Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

TENABLE HLDGS INC (TENB)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
1Q ▼
Buyers last Q
52%

Smart Money Signals — TENB

Based on 266 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their TENB positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
266 funds currently hold this stock — 94% of the 3.0-year high of 284 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q
13 fewer hedge funds hold TENB compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 52% buying

161 buying147 selling
Last quarter: 161 funds bought or added vs 147 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 (+9 vs last Q)

new funds entering per quarter
Funds opening a new TENB position: 47 → 37 → 44 → 53. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 21% medium ■ 18% new
162 out of 266 hedge funds have held TENB 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.
💎

Buying through price weakness — shares +1%, value -18%

Value
-18%
Shares
+1%
Last quarter: funds added +1% more shares while total portfolio value only changed -18%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

47 → 47 → 37 → 44 → 53 new funds/Q
New funds entering each quarter: 47 → 37 → 44 → 53. A growing number of institutions are discovering TENB each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 70% of holders stayed 2+ years

■ 70% veterans ■ 11% 1-2yr ■ 19% new
Of 270 current holders: 189 (70%) 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.
🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds
36 of 266 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in TENB. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 — TENB

In 2025 Q4, 161 hedge funds were net buyers of TENB (53 opened a new position, 108 added to an existing one), while 147 reduced or exited (92 trimmed, 55 sold completely) — a 52% buyer ratio, indicating a slight buying edge. 44% of total institutional value in TENB is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 266.

Hedge Fund Ownership: TENB

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

Market Analysis: TENB

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TENB

Technology Software - Infrastructure

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

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

45 top-rated funds 0 high-conviction
Consensus
7.2
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: TENB
2026 Q1 Stats Unlock in 6 days 270 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 270 278 -2.88%
13F Shares 112M 111M 1.14%
Total Value $2.63B $3.22B -18.36%
New Positions 53 46 +7
Increased Positions 115 131 -16
Closed Positions 57 44 +13
Reduced Positions 97 88 +9
Total Calls 1 8 -87.5%
Total Puts 3 4 -25.0%
PUT/CALL Ratio 3.0 0.5 Bearish

Statistics: TENB

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
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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)

270 + investors

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

Top 25 institutional holders of TENB — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 RGM Capital, LLC 4.65% 4,071,191 $95.8M
2 Graphene Investments SAS 1.69% 148,800 $2.5M
3 FIRETRAIL INVESTMENTS PTY LTD 1.36% 234,661 $4.0M
4 Bullseye Asset Management LLC 0.79% 80,678 $1K
5 Counterpoint Mutual Funds LLC 0.67% 265,541 $4.5M
6 Penserra Capital Management LLC 0.67% 3,388,746 $57K
7 FOX RUN MANAGEMENT, L.L.C. 0.20% 66,778 $1.1M
8 IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.19% 146,706 $2.5M
9 HARBOR CAPITAL ADVISORS, INC. 0.17% 124,011 $2K
10 GSA CAPITAL PARTNERS LLP 0.16% 148,821 $3K
11 Haven Private, LLC 0.16% 21,079 $357K
12 AlphaQuest LLC 0.15% 113,292 $2.7M
13 Stephens Investment Management Group LLC 0.15% 633,122 $10.7M
14 EntryPoint Capital, LLC 0.13% 26,046 $441K
15 Headlands Technologies LLC 0.11% 58,374 $987K
16 Byrne Asset Management LLC 0.10% 9,630 $163K
17 Tempus Wealth Planning, LLC 0.09% 23,391 $396K
18 PINNACLE ASSOCIATES LTD 0.09% 417,245 $7.1M
19 Bayforest Capital Ltd 0.09% 4,642 $79K
20 SEB Asset Management AB 0.08% 1,119,449 $18.9M
21 OSSIAM 0.08% 264,020 $4.5M
22 NICHOLAS COMPANY, INC. 0.06% 191,382 $3.2M
23 OP Asset Management Ltd 0.06% 277,499 $5.4M
24 KORNITZER CAPITAL MANAGEMENT INC /KS 0.05% 139,050 $2.4M
25 MACKENZIE FINANCIAL CORP 0.05% 2,477,616 $41.9M
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 — TENABLE HLDGS INC (TENB)

What does the Smart Money Trend signal show for TENB?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their TENB positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for TENB?

Slight buying edge — 52% buying: Last quarter: 161 funds bought or added vs 147 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 TENB holders?

Elite ownership — 44% AUM from top-100 funds: 36 of 266 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in TENB. 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 TENB?

61% of holders stayed for 2+ years: 162 out of 266 hedge funds have held TENB 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.