TENARIS S A (TS): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

TENARIS S A (TS)

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

Smart Money Signals — TS

Based on 221 hedge funds · latest filing: 2025 Q4 · 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 (97% of max)

97% of all-time peak

221 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.

〰️

Stable — ownership unchanged year-over-year

fund count last 6Q

The number of hedge funds holding TS is almost the same as a year ago (-6 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.

🟡

Slight buying edge — 53% buying

121 buying107 selling

Last quarter: 121 funds bought or added vs 107 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 (+16 vs last Q)

new funds entering per quarter

Funds opening a new TS position: 33 → 31 → 33 → 49. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 20% medium ■ 21% new

131 out of 221 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.

📈

Growing discovery — still being found

57 → 33 → 31 → 33 → 49 new funds/Q

New funds entering each quarter: 33 → 31 → 33 → 49. A growing number of institutions are discovering TS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Deep conviction — 63% of holders stayed 2+ years

■ 63% veterans ■ 10% 1-2yr ■ 27% new

Of 227 current holders: 143 (63%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

✅

Strong quality — 35% AUM from major funds

35% from top-100 AUM funds

29 of 221 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

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.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	227	215	5.58%
13F Shares	33M	27M	20.73%
Total Value	$1.21B	$917M	31.91%
New Positions	50	33	+17
Increased Positions	81	86	-5
Closed Positions	38	32	+6
Reduced Positions	77	76	+1
Total Calls	5	5	-
Total Puts	4	3	33.33%
PUT/CALL Ratio	0.8	0.6	Neutral

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

227

215

5.58%

13F Shares

33M

27M

20.73%

Total Value

$1.21B

$917M

31.91%

New Positions

+17

Increased Positions

-5

Closed Positions

Reduced Positions

Total Calls

Total Puts

33.33%

PUT/CALL Ratio

0.8

0.6

Neutral

Institutional Holders (2026 Q1)

227 + investors

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

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 institutional holders of TS — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	CWA Asset Management Group, LLC	1.00%	506,550	$29.5M
2	Illumine Investment Management, LLC	0.79%	17,603	$1.0M
3	J2 Capital Management Inc	0.48%	12,116	$705K
4	Sanchez Gaunt Capital Management, LLC	0.24%	6,581	$383K
5	Stirlingshire Investments, Inc.	0.21%	4,040	$235K
6	R Squared Ltd	0.20%	6,246	$363K
7	Larry Mathis Financial Planning, LLC	0.19%	3,573	$208K
8	VIKING FUND MANAGEMENT LLC	0.15%	25,000	$1.5M
9	HIGHLAND CAPITAL MANAGEMENT, LLC	0.14%	43,920	$2.6M
10	Baron Wealth Management LLC	0.12%	6,732	$392K
11	Ethic Inc.	0.11%	125,572	$7.3M
12	North of South Capital LLP	0.09%	18,087	$1.1M
13	CWA Asset Management Group, LLC	0.09%	47,600	$2.8M
14	Lester Murray Antman dba SimplyRich	0.08%	5,600	—
15	NAPLES GLOBAL ADVISORS, LLC	0.07%	16,660	$969K
16	Covestor Ltd	0.06%	1,575	—
17	Brooklyn Investment Group	0.06%	32,676	$1.9M
18	BSW Wealth Partners	0.06%	7,903	$460K
19	Cromwell Holdings LLC	0.05%	1,578	$92K
20	MANNING & NAPIER ADVISORS LLC	0.04%	52,491	$3.1M
21	Bayforest Capital Ltd	0.04%	589	$34K
22	HENNESSY ADVISORS INC	0.03%	16,200	$943K
23	Versant Capital Management, Inc	0.03%	5,248	$305K
24	PROFUND ADVISORS LLC	0.02%	11,368	$661K
25	Aaron Wealth Advisors LLC	0.02%	6,653	$387K

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?

Slight buying edge — 53% buying: Last quarter: 121 funds bought or added vs 107 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 TS holders?

Strong quality — 35% AUM from major funds: 29 of 221 holders rank in the top 100 by AUM, accounting for 35% 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 TS?

59% of holders stayed for 2+ years: 131 out of 221 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.

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.

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TENARIS S A (TS)

Smart Money Signals — TS

Buying streak — 2 quarters in a row

At the ownership peak (97% of max)

Stable — ownership unchanged year-over-year

Slight buying edge — 53% buying

More new buyers each quarter (+16 vs last Q)

59% of holders stayed for 2+ years

Growing discovery — still being found

Deep conviction — 63% of holders stayed 2+ years

Strong quality — 35% AUM from major funds

Hedge Fund Ownership: TS

Market Analysis: TS

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: TS

Hedge Fund Positioning: TS

Statistics: TS

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — TENARIS S A (TS)

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