Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in HQL held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | MORGAN STANLEY | 1.6M | $25.6M | +34.9% | 5.441% | 0.00% |
| 2 | Saba Capital Management, L.P. | 947K | $15.4M | -55.3% | 3.281% | 0.51% |
| 3 | RAYMOND JAMES FINANCIAL INC | 661K | $10.8M | +10.8% | 2.290% | 0.00% |
| 4 | LPL Financial LLC | 479K | $7.8M | +6.7% | 1.658% | 0.00% |
| 5 | NEEDHAM INVESTMENT MANAGEMENT LLC | 430K | $7.0M | +6.5% | 1.488% | 0.36% |
| 6 | FLAGSHIP HARBOR ADVISORS, LLC | 383K | $6.2M | +5.3% | 1.325% | 0.27% |
| 7 | Allspring Global Investments Holdings, LLC | 363K | $5.9M | +57.3% | 1.256% | 0.01% |
| 8 | RIVERNORTH CAPITAL MANAGEMENT, LLC | 199K | $3.2M | 0.0% | 0.688% | 0.16% |
| 9 | AMERIPRISE FINANCIAL INC | 192K | $3.1M | +0.6% | 0.664% | 0.00% |
| 10 | Formidable Asset Management, LLC | 158K | $2.7M | +27.3% | 0.549% | 0.41% |
| 11 | 180 WEALTH ADVISORS, LLC | 150K | $2.4M | -3.1% | 0.518% | 0.28% |
| 12 | ROYAL BANK OF CANADA | 121K | $2.0M | +16.5% | 0.420% | 0.00% |
| 13 | BANK OF AMERICA CORP /DE/ | 116K | $1.9M | +8.6% | 0.400% | 0.00% |
| 14 | 1607 Capital Partners, LLC | 104K | $1.7M | -9.6% | 0.360% | 0.12% |
| 15 | Pensionmark Financial Group, LLC | 91K | $1.5M | -8.6% | 0.315% | 0.02% |
| 16 | BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 88K | $1.4M | +14.1% | 0.304% | 0.21% |
| 17 | UHLMANN PRICE SECURITIES, LLC | 78K | $1.3M | +2.3% | 0.270% | 0.09% |
| 18 | Private Advisor Group, LLC | 77K | $1.3M | +19.9% | 0.267% | 0.01% |
| 19 | Shaker Financial Services, LLC | 74K | $1.2M | -35.7% | 0.257% | 0.42% |
| 20 | Z3 Capital Partners, LLC | 67K | $1.1M | — | 0.233% | 0.14% |
| 21 | FIRST TRUST ADVISORS LP | 57K | $933K | +17.6% | 0.199% | 0.00% |
| 22 | Steward Partners Investment Advisory, LLC | 54K | $884K | +15.1% | 0.188% | 0.00% |
| 23 | GUGGENHEIM CAPITAL LLC | 53K | $863K | +29.2% | 0.184% | 0.01% |
| 24 | Invesco Ltd. | 40K | $658K | +147.1% | 0.140% | 0.00% |
| 25 | STIFEL FINANCIAL CORP | 40K | $656K | -3.3% | 0.140% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in HQL — a direct measure of their conviction.
Filings activity in HQL during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new HQL position in Q1 2026
Institutions that fully closed their HQL position in Q1 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 84 | +15% | 23.86% | 2.38 pp | $117M | 9.1% |
| Q4 2025 | 73 | 8.8% | 26.24% | +1.82 pp | $128M | +7.5% |
| Q3 2025 | 80 | +5.3% | 24.42% | +4.20 pp | $120M | +21% |
| Q2 2025 | 76 | 5.0% | 20.22% | +1.10 pp | $99M | +5.7% |
| Q1 2025 | 80 | +9.6% | 19.12% | 1.14 pp | $94M | 5.6% |
| Q4 2024 | 73 | +2.8% | 20.26% | 2.29 pp | $99M | 10% |
| Q3 2024 | 71 | +0.0% | 22.55% | 0.15 pp | $110M | 0.7% |
| Q2 2024 | 71 | — | 22.70% | — | $111M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying HQL stock.
Based on Q1 2026 13F filings, institutional ownership of Tekla Life Sciences Investors stands at 23.9%, held across 84 reporting institutions.
MORGAN STANLEY is the largest reported institutional holder of HQL, with approximately 1,571,014 shares worth $0.03B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of HQL.
Our composite Smart Money Score for HQL is 34 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
18 institutions opened new positions in HQL during Q1 2026, while 7 fully exited. 32 added to existing positions and 34 trimmed.
HQL institutional ownership fell by 2.38 percentage points quarter-over-quarter, with a net change of +11 holders.
The top 10 institutions account for 75.1% of all reported 13F value in HQL, and the top 25 account for 91.9%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Tekla Life Sciences Investors (HQL) Institutional Ownership