SIR Capital Management’s Tenaris TS Stock Holding History

SIR Capital Management’s Portfolio TS Stock Details TS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-290,097	Closed	-$10.4M	–	94
2025 Q3	$10.4M	Sell	290,097 -398,838	-58%	-$14.5M	0.93%	35
2025 Q2	$25.8M	Buy	688,935 +508,028	+281%	+$17.4M	2.3%	15
2025 Q1	$7.08M	Sell	180,907 -152,370	-46%	-$5.85M	0.62%	45
2024 Q4	$12.6M	Sell	333,277 -1,097,274	-77%	-$38.9M	1.3%	30
2024 Q3	$45.5M	Buy	1,430,551 +1,113,382	+351%	+$33M	4.42%	6
2024 Q2	$9.68M	Buy	+317,169	New	+$11M	0.96%	44
2024 Q1	–	Sell	-149,332	Closed	-$5.19M	–	81
2023 Q4	$5.19M	Sell	149,332 -519,101	-78%	-$17.4M	0.53%	47
2023 Q3	$21.1M	Sell	668,433 -42,619	-6%	-$1.38M	2.51%	15
2023 Q2	$21.3M	Buy	+711,052	New	+$19.7M	2.33%	13
2023 Q1	–	Sell	-775,899	Closed	-$27.3M	–	76
2022 Q4	$27.3M	Buy	775,899 +89,379	+13%	+$2.86M	2.87%	11
2022 Q3	$17.7M	Sell	686,520 -455,853	-40%	-$12.1M	2.99%	11
2022 Q2	$29.3M	Buy	1,142,373 +116,721	+11%	+$3.6M	4.03%	7
2022 Q1	$30.8M	Sell	1,025,652 -501,352	-33%	-$13M	5.42%	4
2021 Q4	$31.9M	Buy	1,527,004 +282,688	+23%	+$6.18M	5.02%	3
2021 Q3	$26.3M	Buy	1,244,316 +428,911	+53%	+$8.71M	3.85%	7
2021 Q2	$17.9M	Buy	815,405 +722,105	+774%	+$16.3M	2.64%	10
2021 Q1	$2.12M	Sell	93,300 -242,685	-72%	-$4.64M	0.36%	52
2020 Q4	$5.36M	Sell	335,985 -40,572	-11%	-$540K	1.05%	31
2020 Q3	$3.71M	Sell	376,557 -348,461	-48%	-$4.12M	0.88%	34
2020 Q2	$9.37M	Buy	725,018 +693,890	+2,229%	+$9.17M	2.3%	17
2020 Q1	$375K	Buy	+31,128	New	+$572K	0.16%	33
2019 Q2	–	Sell	-717,648	Closed	-$20.3M	–	65
2019 Q1	$20.3M	Buy	717,648 +388,763	+118%	+$10M	3.72%	7
2018 Q4	$7.01M	Sell	328,885 -269,900	-45%	-$7.49M	2.33%	15
2018 Q3	$20.1M	Sell	598,785 -6,544	-1%	-$227K	2.98%	11
2018 Q2	$22M	Sell	605,329 -266,639	-31%	-$9.88M	3.59%	7
2018 Q1	$30.2M	Buy	871,968 +735,446	+539%	+$25.3M	5.3%	4
2017 Q4	$4.35M	Sell	136,522 -71,720	-34%	-$2.08M	0.96%	35
2017 Q3	$5.89M	Sell	208,242 -381,061	-65%	-$11.1M	0.76%	38
2017 Q2	$18.4M	Sell	589,303 -432,597	-42%	-$13.6M	2.75%	13
2017 Q1	$34.9M	Buy	+1,021,900	New	+$34.8M	4.68%	2
2016 Q4	–	Sell	-44,505	Closed	-$1.26M	–	60
2016 Q3	$1.26M	Sell	44,505 -45,185	-50%	-$1.24M	0.17%	51
2016 Q2	$2.59M	Sell	89,690 -314,210	-78%	-$8.37M	0.39%	47
2016 Q1	$10M	Sell	403,900 -166,300	-29%	-$3.64M	1.59%	22
2015 Q4	$13.6M	Buy	570,200 +400,200	+235%	+$10.1M	1.85%	21
2015 Q3	$4.1M	Buy	+170,000	New	+$4.31M	0.49%	50
2014 Q4	–	Sell	-237,000	Closed	-$10.8M	–	72
2014 Q3	$10.8M	Buy	237,000 +196,400	+484%	+$8.82M	1.92%	19
2014 Q2	$1.91M	Buy	+40,600	New	+$1.82M	0.25%	59
2013 Q4	–	Sell	-58,800	Closed	-$2.75M	–	63
2013 Q3	$2.75M	Buy	+58,800	New	+$2.67M	0.46%	52

Other funds holding TS

WGI

Westwood Global Investments Boston, Massachusetts $2.68B AUM 76.4% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Citadel Advisors Miami, Florida $618B AUM 30.34% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

SIR Capital Management's TS Position: Q4 2025 in Review

SIR Capital Management sold out of Tenaris (TS) in Q4 2025, closing a stake of 290,097 shares — an estimated $10.4M sold.

SIR Capital Management first reported a position in TS in Q3 2013 and held it in 38 quarters. The position peaked at $45.5M in Q3 2024. 229 funds tracked by Wall St. Rank hold TS as of Q4 2025.

SIR Capital Management reported no remaining Tenaris position as of Q4 2025 after selling out during the quarter.
SIR Capital Management sold 290,097 Tenaris shares in Q4 2025, an estimated $10.4M.
SIR Capital Management first reported a position in Tenaris in Q3 2013 and held it in 38 quarters.
SIR Capital Management's Tenaris position peaked at $45.5M in Q3 2024.
229 funds tracked by Wall St. Rank held Tenaris as of Q4 2025.

Based on SIR Capital Management's 13F filing for Q4 2025, filed 13 Feb 2026.