Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Conmed Corp (CNMD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -27
Streak
4Q ▼
Buyers last Q
49%

Smart Money Signals — CNMD

Based on 234 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds reduced or closed their CNMD 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 — 80% of 3.0Y peak

80% of all-time peak
234 funds currently hold this stock — 80% of the 3.0-year high of 294 funds (reached 2023 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 16% fewer funds vs a year ago

fund count last 6Q
45 fewer hedge funds hold CNMD compared to a year ago (-16% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 49% buying

129 buying132 selling
Last quarter: 132 funds reduced or exited vs 129 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 (-16 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 43 → 43 → 49 → 33. 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.
🔒

68% of holders stayed for 2+ years

■ 68% conviction (2yr+) ■ 18% medium ■ 15% new
158 out of 234 hedge funds have held CNMD 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 — ~33 new funds/quarter

47 → 43 → 43 → 49 → 33 new funds/Q
New funds entering each quarter: 43 → 43 → 49 → 33. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 73% veterans vs 17% newcomers

■ 73% veterans ■ 10% 1-2yr ■ 17% new
Entry-cohort mix of 237 holders: 172 (73%) are 2+ year veterans, 24 entered 1–2 years ago, and 41 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 49% AUM from top-100 funds

49% from top-100 AUM funds
52 of 234 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in CNMD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.4
out of 10
Low Exit Risk
Exit risk score 2.4/10 — 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 — CNMD

In 2026 Q1, 129 hedge funds were net buyers of CNMD (33 opened a new position, 96 added to an existing one), while 132 reduced or exited (72 trimmed, 60 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. This extends a 4-quarter selling streak, suggesting sustained institutional caution. 49% of total institutional value in CNMD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -27 funds (more exits than new entries). Total institutional holders: 234.

Hedge Fund Ownership: CNMD

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

Market Analysis: CNMD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CNMD

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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.

23 top-rated funds 1 high-conviction
Consensus
6.0
/ 10
breadth
×
Elite
0.8
/ 10
conviction
Hedge Fund Positioning: CNMD
2026 Q2 Stats Unlock in 1 days 232 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 232 260 -10.77%
13F Shares 34M 34M 0.07%
Total Value $1.17B $1.36B -14.03%
New Positions 32 49 -17
Increased Positions 95 95 -
Closed Positions 60 55 +5
Reduced Positions 72 91 -19
Total Calls 1 1 -
Total Puts 2 0 100%
PUT/CALL Ratio 2.0 0.0 Bearish

Statistics: CNMD

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Institutional Holders (2026 Q2)

232 + investors

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

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 CNMD holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Villanova Investment Management Co LLC 2.19% 70,491 $2.3M
2 Invenomic Capital Management LP 1.65% 842,162 $27.6M
3 Tributary Capital Management, LLC 0.69% 257,180 $8.4M
4 Paradigm Capital Management Inc/Ny 0.48% 538,245 $17.6M
5 Bridge City Capital, LLC 0.38% 50,625 $1.7M
6 Earnest Partners LLC 0.30% 2,505,295 $82.0M
7 Cooke & Bieler LP 0.22% 573,498 $18.8M
8 Epiq Partners, LLC 0.21% 15,059 $493K
9 Fuller & Thaler Asset Management, INC. 0.14% 1,579,917 $51.7M
10 Dana Investment Advisors, Inc. 0.11% 131,829 $4.3M
11 Silvercrest Asset Management Group LLC 0.09% 441,361 $14.4M
12 Wedge Capital Management L L P/Nc 0.06% 110,508 $3.6M
13 Algert Global LLC 0.05% 131,293 $4.3M
14 ARGA Investment Management, LP 0.05% 57,334 $1.9M
15 Glenmede Trust Co NA 0.05% 323,701 $10.6M
16 XTX Topco Ltd 0.04% 101,755 $3.3M
17 Trexquant Investment LP 0.04% 198,303 $6.5M
18 Hotchkis & Wiley Capital Management LLC 0.04% 370,690 $12.1M
19 Allspring Global Investments Holdings, LLC 0.03% 618,447 $20.3M
20 Sei Investments Co 0.03% 988,151 $32.3M
21 Jefferies Financial Group Inc. 0.02% 114,308 $3.7M
22 Bridgeway Capital Management, LLC 0.02% 41,000 $1.3M
23 Legato Capital Management LLC 0.02% 8,210 $269K
24 Connable Office Inc 0.02% 7,147 $234K
25 Two Sigma Investments, LP 0.02% 728,976 $23.9M
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 — Conmed Corp (CNMD)

What does the Smart Money Trend signal show for CNMD?

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

More sellers than buyers — 49% buying: Last quarter: 132 funds reduced or exited vs 129 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 CNMD holders?

Elite ownership — 49% AUM from top-100 funds: 52 of 234 holders are among the 100 largest funds by AUM, controlling 49% of total institutional value in CNMD. 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 CNMD?

68% of holders stayed for 2+ years: 158 out of 234 hedge funds have held CNMD 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.

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