The dominant seller's large trim suggests waning confidence; monitor upcoming clinical catalysts and any financing updates. The 45-day 13F lag means positions may have changed further since quarter-end.
Executive Summary
Tenaya Therapeutics (TNYA) institutional cluster for Q3 2024 shows net distributing activity, with Adage Capital Partners trimming 67.6% of its position (from 1M to 324K shares, reducing value by $2.47M), while four smaller buyers added modestly (net $73K increase). The heavy selling by a top holder signals diminished institutional conviction in near-term prospects.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$2.4M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Panagora Asset Management | DOUBLED | +147.5% | $252.0K | $88.0K |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Adage Capital Partners Gp | TRIM | -67.6% | $3.1M | -$2.5M |
Key Facts
- Adage Capital Partners reduced holdings by 675,755 shares (-67.6%), liquidating ~$2.47M of value.
- Panagora Asset Management doubled its position (52.7K to 130.5K shares), adding ~$88K in current value.
- Net institutional dollar change across the cluster is -$2.4M (sellers $2.47M removed vs buyers $73K added).
- Buying was limited to small asset managers; no activist or high-conviction funds appeared on the buy side.
Financial Impact
Institutional cluster net selling of ~$2.4M, led by Adage Capital Partners' $2.47M reduction; buying totaled only $73K.
Risk Factors
- 13F data is 45 days stale; current institutional positions may differ materially.
- Low trading volume could amplify any selling pressure if the trim continues.
- Biotech small-cap with pre-revenue status carries high binary risk on pipeline events.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-TNYA-2024-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | DEFA14A | $0.3945 | awaiting T+60 | — | — |
Oct 23, 2026 3d ago | DEF 14A | $0.3850 | awaiting T+60 | — | — |
Aug 17, 2026 9w ago | 144 | $0.6990 | awaiting T+60 | — | — |
Jul 2, 2026 16w ago | 8-K | $0.7869 $0.5898 | ▼ −25.05% | ▼ −28.62% | — |
Jun 29, 2026 17w ago | 8-K | $0.7349 $0.6822 | ▼ −7.17% | ▼ −11.56% | — |
Jun 12, 2026 19w ago | Institutional Cluster | $0.7118 $0.6634 | ▲ +6.80% | ▲ +10.06% | — |
May 29, 2026 21w ago | 8-K | $0.8700 $0.7014 | ▼ −19.38% | ▼ −20.61% | — |
May 19, 2026 22w ago | Insider Cluster | $0.8080 $0.7281 | ▼ −9.89% | ▼ −14.89% | — |
Apr 16, 2026 27w ago | DEFA14A | $0.7470 $0.8365 | ▲ +11.98% | ▲ +4.94% | — |
Mar 11, 2026 32w ago | 8-K | $0.8930 $0.7280 | ▼ −18.48% | ▼ −29.17% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers