HQL
Tekla Life Sciences InvestorsFinancial Services·Asset Management
$17.86
$543M market cap
Revenue
$11.6M
Free Cash Flow
$-1.3M
Rev Growth
+0.0%
FCF Margin
-11.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Tekla Life Sciences Investors is a closed-ended equity mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the life sciences sector, including the biotechnology, pharmaceutical, diagnostics, managed healthcare, medical equipment, hospitals, healthcare information technology and services, devices and supplies industries, and in agriculture and environmental management i
2-Year Price History
$17.19+62.0%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2025-Q4 | 11.6 | 132.8 | 132.8 | 132.8 | -1.3 | -1.3 | -0.0 | 0.1 | 0.0 | 28.9 | 159.2% | -- | -- |
Valuation & Metrics
Market Stats
Price$17.86
Market Cap$543M
Enterprise Value$543M
P/S Ratio46.7x
P/FCF--
EV/FCF--
FCF Margin (TTM)-11.0%
FCF Yield-0.2%
Dividend Yield (TTM)13.8%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$11.6M
Net Income$132.8M
Free Cash Flow$-1.3M
Revenue Growth (YoY)+0.0%
EBITDA Margin1141.8%
Net Margin1141.8%
FCF Margin-11.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC159.2%
WC Change % Rev0.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.0
Change (vs Prior)-11.5%
Need at least 2 settlement dates for chart
Cash Runway
0.7months
CRITICAL
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
25.4%(+5.2% YoY)
83 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.0%(+0.0% YoY)
1 filers
Vanguard, iShares, SPDR
Market makers
0.3%(+0.1% YoY)
2 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| MORGAN STANLEY | $25.6M | $13.07 | +$6.4M | +$17.1M | -0.3% | $1.65T |
| Saba Capital Management, L.P. | $15.4M | $10.15 | −$18.4M | −$36.5M | -4.6% | $3.09B |
| Penserra Capital Management LLC | $13.1M | $12.29 | −$1.1M | +$976K | +0.8% | $8.52B |
| RAYMOND JAMES FINANCIAL INC | $10.8M | $12.87 | +$1.0M | +$5.7M | -0.0% | $322.69B |
| LPL Financial LLC | $7.8M | $12.63 | +$472K | +$2.4M | -0.2% | $372.65B |
| NEEDHAM INVESTMENT MANAGEMENT LLC | $7.0M | $11.98 | +$413K | +$828K | -0.1% | $1.95B |
| FLAGSHIP HARBOR ADVISORS, LLC | $6.2M | $11.20 | +$305K | +$681K | -0.3% | $2.26B |
| Allspring Global Investments Holdings, LLC | $5.9M | $10.86 | +$2.1M | +$2.8M | -0.7% | $59.61B |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | $3.2M | $11.76 | +$0 | +$586K | -13.5% | $1.98B |
| AMERIPRISE FINANCIAL INC | $3.1M | $10.91 | +$18K | +$380K | -0.1% | $430.96B |
| Formidable Asset Management, LLC | $2.7M | $13.63 | +$535K | +$1.6M | -0.4% | $647M |
| Advisors Asset Management, Inc. | $2.6M | $10.69 | −$125K | +$28K | -0.4% | $6.01B |
| 180 WEALTH ADVISORS, LLC | $2.4M | $10.48 | −$75K | +$219K | -0.4% | $876M |
| ROYAL BANK OF CANADA | $2.0M | $11.60 | +$270K | +$777K | -0.2% | $526.36B |
| BANK OF AMERICA CORP /DE/ | $1.9M | $9.70 | +$144K | −$1.0M | -0.1% | $1.36T |
| 1607 Capital Partners, LLC | $1.7M | $9.27 | −$173K | −$1.3M | +0.5% | $1.37B |
| Janney Montgomery Scott LLC | $1.5M | $10.64 | +$58K | +$1.5M | -0.2% | $40.39B |
| World Investment Advisors | $1.5M | $14.22 | −$134K | +$1.5M | -0.3% | $6.09B |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | $1.4M | $11.84 | +$171K | +$396K | +0.1% | $696M |
| UHLMANN PRICE SECURITIES, LLCMM | $1.3M | $12.41 | +$27K | +$112K | +0.6% | $1.49B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
-0.98%
avg per quarter
Holders (ex-self)
-1.01%
excl. this stock
Buyers (this Q)
-0.32%
43 buyers · $0.01B in
Sellers (this Q)
-3.06%
25 sellers · $0.03B out
alpha coverage: 100% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
+0.2%
how holders react when this stock falls
On quiet Qs
-2.9%
−10% to +10% baseline
On rallies (+10%+)
-8.2%
how they react when this stock rises
Holders' portfolio flow this Q
+10.3%
inflows — adds are organic
Sellers' portfolio flow this Q
+3.2%
Sellers grew AUM elsewhere — opinionated cut of this stock.
