Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Cardiol Therapeutics Inc (CRDL)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +5
Streak
1Q ▲
Buyers last Q
59%

Smart Money Signals — CRDL

Based on 47 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added CRDL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
47 hedge funds hold CRDL 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.
🚀

Fast accumulation — +24% more funds vs a year ago

fund count last 6Q
+9 new funds entered over the past year (+24% 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.
🟡

Slight buying edge — 59% buying

23 buying16 selling
Last quarter: 23 funds bought or added vs 16 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~13 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 9 → 15 → 9 → 13. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

40% of holders stayed for 2+ years

■ 40% conviction (2yr+) ■ 23% medium ■ 36% new
19 out of 47 hedge funds have held CRDL 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.
💰

Value +327% but shares only +202% — price-driven

Value
+327%
Shares
+202%
Last quarter: the total dollar value of institutional holdings rose +327%, but actual share count only changed +202%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️

Steady discovery — ~13 new funds/quarter

5 → 9 → 15 → 9 → 13 new funds/Q
New funds entering each quarter: 9 → 15 → 9 → 13. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 51% veterans vs 37% newcomers

■ 51% veterans ■ 12% 1-2yr ■ 37% new
Entry-cohort mix of 49 holders: 25 (51%) are 2+ year veterans, 6 entered 1–2 years ago, and 18 (37%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 7% AUM from top-100

7% from top-100 AUM funds
10 of 47 holders rank in the top 100 by AUM, but together hold only 7% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 — CRDL

In 2026 Q1, 23 hedge funds were net buyers of CRDL (13 opened a new position, 10 added to an existing one), while 16 reduced or exited (8 trimmed, 8 sold completely) — a 59% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: +5 funds (more new holders than closures). Total institutional holders: 47.

Hedge Fund Ownership: CRDL

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

Market Analysis: CRDL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CRDL

-- --

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.

4 top-rated funds 2 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
1.7
/ 10
conviction
Hedge Fund Positioning: CRDL
52 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 52 47 10.64%
13F Shares 30M 28M 5.62%
Total Value $31M $38M -17.06%
New Positions 13 13 -
Increased Positions 11 10 +1
Closed Positions 7 8 -1
Reduced Positions 11 7 +4
Total Calls 2 2 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: CRDL

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Financial Highlights

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Institutional Holders (2026 Q2)

52 + investors

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

QUARTER:
Top 25 CRDL holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Tejara Capital Ltd 2.23% 5,113,822 $5.4M
2 MMCAP International Inc. SPC 1.40% 15,598,560 $16.5M
3 Ikarian Capital, LLC 0.38% 3,325,000 $3.5M
4 Pvg Asset Management Corp 0.07% 107,165 $114K
5 Boyer Financial Services, Inc. 0.03% 34,100 $36K
6 Boothbay Fund Management, LLC 0.01% 975,721 $1.0M
7 Integrity Alliance, LLC. 0.01% 388,492 $412K
8 Boomfish Wealth Group, LLC 0.01% 14,423 $15K
9 Piscataqua Savings Bank 0.01% 5,000 $10K
10 Marble Harbor Investment Counsel, LLC 0.00% 39,900 $42K
11 Eaton Financial Holdings Company, LLC 0.00% 14,000 $15K
12 Mgo One Seven LLC 0.00% 100,000 $106K
13 Kovack Advisors, Inc. 0.00% 30,000 $32K
14 Summit Financial, LLC 0.00% 99,109 $105K
15 Renaissance Technologies LLC 0.00% 772,837 $819K
16 Impact Partnership Wealth, LLC 0.00% 10,850 $12K
17 Moneco Advisors, LLC 0.00% 15,000 $16K
18 Valley National Advisers Inc 0.00% 5,000 $5K
19 Two Sigma Investments, LP 0.00% 746,937 $792K
20 Quadrature Capital Ltd 0.00% 30,566 $32K
21 Independent Advisor Alliance 0.00% 10,000 $11K
22 Concurrent Investment Advisors, LLC 0.00% 25,387 $27K
23 Advisory Services Network, LLC 0.00% 10,000 $11K
24 Citadel Advisors LLC 0.00% 796,529 $844K
25 Hrt Financial LP 0.00% 47,179 $50K
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 — Cardiol Therapeutics Inc (CRDL)

What does the Smart Money Trend signal show for CRDL?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added CRDL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for CRDL?

Slight buying edge — 59% buying: Last quarter: 23 funds bought or added vs 16 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for CRDL holders?

Smaller funds dominant — 7% AUM from top-100: 10 of 47 holders rank in the top 100 by AUM, but together hold only 7% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held CRDL?

40% of holders stayed for 2+ years: 19 out of 47 hedge funds have held CRDL 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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