TELA Bio, Inc. (TELA)

Distributing

Strong institutional distribution: ownership decreased -8.49% quarter-over-quarter.

Data as of Q1 2026

Institutional Ownership

61.74%

QoQ Change

-8.49%

Total Value

$17.2B

Shares Outstanding

44.7M

Crowding AnalysisCrowded

Holders35of 5,944

Avg: 68

Uncrowded79th percentileCrowded

Institutional Activity

Buy/Sell Ratio1.29x

53th percentile

18 buying14 selling

New

-10

Closed

-706,685

Net shares

Holding Period Distribution

estimate

Median: 4 QAvg: 3.7 QHolders: 35

Ownership Concentration

Top 5: 72.5%Top 10: 91.7%

Essex Woodlands Management,27.9%

Nantahala Capital Management,21.3%

Stonepine Capital Management,9.5%

SILVERARC CAPITAL MANAGEMENT,8.2%

VANGUARD CAPITAL MANAGEMENT5.6%

Others (30)27.5%

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Conviction-Weighted Ownership

Median weight: 0.14%Avg weight: 0.41%Max: 1.91%High conviction (>1%): 1

Essex Woodlands Management,

Nantahala Capital Management,

Stonepine Capital Management,

SILVERARC CAPITAL MANAGEMENT,

VANGUARD CAPITAL MANAGEMENT

DAFNA Capital Management

PERKINS CAPITAL MANAGEMENT

UBS Group AG

CITIGROUP

Sio Capital Management,

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Whale Moves Timeline (8 Quarters)

Biggest dollar-value position changes among top 10 holders

NEWVANGUARD CAPITAL MANAGEMENT$955K1.5M shr

SOLDUBS Group AG$273K441K shr

SOLDSILVERARC CAPITAL MANAGEMENT$241K388K shr

BOUGHTStonepine Capital Management$164K265K shr

BOUGHTNantahala Capital Management$20K33K shr

BOUGHTEssex Woodlands Management$4M3.6M shr

NEWUBS Group AG$2M1.5M shr

NEWSio Capital Management$751K636K shr

BOUGHTPERKINS CAPITAL MANAGEMENT$665K563K shr

BOUGHTStonepine Capital Management$232K197K shr

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Institutional Trends (8 Quarters)

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Institutional Holders

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