Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Tenaya Therapeutics Inc (TNYA)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +5
Streak
3Q ▲
Buyers last Q
58%

Smart Money Signals — TNYA

Based on 101 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added TNYA 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 (96% of max)

96% of all-time peak
101 hedge funds hold TNYA 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.
📉

Outflows — 4% fewer funds vs a year ago

fund count last 6Q
4 fewer hedge funds hold TNYA compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 58% buying

59 buying42 selling
Last quarter: 59 funds bought or added vs 42 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 — ~27 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 20 → 20 → 26 → 27. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 37% long-term, 39% new

■ 37% conviction (2yr+) ■ 25% medium ■ 39% new
Of the 101 current holders: 37 (37%) held >2 years, 25 held 1–2 years, and 39 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
📈

Growing discovery — still being found

31 → 20 → 20 → 26 → 27 new funds/Q
New funds entering each quarter: 20 → 20 → 26 → 27. A growing number of institutions are discovering TNYA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 49% veterans vs 43% newcomers

■ 49% veterans ■ 8% 1-2yr ■ 43% new
Entry-cohort mix of 106 holders: 52 (49%) are 2+ year veterans, 8 entered 1–2 years ago, and 46 (43%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 29% AUM from major funds

29% from top-100 AUM funds
26 of 101 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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 — TNYA

In 2026 Q1, 59 hedge funds were net buyers of TNYA (27 opened a new position, 32 added to an existing one), while 42 reduced or exited (20 trimmed, 22 sold completely) — a 58% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 29% of total institutional value in TNYA is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +5 funds (more new holders than closures). Total institutional holders: 101.

Hedge Fund Ownership: TNYA

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

Market Analysis: TNYA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TNYA

-- --

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

Is It Too Late to Buy Tenaya Therapeutics Inc (TNYA) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TNYA 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 · 84d ago
TNYA
+1.1%
XLV
+708.5%

TNYA outperformed XLV by -707.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 39d ago
TNYA
-18.6%
XLV
+695.4%

Since the filing became public, TNYA outperformed XLV by -714.0% .

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.

10 top-rated funds 1 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: TNYA
101 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 101 96 5.21%
13F Shares 55M 69M -20.57%
Total Value $37M $49M -24.61%
New Positions 27 26 +1
Increased Positions 31 31 -
Closed Positions 22 20 +2
Reduced Positions 18 19 -1
Total Calls 3 3 -
Total Puts 2 3 -33.33%
PUT/CALL Ratio 0.67 1.0 Bullish

Statistics: TNYA

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

Financial Highlights

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Institutional Holders (2026 Q1)

101 + investors

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

QUARTER:
Top 25 TNYA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Empery Asset Management, LP 3.58% 4,286,933 $3.0M
2 Kalehua Capital Management LLC 1.17% 2,000,000 $1.4M
3 Euclidean Capital LLC 0.18% 1,015,705 $703K
4 StepStone Group LP 0.15% 462,163 $319K
5 Mirador Capital Partners LP 0.09% 886,917 $614K
6 Burkehill Global Management, LP 0.07% 2,000,000 $1.4M
7 ADAR1 Capital Management, LLC 0.06% 1,507,800 $1.0M
8 Castleview Partners, LLC 0.05% 153,137 $106K
9 Casdin Capital, LLC 0.02% 361,969 $251K
10 Alphabet Inc. 0.02% 915,705 $632K
11 Integrity Wealth Solutions LLC 0.01% 39,708 $27K
12 Raiffeisen Bank International AG 0.01% 1,000,000 $620K
13 Northern Lights Advisors, Inc. 0.01% 14,953 $11K
14 Rik Saylor Financial, INC. 0.01% 13,500 $9K
15 Rezny Wealth Management, Inc. 0.01% 40,000 $28K
16 NINE MASTS CAPITAL Ltd 0.01% 51,344 $36K
17 Redhawk Wealth Advisors, Inc. 0.00% 65,350 $45K
18 Ewa, LLC 0.00% 28,680 $20K
19 R Squared Ltd 0.00% 11,208 $8K
20 Renaissance Technologies LLC 0.00% 3,713,761 $2.6M
21 Catalyst Funds Management Pty Ltd 0.00% 33,200 $23K
22 VSM Wealth Advisory, LLC 0.00% 15,000 $10K
23 Parkwoods Wealth Partners, LLC 0.00% 17,800 $12K
24 Bridgeway Capital Management, LLC 0.00% 194,800 $135K
25 Legacy Wealth Partners, LLC 0.00% 14,084 $10K
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 — Tenaya Therapeutics Inc (TNYA)

What does the Smart Money Trend signal show for TNYA?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added TNYA 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 TNYA?

Slight buying edge — 58% buying: Last quarter: 59 funds bought or added vs 42 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 TNYA holders?

Strong quality — 29% AUM from major funds: 26 of 101 holders rank in the top 100 by AUM, accounting for 29% 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 TNYA?

Mixed — 37% long-term, 39% new: Of the 101 current holders: 37 (37%) held >2 years, 25 held 1–2 years, and 39 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Tenaya Therapeutics Inc (TNYA) following the 2026 Q1 hedge fund 13F filings?

As of today, TNYA has moved -18.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +695.4% for the XLV sector ETF — an outperformance of -714.0%. Since the quarter end (March 31, 2026), TNYA has gained +1.1% vs +708.5% 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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