Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

CLEARWATER PAPER CORP (CLW)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -18
Streak
2Q ▼
Buyers last Q
45%

Smart Money Signals — CLW

Based on 128 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their CLW positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 64% of 3.0Y high

64% of all-time peak
Only 128 funds hold CLW today versus a peak of 201 funds at 2024 Q2 — just 64% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 26% fewer funds vs a year ago

fund count last 6Q
46 fewer hedge funds hold CLW compared to a year ago (-26% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 45% buying

67 buying81 selling
Last quarter: 81 funds reduced or exited vs 67 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.
⚠️

Fewer new buyers each quarter (-6 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 27 → 32 → 21 → 15. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

69% of holders stayed for 2+ years

■ 69% conviction (2yr+) ■ 24% medium ■ 7% new
88 out of 128 hedge funds have held CLW 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 +4%, value -13%

Value
-13%
Shares
+3%
Last quarter: funds added +4% more shares while total portfolio value only changed -13%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

45 → 27 → 32 → 21 → 15 new funds/Q
New funds entering each quarter: 27 → 32 → 21 → 15. CLW is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 73% of holders stayed 2+ years

■ 73% veterans ■ 13% 1-2yr ■ 14% new
Of 130 current holders: 95 (73%) 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.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
36 of 128 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in CLW. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
1.6
out of 10
Low Exit Risk
Exit risk score 1.6/10 — 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 — CLW

In 2025 Q4, 67 hedge funds were net buyers of CLW (15 opened a new position, 52 added to an existing one), while 81 reduced or exited (48 trimmed, 33 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 46% of total institutional value in CLW is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -18 funds (more exits than new entries). Total institutional holders: 128.

Hedge Fund Ownership: CLW

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

Market Analysis: CLW

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CLW

-- --

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

25 top-rated funds 0 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
0.9
/ 10
conviction
Hedge Fund Positioning: CLW
2026 Q1 Stats Unlock in 2 days 126 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 126 146 -13.7%
13F Shares 14M 13M 3.66%
Total Value $241M $277M -13.11%
New Positions 14 18 -4
Increased Positions 54 53 +1
Closed Positions 32 37 -5
Reduced Positions 51 60 -9
Total Calls 5 4 25.0%
Total Puts 1 2 -50.0%
PUT/CALL Ratio 0.2 0.5 Bullish

Statistics: CLW

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Financial Highlights

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Institutional Holders (2026 Q1)

126 + investors

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

QUARTER:
Top 25 institutional holders of CLW — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Peapod Lane Capital LLC 2.51% 214,521 $3.1M
2 SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 1.08% 1,525,491 $21.9M
3 READYSTATE ASSET MANAGEMENT LP 0.50% 781,384 $11.2M
4 Jefferson Bridge Capital, LLC 0.40% 27,740 $399K
5 CRAMER ROSENTHAL MCGLYNN LLC 0.28% 266,259 $3.8M
6 Invenomic Capital Management LP 0.20% 304,150 $4.4M
7 Numerai GP LLC 0.09% 64,135 $922K
8 Nebula Research & Development LLC 0.06% 26,106 $711K
9 AlphaQuest LLC 0.06% 59,549 $1.0M
10 GSA CAPITAL PARTNERS LLP 0.04% 48,846 —
11 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.04% 134,601 $1.9M
12 MANGROVE PARTNERS IM, LLC 0.04% 32,562 $468K
13 WEDGE CAPITAL MANAGEMENT L L P/NC 0.03% 128,150 $1.8M
14 WOODMONT INVESTMENT COUNSEL LLC 0.03% 36,830 $530K
15 JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% 281,048 $4.0M
16 Trexquant Investment LP 0.02% 161,862 $2.3M
17 Laurion Capital Management LP 0.01% 20,000 $288K
18 Turtle Creek Asset Management Inc. 0.01% 28,700 $413K
19 Jump Financial, LLC 0.01% 46,531 $669K
20 XTX Topco Ltd 0.01% 35,438 $510K
21 Investors Research Corp 0.01% 3,150 $45K
22 Capstone Financial Advisors, Inc. 0.01% 10,000 $144K
23 Engineers Gate Manager LP 0.01% 41,187 $592K
24 Empowered Funds, LLC 0.01% 80,101 $1.2M
25 RENAISSANCE TECHNOLOGIES LLC 0.01% 237,115 $3.4M
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 — CLEARWATER PAPER CORP (CLW)

What does the Smart Money Trend signal show for CLW?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their CLW 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 CLW?

More sellers than buyers — 45% buying: Last quarter: 81 funds reduced or exited vs 67 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 CLW holders?

Elite ownership — 46% AUM from top-100 funds: 36 of 128 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in CLW. 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 CLW?

69% of holders stayed for 2+ years: 88 out of 128 hedge funds have held CLW 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.