Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Definitive Healthcare Corp (DH)

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

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -15
Streak
3Q ▼
Buyers last Q
45%

Smart Money Signals — DH

Based on 99 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their DH 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 — 70% of 3.0Y peak

70% of all-time peak
99 funds currently hold this stock — 70% of the 3.0-year high of 142 funds (reached 2024 Q2). 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
19 fewer hedge funds hold DH 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 — 45% buying

57 buying69 selling
Last quarter: 69 funds reduced or exited vs 57 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.
➡️

Steady new buyers — ~23 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 24 → 24 → 22 → 23. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

43% of holders stayed for 2+ years

43% conviction (2yr+) 32% medium 24% new
43 out of 99 hedge funds have held DH 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 +1%, value -32%

Value
-32%
Shares
+0%
Last quarter: funds added +1% more shares while total portfolio value only changed -32%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~23 new funds/quarter

21 → 24 → 24 → 22 → 23 new funds/Q
New funds entering each quarter: 24 → 24 → 22 → 23. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 55% veterans vs 29% newcomers

55% veterans 16% 1-2yr 29% new
Entry-cohort mix of 99 holders: 54 (55%) are 2+ year veterans, 16 entered 1–2 years ago, and 29 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 18% AUM from top-100

18% from top-100 AUM funds
30 of 99 holders rank in the top 100 by AUM, but together hold only 18% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
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 — DH

In 2026 Q2, 57 hedge funds were net buyers of DH (23 opened a new position, 34 added to an existing one), while 69 reduced or exited (31 trimmed, 38 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. Net fund flow last quarter: -15 funds (more exits than new entries). Total institutional holders: 99.

Hedge Fund Ownership: DH

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

Market Analysis: DH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DH

-- --

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

Is It Too Late to Buy Definitive Healthcare Corp (DH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DH has moved relative to its sector benchmark (XLV) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 60d ago
DH
-2.0%
XLV
+7.8%

DH outperformed XLV by -9.8% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 15d ago
DH
+27.4%
XLV
+2.2%

Since the filing became public, DH outperformed XLV by +25.2% .

Interpretation: The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
0.0
/ 10
conviction
Hedge Fund Positioning: DH
99 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 99 114 -13.16%
13F Shares 88M 87M 0.78%
Total Value $72M $107M -32.43%
New Positions 23 22 +1
Increased Positions 34 39 -5
Closed Positions 38 27 +11
Reduced Positions 31 34 -3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: DH

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Institutional Holders (2026 Q2)

99 + investors

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

QUARTER:
Top 25 DH holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Advent International, L.P. 0.29% 62,493,676 $51.9M
2 Williams & Novak Wealth Management, LLC 0.04% 78,610 $65K
3 Inspire Investing, LLC 0.03% 894,949 $744K
4 Flywheel Private Wealth LLC 0.03% 67,743 $56K
5 Kennedy Capital Management LLC 0.03% 1,737,044 $1.4M
6 Pinnacle Wealth Management Advisory Group, LLC 0.01% 260,037 $216K
7 Baker Tilly Wealth Management, LLC 0.01% 60,080 $50K
8 JMN Financial LLC 0.01% 12,994 $11K
9 Ariadne Wealth Management, LP 0.00% 12,590 $10K
10 Pinnacle Associates Ltd 0.00% 260,037 $216K
11 Abel Hall, LLC 0.00% 15,165 $13K
12 Tocqueville Asset Management L.P. 0.00% 165,000 $137K
13 XTX Topco Ltd 0.00% 135,370 $112K
14 Jacobs Levy Equity Management, Inc 0.00% 472,710 $393K
15 Bridgeway Capital Management, LLC 0.00% 94,200 $78K
16 Valeo Financial Advisors, LLC 0.00% 51,582 $43K
17 D. E. Shaw & Co., Inc. 0.00% 1,973,193 $1.6M
18 Occudo Quantitative Strategies LP 0.00% 16,505 $14K
19 Renaissance Technologies LLC 0.00% 525,040 $436K
20 Meeder Asset Management Inc 0.00% 11,674 $10K
21 Corient Private Wealth LP 0.00% 450,036 $374K
22 Goldman Sachs Group Inc 0.00% 5,959,143 $5.0M
23 Ieq Capital, LLC 0.00% 101,240 $84K
24 Squarepoint Ops LLC 0.00% 351,575 $292K
25 Two Sigma Investments, LP 0.00% 509,328 $423K
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 — Definitive Healthcare Corp (DH)

What does the Smart Money Trend signal show for DH?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their DH 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 DH?

More sellers than buyers — 45% buying: Last quarter: 69 funds reduced or exited vs 57 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 DH holders?

Smaller funds dominant — 18% AUM from top-100: 30 of 99 holders rank in the top 100 by AUM, but together hold only 18% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held DH?

43% of holders stayed for 2+ years: 43 out of 99 hedge funds have held DH 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.

Is it too late to buy Definitive Healthcare Corp (DH) following the 2026 Q2 hedge fund 13F filings?

As of today, DH has moved +27.4% since the 2026 Q2 13F filing date (August 14, 2026), compared to +2.2% for the XLV sector ETF — an outperformance of +25.2%. Since the quarter end (June 30, 2026), DH has gained -2.0% vs +7.8% for XLV. The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors.

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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