 out of 33 hedge funds have held TELA 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.
💎

Buying through price weakness — shares -3%, value -49%

Value
-48%
Shares
-2%
Last quarter: funds added -3% more shares while total portfolio value only changed -49%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~3 new funds/quarter

12 → 8 → 3 → 7 → 3 new funds/Q
New funds entering each quarter: 8 → 3 → 7 → 3. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 53% veterans vs 29% newcomers

■ 53% veterans ■ 18% 1-2yr ■ 29% new
Entry-cohort mix of 34 holders: 18 (53%) are 2+ year veterans, 6 entered 1–2 years ago, and 10 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 10% AUM from top-100

10% from top-100 AUM funds
9 of 33 holders rank in the top 100 by AUM, but together hold only 10% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
1.0
out of 10
Low Exit Risk
Exit risk score 1.0/10 — 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 — TELA

In 2026 Q1, 16 hedge funds were net buyers of TELA (3 opened a new position, 13 added to an existing one), while 16 reduced or exited (5 trimmed, 11 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: -8 funds (more exits than new entries). Total institutional holders: 33.

Hedge Fund Ownership: TELA

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

Market Analysis: TELA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TELA

-- --

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

Is It Too Late to Buy Tela Bio Inc (TELA) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TELA has moved relative to its sector benchmark (XLV) since the 2026 Q1 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 March 31, 2026 · 90d ago
TELA
+13.9%
XLV
+9.8%

TELA outperformed XLV by +4.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 45d ago
TELA
-28.7%
XLV
+11.0%

Since the filing became public, TELA outperformed XLV by -39.7% .

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.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: TELA
33 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 33 41 -19.51%
13F Shares 28M 28M -2.51%
Total Value $17M $33M -48.6%
New Positions 3 7 -4
Increased Positions 13 12 +1
Closed Positions 11 7 +4
Reduced Positions 4 7 -3
Total Calls 1 1 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: TELA

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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

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) --
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Institutional Holders (2026 Q1)

33 + investors

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

QUARTER:
Top 25 TELA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Essex Woodlands Management, Inc. 1.91% 7,714,709 $4.8M
2 Perkins Capital Management Inc 0.82% 1,418,328 $879K
3 Stonepine Capital Management, LLC 0.65% 2,617,252 $1.6M
4 DAFNA Capital Management LLC 0.20% 1,441,029 $893K
5 Silverarc Capital Management, LLC 0.14% 2,259,312 $1.4M
6 Nantahala Capital Management, LLC 0.12% 5,144,114 $3.2M
7 Up Strategic Wealth Investment Advisors LLC 0.07% 99,888 $110K
8 WealthTrust Axiom LLC 0.06% 376,938 $234K
9 Sio Capital Management, LLC 0.06% 636,300 $395K
10 Nantahala Capital Management, LLC 0.02% 750,000 $465K
11 Ducere Wealth Management LLC 0.01% 41,000 $25K
12 Embree Financial Group 0.01% 118,178 $73K
13 Destiny Wealth Partners, LLC 0.00% 52,500 $33K
14 Great Valley Advisor Group, INC. 0.00% 19,703 $12K
15 Citigroup Inc 0.00% 750,000 $465K
16 XTX Topco Ltd 0.00% 15,173 $9K
17 UBS Group AG 0.00% 1,059,524 $657K
18 Renaissance Technologies LLC 0.00% 52,600 $33K
19 Vanguard Fiduciary Trust Co 0.00% 211,662 $131K
20 Vanguard Capital Management LLC 0.00% 1,540,624 $955K
21 PNC Financial Services Group, INC. 0.00% 53,612 $33K
22 Tower Research Capital LLC (TRC) 0.00% 884 —
23 Raymond James Financial Inc 0.00% 49,700 $31K
24 HighTower Advisors, LLC 0.00% 11,200 $7K
25 Steward Partners Investment Advisory, LLC 0.00% 1,991 $1K
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 — Tela Bio Inc (TELA)

What does the Smart Money Trend signal show for TELA?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their TELA 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 TELA?

Slight buying edge — 50% buying: Last quarter: 16 funds bought or added vs 16 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for TELA holders?

Smaller funds dominant — 10% AUM from top-100: 9 of 33 holders rank in the top 100 by AUM, but together hold only 10% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held TELA?

45% of holders stayed for 2+ years: 15 out of 33 hedge funds have held TELA 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 Tela Bio Inc (TELA) following the 2026 Q1 hedge fund 13F filings?

As of today, TELA has moved -28.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +11.0% for the XLV sector ETF — an outperformance of -39.7%. Since the quarter end (March 31, 2026), TELA has gained +13.9% vs +9.8% for XLV. 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.

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