Tenon Medical
TNON
16 hedge funds and large institutions have $411K invested in Tenon Medical in 2025 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
32% more capital invested
Capital invested by funds: $312K → $411K (+$98.8K)
14% more funds holding
Funds holding: 14 → 16 (+2)
0.03% more ownership
Funds ownership: 0.09% → 0.11% (+0.03%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DS
DRW Securities
Chicago,
Illinois
|
+$118K |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$24.1K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$19.7K |
| 4 |
VF
Virtu Financial
New York
|
+$17.5K |
| 5 |
TSS
Two Sigma Securities
New York
|
+$13.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
XT
XTX Topco
George Town,
Cayman Islands
|
-$5.83K |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
-$3.3K |
| 3 |
RFP
Root Financial Partners
Encinitas,
California
|
-$94 |
| 4 |
Citigroup
New York
|
-$40 |
TNON Hedge Fund Activity: Q4 2025 in Review
16 of the 8,245 institutional investors tracked by Wall St. Rank reported a position in Tenon Medical (TNON) for Q4 2025, worth a combined $411K — up 32% from $312K a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new TNON positions and 2 closed out — a net gain of 2 holders — while 3 added to existing stakes and 2 trimmed.
The largest buyer was DRW Securities, opening a new position worth an estimated $118K. The largest seller was XTX Topco, cutting an estimated $5.83K.
- 16 institutional investors held Tenon Medical (TNON) as of Q4 2025, up from 14 in Q3 2025.
- Funds reported $411K of Tenon Medical stock for Q4 2025, up 32% quarter-over-quarter.
- 4 funds opened new Tenon Medical positions in Q4 2025 and 2 closed out, a net change of +2 holders.
- The largest Tenon Medical buyer in Q4 2025 was DRW Securities, an estimated $118K added.
- The largest Tenon Medical seller in Q4 2025 was XTX Topco, an estimated $5.83K sold.
Based on aggregated 13F filings for Q4 2025.