Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Terreno Rlty Corp (TRNO)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +10
Streak
3Q ▲
Buyers last Q
55%

Smart Money Signals — TRNO

Based on 373 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 TRNO 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
373 hedge funds hold TRNO 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 — +7% more funds vs a year ago

fund count last 6Q
+26 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 55% buying

198 buying160 selling
Last quarter: 198 funds bought or added vs 160 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.
⚠️

Fewer new buyers each quarter (-20 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 43 → 43 → 65 → 45. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 23% medium ■ 18% new
220 out of 373 hedge funds have held TRNO 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.
📈

Growing discovery — still being found

52 → 43 → 43 → 65 → 45 new funds/Q
New funds entering each quarter: 43 → 43 → 65 → 45. A growing number of institutions are discovering TRNO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 65% veterans vs 20% newcomers

■ 65% veterans ■ 14% 1-2yr ■ 20% new
Entry-cohort mix of 373 holders: 243 (65%) are 2+ year veterans, 54 entered 1–2 years ago, and 76 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
58 of 372 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in TRNO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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 — TRNO

In 2026 Q1, 198 hedge funds were net buyers of TRNO (45 opened a new position, 153 added to an existing one), while 160 reduced or exited (125 trimmed, 35 sold completely) — a 55% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 46% of total institutional value in TRNO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 373.

Hedge Fund Ownership: TRNO

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

Market Analysis: TRNO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TRNO

-- --

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

Is It Too Late to Buy Terreno Rlty Corp (TRNO) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TRNO has moved relative to its sector benchmark (XLRE) 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 · 78d ago
TRNO
+4.0%
XLRE
+7.7%

TRNO outperformed XLRE by -3.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
TRNO
-1.8%
XLRE
+1.7%

Since the filing became public, TRNO outperformed XLRE by -3.5% .

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.

30 top-rated funds 1 high-conviction
Consensus
6.5
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: TRNO
371 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 371 363 2.2%
13F Shares 111M 107M 3.41%
Total Value $6.08B $6.04B 0.74%
New Positions 44 65 -21
Increased Positions 152 135 +17
Closed Positions 36 38 -2
Reduced Positions 125 128 -3
Total Calls 0 0 -
Total Puts 1 0 100%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: TRNO

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)

371 + investors

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

QUARTER:
Top 25 TRNO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Masterton Capital Management, LP 5.03% 89,980 $5.5M
2 Tandem Investment Advisors, Inc. 3.63% 1,206,993 $74.1M
3 Uniplan Investment Counsel, Inc. 2.87% 454,847 $27.9M
4 Bernzott Capital Advisors 2.67% 90,708 $5.6M
5 Resolution Capital Ltd 2.10% 1,623,857 $99.7M
6 GSI Capital Advisors LLC 2.03% 60,809 $3.7M
7 Cramer Rosenthal Mcglynn LLC 1.87% 414,018 $25.4M
8 Osterweis Capital Management Inc 1.76% 555,710 $34.1M
9 Phocas Financial Corp. 1.36% 140,798 $8.6M
10 Copeland Capital Management, LLC 1.32% 969,753 $59.6M
11 Davidson Investment Advisors 0.87% 277,574 $17.5M
12 Moody Aldrich Partners LLC 0.84% 75,864 $4.7M
13 Castellan Group 0.62% 72,689 $4.5M
14 Dockside LLC 0.59% 38,303 $2.4M
15 Capital Square, LLC 0.53% 17,674 $1.2M
16 Fairtree Asset Management (Pty) Ltd 0.53% 18,767 $1.2M
17 Odyssean, LLC 0.53% 23,505 $1.4M
18 DigitalBridge Group, Inc. 0.52% 133,900 $8.2M
19 Granite Investment Partners, LLC 0.51% 135,416 $8.3M
20 Sage Rhino Capital LLC 0.45% 39,496 $2.4M
21 Segall Bryant & Hamill, LLC 0.44% 431,150 $27.0M
22 Howland Capital Management LLC 0.41% 167,592 $10.4M
23 Azimuth Capital Investment Management LLC 0.37% 159,097 $9.8M
24 Mayport, LLC 0.32% 28,394 $1.7M
25 Spirit of America Management Corp/Ny 0.31% 25,875 $1.6M
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 — Terreno Rlty Corp (TRNO)

What does the Smart Money Trend signal show for TRNO?

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

Slight buying edge — 55% buying: Last quarter: 198 funds bought or added vs 160 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 TRNO holders?

Elite ownership — 46% AUM from top-100 funds: 58 of 372 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in TRNO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held TRNO?

59% of holders stayed for 2+ years: 220 out of 373 hedge funds have held TRNO 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 Terreno Rlty Corp (TRNO) following the 2026 Q1 hedge fund 13F filings?

As of today, TRNO has moved -1.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.7% for the XLRE sector ETF — an outperformance of -3.5%. Since the quarter end (March 31, 2026), TRNO has gained +4.0% vs +7.7% for XLRE. 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.

Full history →