Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Dnow Inc (DNOW)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
2Q ▲
Buyers last Q
45%

Smart Money Signals — DNOW

Based on 315 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added DNOW 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
315 hedge funds hold DNOW 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.
📶

Steady growth — +13% more funds vs a year ago

fund count last 6Q
+37 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 45% buying

153 buying188 selling
Last quarter: 188 funds reduced or exited vs 153 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 — ~73 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 40 → 42 → 78 → 73. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 16% medium ■ 25% new
188 out of 315 hedge funds have held DNOW 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.
🚀

Acceleration phase — new buyers rushing in

41 → 40 → 42 → 78 → 73 new funds/Q
New funds entering each quarter: 40 → 42 → 78 → 73. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 66% veterans vs 27% newcomers

■ 66% veterans ■ 8% 1-2yr ■ 27% new
Entry-cohort mix of 320 holders: 210 (66%) are 2+ year veterans, 24 entered 1–2 years ago, and 86 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds
48 of 314 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — 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 — DNOW

In 2026 Q1, 153 hedge funds were net buyers of DNOW (73 opened a new position, 80 added to an existing one), while 188 reduced or exited (123 trimmed, 65 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. Net buying has persisted for two consecutive quarters, a positive momentum signal. 37% of total institutional value in DNOW is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 315.

Hedge Fund Ownership: DNOW

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

Market Analysis: DNOW

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DNOW

-- --

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

Is It Too Late to Buy Dnow Inc (DNOW) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DNOW has moved relative to its sector benchmark (XLI) since the 2026 Q1 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 March 31, 2026 · 90d ago
DNOW
+13.8%
XLI
+12.3%

DNOW outperformed XLI by +1.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 45d ago
DNOW
+3.1%
XLI
+6.0%

Since the filing became public, DNOW outperformed XLI by -2.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

24 top-rated funds 2 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
3.2
/ 10
conviction
Hedge Fund Positioning: DNOW
313 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 313 307 1.95%
13F Shares 190M 186M 2.45%
Total Value $2.19B $2.45B -10.83%
New Positions 72 78 -6
Increased Positions 80 154 -74
Closed Positions 66 51 +15
Reduced Positions 120 48 +72
Total Calls 3 2 50.0%
Total Puts 3 0 100%
PUT/CALL Ratio 1.0 0.0 Neutral

Statistics: DNOW

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Short % of Float --

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Institutional Holders (2026 Q1)

313 + investors

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

QUARTER:
Top 25 DNOW holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Engine Capital Management, LP 7.43% 5,165,862 $61.5M
2 Verbena Value LP 6.43% 3,297,904 $39.3M
3 Tejara Capital Ltd 5.31% 1,352,076 $16.1M
4 Medina Value Partners, LLC 3.50% 1,402,563 $16.7M
5 Global Alpha Capital Management Ltd. 2.15% 3,007,845 $35.8M
6 Pullen Investment Management, LLC 1.37% 228,832 $2.7M
7 Penn Capital Management Company, LLC 1.09% 1,177,924 $14.1M
8 Madison Avenue Partners, LP 0.71% 1,365,067 $16.3M
9 Harvey Partners, LLC 0.69% 730,943 $8.7M
10 River Road Asset Management, LLC 0.54% 4,009,225 $47.7M
11 Monaco Asset Management SAM 0.49% 225,000 $2.7M
12 Fulcrum Asset Management LLP 0.41% 231,120 $2.7M
13 SummerHaven Investment Management, LLC 0.38% 52,090 $620K
14 Bridgeway Capital Management, LLC 0.34% 1,400,434 $16.7M
15 Heartland Advisors Inc 0.33% 550,000 $6.6M
16 Kennedy Capital Management LLC 0.30% 1,181,959 $14.1M
17 Atom Investors LP 0.28% 331,714 $4.0M
18 EntryPoint Capital, LLC 0.23% 66,485 $792K
19 DG Capital Management, LLC 0.21% 57,520 $685K
20 Royce & Associates LP 0.19% 1,658,694 $19.8M
21 Scientech Research LLC 0.19% 18,761 $223K
22 CoreCommodity Management, LLC 0.17% 75,296 $897K
23 Greenhaven Associates Inc 0.16% 824,487 $9.8M
24 Rubric Capital Management LP 0.16% 1,267,527 $15.1M
25 Barrow Hanley Mewhinney & Strauss LLC 0.15% 3,894,798 $46.4M
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 — Dnow Inc (DNOW)

What does the Smart Money Trend signal show for DNOW?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added DNOW 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 DNOW?

More sellers than buyers — 45% buying: Last quarter: 188 funds reduced or exited vs 153 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 DNOW holders?

Strong quality — 37% AUM from major funds: 48 of 314 holders rank in the top 100 by AUM, accounting for 37% 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 DNOW?

60% of holders stayed for 2+ years: 188 out of 315 hedge funds have held DNOW 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 Dnow Inc (DNOW) following the 2026 Q1 hedge fund 13F filings?

As of today, DNOW has moved +3.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.0% for the XLI sector ETF — an outperformance of -2.9%. Since the quarter end (March 31, 2026), DNOW has gained +13.8% vs +12.3% for XLI. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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