| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| Vestal Point Capital, LP | 9.9% | $18,525,720 | 2,470,096 | Vestal Point Capital, LP | 30 Sep 2024 | |||
| Ikarian Capital, LLC | 16% | -27% | $6,473,244 | 967,600 | 0% | Ikarian Capital, LLC | 30 Nov 2025 | |
| BIOTECHNOLOGY VALUE FUND L P | 10% | $11,561,410 | 768,200 | BVF PARTNERS L P/IL | 31 Dec 2025 | |||
| Venrock Healthcare Capital Partners III, L.P. | 9.9% | 0% | $10,429,033 | +$2,106,834 | 692,959 | +25% | Venrock Healthcare Capital Partners III, L.P. | 31 Dec 2025 |
| RTW INVESTMENTS, LP | 9.9% | -0.9% | $9,797,068 | +$3,499,546 | 650,968 | +56% | RTW Investments, LP | 31 Dec 2025 |
| JANUS HENDERSON GROUP PLC | 10% | +150% | $4,172,774 | +$3,057,778 | 623,733 | +274% | JANUS HENDERSON GROUP PLC | 28 Nov 2025 |
| MORGAN STANLEY | 9.6% | $8,975,459 | 596,376 | Morgan Stanley | 31 Dec 2025 | |||
| PERCEPTIVE ADVISORS LLC | 9.1% | +30% | $8,568,085 | +$1,958,998 | 569,308 | +30% | Perceptive Advisors LLC | 31 Dec 2025 |
| Lind Global Fund II LP | 6.6% | -24% | $6,659,324 | 442,480 | 0% | Lind Global Fund II LP | 31 Dec 2025 | |
| Invus Global Management, LLC | 9.4% | $2,562,846 | 427,141 | Raymond Debbane | 26 Sep 2025 | |||
| Point72 Asset Management, L.P. | 6.8% | -8.6% | $6,372,396 | +$1,260,919 | 423,415 | +25% | Point72 Asset Management, L.P. | 31 Dec 2025 |
| Dellora Investments LP | 6.4% | -27% | $6,036,119 | +$752,500 | 401,071 | +14% | Dellora Investments LP | 31 Dec 2025 |
| INTEGRATED CORE STRATEGIES (US) LLC | 6.9% | +22% | $1,882,272 | +$480,576 | 313,712 | +34% | Integrated Core Strategies (US) LLC | 30 Sep 2025 |
| S.H.N. Financial Investments Ltd. | 5% | $1,052,814 | 179,050 | S.H.N. Financial Investments Ltd. | 31 Dec 2024 |
As of 31 Dec 2025, 47 institutional investors reported holding 6,948,962 shares of TENAX THERAPEUTICS, INC. - Common Stock, $0.0001 par value per share (TENX). This represents 99% of the company’s total 6,999,586 outstanding shares.
The largest institutional shareholders of TENAX THERAPEUTICS, INC. - Common Stock, $0.0001 par value per share (TENX) together control 95% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| Ikarian Capital, LLC | 14% | 967,600 | 0% | 1.5% | $11,795,044 |
| MORGAN STANLEY | 8.5% | 596,376 | +234% | 0% | $7,269,823 |
| PERCEPTIVE ADVISORS LLC | 6.3% | 439,142 | 0.1% | $5,353,141 | |
| Siren, L.L.C. | 6.1% | 427,141 | +21% | 0.16% | $5,206,849 |
| Point72 Asset Management, L.P. | 6% | 423,415 | 0.01% | $5,161,429 | |
| RTW INVESTMENTS, LP | 5.4% | 378,346 | 0% | 0.05% | $4,612,038 |
| BOOTHBAY FUND MANAGEMENT, LLC | 5% | 352,206 | 0% | 0.11% | $4,293,391 |
| BVF INC/IL | 4.9% | 339,549 | 0% | 0.14% | $4,139,102 |
| MILLENNIUM MANAGEMENT LLC | 4.3% | 302,473 | -3.6% | 0% | $3,687,146 |
| MARSHALL WACE, LLP | 4.3% | 298,153 | +68% | 0% | $3,634,484 |
| VANGUARD GROUP INC | 3.7% | 255,664 | +58% | 0% | $3,116,545 |
| DIADEMA PARTNERS LP | 3.5% | 243,170 | 1.8% | $2,964,242 | |
| Vivo Capital, LLC | 3% | 208,333 | 0% | 0.16% | $2,539,579 |
| SPHERA FUNDS MANAGEMENT LTD. | 2.7% | 190,111 | 0.48% | $2,317,453 | |
| Integral Health Asset Management, LLC | 2.4% | 167,000 | 0% | 0.1% | $2,035,730 |
| JANUS HENDERSON GROUP PLC | 2.4% | 166,666 | 0% | 0% | $2,019,159 |
| Woodline Partners LP | 2% | 143,481 | +63% | 0.01% | $1,749,033 |
| FMR LLC | 2% | 141,100 | 0% | $1,720,009 | |
| CITADEL ADVISORS LLC | 1.9% | 129,528 | +199% | 0% | $1,578,947 |
| RENAISSANCE TECHNOLOGIES LLC | 1.8% | 125,579 | +122% | 0% | $1,530,808 |
| Velan Capital Investment Management LP | 1.2% | 83,333 | 0% | 0.59% | $1,015,829 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | 1.2% | 83,333 | 0% | 0% | $1,015,829 |
| Persistent Asset Partners Ltd | 0.93% | 65,272 | 0.38% | $795,666 | |
| ADAR1 Capital Management, LLC | 0.91% | 63,673 | +19% | 0.06% | $776,174 |
| GEODE CAPITAL MANAGEMENT, LLC | 0.8% | 55,699 | +62% | 0% | $678,970 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 6,948,962 | $84,695,343 | +$29,084,194 | $12.19 | 47 |
| 2025 Q3 | 4,720,738 | $35,929,590 | +$18,970,343 | $7.61 | 34 |
| 2025 Q2 | 2,231,961 | $12,926,914 | +$1,314,380 | $5.76 | 25 |
| 2025 Q1 | 2,006,422 | $13,111,231 | +$4,224,591 | $6.55 | 23 |
| 2024 Q4 | 1,362,190 | $8,426,122 | +$1,144,778 | $6.19 | 21 |
| 2024 Q3 | 1,228,920 | $4,253,022 | +$4,189,827 | $3.46 | 19 |
| 2024 Q2 | 18,829 | $57,207 | +$35,228 | $3.02 | 10 |
| 2024 Q1 | 7,235 | $30,532 | +$30,532 | $4.24 | 9 |