TELA Bio

TELA • NASDAQ

TELA Bio is a medical - devices company in the healthcare sector on NASDAQ, led by Antony Koblish, with a market cap of $51.2M. As of Q3 2025, 60% of shares are held by 41 institutional investors, with Nantahala Capital Management, LLC as the largest holder at 12.9%.

President, Chief Executive Officer and DirectorAntony Koblish

Market Cap$51.2M

Medical - Devices

Healthcare

Employees227.0

Websitetelabio.com

Country

United States of America

Overview

Overview of institutional ownership in TELA as of Q3 2025 with a market cap of $59.0M

All Institutions

Institutions: 41
Value Held: $35.3M
Shares Held: 23.7M
Avg Position: $860.1K
Median Position: $147.8K

Hedge Funds

Hedge Funds: 10
Value Held: $16.6M
Shares Held: 11.2M
Avg Position: $1.7M
Median Position: $589.5K

Ownership Breakdown

Institutional (non-HF)

31.57%

$18.6M

Hedge Funds

28.17%

$16.6M

Retail & Other

40.26%

$23.8M

Based on market cap of $59.0M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in TELA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	Daniel J. Mack Managing Partner	$7.6M 0.47% of portfolio	12.90% 5.1M shares	Q3 2022 Held for 3y 2m	$1.6B
Essex Woodlands Health Ventures, Inc. Private Equity	Martin Paul Sutter President	$6.1M 1.99% of portfolio	10.38% 4.1M shares	Q4 2019 Held for 5y 11m	$307.1M
SILVERARC CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Devesh Sharad Gandhi Founder	$4.1M 0.60% of portfolio	7.02% 2.8M shares	Q1 2023 Held for 2y 8m	$689.7M
S Stonepine Capital Management, LLC Institution	-	$3.2M 2.61% of portfolio	5.44% 2.2M shares	Q2 2023 Held for 2y 5m	$123.0M
VANGUARD GROUP INC Institution	Salim Ramji CEO	$2.7M 0.00% of portfolio	4.54% 1.8M shares	Q4 2019 Held for 5y 11m	$6.69T
D DAFNA Capital Management LLC Hedge Fund•Event Driven	Nathan Fischel CEO	$2.1M 0.54% of portfolio	3.64% 1.4M shares	Q4 2024 Held for 11 months	$397.7M
PERKINS CAPITAL MANAGEMENT INC RIA/Wealth	Harry Allen Lee Lindberg President	$1.2M 1.10% of portfolio	2.11% 833.9K shares	Q3 2022 Held for 3y 2m	$113.5M
CITIGROUP INC Institution	Jane Fraser CEO	$1.1M 0.00% of portfolio	1.89% 750.0K shares	Q4 2022 Held for 2y 11m	$144.32B
V Velan Capital Investment Management LP Institution	-	$1.1M 1.05% of portfolio	1.89% 747.4K shares	Q4 2021 Held for 3y 11m	$106.5M
Pentwater Capital Management LP Hedge Fund•Event Driven	Matthew Charles Halbower CEO	$1.1M 0.01% of portfolio	1.83% 724.9K shares	Q4 2019 Held for 5y 11m	$10.6B

Net Capital Flow

Institutional buying and selling activity for TELA in Q3 2025

Traded: +$313.2K
Buyers: 13
Sellers: 16
Total Bought: +$990.8K
Total Sold: −$677.6K
Avg Position: $734.6K

Biggest Buyers

Institution	Net Bought	Current Position
W WealthTrust Axiom LLC Institution	+$315.0K +211.4K shares	$345.6K 231.9K shares
HBK Sorce Advisory LLC Hedge Fund•Multi-Strategy	+$153.6K +100.4K shares	$153.6K 100.4K shares
NORTHERN TRUST CORP Institution	+$121.1K +81.3K shares	$261.2K 175.3K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$108.2K +72.6K shares	$127.8K 85.8K shares
S Stonepine Capital Management, LLC Institution	+$106.9K +71.8K shares	$3.2M 2.2M shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	+$81.4K +54.6K shares	$157.7K 105.8K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$52.6K +35.3K shares	$52.6K 35.3K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$28.0K +18.8K shares	$531.6K 356.7K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$14.9K +10.0K shares	$30.1K 20.2K shares
SILVERARC CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	+$4.7K +3.1K shares	$4.1M 2.8M shares

