Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Barnes & Noble Ed Inc (BNED)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
1Q ▲
Buyers last Q
57%

Smart Money Signals — BNED

Based on 89 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added BNED 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
89 hedge funds hold BNED 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 — +27% more funds vs a year ago

fund count last 6Q
+19 new funds entered over the past year (+27% 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 4 quarters from the low — a sharp move.
🟡

Slight buying edge — 57% buying

46 buying34 selling
Last quarter: 46 funds bought or added vs 34 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 (+13 vs last Q)

new funds entering per quarter
Funds opening a new BNED position: 31 → 17 → 10 → 23. 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+) ■ 24% medium ■ 19% new
51 out of 89 hedge funds have held BNED 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.
📊

Peak discovery — momentum slowing

17 → 31 → 17 → 10 → 23 new funds/Q
New funds entering each quarter: 31 → 17 → 10 → 23. BNED is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 64% veterans vs 30% newcomers

■ 64% veterans ■ 5% 1-2yr ■ 30% new
Entry-cohort mix of 92 holders: 59 (64%) are 2+ year veterans, 5 entered 1–2 years ago, and 28 (30%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 20% AUM from major funds

20% from top-100 AUM funds
32 of 88 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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 — BNED

In 2026 Q1, 46 hedge funds were net buyers of BNED (23 opened a new position, 23 added to an existing one), while 34 reduced or exited (19 trimmed, 15 sold completely) — a 57% buyer ratio, indicating a slight buying edge. 20% of total institutional value in BNED is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 89.

Hedge Fund Ownership: BNED

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

Market Analysis: BNED

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BNED

-- --

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

Is It Too Late to Buy Barnes & Noble Ed Inc (BNED) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BNED has moved relative to its sector benchmark (XLY) 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 · 52d ago
BNED
-4.5%
XLY
-0.5%

BNED outperformed XLY by -4.0% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 7d ago
BNED
-1.2%
XLY
-1.2%

Since the filing became public, BNED outperformed XLY 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.

8 top-rated funds 2 high-conviction
Consensus
4.1
/ 10
breadth
×
Elite
2.2
/ 10
conviction
Hedge Fund Positioning: BNED
110 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 110 90 22.22%
13F Shares 27M 25M 8.05%
Total Value $336M $220M 53.09%
New Positions 33 23 +10
Increased Positions 31 25 +6
Closed Positions 12 14 -2
Reduced Positions 29 17 +12
Total Calls 3 3 -
Total Puts 2 1 100.0%
PUT/CALL Ratio 0.67 0.33 Bullish

Statistics: BNED

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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

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Total Cash (mrq) --
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Institutional Holders (2026 Q2)

110 + investors

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

QUARTER:
Top 25 BNED holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Immersion Corp 78.77% 11,208,746 $140.8M
2 Kanen Wealth Management LLC 10.40% 3,379,123 $42.9M
3 Windward Management LP 6.32% 1,656,736 $20.8M
4 Ballast Asset Management, LP 1.50% 299,611 $3.8M
5 Prescott Group Capital Management, L.L.C. 0.97% 891,799 $11.2M
6 DCF Advisers, LLC 0.36% 164,383 $2.1M
7 683 Capital Management, LLC 0.22% 349,046 $4.4M
8 Dynamic Technology Lab Private Ltd 0.13% 46,898 $589K
9 Penbrook Management LLC 0.12% 15,000 $188K
10 Centaurus Financial, INC. 0.09% 189,276 $2.4M
11 Diametric Capital, LP 0.08% 59,802 $751K
12 Verdence Capital Advisors LLC 0.04% 56,291 $707K
13 Voleon Capital Management LP 0.02% 86,011 $1.1M
14 State of Wyoming 0.02% 14,510 $182K
15 Prelude Capital Management, LLC 0.01% 10,295 $129K
16 Bridgeway Capital Management, LLC 0.01% 39,000 $490K
17 Persistent Asset Partners Ltd 0.01% 2,048 $26K
18 Susquehanna Portfolio Strategies, LLC 0.00% 19,397 $244K
19 Healthcare of Ontario Pension Plan Trust Fund 0.00% 142,000 $1.8M
20 Centiva Capital, LP 0.00% 22,341 $281K
21 Trexquant Investment LP 0.00% 31,842 $400K
22 Graham Capital Management, L.P. 0.00% 10,217 $128K
23 Copeland Capital Management, LLC 0.00% 8,017 $101K
24 Vident Advisory, LLC 0.00% 20,659 $259K
25 Walleye Capital LLC 0.00% 41,184 $517K
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 — Barnes & Noble Ed Inc (BNED)

What does the Smart Money Trend signal show for BNED?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added BNED 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 BNED?

Slight buying edge — 57% buying: Last quarter: 46 funds bought or added vs 34 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 BNED holders?

Strong quality — 20% AUM from major funds: 32 of 88 holders rank in the top 100 by AUM, accounting for 20% 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 BNED?

57% of holders stayed for 2+ years: 51 out of 89 hedge funds have held BNED 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.

Is it too late to buy Barnes & Noble Ed Inc (BNED) following the 2026 Q2 hedge fund 13F filings?

As of today, BNED has moved -1.2% since the 2026 Q2 13F filing date (August 14, 2026), compared to -1.2% for the XLY sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), BNED has gained -4.5% vs -0.5% for XLY. 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.

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