Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Ardelyx Inc (ARDX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +12
Streak
3Q ▲
Buyers last Q
61%

Smart Money Signals — ARDX

Based on 235 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added ARDX 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
235 hedge funds hold ARDX 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.
📶

Steady growth — +9% more funds vs a year ago

fund count last 6Q
+20 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 61% buying

154 buying98 selling
Last quarter: 154 funds were net buyers (49 opened a brand new position + 105 added to an existing one). Only 98 were sellers (61 trimmed + 37 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+10 vs last Q)

new funds entering per quarter
Funds opening a new ARDX position: 29 → 40 → 39 → 49. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 24% medium ■ 23% new
125 out of 235 hedge funds have held ARDX 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.
📈

Growing discovery — still being found

41 → 29 → 40 → 39 → 49 new funds/Q
New funds entering each quarter: 29 → 40 → 39 → 49. A growing number of institutions are discovering ARDX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 60% veterans vs 26% newcomers

■ 60% veterans ■ 15% 1-2yr ■ 26% new
Entry-cohort mix of 246 holders: 147 (60%) are 2+ year veterans, 36 entered 1–2 years ago, and 63 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 59% AUM from top-100 funds

59% from top-100 AUM funds
52 of 234 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in ARDX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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.

Institutional Sentiment Summary — ARDX

In 2026 Q1, 154 hedge funds were net buyers of ARDX (49 opened a new position, 105 added to an existing one), while 98 reduced or exited (61 trimmed, 37 sold completely) — a 61% buyer ratio, indicating clear institutional accumulation. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 59% of total institutional value in ARDX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +12 funds (more new holders than closures). Total institutional holders: 235.

Hedge Fund Ownership: ARDX

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

Market Analysis: ARDX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ARDX

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

10 top-rated funds 1 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
1.8
/ 10
conviction
Hedge Fund Positioning: ARDX
241 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 241 235 2.55%
13F Shares 179M 172M 3.75%
Total Value $905M $1.02B -11.18%
New Positions 46 49 -3
Increased Positions 86 102 -16
Closed Positions 38 37 +1
Reduced Positions 83 58 +25
Total Calls 7 8 -12.5%
Total Puts 5 4 25.0%
PUT/CALL Ratio 0.71 0.5 Neutral

Statistics: ARDX

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Institutional Holders (2026 Q2)

241 + investors

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

QUARTER:
Top 25 ARDX holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Lion Point Capital, LP 3.14% 128,650 $656K
2 AIGH Capital Management LLC 1.03% 3,200,000 $16.3M
3 Clay Northam Wealth Management, LLC 0.84% 334,115 $1.7M
4 Sector Gamma As 0.76% 686,844 $3.5M
5 Rubric Capital Management LP 0.76% 16,202,700 $82.6M
6 Knott David M Jr 0.71% 263,168 $1.3M
7 Rock Springs Capital Management LP 0.56% 2,241,769 $11.4M
8 Hussman Strategic Advisors, INC. 0.49% 420,000 $2.1M
9 Stonepine Capital Management, LLC 0.49% 150,000 $1.1M
10 Pavaki Capital Management LLC 0.47% 115,000 $670K
11 Eversept Partners, LP 0.44% 1,678,345 $8.6M
12 Sectoral Asset Management Inc 0.44% 122,394 $624K
13 Virtus Investment Advisers, LLC 0.24% 204,373 $1.0M
14 Monimus Capital Management, LP 0.23% 195,611 $998K
15 Redmile Group, LLC 0.22% 641,750 $3.3M
16 J. Goldman & Co LP 0.21% 1,579,828 $8.1M
17 Diadema Partners LP 0.20% 303,025 $1.5M
18 Hennion & Walsh Asset Management, Inc. 0.18% 1,211,690 $6.2M
19 PSP Research LLC 0.16% 60,000 $306K
20 V. M. Manning & CO., INC. 0.15% 34,585 $176K
21 Carrera Capital Advisors 0.15% 195,159 $995K
22 Headlands Technologies LLC 0.13% 240,796 $1.2M
23 Persistent Asset Partners Ltd 0.12% 77,371 $395K
24 GK Wealth Management LLC 0.11% 40,868 $208K
25 Pekin Hardy Strauss, Inc. 0.10% 226,400 $1.2M
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 — Ardelyx Inc (ARDX)

What does the Smart Money Trend signal show for ARDX?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added ARDX 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 ARDX?

More buyers than sellers — 61% buying: Last quarter: 154 funds were net buyers (49 opened a brand new position + 105 added to an existing one). Only 98 were sellers (61 trimmed + 37 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for ARDX holders?

Elite ownership — 59% AUM from top-100 funds: 52 of 234 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in ARDX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held ARDX?

53% of holders stayed for 2+ years: 125 out of 235 hedge funds have held ARDX 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.

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