Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

BIOHAVEN LTD (BHVN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +9
Streak
2Q ▲
Buyers last Q
59%

Smart Money Signals — BHVN

Based on 265 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

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

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

Slight buying edge — 59% buying

191 buying131 selling
Last quarter: 191 funds bought or added vs 131 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.
📈

More new buyers each quarter (+27 vs last Q)

new funds entering per quarter
Funds opening a new BHVN position: 47 → 42 → 46 → 73. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 18% medium ■ 25% new
150 out of 265 hedge funds have held BHVN 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 +38%, value +5%

Value
+5%
Shares
+37%
Last quarter: funds added +38% more shares while total portfolio value only changed +5%. 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

41 → 47 → 42 → 46 → 73 new funds/Q
New funds entering each quarter: 47 → 42 → 46 → 73. A growing number of institutions are discovering BHVN each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 68% of holders stayed 2+ years

■ 68% veterans ■ 9% 1-2yr ■ 24% new
Of 288 current holders: 195 (68%) 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 — 25% AUM from major funds

25% from top-100 AUM funds
36 of 265 holders rank in the top 100 by AUM, accounting for 25% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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: BHVN

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

Market Analysis: BHVN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BHVN

-- --

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

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

43 top-rated funds 3 high-conviction
Consensus
7.1
/ 10
breadth
×
Elite
2.7
/ 10
conviction
Hedge Fund Positioning: BHVN
2026 Q1 Stats Unlock in 11 days 288 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 288 285 1.05%
13F Shares 129M 93M 37.94%
Total Value $1.43B $1.36B 4.98%
New Positions 74 50 +24
Increased Positions 162 117 +45
Closed Positions 66 36 +30
Reduced Positions 87 110 -23
Total Calls 18 20 -10.0%
Total Puts 12 14 -14.29%
PUT/CALL Ratio 0.67 0.7 Bullish

Statistics: BHVN

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Valuation Measures Data as of: --

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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) --
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Income Statement & Cash Flow
Revenue (ttm) --
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Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

288 + investors

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

Top 25 institutional holders of BHVN — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Royalty Pharma Sub-Manager, LLC 19.35% 2,936,507 $33.2M
2 QTR Family Wealth, LLC 1.46% 335,980 $3.5M
3 ARS Investment Partners, LLC 0.61% 1,378,828 $11.7M
4 Simplify Asset Management Inc. 0.12% 898,400 $7.6M
5 4WEALTH ADVISORS, INC. 0.10% 14,316 $116K
6 Warner Group LLC 0.08% 14,587 $123K
7 Constitution Capital LLC 0.07% 17,000 $144K
8 GSA CAPITAL PARTNERS LLP 0.06% 116,798 —
9 WEYBOSSET RESEARCH & MANAGEMENT LLC 0.06% 22,990 $194K
10 NOVEM GROUP 0.05% 52,000 $440K
11 Inspire Investing, LLC 0.04% 61,915 $524K
12 Canton Hathaway, LLC 0.04% 22,500 $190K
13 PROFUND ADVISORS LLC 0.03% 91,260 $772K
14 Y-Intercept (Hong Kong) Ltd 0.03% 161,876 $1.4M
15 Aberdeen Group plc 0.01% 771,452 $6.5M
16 OAK RIDGE INVESTMENTS LLC 0.01% 18,810 $159K
17 Inscription Capital, LLC 0.01% 11,150 $94K
18 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.01% 15,500 $131K
19 China Universal Asset Management Co., Ltd. 0.01% 10,800 $91K
20 E Fund Management Co., Ltd. 0.01% 25,712 $218K
21 Pallas Capital Advisors LLC 0.01% 16,708 $141K
22 Covestor Ltd 0.00% 553 —
23 EXCHANGE TRADED CONCEPTS, LLC 0.00% 53,094 $449K
24 Sigma Planning Corp 0.00% 13,324 $113K
25 EMERALD ADVISERS, LLC 0.00% 11,088 $94K
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 — BIOHAVEN LTD (BHVN)

What does the Smart Money Trend signal show for BHVN?

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

Slight buying edge — 59% buying: Last quarter: 191 funds bought or added vs 131 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 BHVN holders?

Strong quality — 25% AUM from major funds: 36 of 265 holders rank in the top 100 by AUM, accounting for 25% 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 BHVN?

57% of holders stayed for 2+ years: 150 out of 265 hedge funds have held BHVN 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.