Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Tenaris S A (TS)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +33
Streak
2Q ▲
Buyers last Q
60%

Smart Money Signals — TS

Based on 262 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added TS 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
262 hedge funds hold TS 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 — +16% more funds vs a year ago

fund count last 6Q
+36 new funds entered over the past year (+16% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 60% buying

159 buying105 selling
Last quarter: 159 funds were net buyers (71 opened a brand new position + 88 added to an existing one). Only 105 were sellers (67 trimmed + 38 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+21 vs last Q)

new funds entering per quarter
Funds opening a new TS position: 35 → 35 → 50 → 71. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 21% medium ■ 29% new
132 out of 262 hedge funds have held TS 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.
💰

Value +71% but shares only +20% — price-driven

Value
+70%
Shares
+20%
Last quarter: the total dollar value of institutional holdings rose +71%, but actual share count only changed +20%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
🚀

Acceleration phase — new buyers rushing in

33 → 35 → 35 → 50 → 71 new funds/Q
New funds entering each quarter: 35 → 35 → 50 → 71. 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.
🏛️

Veteran-anchored — 58% veterans vs 30% newcomers

■ 58% veterans ■ 12% 1-2yr ■ 30% new
Entry-cohort mix of 273 holders: 158 (58%) are 2+ year veterans, 33 entered 1–2 years ago, and 82 (30%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 51% AUM from top-100 funds

51% from top-100 AUM funds
41 of 260 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in TS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
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 — TS

In 2026 Q1, 159 hedge funds were net buyers of TS (71 opened a new position, 88 added to an existing one), while 105 reduced or exited (67 trimmed, 38 sold completely) — a 60% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. 51% of total institutional value in TS is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +33 funds (more new holders than closures). Total institutional holders: 262.

Hedge Fund Ownership: TS

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

Market Analysis: TS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TS

-- --

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

Is It Too Late to Buy Tenaris S A (TS) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TS has moved relative to its sector benchmark (XLE) 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 · 82d ago
TS
-1.7%
XLE
-12.2%

TS outperformed XLE by +10.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
TS
-5.5%
XLE
-9.5%

Since the filing became public, TS outperformed XLE by +4.0% .

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.

14 top-rated funds 0 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
1.4
/ 10
conviction
Hedge Fund Positioning: TS
260 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 260 229 13.54%
13F Shares 40M 33M 20.38%
Total Value $2.07B $1.21B 70.64%
New Positions 70 50 +20
Increased Positions 86 73 +13
Closed Positions 39 40 -1
Reduced Positions 65 70 -5
Total Calls 8 5 60.0%
Total Puts 5 4 25.0%
PUT/CALL Ratio 0.62 0.8 Bullish

Statistics: TS

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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)

260 + investors

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

QUARTER:
Top 25 TS holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Westwood Global Investments, LLC 14.47% 6,673,718 $388.3M
2 Kiltearn Partners LLP 3.21% 204,859 $11.9M
3 Medina Value Partners, LLC 3.09% 253,362 $14.7M
4 Fearnley Asset Management As 2.14% 112,700 $6.6M
5 Mork Capital Management, LLC 1.17% 28,320 $1.6M
6 Gallo Partners, LP 1.06% 9,483 $552K
7 CWA Asset Management Group, LLC 1.00% 506,550 $29.5M
8 Illumine Investment Management, LLC 0.79% 17,603 $1.0M
9 Chesapeake Capital Corp /Il/ 0.72% 17,281 $1.0M
10 Integrated Quantitative Investments LLC 0.70% 66,798 $3.9M
11 Carrhae Capital LLP 0.59% 337,428 $19.6M
12 Cadence Wealth Management LLC 0.58% 23,710 $1.4M
13 Leuthold Group, LLC 0.52% 83,994 $4.9M
14 Corient IA LLC 0.51% 9,330 $543K
15 J2 Capital Management Inc 0.48% 12,116 $705K
16 Driehaus Capital Management LLC 0.38% 888,346 $51.7M
17 Caitong International Asset Management Co., Ltd 0.35% 32,213 $1.9M
18 New Vernon Capital Holdings II LLC 0.33% 7,581 $441K
19 Renaissance Technologies LLC 0.29% 3,199,744 $186.2M
20 Aventail Capital Group, LP 0.24% 87,367 $5.1M
21 Sanchez Gaunt Capital Management, LLC 0.24% 6,581 $383K
22 Beck Bode, LLC 0.21% 21,154 $1.2M
23 Stirlingshire Investments, Inc. 0.21% 4,040 $235K
24 R Squared Ltd 0.20% 6,246 $363K
25 Larry Mathis Financial Planning, LLC 0.19% 3,573 $208K
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 — Tenaris S A (TS)

What does the Smart Money Trend signal show for TS?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added TS 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 TS?

More buyers than sellers — 60% buying: Last quarter: 159 funds were net buyers (71 opened a brand new position + 88 added to an existing one). Only 105 were sellers (67 trimmed + 38 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for TS holders?

Elite ownership — 51% AUM from top-100 funds: 41 of 260 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in TS. 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 TS?

50% of holders stayed for 2+ years: 132 out of 262 hedge funds have held TS 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 Tenaris S A (TS) following the 2026 Q1 hedge fund 13F filings?

As of today, TS has moved -5.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to -9.5% for the XLE sector ETF — an outperformance of +4.0%. Since the quarter end (March 31, 2026), TS has gained -1.7% vs -12.2% for XLE. 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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