Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Forum Markets Inc (ETHZ)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -6
Streak
2Q ▼
Buyers last Q
38%

Smart Money Signals — ETHZ

Based on 40 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their ETHZ positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 69% of 3.0Y high

69% of all-time peak
Only 40 funds hold ETHZ today versus a peak of 58 funds at 2025 Q4 — just 69% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
🚀

Fast accumulation — +3900% more funds vs a year ago

fund count last 6Q
+39 new funds entered over the past year (+3900% 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.
🔴

Heavy selling pressure — only 38% buying

18 buying30 selling
Last quarter: 30 funds sold vs only 18 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~7 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 3 → 56 → 7 → 7. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 90% entered in last year

■ 5% conviction (2yr+) ■ 5% medium ■ 90% new
Only 2 funds (5%) 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.
💰

Price up while funds trimmed (+39% value, -26% shares)

Value
+39%
Shares
-25%
Last quarter: total value of institutional ETHZ holdings rose +39% even though funds reduced share count by 26%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
⚠️

Saturation — most institutions already know this story

0 → 3 → 56 → 7 → 7 new funds/Q
New funds entering each quarter: 3 → 56 → 7 → 7. 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.
🌱

Early stage — 100% of holders entered in last year

■ 0% veterans ■ 0% 1-2yr ■ 100% new
Of 45 current holders: 45 (100%) entered in the past year, only 0 (0%) 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.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
18 of 38 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
6.3
out of 10
Moderate Exit Risk
Exit risk score 6.3/10 — 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 — ETHZ

In 2026 Q2, 18 hedge funds were net buyers of ETHZ (7 opened a new position, 11 added to an existing one), while 30 reduced or exited (17 trimmed, 13 sold completely) — a 38% buyer ratio, indicating net institutional distribution. Net selling has persisted for two consecutive quarters. 39% of total institutional value in ETHZ is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -6 funds (more exits than new entries). Total institutional holders: 40.

Hedge Fund Ownership: ETHZ

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

Market Analysis: ETHZ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ETHZ

-- --

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

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: ETHZ
38 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 38 46 -17.39%
13F Shares 9M 12M -25.64%
Total Value $49M $35M 39.32%
New Positions 7 7 -
Increased Positions 11 13 -2
Closed Positions 13 19 -6
Reduced Positions 15 10 +5
Total Calls 4 4 -
Total Puts 3 3 -
PUT/CALL Ratio 0.75 0.75 Neutral

Statistics: ETHZ

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Institutional Holders (2026 Q2)

38 + investors

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

QUARTER:
Top 25 ETHZ holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Stokes Family Office, LLC 0.61% 958,275 $5.2M
2 Almitas Capital LLC 0.10% 80,408 $437K
3 Vise Technologies, Inc. 0.05% 857,141 $4.7M
4 Saba Capital Management, L.P. 0.05% 371,561 $2.0M
5 J. Derek Lewis & Associates Inc. 0.02% 22,100 $120K
6 K2 Principal Fund, L.P. 0.00% 11,644 $63K
7 ExodusPoint Capital Management, LP 0.00% 56,016 $304K
8 Wealthspire Advisors, LLC 0.00% 56,653 $308K
9 Susquehanna International Group, LLP 0.00% 3,853,000 $20.9M
10 Group One Trading LLC 0.00% 68,200 $370K
11 Citadel Advisors LLC 0.00% 413,552 $2.2M
12 Millennium Management LLC 0.00% 77,772 $422K
13 Peak6 LLC 0.00% 11,594 $63K
14 UBS Group AG 0.00% 169,656 $921K
15 Barclays plc 0.00% 97,265 $528K
16 Vanguard Fiduciary Trust Co 0.00% 71,410 $388K
17 Goldman Sachs Group Inc 0.00% 167,047 $907K
18 Tudor Investment Corp Et Al 0.00% 10,000 $54K
19 Citadel Advisors LLC 0.00% 94,180 $511K
20 Bank of America Corp /de/ 0.00% 124,358 $675K
21 Citadel Advisors LLC 0.00% 69,200 $376K
22 Morgan Stanley 0.00% 144,535 $785K
23 Vanguard Capital Management LLC 0.00% 302,063 $1.6M
24 Susquehanna International Group, LLP 0.00% 81,500 $443K
25 Jane Street Group, LLC 0.00% 56,286 $306K
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 — Forum Markets Inc (ETHZ)

What does the Smart Money Trend signal show for ETHZ?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their ETHZ 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 ETHZ?

Heavy selling pressure — only 38% buying: Last quarter: 30 funds sold vs only 18 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for ETHZ holders?

Strong quality — 39% AUM from major funds: 18 of 38 holders rank in the top 100 by AUM, accounting for 39% 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 ETHZ?

Mostly new holders — 90% entered in last year: Only 2 funds (5%) 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.

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