Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Tela Bio Inc (TELA)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +10
Streak
1Q ▲
Buyers last Q
67%

Smart Money Signals — TELA

Based on 43 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added TELA 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.
🔻

Below peak — only 65% of 3.0Y high

65% of all-time peak
Only 43 funds hold TELA today versus a peak of 66 funds at 2024 Q2 — just 65% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 4% fewer funds vs a year ago

fund count last 6Q
2 fewer hedge funds hold TELA compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟢

More buyers than sellers — 67% buying

22 buying11 selling
Last quarter: 22 funds were net buyers (11 opened a brand new position + 11 added to an existing one). Only 11 were sellers (10 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter
Funds opening a new TELA position: 3 → 7 → 3 → 11. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

44% of holders stayed for 2+ years

■ 44% conviction (2yr+) ■ 37% medium ■ 19% new
19 out of 43 hedge funds have held TELA 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.
💰

Price up while funds trimmed (+13% value, -7% shares)

Value
+12%
Shares
-6%
Last quarter: total value of institutional TELA holdings rose +13% even though funds reduced share count by 7%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
📈

Growing discovery — still being found

8 → 3 → 7 → 3 → 11 new funds/Q
New funds entering each quarter: 3 → 7 → 3 → 11. A growing number of institutions are discovering TELA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 58% veterans vs 26% newcomers

■ 58% veterans ■ 16% 1-2yr ■ 26% new
Entry-cohort mix of 43 holders: 25 (58%) are 2+ year veterans, 7 entered 1–2 years ago, and 11 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 4% AUM from top-100

4% from top-100 AUM funds
14 of 43 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
1.7
out of 10
Low Exit Risk
Exit risk score 1.7/10 — 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 — TELA

In 2026 Q2, 22 hedge funds were net buyers of TELA (11 opened a new position, 11 added to an existing one), while 11 reduced or exited (10 trimmed, 1 sold completely) — a 67% buyer ratio, indicating clear institutional accumulation. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 43.

Hedge Fund Ownership: TELA

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

Market Analysis: TELA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TELA

-- --

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

4 top-rated funds 0 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: TELA
43 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 43 33 30.3%
13F Shares 26M 28M -6.8%
Total Value $19M $17M 12.6%
New Positions 11 3 +8
Increased Positions 10 13 -3
Closed Positions 1 11 -10
Reduced Positions 10 4 +6
Total Calls 0 1 -100.0%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: TELA

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)

43 + investors

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

QUARTER:
Top 25 TELA holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Essex Woodlands Management, Inc. 2.28% 7,714,709 $5.8M
2 Stonepine Capital Management, LLC 0.93% 2,662,427 $2.0M
3 Perkins Capital Management Inc 0.78% 1,375,042 $1.0M
4 DAFNA Capital Management LLC 0.21% 1,441,029 $1.1M
5 Silverarc Capital Management, LLC 0.17% 2,137,201 $1.6M
6 Nantahala Capital Management, LLC 0.15% 5,894,114 $4.4M
7 Sio Capital Management, LLC 0.08% 636,300 $477K
8 WealthTrust Axiom LLC 0.08% 457,734 $343K
9 Up Strategic Wealth Investment Advisors LLC 0.05% 99,888 $91K
10 Ducere Wealth Management LLC 0.01% 51,000 $38K
11 Primoris Wealth Advisors, LLC 0.01% 20,300 $15K
12 Embree Financial Group 0.01% 90,906 $68K
13 Destiny Wealth Partners, LLC 0.01% 52,500 $38K
14 Atom Investors LP 0.00% 15,473 $12K
15 XTX Topco Ltd 0.00% 29,558 $22K
16 Tower Research Capital LLC (TRC) 0.00% 13,612 $10K
17 Great Valley Advisor Group, INC. 0.00% 19,602 $15K
18 J.W. Cole Advisors, INC. 0.00% 16,250 $12K
19 Renaissance Technologies LLC 0.00% 58,100 $44K
20 TD Waterhouse Canada Inc. 0.00% 23,000 $17K
21 Vanguard Fiduciary Trust Co 0.00% 213,138 $160K
22 Vanguard Capital Management LLC 0.00% 1,568,218 $1.2M
23 PNC Financial Services Group, INC. 0.00% 53,612 $40K
24 Mercer Global Advisors Inc /Adv 0.00% 14,828 $11K
25 Raymond James Financial Inc 0.00% 67,700 $51K
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 — Tela Bio Inc (TELA)

What does the Smart Money Trend signal show for TELA?

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

More buyers than sellers — 67% buying: Last quarter: 22 funds were net buyers (11 opened a brand new position + 11 added to an existing one). Only 11 were sellers (10 trimmed + 1 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for TELA holders?

Smaller funds dominant — 4% AUM from top-100: 14 of 43 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held TELA?

44% of holders stayed for 2+ years: 19 out of 43 hedge funds have held TELA 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.

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 →