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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F Institutional Ownership · TELA

TELA Bio Inc NASDAQ NMS - GLOBAL MARKET:TELA

Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.

7 new13 added22 reduced7 exited

New Positions(7)

ManagerSharesΔ SharesValueΔ Value% Δ
XTX Topco Ltd40,955+40,955$48.3K+$48.3K
Ducere Wealth Management LLC20,000+20,000$23.6K+$23.6K
GREAT VALLEY ADVISOR GROUP, INC.19,602+19,602$23.1K+$23.1K
NINE MASTS CAPITAL Ltd16,486+16,486$19.5K+$19.5K
ACADIAN ASSET MANAGEMENT LLC20,817+20,817$24+$24
Virtu Financial LLC10,663+10,663$13+$13
SIMPLEX TRADING, LLC3+3$3+$3

Added To(13)

ManagerSharesΔ SharesValueΔ Value% Δ
Essex Woodlands Management, Inc.7,714,709+3,604,000$9.1M+$3.0M87.7%
UBS Group AG1,500,469+1,283,667$1.8M+$1.4M592.1%
VANGUARD GROUP INC1,830,550+30,666$2.2M-$521.8K1.7%
Stonepine Capital Management, LLC2,352,032+196,513$2.8M-$436.3K9.1%
PERKINS CAPITAL MANAGEMENT INC1,397,418+563,490$1.6M+$406.4K67.6%
BlackRock, Inc.462,353+1,747$545.6K-$140.7K0.4%
Embree Financial Group111,318+97,318$131.4K+$110.5K695.1%
GEODE CAPITAL MANAGEMENT, LLC361,498+4,777$426.6K-$105.0K1.3%
RENAISSANCE TECHNOLOGIES LLC128,700+64,800$151.9K+$56.7K101.4%
WealthTrust Axiom LLC322,588+90,650$380.7K+$35.1K39.1%
RAYMOND JAMES FINANCIAL INC30,200+10,000$35.6K+$5.5K49.5%
BANK OF AMERICA CORP /DE/36+1$42-$102.9%
Royal Bank of Canada50+3$0$06.4%

Reduced(22)

ManagerSharesΔ SharesValueΔ Value% Δ
Nantahala Capital Management, LLC5,861,5880$6.9M-$1.8M0.0%
SILVERARC CAPITAL MANAGEMENT, LLC2,647,512-135,411$3.1M-$1.0M-4.9%
DAFNA Capital Management LLC1,441,0290$1.7M-$446.7K0.0%
CITIGROUP INC750,0000$885.0K-$232.5K0.0%
Sio Capital Management, LLC636,3000$750.8K-$197.3K0.0%
SUSQUEHANNA INTERNATIONAL GROUP, LLP37,174-48,589$43.9K-$83.9K-56.6%
UP STRATEGIC WEALTH INVESTMENT ADVISORS LLC99,8880$81.0K-$66.8K0.0%
NORTHERN TRUST CORP174,398-921$205.8K-$55.4K-0.5%
Destiny Wealth Partners, LLC52,5000$50.7K-$27.5K0.0%
CITADEL ADVISORS LLC23,382-11,899$27.6K-$25.0K-33.7%
STATE STREET CORP63,3830$74.8K-$19.6K0.0%
BRIDGEWAY CAPITAL MANAGEMENT, LLC57,5000$67.8K-$17.8K0.0%
PNC Financial Services Group, Inc.53,6120$63.3K-$16.6K0.0%
HighTower Advisors, LLC10,3520$12.2K-$3.2K0.0%
WELLS FARGO & COMPANY/MN4,2000$5.0K-$1.3K0.0%
MORGAN STANLEY2,2190$2.6K-$6880.0%
Steward Partners Investment Advisory, LLC1,9910$2.3K-$6180.0%
JPMORGAN CHASE & CO39-300$46-$459-88.5%
SBI Securities Co., Ltd.301-1$355-$95-0.3%
GSA CAPITAL PARTNERS LLP73,811-31,998$87-$71-30.2%
BNP PARIBAS ARBITRAGE, SNC2100$248-$650.0%
ADVISOR GROUP HOLDINGS, INC.1000$118-$320.0%

Sold Out(7)

ManagerSharesΔ SharesValueΔ Value% Δ
Velan Capital Investment Management LP0-747,410$0-$1.1M
Pentwater Capital Management LP0-724,856$0-$1.1M
PARADIGM CAPITAL MANAGEMENT INC/NY0-200,000$0-$298.0K
NEW YORK STATE COMMON RETIREMENT FUND0-37,953$0-$287.6K
Birchview Capital, LP0-155,000$0-$230.9K
HBK Sorce Advisory LLC0-100,365$0-$153.6K
CWM, LLC0-337$0-$1

Top Holders by reported value

Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.

ManagerShares$ ValueΔ SharesQoQ %
Essex Woodlands Management, Inc.7,714,709$9.1M+3,604,00087.7%
Nantahala Capital Management, LLC5,861,588$6.9M00.0%
SILVERARC CAPITAL MANAGEMENT, LLC2,647,512$3.1M-135,411-4.9%
Stonepine Capital Management, LLC2,352,032$2.8M+196,5139.1%
VANGUARD GROUP INC1,830,550$2.2M+30,6661.7%
UBS Group AG1,500,469$1.8M+1,283,667592.1%
DAFNA Capital Management LLC1,441,029$1.7M00.0%
PERKINS CAPITAL MANAGEMENT INC1,397,418$1.6M+563,49067.6%
CITIGROUP INC750,000$885.0K00.0%
Sio Capital Management, LLC636,300$750.8K00.0%
BlackRock, Inc.462,353$545.6K+1,7470.4%
GEODE CAPITAL MANAGEMENT, LLC361,498$426.6K+4,7771.3%
WealthTrust Axiom LLC322,588$380.7K+90,65039.1%
NORTHERN TRUST CORP174,398$205.8K-921-0.5%
RENAISSANCE TECHNOLOGIES LLC128,700$151.9K+64,800101.4%
Embree Financial Group111,318$131.4K+97,318695.1%
UP STRATEGIC WEALTH INVESTMENT ADVISORS LLC99,888$81.0K00.0%
STATE STREET CORP63,383$74.8K00.0%
BRIDGEWAY CAPITAL MANAGEMENT, LLC57,500$67.8K00.0%
PNC Financial Services Group, Inc.53,612$63.3K00.0%

New & Closed Positions this quarter

Methodology

Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.

Quarter-over-quarter deltas compare each manager's most recently reported share count for TELA against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.

Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.