Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

ISHARES TR (CMBS)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
1Q ▼
Buyers last Q
60%

Smart Money Signals — CMBS

Based on 87 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their CMBS positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (98% of max)

98% of all-time peak
87 hedge funds hold CMBS 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding CMBS is almost the same as a year ago (-1 funds, -1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟢

More buyers than sellers — 60% buying

52 buying35 selling
Last quarter: 52 funds were net buyers (14 opened a brand new position + 38 added to an existing one). Only 35 were sellers (19 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~14 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 12 → 15 → 12 → 14. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

51% of holders stayed for 2+ years

■ 51% conviction (2yr+) ■ 26% medium ■ 23% new
44 out of 87 hedge funds have held CMBS 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.
➡️

Steady discovery — ~14 new funds/quarter

18 → 12 → 15 → 12 → 14 new funds/Q
New funds entering each quarter: 12 → 15 → 12 → 14. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 53% of holders stayed 2+ years

■ 53% veterans ■ 15% 1-2yr ■ 32% new
Of 87 current holders: 46 (53%) 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 — 35% AUM from major funds

35% from top-100 AUM funds
14 of 87 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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 — CMBS

In 2025 Q4, 52 hedge funds were net buyers of CMBS (14 opened a new position, 38 added to an existing one), while 35 reduced or exited (19 trimmed, 16 sold completely) — a 60% buyer ratio, indicating clear institutional accumulation. 35% of total institutional value in CMBS is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 87.

Hedge Fund Ownership: CMBS

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

Market Analysis: CMBS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CMBS

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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.

9 top-rated funds 1 high-conviction
Consensus
4.3
/ 10
breadth
×
Elite
1.9
/ 10
conviction
Hedge Fund Positioning: CMBS
2026 Q1 Stats Unlock in 7 days 87 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 87 89 -2.25%
13F Shares 6M 6M -3.01%
Total Value $289M $298M -3.06%
New Positions 14 12 +2
Increased Positions 38 43 -5
Closed Positions 16 9 +7
Reduced Positions 19 19 -
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: CMBS

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Institutional Holders (2026 Q1)

87 + investors

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

Top 25 institutional holders of CMBS — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Prepared Retirement Institute LLC 6.21% — $13K
2 ARVEST INVESTMENTS, INC. 3.09% 465,122 $22.7M
3 CENTRAL BANK & TRUST CO 1.48% 193,075 $9.4M
4 Ethos Capital Management, Inc. 1.22% 29,066 $1.4M
5 SYKON CAPITAL LLC 1.17% 72,009 $3.5M
6 SCHMIDT P J INVESTMENT MANAGEMENT INC 0.79% 95,881 $4.7M
7 Cogent Private Wealth, Inc. 0.50% 14,152 $690K
8 City Center Advisors, LLC 0.46% 10,167 $495K
9 GUIDANCE CAPITAL, INC 0.38% 35,231 $1.7M
10 Rosenberg Matthew Hamilton 0.27% 27,434 $1.3M
11 MMA ASSET MANAGEMENT LLC 0.22% 12,846 $626K
12 TOUNJIAN ADVISORY PARTNERS, LLC 0.21% 12,186 $594K
13 Maia Wealth LLC 0.17% 20,174 $983K
14 Ridgewood Investments LLC 0.14% 6,907 $337K
15 Krilogy Financial LLC 0.11% 72,165 $3.5M
16 Elevated Capital Advisors, LLC 0.10% 7,933 $387K
17 Heck Capital Advisors, LLC 0.09% 23,691 $1.2M
18 HORIZON FINANCIAL SERVICES, LLC 0.05% 2,385 $116K
19 Willis Johnson & Associates, Inc. 0.05% 18,057 $880K
20 Columbus Macro, LLC 0.05% 9,147 $446K
21 Decker Retirement Planning Inc. 0.01% 601 $29K
22 UBS Group AG 0.01% 1,657,049 $80.7M
23 Pathstone Holdings, LLC 0.01% 62,277 $3.0M
24 Wagner Wealth Management, LLC 0.01% 911 $44K
25 LPL Financial LLC 0.01% 521,012 $25.4M
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 — ISHARES TR (CMBS)

What does the Smart Money Trend signal show for CMBS?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their CMBS 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 CMBS?

More buyers than sellers — 60% buying: Last quarter: 52 funds were net buyers (14 opened a brand new position + 38 added to an existing one). Only 35 were sellers (19 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for CMBS holders?

Strong quality — 35% AUM from major funds: 14 of 87 holders rank in the top 100 by AUM, accounting for 35% 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 CMBS?

51% of holders stayed for 2+ years: 44 out of 87 hedge funds have held CMBS 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.