Biggest Sellers

Institution	Net Sold	Current Position
VANGUARD GROUP INC Institution	−$166.4K −111.7K shares	$2.7M 1.8M shares
Pentwater Capital Management LP Hedge Fund•Event Driven	−$134.3K −90.1K shares	$1.1M 724.9K shares
Atom Investors LP Hedge Fund•Market Neutral	−$83.0K −42.8K shares	Sold Off 0 shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	−$74.6K −38.4K shares	Sold Off 0 shares
PERKINS CAPITAL MANAGEMENT INC RIA/Wealth	−$62.5K −41.9K shares	$1.2M 833.9K shares
UBS Group AG Institution	−$42.8K −28.7K shares	$323.0K 216.8K shares
Rollins Financial Advisors, LLC RIA/Wealth	−$36.2K −18.7K shares	Sold Off 0 shares
Solstein Capital, LLC Hedge Fund•Value	−$31.8K −16.4K shares	Sold Off 0 shares
V Virtu Financial LLC Institution	−$26.0K −13.4K shares	Sold Off 0 shares
HighTower Advisors, LLC RIA/Wealth	−$8.9K −6.0K shares	$15.4K 10.4K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited TELA in Q3 2025

New Positions: 1
New Value: $153.6K
Exited Positions: 7
Exited Value: $256.9K

New Positions

Institution	Position Value
HBK Sorce Advisory LLC Hedge Fund•Multi-Strategy	$153.6K 100.4K shares

Exited Positions

Institution	Previous Position
Atom Investors LP Hedge Fund•Market Neutral	$83.0K 42.8K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	$74.6K 38.4K shares
Rollins Financial Advisors, LLC RIA/Wealth	$36.2K 18.7K shares
Solstein Capital, LLC Hedge Fund•Value	$31.8K 16.4K shares
V Virtu Financial LLC Institution	$26.0K 13.4K shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	$4.1K 2.1K shares
FEDERATED INVESTORS INC /PA/ Long Only Manager	$1.2K 613.0 shares

Options Activity

Institutions with the largest Call and Put options positions in TELA as of Q3 2025

Call Positions: 2
Call Value: $1.1M
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	$1.1M 7.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with TELA as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S Stonepine Capital Management, LLC Institution	-	2.61% $3.2M	5.44% 2.2M shares	Q2 2023 Held for 2y 5m	$123.0M
Essex Woodlands Health Ventures, Inc. Private Equity	Martin Paul Sutter President	1.99% $6.1M	10.38% 4.1M shares	Q4 2019 Held for 5y 11m	$307.1M
PERKINS CAPITAL MANAGEMENT INC RIA/Wealth	Harry Allen Lee Lindberg President	1.10% $1.2M	2.11% 833.9K shares	Q3 2022 Held for 3y 2m	$113.5M
V Velan Capital Investment Management LP Institution	-	1.05% $1.1M	1.89% 747.4K shares	Q4 2021 Held for 3y 11m	$106.5M
SILVERARC CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Devesh Sharad Gandhi Founder	0.60% $4.1M	7.02% 2.8M shares	Q1 2023 Held for 2y 8m	$689.7M
D DAFNA Capital Management LLC Hedge Fund•Event Driven	Nathan Fischel CEO	0.54% $2.1M	3.64% 1.4M shares	Q4 2024 Held for 11 months	$397.7M
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	Daniel J. Mack Managing Partner	0.47% $7.6M	12.90% 5.1M shares	Q3 2022 Held for 3y 2m	$1.6B
Sio Capital Management, LLC Hedge Fund•Long/Short	Judah Zvi Drillick CEO	0.24% $948.1K	1.61% 636.3K shares	Q4 2024 Held for 11 months	$395.2M
B Birchview Capital, LP Hedge Fund•Value	Matthew William Strobeck CIO	0.18% $231.0K	0.39% 155.0K shares	Q4 2024 Held for 11 months	$130.3M
U UP STRATEGIC WEALTH INVESTMENT ADVISORS LLC RIA/Wealth	George William Mulwee CCO	0.11% $147.8K	0.25% 99.9K shares	Q4 2023 Held for 1y 11m	$133.4M

Hedge Fund Spotlight

Discover hedge funds investing in TELA

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in TELA Bio

Market Value: $52.6K
Shares Held: 35.3K
Portfolio Weight: 0.00%
Owned Since: 2022-Q4

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