Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Drdgold Limited (DRD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -12
Streak
3Q ▼
Buyers last Q
42%

Smart Money Signals — DRD

Based on 104 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 DRD 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 — 86% of 3.0Y peak

86% of all-time peak
104 funds currently hold this stock — 86% of the 3.0-year high of 121 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +17% more funds vs a year ago

fund count last 6Q
+15 new funds entered over the past year (+17% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 4 quarters from the low — a sharp move.
🟠

More sellers than buyers — 42% buying

48 buying65 selling
Last quarter: 65 funds reduced or exited vs 48 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 — ~14 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 38 → 23 → 16 → 14. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 26% medium ■ 18% new
58 out of 104 hedge funds have held DRD 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.
⚠️

Saturation — most institutions already know this story

17 → 38 → 23 → 16 → 14 new funds/Q
New funds entering each quarter: 38 → 23 → 16 → 14. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🏛️

Veteran-anchored — 69% veterans vs 23% newcomers

■ 69% veterans ■ 7% 1-2yr ■ 23% new
Entry-cohort mix of 107 holders: 74 (69%) are 2+ year veterans, 8 entered 1–2 years ago, and 25 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds
27 of 104 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in DRD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 — DRD

In 2026 Q2, 48 hedge funds were net buyers of DRD (14 opened a new position, 34 added to an existing one), while 65 reduced or exited (39 trimmed, 26 sold completely) — a 42% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 40% of total institutional value in DRD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -12 funds (more exits than new entries). Total institutional holders: 104.

Hedge Fund Ownership: DRD

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

Market Analysis: DRD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DRD

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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.

4 top-rated funds 0 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
0.4
/ 10
conviction
Hedge Fund Positioning: DRD
104 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 104 116 -10.34%
13F Shares 8M 10M -19.81%
Total Value $153M $212M -27.93%
New Positions 14 16 -2
Increased Positions 33 37 -4
Closed Positions 26 18 +8
Reduced Positions 38 42 -4
Total Calls 3 3 -
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 0.33 Bullish

Statistics: DRD

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Financial Highlights

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Institutional Holders (2026 Q2)

104 + investors

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

QUARTER:
Top 25 DRD holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. 0.91% 19,900 $424K
2 Abc Arbitrage SA 0.25% 107,960 $2.3M
3 Oakmont Investment Advisors, Inc. 0.22% 9,800 $304K
4 SmartHarvest Portfolios, LLC 0.09% 13,542 $288K
5 Drive Wealth Management, LLC 0.04% 11,791 $251K
6 Towarzystwo Funduszy Inwestycyjnych Pzu SA 0.04% 6,650 $142K
7 Aventura Private Wealth, LLC 0.03% 4,876 $104K
8 Connor, Clark & Lunn Investment Management Ltd. 0.03% 711,999 $15.2M
9 Heritage Trust Co 0.03% 15,073 $321K
10 Campbell & CO Investment Adviser LLC 0.02% 21,861 $466K
11 Silver Grove Financial Group, Inc. 0.02% 2,025 $43K
12 Quadrature Capital Ltd 0.02% 115,835 $2.5M
13 Van Eck Associates Corp 0.02% 1,156,605 $24.6M
14 Quadrant Capital Group LLC 0.01% 23,467 $500K
15 Engineers Gate Manager LP 0.01% 37,908 $807K
16 Trexquant Investment LP 0.01% 76,036 $1.6M
17 Vident Advisory, LLC 0.01% 61,841 $1.3M
18 Y-Intercept (Hong Kong) Ltd 0.01% 19,614 $418K
19 Renaissance Technologies LLC 0.01% 280,920 $6.0M
20 Ashton Thomas Private Wealth, LLC 0.01% 17,294 $368K
21 Man Group plc 0.01% 199,749 $4.3M
22 GAMMA Investing LLC 0.01% 8,472 $180K
23 XTX Topco Ltd 0.01% 23,785 $507K
24 Marshall Wace, LLP 0.01% 347,168 $7.4M
25 American Century Companies Inc 0.00% 446,729 $9.5M
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 — Drdgold Limited (DRD)

What does the Smart Money Trend signal show for DRD?

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

More sellers than buyers — 42% buying: Last quarter: 65 funds reduced or exited vs 48 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 DRD holders?

Elite ownership — 40% AUM from top-100 funds: 27 of 104 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in DRD. 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 DRD?

56% of holders stayed for 2+ years: 58 out of 104 hedge funds have held DRD 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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