Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Tectonic Therapeutic Inc (TECX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +5
Streak
8Q ▲
Buyers last Q
51%

Smart Money Signals — TECX

Based on 112 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 8 quarters in a row

last 6Q
For 8 consecutive quarters, more hedge funds added TECX 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
112 hedge funds hold TECX 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.
🚀

Fast accumulation — +47% more funds vs a year ago

fund count last 6Q
+36 new funds entered over the past year (+47% 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 — 51% buying

63 buying61 selling
Last quarter: 63 funds bought or added vs 61 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 — ~28 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 20 → 30 → 32 → 28. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 47% entered in last year

■ 4% conviction (2yr+) ■ 49% medium ■ 47% new
Only 4 funds (4%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💰

Price up while funds trimmed (+42% value, -1% shares)

Value
+41%
Shares
0%
Last quarter: total value of institutional TECX holdings rose +42% even though funds reduced share count by 1%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
📈

Growing discovery — still being found

28 → 20 → 30 → 32 → 28 new funds/Q
New funds entering each quarter: 20 → 30 → 32 → 28. A growing number of institutions are discovering TECX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱

Early stage — 63% of holders entered in last year

■ 5% veterans ■ 32% 1-2yr ■ 63% new
Of 115 current holders: 72 (63%) entered in the past year, only 6 (5%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
✅

Strong quality — 38% AUM from major funds

38% from top-100 AUM funds
35 of 110 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.7
out of 10
Moderate Exit Risk
Exit risk score 4.7/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 — TECX

In 2026 Q1, 63 hedge funds were net buyers of TECX (28 opened a new position, 35 added to an existing one), while 61 reduced or exited (38 trimmed, 23 sold completely) — a 51% buyer ratio, indicating a slight buying edge. This marks 8 consecutive quarters of net institutional buying — a persistent conviction signal. 38% of total institutional value in TECX 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: 112.

Hedge Fund Ownership: TECX

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

Market Analysis: TECX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TECX

-- --

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

Is It Too Late to Buy Tectonic Therapeutic Inc (TECX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TECX has moved relative to its sector benchmark (XLV) since the 2026 Q2 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 June 30, 2026 · 47d ago
TECX
+1.6%
XLV
+5.5%

TECX outperformed XLV by -3.9% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 2d ago
TECX
+0.0%
XLV
+0.0%

Since the filing became public, TECX outperformed XLV by +0.0% .

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.

16 top-rated funds 0 high-conviction
Consensus
5.3
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: TECX
2026 Q2 Stats Unlock in 3 days 111 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 111 107 3.74%
13F Shares 14M 14M -0.9%
Total Value $424M $299M 41.79%
New Positions 27 32 -5
Increased Positions 34 37 -3
Closed Positions 23 25 -2
Reduced Positions 37 24 +13
Total Calls 4 4 -
Total Puts 1 2 -50.0%
PUT/CALL Ratio 0.25 0.5 Bullish

Statistics: TECX

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 Q2)

111 + investors

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

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 TECX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 5AM Venture Management, LLC 7.24% 606,660 $20.9M
2 Sectoral Asset Management Inc 1.70% 71,009 $2.4M
3 First Light Asset Management, LLC 1.67% 800,726 $27.5M
4 TCG Crossover Management, LLC 1.00% 1,204,891 $41.4M
5 Aldebaran Capital, LLC 0.95% 36,797 $1.3M
6 Ikarian Capital, LLC 0.76% 205,837 $7.1M
7 Braidwell LP 0.76% 596,900 $20.5M
8 Vestal Point Capital, LP 0.34% 425,000 $14.6M
9 Tetragon Partners GP Ltd 0.25% 46,516 $1.6M
10 Prosight Management, LP 0.24% 39,731 $1.4M
11 Monimus Capital Management, LP 0.22% 28,143 $967K
12 AlphaCentric Advisors LLC 0.20% 6,948 $239K
13 Rangeley Capital, LLC 0.19% 6,000 $206K
14 Kennedy Capital Management LLC 0.17% 282,202 $9.7M
15 Orbimed Advisors LLC 0.14% 226,600 $7.8M
16 PFM Health Sciences, LP 0.13% 45,631 $1.6M
17 Velan Capital Investment Management LP 0.13% 6,000 $206K
18 Soleus Capital Management, L.P. 0.12% 101,684 $3.5M
19 Baker BROS. Advisors LP 0.10% 607,788 $20.9M
20 Virtus Investment Advisers, LLC 0.09% 10,806 $371K
21 Aberdeen Group plc 0.06% 1,141,824 $39.3M
22 Fox Run Management, L.L.C. 0.05% 8,865 $305K
23 Boothbay Fund Management, LLC 0.03% 60,771 $2.1M
24 ADAR1 Capital Management, LLC 0.02% 14,501 $498K
25 Chung Wu Investment Group, LLC 0.02% 800 $28K
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 — Tectonic Therapeutic Inc (TECX)

What does the Smart Money Trend signal show for TECX?

Buying streak — 8 quarters in a row: For 8 consecutive quarters, more hedge funds added TECX 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 TECX?

Slight buying edge — 51% buying: Last quarter: 63 funds bought or added vs 61 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 TECX holders?

Strong quality — 38% AUM from major funds: 35 of 110 holders rank in the top 100 by AUM, accounting for 38% 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 TECX?

Mostly new holders — 47% entered in last year: Only 4 funds (4%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Tectonic Therapeutic Inc (TECX) following the 2026 Q2 hedge fund 13F filings?

As of today, TECX has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the XLV sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), TECX has gained +1.6% vs +5.5% 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.

Full history →