Adagene Inc (ADAG) Hedge Fund Ownership (Q2 2026)

Adagene Inc (ADAG)

36 + Investors. Track Smart Money conviction in ADAG. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — ADAG

Based on 36 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q

For 2 consecutive quarters, more hedge funds added ADAG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

36 hedge funds hold ADAG right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +140% more funds vs a year ago

fund count last 6Q

+21 new funds entered over the past year (+140% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟢

More buyers than sellers — 72% buying

28 buying11 selling

Last quarter: 28 funds were net buyers (18 opened a brand new position + 10 added to an existing one). Only 11 were sellers (5 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter

Funds opening a new ADAG position: 3 → 3 → 10 → 18. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔄

Mostly new holders — 64% entered in last year

■ 14% conviction (2yr+) ■ 22% medium ■ 64% new

Only 5 funds (14%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

💰

Value +736% but shares only +484% — price-driven

Value

+735%

+484%

Last quarter: the total dollar value of institutional holdings rose +736%, but actual share count only changed +484%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

🚀

Acceleration phase — new buyers rushing in

4 → 3 → 3 → 10 → 18 new funds/Q

New funds entering each quarter: 3 → 3 → 10 → 18. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.

🌱

Early stage — 61% of holders entered in last year

■ 28% veterans ■ 11% 1-2yr ■ 61% new

Of 36 current holders: 22 (61%) entered in the past year, only 10 (28%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.

📋

Smaller funds dominant — 13% AUM from top-100

13% from top-100 AUM funds

13 of 36 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

6.3

out of 10

Moderate Exit Risk

Exit risk score 6.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	36	24	50.0%
13F Shares	19M	3M	484.13%
Total Value	$81M	$10M	735.55%
New Positions	18	10	+8
Increased Positions	10	3	+7
Closed Positions	6	2	+4
Reduced Positions	5	6	-1
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

50.0%

13F Shares

19M

484.13%

Total Value

$81M

$10M

735.55%

New Positions

Increased Positions

Closed Positions

Reduced Positions

-1

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

36 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ADAG. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 ADAG holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Dauntless Investment Group, LLC	1.77%	537,230	$2.3M
2	Squadron Capital Management LLC	1.63%	1,250,000	$5.2M
3	Exome Asset Management LLC	1.27%	488,293	$2.1M
4	Birchview Capital, LP	0.47%	240,000	$1.0M
5	HSG Holding Ltd	0.47%	1,343,364	$5.6M
6	Siren, L.L.C.	0.23%	2,666,666	$11.2M
7	Deerfield Management Company, L.P.	0.12%	2,666,666	$11.2M
8	Kamunting Street Capital Management, L.P.	0.09%	38,070	$160K
9	SmartHarvest Portfolios, LLC	0.06%	41,694	$175K
10	Jupiter Topco LLC	0.01%	6,666,666	$28.1M
11	Moneta Group Investment Advisors LLC	0.01%	200,000	$840K
12	Quadrature Capital Ltd	0.00%	80,487	$338K
13	Pathstone Holdings, LLC	0.00%	199,610	$838K
14	Ameriprise Financial Inc	0.00%	1,716,711	$7.2M
15	Renaissance Technologies LLC	0.00%	146,500	$615K
16	XTX Topco Ltd	0.00%	12,272	$52K
17	Citadel Advisors LLC	0.00%	506,934	$2.1M
18	Marshall Wace, LLP	0.00%	69,100	$290K
19	Hrt Financial LP	0.00%	21,735	$91K
20	Tower Research Capital LLC (TRC)	0.00%	1,058	$4K
21	UBS Group AG	0.00%	124,063	$521K
22	Huntington National Bank	0.00%	2,464	$10K
23	Goldman Sachs Group Inc	0.00%	105,598	$444K
24	Two Sigma Investments, LP	0.00%	11,953	$50K
25	Caitong International Asset Management Co., Ltd	0.00%	48	—

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Adagene Inc (ADAG)

What does the Smart Money Trend signal show for ADAG?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added ADAG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for ADAG?

More buyers than sellers — 72% buying: Last quarter: 28 funds were net buyers (18 opened a brand new position + 10 added to an existing one). Only 11 were sellers (5 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for ADAG holders?

Smaller funds dominant — 13% AUM from top-100: 13 of 36 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held ADAG?

Mostly new holders — 64% entered in last year: Only 5 funds (14%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Market Cap	--
Enterprise Value	--
Trailing P/E	--
Forward P/E	--
PEG Ratio (5yr expected)	--
Price/Sales (ttm)	--
Price/Book (mrq)	--
Enterprise Value/Revenue	--
Enterprise Value/EBITDA	--
Beta (5Y Monthly)	--
Short Ratio (Days to Cover)	--
Short % of Float	--

Profit Margin	--
Return on Assets (ttm)	--
Return on Equity (ttm)	--

Revenue (ttm)	--
Net Income Avi to Common (ttm)	--
Diluted EPS (ttm)	--
Total Cash (mrq)	--
Total Debt/Equity (mrq)	--
Levered Free Cash Flow (ttm)	--

Adagene Inc (ADAG)

Smart Money Signals — ADAG

Buying streak — 2 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +140% more funds vs a year ago

More buyers than sellers — 72% buying

More new buyers each quarter (+8 vs last Q)

Mostly new holders — 64% entered in last year

Value +736% but shares only +484% — price-driven

Acceleration phase — new buyers rushing in

Early stage — 61% of holders entered in last year

Smaller funds dominant — 13% AUM from top-100

Institutional Sentiment Summary — ADAG

Hedge Fund Ownership: ADAG

Market Analysis: ADAG

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: ADAG

Hedge Fund Positioning: ADAG

Statistics: ADAG

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Adagene Inc (ADAG)

Welcome to 13Foresight!