Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Caledonia Mng Corp (CMCL)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -14
Streak
1Q ▼
Buyers last Q
49%

Smart Money Signals — CMCL

Based on 136 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their CMCL 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 — 91% of 3.0Y peak

91% of all-time peak
136 funds currently hold this stock — 91% of the 3.0-year high of 150 funds (reached 2026 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +30% more funds vs a year ago

fund count last 6Q
+31 new funds entered over the past year (+30% 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.
🟠

More sellers than buyers — 49% buying

70 buying74 selling
Last quarter: 74 funds reduced or exited vs 70 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 (-18 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 41 → 29 → 30 → 12. 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.
📌

Mixed — 38% long-term, 24% new

■ 38% conviction (2yr+) ■ 38% medium ■ 24% new
Of the 136 current holders: 52 (38%) held >2 years, 52 held 1–2 years, and 32 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.
📊

Peak discovery — momentum slowing

25 → 41 → 29 → 30 → 12 new funds/Q
New funds entering each quarter: 41 → 29 → 30 → 12. CMCL 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 — 46% veterans vs 35% newcomers

■ 46% veterans ■ 19% 1-2yr ■ 35% new
Entry-cohort mix of 138 holders: 64 (46%) are 2+ year veterans, 26 entered 1–2 years ago, and 48 (35%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 57% AUM from top-100 funds

57% from top-100 AUM funds
40 of 134 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in CMCL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
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 — CMCL

In 2026 Q2, 70 hedge funds were net buyers of CMCL (12 opened a new position, 58 added to an existing one), while 74 reduced or exited (48 trimmed, 26 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. 57% of total institutional value in CMCL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -14 funds (more exits than new entries). Total institutional holders: 136.

Hedge Fund Ownership: CMCL

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

Market Analysis: CMCL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CMCL

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

7 top-rated funds 0 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: CMCL
132 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 132 150 -12.0%
13F Shares 9M 9M 1.59%
Total Value $174M $192M -9.24%
New Positions 12 30 -18
Increased Positions 55 56 -1
Closed Positions 28 19 +9
Reduced Positions 48 44 +4
Total Calls 2 2 -
Total Puts 1 4 -75.0%
PUT/CALL Ratio 0.5 2.0 Bullish

Statistics: CMCL

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Financial Highlights

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Institutional Holders (2026 Q2)

132 + investors

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

QUARTER:
Top 25 CMCL holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Illumine Investment Management, LLC 0.45% — $695K
2 Globeflex Capital L P 0.40% 163,383 $3.1M
3 Goehring & Rozencwajg Associates, LLC 0.17% 156,906 $3.0M
4 Dynamic Technology Lab Private Ltd 0.08% 17,620 $337K
5 Nfj Investment Group, LLC 0.07% 112,206 $2.1M
6 Mizuho Markets Americas LLC 0.06% 185,569 $3.5M
7 Bridgeway Capital Management, LLC 0.05% 155,737 $3.0M
8 Martingale Asset Management L P 0.04% 80,940 $1.5M
9 Segall Bryant & Hamill, LLC 0.03% 127,105 $2.4M
10 Navellier & Associates Inc 0.03% 17,873 $341K
11 Jacobs Levy Equity Management, Inc 0.02% 218,460 $4.2M
12 Empowered Funds, LLC 0.01% 113,837 $2.2M
13 Alyeska Investment Group, L.P. 0.01% 217,354 $4.2M
14 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.01% 33,856 $647K
15 Ritholtz Wealth Management 0.01% 26,698 $510K
16 WINTON GROUP Ltd 0.01% 12,277 $234K
17 Nomura Holdings Inc 0.01% 323,426 $6.2M
18 Algert Global LLC 0.01% 30,550 $584K
19 Mackenzie Financial Corp 0.01% 361,528 $6.9M
20 Skaana Management L.P. 0.01% 1,500 $29K
21 Sankala Group LLC 0.01% 336 $8K
22 Meeder Asset Management Inc 0.00% 5,103 $97K
23 Van Eck Associates Corp 0.00% 425,266 $8.1M
24 Hillsdale Investment Management Inc. 0.00% 11,100 $212K
25 Ethic Inc. 0.00% 18,561 $355K
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 — Caledonia Mng Corp (CMCL)

What does the Smart Money Trend signal show for CMCL?

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

More sellers than buyers — 49% buying: Last quarter: 74 funds reduced or exited vs 70 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 CMCL holders?

Elite ownership — 57% AUM from top-100 funds: 40 of 134 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in CMCL. 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 CMCL?

Mixed — 38% long-term, 24% new: Of the 136 current holders: 52 (38%) held >2 years, 52 held 1–2 years, and 32 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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