Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Talphera Inc (TLPH)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
4Q ▲
Buyers last Q
60%

Smart Money Signals — TLPH

Based on 48 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added TLPH 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
48 hedge funds hold TLPH 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 — +55% more funds vs a year ago

fund count last 6Q
+17 new funds entered over the past year (+55% 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.
🟢

More buyers than sellers — 60% buying

26 buying17 selling
Last quarter: 26 funds were net buyers (12 opened a brand new position + 14 added to an existing one). Only 17 were sellers (8 trimmed + 9 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~12 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 10 → 8 → 11 → 12. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 38% long-term, 35% new

■ 38% conviction (2yr+) ■ 27% medium ■ 35% new
Of the 48 current holders: 18 (38%) held >2 years, 13 held 1–2 years, and 17 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💰

Value +49% but shares only +9% — price-driven

Value
+49%
Shares
+8%
Last quarter: the total dollar value of institutional holdings rose +49%, but actual share count only changed +9%. 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.
📈

Growing discovery — still being found

3 → 10 → 8 → 11 → 12 new funds/Q
New funds entering each quarter: 10 → 8 → 11 → 12. A growing number of institutions are discovering TLPH each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 46% veterans vs 40% newcomers

■ 46% veterans ■ 13% 1-2yr ■ 40% new
Entry-cohort mix of 52 holders: 24 (46%) are 2+ year veterans, 7 entered 1–2 years ago, and 21 (40%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 3% AUM from top-100

3% from top-100 AUM funds
11 of 47 holders rank in the top 100 by AUM, but together hold only 3% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.5
out of 10
Moderate Exit Risk
Exit risk score 4.5/10 — 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 — TLPH

In 2026 Q2, 26 hedge funds were net buyers of TLPH (12 opened a new position, 14 added to an existing one), while 17 reduced or exited (8 trimmed, 9 sold completely) — a 60% buyer ratio, indicating clear institutional accumulation. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 48.

Hedge Fund Ownership: TLPH

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

Market Analysis: TLPH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TLPH

-- --

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.

3 top-rated funds 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: TLPH
47 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 47 45 4.44%
13F Shares 24M 22M 8.64%
Total Value $24M $16M 49.11%
New Positions 12 11 +1
Increased Positions 13 12 +1
Closed Positions 9 5 +4
Reduced Positions 6 9 -3
Total Calls 3 3 -
Total Puts 2 3 -33.33%
PUT/CALL Ratio 0.67 1.0 Bullish

Statistics: TLPH

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Beta (5Y Monthly) --
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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

47 + investors

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

QUARTER:
Top 25 TLPH holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Rosalind Advisors, Inc. 1.98% 5,169,501 $5.3M
2 Dauntless Investment Group, LLC 0.60% 746,051 $768K
3 AIGH Capital Management LLC 0.30% 4,601,502 $4.7M
4 Bleichroeder LP 0.24% 1,307,787 $1.3M
5 Rock Springs Capital Management LP 0.18% 3,589,186 $3.7M
6 Nantahala Capital Management, LLC 0.12% 3,492,519 $3.6M
7 Almitas Capital LLC 0.12% 467,152 $481K
8 Shay Capital LLC 0.03% 405,764 $418K
9 Diadema Partners LP 0.02% 153,563 $158K
10 Persistent Asset Partners Ltd 0.01% 38,968 $40K
11 Cantor Fitzgerald, L. P. 0.01% 887,481 $914K
12 Caption Management, LLC 0.00% 514,969 $530K
13 Two Sigma Securities, LLC 0.00% 15,788 $16K
14 Onyx Bridge Wealth Group LLC 0.00% 11,500 $12K
15 XTX Topco Ltd 0.00% 28,194 $29K
16 Stephens Inc /Ar/ 0.00% 15,133 $16K
17 Renaissance Technologies LLC 0.00% 113,300 $117K
18 Mariner, LLC 0.00% 100,000 $103K
19 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% 50,000 $52K
20 Vanguard Fiduciary Trust Co 0.00% 222,372 $229K
21 Wealth Enhancement Advisory Services, LLC 0.00% 12,500 $18K
22 UBS Group AG 0.00% 129,916 $134K
23 Vanguard Capital Management LLC 0.00% 701,877 $723K
24 Group One Trading LLC 0.00% 8,213 $8K
25 Citadel Advisors LLC 0.00% 59,800 $62K
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 — Talphera Inc (TLPH)

What does the Smart Money Trend signal show for TLPH?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added TLPH 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 TLPH?

More buyers than sellers — 60% buying: Last quarter: 26 funds were net buyers (12 opened a brand new position + 14 added to an existing one). Only 17 were sellers (8 trimmed + 9 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for TLPH holders?

Smaller funds dominant — 3% AUM from top-100: 11 of 47 holders rank in the top 100 by AUM, but together hold only 3% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held TLPH?

Mixed — 38% long-term, 35% new: Of the 48 current holders: 18 (38%) held >2 years, 13 held 1–2 years, and 17 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

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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