Who owns TELA Bio (TELA)
Which tracked institutional funds hold TELA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TELA company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
3 tracked funds added or opened TELA while 2 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
TELA’s largest tracked holder by dollar value, Essex Woodlands Management, Inc., sizes it at 2.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 2.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TELA divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 44 tracked filers holding TELA, 22 increased or opened the position and 12 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in TELA between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
Largest adds
- Nantahala Capital Management, LLC$1M
- Essex Woodlands Management, Inc.$1M
- Stonepine Capital Management, LLC$374K
Largest trims
- UBS Group AG$632K
- CITIGROUP INC$464K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Essex Woodlands Management, Inc. | 7,714,709 | $6M | 23.3% | 2026-Q2 |
| Nantahala Capital Management, LLC added | 5,894,114 | $4M | 17.8% | 2026-Q2 |
| Stonepine Capital Management, LLC added | 2,662,427 | $2M | 8.1% | 2026-Q2 |
| SILVERARC CAPITAL MANAGEMENT, LLC trimmed | 2,137,201 | $2M | 6.5% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 1,568,218 | $1M | 4.7% | 2026-Q2 |
| DAFNA Capital Management LLC | 1,441,029 | $1M | 4.4% | 2026-Q2 |
| PERKINS CAPITAL MANAGEMENT INC trimmed | 1,375,042 | $1M | 4.2% | 2026-Q2 |
| Sio Capital Management, LLC | 636,300 | $477K | 1.9% | 2026-Q2 |
| WealthTrust Axiom LLC added | 457,734 | $343K | 1.4% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 389,223 | $292K | 1.2% | 2026-Q2 |
| BlackRock, Inc. trimmed | 374,516 | $281K | 1.1% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 213,138 | $160K | 0.6% | 2026-Q2 |
| UP STRATEGIC WEALTH INVESTMENT ADVISORS LLC | 99,888 | $91K | 0.4% | 2026-Q2 |
| Embree Financial Group trimmed | 90,906 | $68K | 0.3% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 74,790 | $56K | 0.2% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 67,700 | $51K | 0.2% | 2026-Q2 |
| STATE STREET CORP | 63,383 | $48K | 0.2% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 58,100 | $44K | 0.2% | 2026-Q2 |
| PNC Financial Services Group, Inc. | 53,612 | $40K | 0.2% | 2026-Q2 |
| Destiny Wealth Partners, LLC | 52,500 | $38K | 0.2% | 2026-Q2 |
| Ducere Wealth Management LLC added | 51,000 | $38K | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 49,245 | $37K | 0.1% | 2026-Q2 |
| UBS Group AG trimmed | 33,466 | $25K | 0.1% | 2026-Q2 |
| XTX Topco Ltd added | 29,558 | $22K | 0.1% | 2026-Q2 |
| TD Waterhouse Canada Inc. new | 23,000 | $17K | 0.1% | 2026-Q2 |
| PRIMORIS WEALTH ADVISORS, LLC new | 20,300 | $15K | 0.1% | 2026-Q2 |
| GREAT VALLEY ADVISOR GROUP, INC. trimmed | 19,602 | $15K | 0.1% | 2026-Q2 |
| J.W. COLE ADVISORS, INC. new | 16,250 | $12K | 0.0% | 2026-Q2 |
| Atom Investors LP trimmed | 15,473 | $12K | 0.0% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV new | 14,828 | $11K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) added | 13,612 | $10K | 0.0% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC new | 10,383 | $8K | 0.0% | 2026-Q2 |
| Vanguard Global Advisers, LLC | 4,604 | $3K | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN | 4,200 | $3K | 0.0% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC | 1,991 | $1K | 0.0% | 2026-Q2 |
| CITIGROUP INC trimmed | 1,774 | $1K | 0.0% | 2026-Q2 |
| SIMPLEX TRADING, LLC added | 1,276 | $957 | 0.0% | 2026-Q2 |
| SBI Securities Co., Ltd. | 301 | $226 | 0.0% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 210 | $158 | 0.0% | 2026-Q2 |
| BARCLAYS PLC added | 208 | $156 | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. | 100 | $75 | 0.0% | 2026-Q2 |
| MORGAN STANLEY trimmed | 37 | $28 | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO | 39 | $28 | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 59 | — | 0.0% | 2026-Q2 |
| ACADIAN ASSET MANAGEMENT LLC | 20,817 | $12K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| HighTower Advisors, LLC added | 11,200 | $7K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| VANGUARD GROUP INC added | 1,830,550 | $2M | 8.7% | 2025-Q4 stale (2 quarters behind) |
| GSA CAPITAL PARTNERS LLP trimmed | 73,811 | $87K | 0.4% | 2025-Q4 stale (2 quarters behind) |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 57,500 | $68K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 37,174 | $44K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| CITADEL ADVISORS LLC trimmed | 23,382 | $28K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| NINE MASTS CAPITAL Ltd new | 16,486 | $19K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Virtu Financial LLC trimmed | 10,663 | $13K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| BANK OF AMERICA CORP /DE/ added | 36 | $42 | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Velan Capital Investment Management LP | 747,410 | $1M | 4.5% | 2025-Q3 stale (3 quarters behind) |
| Pentwater Capital Management LP trimmed | 724,856 | $1M | 4.4% | 2025-Q3 stale (3 quarters behind) |
| PARADIGM CAPITAL MANAGEMENT INC/NY | 200,000 | $298K | 1.2% | 2025-Q3 stale (3 quarters behind) |
| Birchview Capital, LP | 155,000 | $231K | 0.9% | 2025-Q3 stale (3 quarters behind) |
| HBK Sorce Advisory LLC new | 100,365 | $154K | 0.6% | 2025-Q3 stale (3 quarters behind) |
| CWM, LLC | 337 | $1K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| COMMONWEALTH EQUITY SERVICES, LLC added | 38,441 | $75K | 0.3% | 2025-Q2 stale (4 quarters behind) |
| Rollins Financial Advisors, LLC | 18,656 | $36K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Solstein Capital, LLC new | 16,385 | $32K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| LAZARD ASSET MANAGEMENT LLC new | 2,116 | $4K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| FEDERATED HERMES, INC. added | 613 | $1K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.