Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Tecogen Inc New (TGEN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -8
Streak
2Q ▼
Buyers last Q
42%

Smart Money Signals — TGEN

Based on 60 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 TGEN positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 85% of 3.0Y peak

85% of all-time peak
60 funds currently hold this stock — 85% of the 3.0-year high of 71 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +5900% more funds vs a year ago

fund count last 6Q
+59 new funds entered over the past year (+5900% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟠

More sellers than buyers — 42% buying

31 buying42 selling
Last quarter: 42 funds reduced or exited vs 31 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~14 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 28 → 43 → 17 → 14. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 52% entered in last year

■ 23% conviction (2yr+) ■ 25% medium ■ 52% new
Only 14 funds (23%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎

Buying through price weakness — shares +3%, value -47%

Value
-47%
Shares
+3%
Last quarter: funds added +3% more shares while total portfolio value only changed -47%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
⚠️

Saturation — most institutions already know this story

1 → 28 → 43 → 17 → 14 new funds/Q
New funds entering each quarter: 28 → 43 → 17 → 14. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🌱

Early stage — 76% of holders entered in last year

■ 24% veterans ■ 0% 1-2yr ■ 76% new
Of 66 current holders: 50 (76%) entered in the past year, only 16 (24%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
📋

Smaller funds dominant — 16% AUM from top-100

16% from top-100 AUM funds
14 of 60 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
5.7
out of 10
Moderate Exit Risk
Exit risk score 5.7/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 — TGEN

In 2026 Q1, 31 hedge funds were net buyers of TGEN (14 opened a new position, 17 added to an existing one), while 42 reduced or exited (20 trimmed, 22 sold completely) — a 42% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. Net fund flow last quarter: -8 funds (more exits than new entries). Total institutional holders: 60.

Hedge Fund Ownership: TGEN

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

Market Analysis: TGEN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TGEN

-- --

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

Is It Too Late to Buy Tecogen Inc New (TGEN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TGEN has moved relative to its sector benchmark (XLI) 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 · 79d ago
TGEN
+125.8%
XLI
+11.0%

TGEN outperformed XLI by +114.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
TGEN
+2.3%
XLI
+4.8%

Since the filing became public, TGEN outperformed XLI by -2.5% .

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.

8 top-rated funds 0 high-conviction
Consensus
4.1
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: TGEN
60 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 60 68 -11.76%
13F Shares 9M 8M 3.26%
Total Value $21M $41M -47.33%
New Positions 14 17 -3
Increased Positions 15 22 -7
Closed Positions 22 20 +2
Reduced Positions 19 17 +2
Total Calls 3 5 -40.0%
Total Puts 3 3 -
PUT/CALL Ratio 1.0 0.6 Neutral

Statistics: TGEN

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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) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

60 + investors

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

QUARTER:
Top 25 TGEN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Bard Associates Inc 0.44% 688,309 $1.8M
2 Palisades Investment Partners, LLC 0.34% 333,907 $855K
3 Meros Investment Management, LP 0.32% 291,705 $747K
4 Thompson Davis & CO., INC. 0.17% 99,000 $253K
5 HERALD INVESTMENT MANAGEMENT Ltd 0.15% 420,000 $1.1M
6 Arosa Capital Management LP 0.14% 350,000 $896K
7 Clear Harbor Asset Management, LLC 0.11% 650,000 $1.7M
8 Portolan Capital Management, LLC 0.06% 443,555 $1.1M
9 Diametric Capital, LP 0.04% 53,131 $136K
10 Apis Capital Advisors, LLC 0.03% 77,000 $197K
11 Corsair Capital Management, L.P. 0.02% 55,017 $141K
12 Granahan Investment Management, LLC 0.01% 88,496 $227K
13 Gendell Jeffrey L 0.01% 245,541 $629K
14 PFG Investments, LLC 0.01% 62,523 $160K
15 Integrated Wealth Concepts LLC 0.00% 218,380 $559K
16 Bridgeway Capital Management, LLC 0.00% 33,048 $85K
17 Jump Financial, LLC 0.00% 35,500 $91K
18 Renaissance Technologies LLC 0.00% 272,300 $697K
19 Gamco Investors, INC. Et Al 0.00% 40,000 $102K
20 Tower Research Capital LLC (TRC) 0.00% 10,189 $26K
21 Marshall Wace, LLP 0.00% 207,467 $531K
22 New York State Common Retirement Fund 0.00% 137,200 $351K
23 Group One Trading LLC 0.00% 83,922 $215K
24 HighTower Advisors, LLC 0.00% 132,665 $340K
25 Citizens Financial Group Inc/Ri 0.00% 10,000 $26K
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 — Tecogen Inc New (TGEN)

What does the Smart Money Trend signal show for TGEN?

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

More sellers than buyers — 42% buying: Last quarter: 42 funds reduced or exited vs 31 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for TGEN holders?

Smaller funds dominant — 16% AUM from top-100: 14 of 60 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held TGEN?

Mostly new holders — 52% entered in last year: Only 14 funds (23%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Tecogen Inc New (TGEN) following the 2026 Q1 hedge fund 13F filings?

As of today, TGEN has moved +2.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLI sector ETF — an outperformance of -2.5%. Since the quarter end (March 31, 2026), TGEN has gained +125.8% vs +11.0% for XLI. 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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