What smart money is saying about Tenaris
TEN
No fund has written a full thesis on Tenaris in our archive, but 1 fund letter reports a position in it — most recently Harding Loevner Emerging Markets Equity in June 2026.
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1
Reported positions
0
Bought
0
Sold
1
Letter
Position history
Every position in Tenaris on record in the archive was reported in Q2 2026, across 1 fund letter, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 1 | 0 | 0 | 0 |
Fund activity · 1 position
- June 2026
“Top detractors from relative performance: Brazil’s WEG and drugstore operator Raia Drogasil detracted as higher inflation expectations in the country are expected to result in higher-for-longer interest rates. Nevertheless, Raia Drogasil reported strong earnings powered by growth in its GLP-1 category and the expanding footprint of its pharmacies. Developed Market-listed Energy holding Tenaris detracted due to fears that the closure of the Strait of Hormuz could delay delivery of its steel-pipe products and inflate logistics costs.”
Tenaris
Read the letters behind these Tenaris positions
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