Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

An2 Therapeutics Inc (ANTX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +15
Streak
2Q ▲
Buyers last Q
69%

Smart Money Signals — ANTX

Based on 52 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added ANTX 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
52 hedge funds hold ANTX 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 — +41% more funds vs a year ago

fund count last 6Q
+15 new funds entered over the past year (+41% 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. The peak was reached in just 3 quarters from the low — a sharp move.
🟢

More buyers than sellers — 69% buying

37 buying17 selling
Last quarter: 37 funds were net buyers (24 opened a brand new position + 13 added to an existing one). Only 17 were sellers (8 trimmed + 9 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+19 vs last Q)

new funds entering per quarter
Funds opening a new ANTX position: 8 → 2 → 5 → 24. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 35% long-term, 37% new

■ 35% conviction (2yr+) ■ 29% medium ■ 37% new
Of the 52 current holders: 18 (35%) held >2 years, 15 held 1–2 years, and 19 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💰

Value +660% but shares only +156% — price-driven

Value
+659%
Shares
+155%
Last quarter: the total dollar value of institutional holdings rose +660%, but actual share count only changed +156%. 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

5 → 8 → 2 → 5 → 24 new funds/Q
New funds entering each quarter: 8 → 2 → 5 → 24. 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.
🏛️

Veteran-anchored — 42% veterans vs 37% newcomers

■ 42% veterans ■ 21% 1-2yr ■ 37% new
Entry-cohort mix of 52 holders: 22 (42%) are 2+ year veterans, 11 entered 1–2 years ago, and 19 (37%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 22% AUM from major funds

22% from top-100 AUM funds
14 of 52 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.4
out of 10
Moderate Exit Risk
Exit risk score 4.4/10 — 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.

Institutional Sentiment Summary — ANTX

In 2026 Q1, 37 hedge funds were net buyers of ANTX (24 opened a new position, 13 added to an existing one), while 17 reduced or exited (8 trimmed, 9 sold completely) — a 69% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. 22% of total institutional value in ANTX is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +15 funds (more new holders than closures). Total institutional holders: 52.

Hedge Fund Ownership: ANTX

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

Market Analysis: ANTX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ANTX

-- --

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

Is It Too Late to Buy An2 Therapeutics Inc (ANTX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ANTX has moved relative to its sector benchmark (XLV) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 47d ago
ANTX
+23.8%
XLV
+5.5%

ANTX outperformed XLV by +18.3% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 2d ago
ANTX
+0.0%
XLV
+0.0%

Since the filing became public, ANTX outperformed XLV by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: ANTX
2026 Q2 Stats Unlock in 3 days 52 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 52 37 40.54%
13F Shares 22M 9M 155.66%
Total Value $75M $10M 659.83%
New Positions 24 5 +19
Increased Positions 13 9 +4
Closed Positions 9 3 +6
Reduced Positions 8 8 -
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: ANTX

View More

Valuation Measures Data as of: --

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 --

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) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

52 + investors

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

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 ANTX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Ally Bridge Group (NY) LLC 2.25% 526,315 $2.5M
2 Spruce Street Capital LP 1.58% 1,661,073 $8.0M
3 Vivo Capital, LLC 1.39% 3,153,640 $15.3M
4 Stonepine Capital Management, LLC 1.25% 551,692 $2.7M
5 Commodore Capital LP 0.85% 2,933,680 $14.2M
6 Sio Capital Management, LLC 0.42% 529,933 $2.6M
7 Prosight Management, LP 0.40% 474,638 $2.3M
8 Boxer Capital Management, LLC 0.27% 749,035 $3.6M
9 Velan Capital Investment Management LP 0.12% 40,000 $194K
10 SummitTX Capital, L.P. 0.07% 597,453 $2.9M
11 Landscape Capital Management, L.L.C. 0.05% 167,446 $810K
12 ADAR1 Capital Management, LLC 0.01% 58,808 $285K
13 Woodline Partners LP 0.01% 459,805 $2.2M
14 Adage Capital Partners GP, L.L.C. 0.01% 1,000,000 $4.8M
15 Bronte Capital Management Pty Ltd. 0.01% 10,895 $53K
16 Bridgeway Capital Management, LLC 0.01% 59,900 $290K
17 Millennium Management LLC 0.00% 2,318,692 $11.2M
18 Balyasny Asset Management L.P. 0.00% 556,027 $2.7M
19 Walleye Capital LLC 0.00% 72,139 $349K
20 Renaissance Technologies LLC 0.00% 129,700 $628K
21 Citadel Advisors LLC 0.00% 951,997 $4.6M
22 Ameriprise Financial Inc 0.00% 537,064 $2.6M
23 Police & Firemen's Retirement System of New Jersey 0.00% 8,615 $42K
24 Ameritas Investment Partners, Inc. 0.00% 2,402 $12K
25 Captrust Financial Advisors 0.00% 40,165 $194K
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 — An2 Therapeutics Inc (ANTX)

What does the Smart Money Trend signal show for ANTX?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added ANTX 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 ANTX?

More buyers than sellers — 69% buying: Last quarter: 37 funds were net buyers (24 opened a brand new position + 13 added to an existing one). Only 17 were sellers (8 trimmed + 9 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for ANTX holders?

Strong quality — 22% AUM from major funds: 14 of 52 holders rank in the top 100 by AUM, accounting for 22% 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 ANTX?

Mixed — 35% long-term, 37% new: Of the 52 current holders: 18 (35%) held >2 years, 15 held 1–2 years, and 19 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy An2 Therapeutics Inc (ANTX) following the 2026 Q2 hedge fund 13F filings?

As of today, ANTX has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the XLV sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), ANTX has gained +23.8% vs +5.5% for XLV. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

Full history →