Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

AEHR TEST SYS COM (AEHR)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -6
Streak
1Q ▼
Buyers last Q
52%

Smart Money Signals — AEHR

Based on 147 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their AEHR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 90% of 3.0Y peak

90% of all-time peak
147 funds currently hold this stock — 90% of the 3.0-year high of 163 funds (reached 2023 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +11% more funds vs a year ago

fund count last 6Q
+15 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 52% buying

87 buying79 selling
Last quarter: 87 funds bought or added vs 79 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-20 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 20 → 29 → 46 → 26. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 31% medium ■ 22% new
69 out of 147 hedge funds have held AEHR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +1%, value -32%

Value
-32%
Shares
+1%
Last quarter: funds added +1% more shares while total portfolio value only changed -32%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

29 → 20 → 29 → 46 → 26 new funds/Q
New funds entering each quarter: 20 → 29 → 46 → 26. A growing number of institutions are discovering AEHR each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 62% of holders stayed 2+ years

■ 62% veterans ■ 13% 1-2yr ■ 25% new
Of 163 current holders: 101 (62%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 35% AUM from major funds

35% from top-100 AUM funds
30 of 147 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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.

Hedge Fund Ownership: AEHR

How many hedge funds hold AEHR — quarterly history vs. share price
Quarterly hedge fund ownership of AEHR vs. share price

Market Analysis: AEHR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: AEHR

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

31 top-rated funds 1 high-conviction
Consensus
6.5
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: AEHR
2026 Q1 Stats Unlock in 11 days 163 + Investors

Track Smart Money conviction in AEHR. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 163 170 -4.12%
13F Shares 26M 25M 0.97%
Total Value $515M $760M -32.24%
New Positions 27 49 -22
Increased Positions 76 73 +3
Closed Positions 36 18 +18
Reduced Positions 68 52 +16
Total Calls 10 11 -9.09%
Total Puts 9 11 -18.18%
PUT/CALL Ratio 0.9 1.0 Neutral

Statistics: AEHR

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Valuation Measures Data as of: --

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Enterprise Value --
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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 --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

163 + investors

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

Top 25 institutional holders of AEHR — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Penbrook Management LLC 2.23% 79,515 $2.9M
2 BARD ASSOCIATES INC 1.67% 179,127 $6.6M
3 Bouvel Investment Partners, LLC 0.77% 71,824 $2.7M
4 Sun Group Wealth Partners 0.52% 17,931 $665K
5 Fortitude Advisory Group L.L.C. 0.48% 28,682 $1.1M
6 LAUREL OAK WEALTH MANAGEMENT, LLC 0.24% 38,670 $1.4M
7 KLCM Advisors, Inc. 0.23% 75,000 $2.8M
8 Halter Ferguson Financial Inc. 0.12% 14,631 $543K
9 Malaga Cove Capital, LLC 0.07% 5,400 $200K
10 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.06% 513,293 $19.0M
11 HERITAGE INVESTORS MANAGEMENT CORP 0.05% 48,413 $2K
12 Inspire Investing, LLC 0.04% 14,057 $521K
13 Brady Martz Wealth Solutions, LLC 0.04% 6,345 $235K
14 GSA CAPITAL PARTNERS LLP 0.04% 17,367 —
15 BAILLIE GIFFORD & CO 0.04% 1,001,018 $37.1M
16 GREENWOOD CAPITAL ASSOCIATES LLC 0.04% 9,044 $335K
17 Clarity Financial LLC 0.03% 7,732 $287K
18 Lodestone Wealth Management LLC 0.03% 1,834 $68K
19 Belpointe Asset Management LLC 0.02% 12,181 $452K
20 NFSG Corp 0.01% 1,950 $72K
21 Brooklyn Investment Group 0.01% 9,642 $358K
22 Kestra Advisory Services, LLC 0.01% 60,100 $2.2M
23 Crewe Advisors LLC 0.01% 2,500 $93K
24 State of Alaska, Department of Revenue 0.01% 18,675 —
25 NBC SECURITIES, INC. 0.01% 2,498 $93K
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 — AEHR TEST SYS COM (AEHR)

What does the Smart Money Trend signal show for AEHR?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their AEHR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for AEHR?

Slight buying edge — 52% buying: Last quarter: 87 funds bought or added vs 79 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for AEHR holders?

Strong quality — 35% AUM from major funds: 30 of 147 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held AEHR?

47% of holders stayed for 2+ years: 69 out of 147 hedge funds have held AEHR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.