  In this article we explore the holographic duals of tensor models using
collective field theory. We develop a description of the gauge invariant
variables of the tensor model. This is then used to develop a collective field
theory description of the dynamics. We consider matrix like subsectors that
develop an extra holographic dimension. In contrast to this, we argue that
melonic large $N$ limits do not develop an extra dimension. The finite $N$
physics of the model is also developed and non-perturbative effects in the
$1/N$ expansion are exhibited.
