Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

TENARIS S A (TS)

227 + Investors. Track Smart Money conviction in TS. 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
52%

Smart Money Signals — TS

Based on 229 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, 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
229 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 — 52% buying

123 buying112 selling
Last quarter: 123 funds bought or added vs 112 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 (+15 vs last Q)

new funds entering per quarter
Funds opening a new TS position: 33 → 35 → 35 → 50. 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
135 out of 229 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

62 → 33 → 35 → 35 → 50 new funds/Q
New funds entering each quarter: 33 → 35 → 35 → 50. 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 ■ 28% new
Of 235 current holders: 147 (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.
🏆

Elite ownership — 41% AUM from top-100 funds

41% from top-100 AUM funds
41 of 229 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in TS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.4
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.

Institutional Sentiment Summary — TS

In 2025 Q4, 123 hedge funds were net buyers of TS (50 opened a new position, 73 added to an existing one), while 112 reduced or exited (72 trimmed, 40 sold completely) — a 52% buyer ratio, indicating a slight buying edge. 41% of total institutional value in TS is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 229.

Hedge Fund Ownership: TS

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

Market Analysis: TS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TS

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

29 top-rated funds 1 high-conviction
Consensus
6.4
/ 10
breadth
×
Elite
1.2
/ 10
conviction
Hedge Fund Positioning: TS
2026 Q1 Stats Unlock in 2 days 227 + Investors

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

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

Statistics: TS

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

Financial Highlights

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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.

QUARTER:
Top 25 institutional holders of TS — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Westwood Global Investments, LLC 14.47% 6,673,718 $388.3M
2 Kiltearn Partners LLP 3.21% 204,859 $11.9M
3 Medina Value Partners, LLC 3.09% 253,362 $14.7M
4 FEARNLEY ASSET MANAGEMENT AS 2.14% 112,700 $6.6M
5 Mork Capital Management, LLC 1.17% 28,320 $1.6M
6 Gallo Partners, LP 1.06% 9,483 $552K
7 CWA Asset Management Group, LLC 1.00% 506,550 $29.5M
8 Illumine Investment Management, LLC 0.79% 17,603 $1.0M
9 CHESAPEAKE CAPITAL CORP /IL/ 0.72% 17,281 $1.0M
10 Integrated Quantitative Investments LLC 0.70% 66,798 $3.9M
11 Carrhae Capital LLP 0.59% 337,428 $19.6M
12 Cadence Wealth Management LLC 0.58% 23,710 $1.4M
13 LEUTHOLD GROUP, LLC 0.52% 83,994 $4.9M
14 Corient IA LLC 0.51% 9,330 $543K
15 J2 Capital Management Inc 0.48% 12,116 $705K
16 DRIEHAUS CAPITAL MANAGEMENT LLC 0.38% 888,346 $51.7M
17 Caitong International Asset Management Co., Ltd 0.35% 32,213 $1.9M
18 New Vernon Capital Holdings II LLC 0.33% 7,581 $441K
19 RENAISSANCE TECHNOLOGIES LLC 0.29% 3,199,744 $186.2M
20 Aventail Capital Group, LP 0.24% 87,367 $5.1M
21 Sanchez Gaunt Capital Management, LLC 0.24% 6,581 $383K
22 Beck Bode, LLC 0.21% 21,154 $1.2M
23 Stirlingshire Investments, Inc. 0.21% 4,040 $235K
24 R Squared Ltd 0.20% 6,246 $363K
25 Larry Mathis Financial Planning, LLC 0.19% 3,573 $208K
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 — 1 quarter in a row: For 1 consecutive quarter, 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 — 52% buying: Last quarter: 123 funds bought or added vs 112 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?

Elite ownership — 41% AUM from top-100 funds: 41 of 229 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in TS. 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 TS?

59% of holders stayed for 2+ years: 135 out of 229 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.

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.