Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

EMERA INC (EMRAF)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +12
Streak
4Q ▲
Buyers last Q
55%

Smart Money Signals — EMRAF

Based on 173 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added EMRAF 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
173 hedge funds hold EMRAF 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 — +5667% more funds vs a year ago

fund count last 6Q
+170 new funds entered over the past year (+5667% 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 — 55% buying

91 buying75 selling
Last quarter: 91 funds bought or added vs 75 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.
⚠️

Fewer new buyers each quarter (-13 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 2 → 124 → 44 → 31. 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.
🔄

Mostly new holders — 91% entered in last year

■ 4% conviction (2yr+) ■ 5% medium ■ 91% new
Only 7 funds (4%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
📊

Peak discovery — momentum slowing

0 → 2 → 124 → 44 → 31 new funds/Q
New funds entering each quarter: 2 → 124 → 44 → 31. EMRAF is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🌱

Early stage — 89% of holders entered in last year

■ 10% veterans ■ 1% 1-2yr ■ 89% new
Of 180 current holders: 161 (89%) entered in the past year, only 18 (10%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
🏆

Elite ownership — 47% AUM from top-100 funds

47% from top-100 AUM funds
33 of 173 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in EMRAF. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
7.3
out of 10
High Exit Risk
Exit risk score 7.3/10 — multiple crowding signals converge. Institutional ownership is at 100% of its all-time high — near peak crowding. Crowded trades can unwind fast — a single catalyst can trigger a cascade.

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.

Hedge Fund Ownership: EMRAF

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

Market Analysis: EMRAF

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: EMRAF

-- --

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

33 top-rated funds 0 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: EMRAF
2026 Q1 Stats Unlock in 10 days 180 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 180 167 7.78%
13F Shares 156M 157M -0.12%
Total Value $7.74B $7.53B 2.73%
New Positions 31 44 -13
Increased Positions 68 65 +3
Closed Positions 19 11 +8
Reduced Positions 67 46 +21
Total Calls 4 3 33.33%
Total Puts 4 4 -
PUT/CALL Ratio 1.0 1.33 Neutral

Statistics: EMRAF

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

180 + investors

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

Top 25 institutional holders of EMRAF — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 QV Investors Inc. 3.27% 782,886 $40K
2 INTACT INVESTMENT MANAGEMENT INC. 2.65% 1,794,525 $93.0M
3 Tacita Capital Inc 1.75% 57,086 $2.9M
4 DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.01% 1,349,450 $97.3M
5 Hillsdale Investment Management Inc. 0.90% 640,280 $33.2M
6 Addenda Capital Inc. 0.86% 421,545 $30.4M
7 A. D. Beadell Investment Counsel, Inc. 0.73% 22,105 $1K
8 Sky Investment Group LLC 0.48% 54,375 $2.8M
9 Cardinal Capital Management, Inc. 0.31% 221,785 $11.5M
10 BFSG, LLC 0.11% 21,632 $1.1M
11 JOHN G ULLMAN & ASSOCIATES INC 0.10% 14,600 $756K
12 LOUISBOURG INVESTMENTS INC. 0.06% 6,400 $331K
13 K.J. Harrison & Partners Inc 0.06% 6,749 $349K
14 DGS Capital Management, LLC 0.06% 6,740 $349K
15 AGF MANAGEMENT LTD 0.06% 241,071 $12.7M
16 CIDEL ASSET MANAGEMENT INC 0.05% 17,895 $925K
17 Legal & General Group Plc 0.04% 3,718,555 $192.1M
18 NAPLES GLOBAL ADVISORS, LLC 0.04% 10,866 $563K
19 VANGUARD FIDUCIARY TRUST CO 0.04% 2,650,953 $137.4M
20 FORSTA AP-FONDEN 0.03% 113,400 $5.6M
21 Versant Capital Management, Inc 0.03% 6,433 $333K
22 Generali Asset Management SPA SGR 0.03% 21,597 $1.6M
23 Swiss National Bank 0.03% 1,015,600 $52.6M
24 Alberta Investment Management Corp 0.03% 80,927 $4.2M
25 VANGUARD ASSET MANAGEMENT, Ltd 0.02% 555,144 $28.8M
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 — EMERA INC (EMRAF)

What does the Smart Money Trend signal show for EMRAF?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added EMRAF 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 EMRAF?

Slight buying edge — 55% buying: Last quarter: 91 funds bought or added vs 75 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 EMRAF holders?

Elite ownership — 47% AUM from top-100 funds: 33 of 173 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in EMRAF. 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 EMRAF?

Mostly new holders — 91% entered in last year: Only 7 funds (4%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

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.