Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in TNON held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | GEODE CAPITAL MANAGEMENT, LLC | 167K | $122K | +151.3% | 2.268% | 0.00% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 72K | $52K | — | 0.971% | 0.00% |
| 3 | VANGUARD FIDUCIARY TRUST CO | 45K | $32K | — | 0.604% | 0.00% |
| 4 | SBI Securities Co., Ltd. | 40K | $29K | 0.0% | 0.538% | 0.00% |
| 5 | NORTHERN TRUST CORP | 18K | $13K | -14.0% | 0.244% | 0.00% |
| 6 | Spectrum Asset Management, Inc. (NB/CA) | 11K | $8K | 0.0% | 0.144% | 0.00% |
| 7 | CITIGROUP INC | 10K | $7K | +985600.0% | 0.134% | 0.00% |
| 8 | UBS Group AG | 4K | $3K | -33.9% | 0.057% | 0.00% |
| 9 | Tower Research Capital LLC (TRC) | 916 | $665 | +583.6% | 0.012% | 0.00% |
| 10 | MORGAN STANLEY | 188 | $136 | 0.0% | 0.003% | 0.00% |
| 11 | BNP PARIBAS ARBITRAGE, SA | 24 | $17 | 0.0% | 0.000% | 0.00% |
| 12 | Allworth Financial LP | 20 | $15 | 0.0% | 0.000% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in TNON — a direct measure of their conviction.
Filings activity in TNON during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new TNON position in Q1 2026
Institutions that fully closed their TNON position in Q1 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 12 | 25% | 5.85% | 0.70 pp | $0M | 11% |
| Q4 2025 | 16 | +23% | 6.55% | 0.30 pp | $0M | 4.4% |
| Q3 2025 | 13 | +8.3% | 6.85% | +4.18 pp | $0M | +157% |
| Q2 2025 | 12 | 20% | 2.67% | 2.46 pp | $0M | 48% |
| Q1 2025 | 15 | +15% | 5.13% | +2.05 pp | $0M | +66% |
| Q4 2024 | 13 | +44% | 3.08% | +2.04 pp | $0M | +196% |
| Q3 2024 | 9 | 31% | 1.04% | 6.58 pp | $0M | 86% |
| Q2 2024 | 13 | — | 7.62% | — | $0M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying TNON stock.
Based on Q1 2026 13F filings, institutional ownership of Tenon Medical, Inc. stands at 5.9%, held across 12 reporting institutions.
GEODE CAPITAL MANAGEMENT, LLC is the largest reported institutional holder of TNON, with approximately 167,486 shares worth $0.00B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of TNON.
Our composite Smart Money Score for TNON is 21 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
2 institutions opened new positions in TNON during Q1 2026, while 6 fully exited. 3 added to existing positions and 7 trimmed.
TNON institutional ownership fell by 0.70 percentage points quarter-over-quarter, with a net change of -4 holders.
The top 10 institutions account for 100.0% of all reported 13F value in TNON, and the top 25 account for 100.0%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Tenon Medical, Inc. (TNON) Institutional Ownership