Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Tenable Hldgs Inc (TENB)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +31
Streak
1Q ▲
Buyers last Q
61%

Smart Money Signals — TENB

Based on 305 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added TENB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
305 hedge funds hold TENB right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +4% more funds vs a year ago

fund count last 6Q
+13 new funds entered over the past year (+4% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 61% buying

193 buying123 selling
Last quarter: 193 funds were net buyers (68 opened a brand new position + 125 added to an existing one). Only 123 were sellers (86 trimmed + 37 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+15 vs last Q)

new funds entering per quarter
Funds opening a new TENB position: 37 → 49 → 53 → 68. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 20% medium ■ 25% new
167 out of 305 hedge funds have held TENB 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 +10%, value -23%

Value
-22%
Shares
+10%
Last quarter: funds added +10% more shares while total portfolio value only changed -23%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

48 → 37 → 49 → 53 → 68 new funds/Q
New funds entering each quarter: 37 → 49 → 53 → 68. A growing number of institutions are discovering TENB each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 66% of holders stayed 2+ years

■ 66% veterans ■ 11% 1-2yr ■ 24% new
Of 312 current holders: 205 (66%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
46 of 305 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 — TENB

In 2026 Q1, 193 hedge funds were net buyers of TENB (68 opened a new position, 125 added to an existing one), while 123 reduced or exited (86 trimmed, 37 sold completely) — a 61% buyer ratio, indicating clear institutional accumulation. 39% of total institutional value in TENB is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +31 funds (more new holders than closures). Total institutional holders: 305.

Hedge Fund Ownership: TENB

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

Market Analysis: TENB

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TENB

-- --

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

Is It Too Late to Buy Tenable Hldgs Inc (TENB) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TENB has moved relative to its sector benchmark (XLK) 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 · 77d ago
TENB
+63.9%
XLK
nan%

TENB outperformed XLK by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 32d ago
TENB
+29.0%
XLK
nan%

Since the filing became public, TENB outperformed XLK by nan% .

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.

28 top-rated funds 0 high-conviction
Consensus
6.3
/ 10
breadth
×
Elite
1.4
/ 10
conviction
Hedge Fund Positioning: TENB
303 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 303 274 10.58%
13F Shares 123M 112M 10.08%
Total Value $2.03B $2.63B -22.96%
New Positions 66 53 +13
Increased Positions 125 106 +19
Closed Positions 37 60 -23
Reduced Positions 85 96 -11
Total Calls 7 1 600.0%
Total Puts 1 3 -66.67%
PUT/CALL Ratio 0.14 3.0 Bullish

Statistics: TENB

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

303 + investors

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

QUARTER:
Top 25 TENB holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Archon Capital Management LLC 4.95% 519,002 $8.8M
2 RGM Capital, LLC 4.65% 4,071,191 $95.8M
3 Shapiro Capital Management LLC 4.39% 4,150,152 $70.2M
4 Graphene Investments SAS 1.69% 148,800 $2.5M
5 ClearAlpha Technologies LP 1.64% 47,277 $800K
6 Firetrail Investments Pty Ltd 1.36% 234,661 $4.0M
7 Monimus Capital Management, LP 1.10% 234,731 $4.0M
8 Counterpoint Mutual Funds LLC 0.67% 265,541 $4.5M
9 Susquehanna Fundamental Investments, LLC 0.23% 368,939 $6.2M
10 Fox Run Management, L.L.C. 0.20% 66,778 $1.1M
11 Topline Capital Management, LLC 0.20% 69,904 $1.2M
12 Twinbeech Capital LP 0.19% 108,667 $1.8M
13 J. Goldman & Co LP 0.19% 384,796 $6.5M
14 IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.19% 146,706 $2.5M
15 Buckland Partners Management Co LLC 0.17% 17,000 $288K
16 Haven Private, LLC 0.16% 21,079 $357K
17 AlphaQuest LLC 0.15% 113,292 $2.7M
18 Stephens Investment Management Group LLC 0.15% 633,122 $10.7M
19 Hilton Capital Management, LLC 0.13% 105,073 $1.8M
20 Jacobs Levy Equity Management, Inc 0.13% 1,841,995 $31.2M
21 EntryPoint Capital, LLC 0.13% 26,046 $441K
22 Headlands Technologies LLC 0.11% 58,374 $987K
23 Byrne Asset Management LLC 0.10% 9,630 $163K
24 Oxford Asset Management LLP 0.09% 12,594 $213K
25 Tempus Wealth Planning, LLC 0.09% 23,391 $396K
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 — Tenable Hldgs Inc (TENB)

What does the Smart Money Trend signal show for TENB?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added TENB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for TENB?

More buyers than sellers — 61% buying: Last quarter: 193 funds were net buyers (68 opened a brand new position + 125 added to an existing one). Only 123 were sellers (86 trimmed + 37 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for TENB holders?

Strong quality — 39% AUM from major funds: 46 of 305 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held TENB?

55% of holders stayed for 2+ years: 167 out of 305 hedge funds have held TENB 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 Tenable Hldgs Inc (TENB) following the 2026 Q1 hedge fund 13F filings?

As of today, TENB has moved +29.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to nan% for the XLK sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), TENB has gained +63.9% vs nan% for XLK. 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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