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Telos
TLS

158 hedge funds and large institutions have $241M invested in Telos in 2025 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 62 increasing their positions, 39 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

7,363% more call options, than puts

Call options by funds: $597K | Put options by funds: $8K

225% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 12

59% more repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 39

18% more funds holding

Funds holding: 134 → 158 (+24)

2.25% more ownership

Funds ownership: 61.83% → 64.08% (+2.3%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

22% less capital invested

Capital invested by funds: $307M → $241M (-$66.2M)

Holders
158
Holders Change
+24
Holders Change %
+17.91%
% of All Funds
1.92%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
39
Increased
62
Reduced
39
Closed
12
Calls
$597K
Puts
$8K
Net Calls
+$589K
Net Calls Change
-$1.53M

Top Buyers

1
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$3.82M
2
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$3.63M
3
Lazard Asset Management
Lazard Asset Management
New York
+$3.05M
4
TI
Trexquant Investment
Connecticut
+$2.56M
5
Two Sigma Investments
Two Sigma Investments
New York
+$2.19M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$9.66M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$5.37M
3
AI
Acuitas Investments
Washington
-$5.28M
4
Invesco
Invesco
Georgia
-$2.24M
5
Marshall Wace
Marshall Wace
United Kingdom
-$2.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
EP
151
Essential Partners
California
$296 +$131 +21 +57%
SIC
152
SJS Investment Consulting
Ohio
$261 +$318 +51 New
SS
153
Sunbelt Securities
Texas
$184 – – –
GI
154
GAMMA Investing
California
$133 -$181 -29 -53%
TWD
155
True Wealth Design
Ohio
$97 +$50 +8 +73%
CA
156
Clearstead Advisors
Ohio
$82 +$87 +14 +700%
RIL
157
Rothschild Investment LLC
Illinois
$77 +$94 +15 New
SS
158
SBI Securities
Japan
$15 -$100 -16 -84%
AI
159
Acuitas Investments
Washington
– -$5.28M -771,813 Closed
Squarepoint
160
Squarepoint
New York
– -$1.08M -158,625 Closed
Walleye Capital
161
Walleye Capital
New York
– -$963K -140,775 Closed
QT
162
Quantbot Technologies
New York
– -$557K -81,405 Closed
Cetera Investment Advisers
163
Cetera Investment Advisers
Illinois
– -$521K -76,126 Closed
CMF
164
Counterpoint Mutual Funds
California
– -$495K -72,323 Closed
WC
165
Wynnefield Capital
New York
– -$342K -50,000 Closed
JF
166
Jump Financial
Illinois
– -$298K -43,600 Closed
OAC
167
OMERS Administration Corp
Ontario, Canada
– -$117K -17,100 Closed
Hudson Bay Capital Management
168
Hudson Bay Capital Management
Connecticut
– -$99K -14,470 Closed
MCM
169
Manchester Capital Management
Vermont
– -$40K -5,850 Closed
ASN
170
Advisory Services Network
Georgia
– -$34.2K -5,000 Closed
3 4 5 6
7

TLS Hedge Fund Activity: Q4 2025 in Review

158 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Telos (TLS) for Q4 2025, worth a combined $241M — down 22% from $307M a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new TLS positions and 12 closed out — a net gain of 27 holders — while 62 added to existing stakes and 39 trimmed.

The largest buyer was D.E. Shaw & Co, adding an estimated $3.82M. The largest seller was Millennium Management, cutting an estimated $9.66M.

  • 158 institutional investors held Telos (TLS) as of Q4 2025, up from 134 in Q3 2025.
  • Funds reported $241M of Telos stock for Q4 2025, down 22% quarter-over-quarter.
  • 39 funds opened new Telos positions in Q4 2025 and 12 closed out, a net change of +27 holders.
  • The largest Telos buyer in Q4 2025 was D.E. Shaw & Co, an estimated $3.82M added.
  • The largest Telos seller in Q4 2025 was Millennium Management, an estimated $9.66M sold.

Based on aggregated 13F filings for Q4 2025.