Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

TOURMALINE BIO INC (TRML)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +26
Streak
1Q ▲
Buyers last Q
52%

Smart Money Signals — TRML

Based on 131 hedge funds · latest filing: 2025 Q3 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added TRML 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
131 hedge funds hold TRML right now — the highest count in 2.0 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.
🚀

Fast accumulation — +44% more funds vs a year ago

fund count last 6Q
+40 new funds entered over the past year (+44% 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.
🟡

Slight buying edge — 52% buying

72 buying66 selling
Last quarter: 72 funds bought or added vs 66 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.
📈

More new buyers each quarter (+32 vs last Q)

new funds entering per quarter
Funds opening a new TRML position: 21 → 21 → 17 → 49. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
💎

Buying through price weakness — shares -10%, value -95%

Value
-95%
Shares
-10%
Last quarter: funds added -10% more shares while total portfolio value only changed -95%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
🚀

Acceleration phase — new buyers rushing in

20 → 21 → 21 → 17 → 49 new funds/Q
New funds entering each quarter: 21 → 21 → 17 → 49. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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.

Hedge Fund Ownership: TRML

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

Market Analysis: TRML

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TRML

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

28 top-rated funds 3 high-conviction
Consensus
6.3
/ 10
breadth
×
Elite
2.8
/ 10
conviction
Hedge Fund Positioning: TRML
2026 Q1 Stats Unlock in 19 days 0 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 0 136 -100.0%
13F Shares 0 22M -100.0%
Total Value $0 $1.03B -100.0%
New Positions 0 52 -52
Increased Positions 0 23 -23
Closed Positions 136 23 +113
Reduced Positions 0 44 -44
Total Calls 0 3 -100.0%
Total Puts 0 2 -100.0%
PUT/CALL Ratio 0.0 0.67 Bullish

Statistics: TRML

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
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)

0 + investors

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

Top 25 institutional holders of TRML — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Qiming U.S. Ventures Management, LLC 63.76% 741,691 $35.5M
2 PFIZER INC 13.91% 1,272,214 $60.8M
3 ACUTA CAPITAL PARTNERS, LLC 13.27% 268,451 $12.8M
4 QVT Financial LP 7.27% 2,154,653 $103.1M
5 Chicago Capital Management, LLC 4.81% 112,406 $5.4M
6 TCG Crossover Management, LLC 3.09% 1,311,783 $62.7M
7 Vivo Capital, LLC 2.28% 591,882 $28.3M
8 First Trust Capital Management L.P. 2.15% 695,757 $33.3M
9 HARVEST MANAGEMENT LLC 2.07% 100,000 $4.8M
10 Versor Investments LP 1.91% 217,221 $10.4M
11 NEXPOINT ASSET MANAGEMENT, L.P. 1.89% 455,360 $21.8M
12 TIG Advisors, LLC 1.76% 619,763 $29.6M
13 Avoro Capital Advisors LLC 1.58% 2,555,555 $122.2M
14 NAN FUNG TRINITY (HK) Ltd 1.08% 227,090 $10.9M
15 BCK CAPITAL MANAGEMENT LP 0.99% 19,471 $931K
16 Twin Securities, Inc. 0.79% 33,301 $1.6M
17 ALPINE ASSOCIATES MANAGEMENT INC. 0.57% 196,177 $9.4M
18 AQR Arbitrage LLC 0.46% 374,785 $17.9M
19 OXFORD ASSET MANAGEMENT LLP 0.33% 18,756 $897K
20 WATER ISLAND CAPITAL LLC 0.31% 50,968 $2.4M
21 GLAZER CAPITAL, LLC 0.29% 180,155 $8.6M
22 Magnetar Financial LLC 0.28% 966,129 $46.2M
23 Velan Capital Investment Management LP 0.26% 5,800 $277K
24 GABELLI & Co INVESTMENT ADVISERS, INC. 0.24% 31,050 $1.5M
25 FORA Capital, LLC 0.15% 18,087 $865K
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 — TOURMALINE BIO INC (TRML)

What does the Smart Money Trend signal show for TRML?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added TRML 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 TRML?

Slight buying edge — 52% buying: Last quarter: 72 funds bought or added vs 66 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.

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.