Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Biote Corp (BTMD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -10
Streak
4Q ▼
Buyers last Q
48%

Smart Money Signals — BTMD

Based on 72 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds reduced or closed their BTMD 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 — 75% of 3.0Y peak

75% of all-time peak
72 funds currently hold this stock — 75% of the 3.0-year high of 96 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 25% fewer funds vs a year ago

fund count last 6Q
24 fewer hedge funds hold BTMD compared to a year ago (-25% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 48% buying

43 buying47 selling
Last quarter: 47 funds reduced or exited vs 43 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~18 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 11 → 11 → 18 → 18. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 33% long-term, 33% new

■ 33% conviction (2yr+) ■ 33% medium ■ 33% new
Of the 72 current holders: 24 (33%) held >2 years, 24 held 1–2 years, and 24 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.
💰

Price up while funds trimmed (+21% value, -13% shares)

Value
+21%
Shares
-13%
Last quarter: total value of institutional BTMD holdings rose +21% even though funds reduced share count by 13%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
🚀

Acceleration phase — new buyers rushing in

17 → 11 → 11 → 18 → 18 new funds/Q
New funds entering each quarter: 11 → 11 → 18 → 18. 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.
📊

Mixed cohorts — 38% veterans, 39% new entrants

■ 38% veterans ■ 24% 1-2yr ■ 39% new
Of 72 current holders: 27 (38%) held 2+ years, 17 held 1–2 years, 28 (39%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅

Strong quality — 25% AUM from major funds

25% from top-100 AUM funds
21 of 72 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.
2.7
out of 10
Low Exit Risk
Exit risk score 2.7/10 — 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.

Institutional Sentiment Summary — BTMD

In 2026 Q2, 43 hedge funds were net buyers of BTMD (18 opened a new position, 25 added to an existing one), while 47 reduced or exited (19 trimmed, 28 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. This extends a 4-quarter selling streak, suggesting sustained institutional caution. 25% of total institutional value in BTMD is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -10 funds (more exits than new entries). Total institutional holders: 72.

Hedge Fund Ownership: BTMD

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

Market Analysis: BTMD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BTMD

-- --

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

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 1 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: BTMD
72 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 72 82 -12.2%
13F Shares 13M 15M -13.18%
Total Value $24M $20M 21.29%
New Positions 18 18 -
Increased Positions 25 29 -4
Closed Positions 28 20 +8
Reduced Positions 19 22 -3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BTMD

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Valuation Measures Data as of: --

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Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

72 + investors

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

QUARTER:
Top 25 BTMD holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 325 Capital LLC 2.05% 4,548,127 $8.6M
2 Bandera Partners LLC 1.37% 2,065,482 $3.9M
3 Williams & Novak Wealth Management, LLC 0.03% 22,910 $43K
4 Rice Hall James & Associates, LLC 0.02% 262,842 $497K
5 Abel Hall, LLC 0.01% 30,427 $58K
6 Rothschild Wealth LLC 0.01% 34,119 $64K
7 GDS Wealth Management 0.00% 42,789 $81K
8 First Heartland Consultants, Inc. 0.00% 24,500 $46K
9 Bridgeway Capital Management, LLC 0.00% 35,000 $66K
10 Zwj Investment Counsel Inc 0.00% 12,746 $24K
11 Renaissance Technologies LLC 0.00% 229,994 $435K
12 Quadrature Capital Ltd 0.00% 23,741 $45K
13 Essential Partners LLC 0.00% 365 —
14 Millennium Management LLC 0.00% 436,088 $824K
15 Jacobs Levy Equity Management, Inc 0.00% 42,916 $81K
16 Ieq Capital, LLC 0.00% 29,188 $55K
17 Marshall Wace, LLP 0.00% 168,611 $319K
18 Man Group plc 0.00% 70,145 $133K
19 Aqr Capital Management LLC 0.00% 251,619 $476K
20 Lazard Asset Management LLC 0.00% 52,753 $100K
21 Jones Financial Companies Lllp 0.00% 111,605 $200K
22 Tower Research Capital LLC (TRC) 0.00% 1,563 $3K
23 Arax Advisory Partners 0.00% 5,414 $10K
24 Citadel Advisors LLC 0.00% 301,310 $569K
25 Cornerstone Planning Group LLC 0.00% 213 —
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 — Biote Corp (BTMD)

What does the Smart Money Trend signal show for BTMD?

Selling streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds reduced or closed their BTMD 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 BTMD?

More sellers than buyers — 48% buying: Last quarter: 47 funds reduced or exited vs 43 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for BTMD holders?

Strong quality — 25% AUM from major funds: 21 of 72 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 BTMD?

Mixed — 33% long-term, 33% new: Of the 72 current holders: 24 (33%) held >2 years, 24 held 1–2 years, and 24 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.

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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