TNYA Tenaya Therapeutics, Inc.
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 |
Actionable Insight
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.
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
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 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
2d ago
|
Institutional Cluster
| $0.7085 awaiting T+5 | awaiting T+5 | — | — |
|
May 29, 2026
16d ago
|
8-K
| $0.8700 $0.7280 | ▼ −16.32% | ▼ −13.57% | — |
|
May 19, 2026
26d ago
|
Insider Cluster
| $0.8080 $0.7920 | ▼ −1.98% | ▼ −3.22% | — |
|
May 16, 2026
29d ago
|
ANALYST-UPGRADE
| $3.76 $3.30 | ▼ −12.23% | ▼ −14.36% | — |
|
Apr 16, 2026
8w ago
|
ANALYST-UPGRADE
| $0.7820 $0.6720 | ▼ −14.07% | ▼ −14.62% | — |
|
Apr 16, 2026
8w ago
|
DEFA14A
| $0.7470 $0.6840 | ▼ −8.43% | ▼ −9.42% | — |
|
Mar 11, 2026
13w ago
|
8-K
| $0.8930 $0.8040 | ▼ −9.97% | ▼ −8.99% | — |
|
Mar 11, 2026
13w ago
|
Press Release
| $0.8930 $0.8040 | ▼ −9.97% | ▼ −8.99% | — |
|
Mar 9, 2026
13w ago
|
Press Release
| $0.9580 $0.8570 | ▼ −10.54% | ▼ −9.19% | — |
|
Mar 5, 2026
14w ago
|
8-K
| $0.8190 $0.8930 | ▲ +9.04% | ▲ +11.27% | — |
US Market Status
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