Tenon Medical, Inc. (TNONW)

Distributing

Strong institutional distribution: ownership decreased -4.20% quarter-over-quarter.

Data as of Q1 2026

Institutional Ownership

18.62%

QoQ Change

-4.20%

Total Value

$55.9M

Shares Outstanding

11.3M

Crowding AnalysisModerate

Holders11of 5,944

Avg: 68

Uncrowded71th percentileCrowded

Institutional Activity

Buy/Sell Ratio7x

41th percentile

7 buying1 selling

New

-1

Closed

+140K

Net shares

Holding Period Distribution

estimate

Median: 2 QAvg: 2.6 QHolders: 11

Ownership Concentration

Top 5: 94.0%Top 10: 100.0%

Clear Street Group45.3%

Spectrum Asset Management, Inc. (NB/CA)32.3%

HEIGHTS CAPITAL MANAGEMENT,6.7%

AQR CAPITAL MANAGEMENT6.2%

CITADEL ADVISORS3.5%

Others (6)6.0%

Loading crowding analysis...

Conviction-Weighted Ownership

Median weight: 0.00%Avg weight: 0.00%Max: 0.00%High conviction (>1%): 0

Clear Street Group

Spectrum Asset Management, Inc. (NB/CA)

HEIGHTS CAPITAL MANAGEMENT,

AQR CAPITAL MANAGEMENT

CITADEL ADVISORS

Focus Partners Wealth

ARMISTICE CAPITAL,

GTS SECURITIES

SUSQUEHANNA INTERNATIONAL GROUP, LLP

HRT FINANCIAL

Loading conviction analysis...

Whale Moves Timeline (8 Quarters)

Biggest dollar-value position changes among top 10 holders

NEWAQR CAPITAL MANAGEMENT$1K131K shr

NEWSUSQUEHANNA INTERNATIONAL GROUP, LLP$9412K shr

BOUGHTCITADEL ADVISORS$91K shr

BOUGHTClear Street Group$0100 shr

NEWHRT FINANCIAL$010K shr

NEWFocus Partners Wealth$52K62K shr

SOLDHEIGHTS CAPITAL MANAGEMENT$7K706K shr

SOLDSpectrum Asset Management, Inc. (NB/CA)$2K235K shr

SOLDCITADEL ADVISORS$8797 shr

SOLDClear Street Group$4400 shr

Loading whale moves...

Institutional Trends (8 Quarters)

Loading ownership trends...

Institutional Holders

Loading top holders...