Biggest decreases this quarter
Saba Capital Management, L.P.−$18.4Mα-4.6LANDSCAPE CAPITAL MANAGEMENT, L.L.C.exited−$1.2MPenserra Capital Management LLC−$1.1Mα+0.8Shaker Financial Services, LLC−$649Kα-0.0NewEdge Advisors, LLCexited−$339K1607 Capital Partners, LLC−$173Kα+0.5World Investment Advisors−$134Kα-0.3Advisors Asset Management, Inc.−$125Kα-0.4180 WEALTH ADVISORS, LLC−$75Kα-0.4Creekmur Asset Management LLCexited−$4K
Top-5 holders · 54.0%
MORGAN STANLEY--
Saba Capital Management, L.P.--
Penserra Capital Management LLC--
RAYMOND JAMES FINANCIAL INC--
LPL Financial LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Saba Capital Management, L.P.947KMORGAN STANLEY1.6MPenserra Capital Management LLC807KRAYMOND JAMES FINANCIAL INC661KNEEDHAM INVESTMENT MANAGEMENT LLC430KAdvisors Asset Management, Inc.160KABSOLUTE INVESTMENT ADVISERS, LLC36KLPL Financial LLC479KWELLS FARGO & COMPANY/MN2KFLAGSHIP HARBOR ADVISORS, LLC383K
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$134K
1 txn · 1 insider · 7,923 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$2.53M
11 txns · 1 insider · 179,906 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2025-12-16 | BUY | Pittard Christian | director | 7,923 | $16.88 | $134K | $134K |
| 2025-09-22 | SELL | Saba Capital Management, L.P. | 10 percent owner | 41,623 | $14.14 | $589K | $40.12M |
| 2025-09-19 | SELL | Saba Capital Management, L.P. | 10 percent owner | 6,989 | $14.10 | $99K | $40.60M |
| 2025-09-18 | SELL | Saba Capital Management, L.P. | 10 percent owner | 40,208 | $14.07 | $566K | $40.61M |
| 2025-09-17 | SELL | Saba Capital Management, L.P. | 10 percent owner | 24,328 | $13.99 | $340K | $40.94M |
| 2025-09-16 | SELL | Saba Capital Management, L.P. | 10 percent owner | 2,026 | $13.99 | $28K | $41.28M |
| 2025-09-15 | SELL | Saba Capital Management, L.P. | 10 percent owner | 700 | $14.13 | $10K | $41.72M |
| 2025-09-11 | SELL | Saba Capital Management, L.P. | 10 percent owner | 15,116 | $14.28 | $216K | $42.18M |
| 2025-09-02 | SELL | Saba Capital Management, L.P. | 10 percent owner | 14,083 | $14.04 | $198K | $41.68M |
| 2025-08-29 | SELL | Saba Capital Management, L.P. | 10 percent owner | 23,723 | $13.89 | $330K | $41.43M |
| 2025-08-26 | SELL | Saba Capital Management, L.P. | 10 percent owner | 400 | $13.83 | $6K | $41.58M |
| 2025-08-21 | SELL | Saba Capital Management, L.P. | 10 percent owner | 10,710 | $14.07 | $151K | $42.31M |
Order Flow (FINRA, ~3w lag)
53.4%retail+7.2pp
11.3%dark-3.3pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.