Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Evolent Health Inc (EVH)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -21
Streak
2Q ▼
Buyers last Q
46%

Smart Money Signals — EVH

Based on 191 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their EVH 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 — 73% of 3.0Y peak

73% of all-time peak
191 funds currently hold this stock — 73% of the 3.0-year high of 263 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 14% fewer funds vs a year ago

fund count last 6Q
31 fewer hedge funds hold EVH compared to a year ago (-14% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 46% buying

106 buying122 selling
Last quarter: 122 funds reduced or exited vs 106 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 — ~44 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 37 → 54 → 39 → 44. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 25% medium ■ 19% new
106 out of 191 hedge funds have held EVH 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 -8%, value -47%

Value
-46%
Shares
-8%
Last quarter: funds added -8% more shares while total portfolio value only changed -47%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~44 new funds/quarter

40 → 37 → 54 → 39 → 44 new funds/Q
New funds entering each quarter: 37 → 54 → 39 → 44. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 66% veterans vs 20% newcomers

■ 66% veterans ■ 14% 1-2yr ■ 20% new
Entry-cohort mix of 196 holders: 130 (66%) are 2+ year veterans, 27 entered 1–2 years ago, and 39 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 50% AUM from top-100 funds

50% from top-100 AUM funds
40 of 190 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in EVH. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.3
out of 10
Low Exit Risk
Exit risk score 2.3/10 — 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 — EVH

In 2026 Q1, 106 hedge funds were net buyers of EVH (44 opened a new position, 62 added to an existing one), while 122 reduced or exited (57 trimmed, 65 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 50% of total institutional value in EVH is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -21 funds (more exits than new entries). Total institutional holders: 191.

Hedge Fund Ownership: EVH

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

Market Analysis: EVH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: EVH

-- --

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.

10 top-rated funds 1 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
1.8
/ 10
conviction
Hedge Fund Positioning: EVH
195 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 195 192 1.56%
13F Shares 112M 111M 0.71%
Total Value $603M $258M 133.54%
New Positions 38 44 -6
Increased Positions 64 58 +6
Closed Positions 34 64 -30
Reduced Positions 65 58 +7
Total Calls 4 3 33.33%
Total Puts 3 3 -
PUT/CALL Ratio 0.75 1.0 Neutral

Statistics: EVH

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Financial Highlights

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Institutional Holders (2026 Q2)

195 + investors

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

QUARTER:
Top 25 EVH holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Rubicon Founders LLC 16.05% 5,816,123 $31.5M
2 Engaged Capital LLC 9.22% 5,563,912 $30.2M
3 Cadian Capital Management, LP 4.44% 10,814,473 $58.6M
4 Benefit Street Partners LLC 2.83% 363,165 $2.0M
5 Rock Point Advisors, LLC 2.28% 1,719,886 $9.3M
6 Tejara Capital Ltd 0.98% 441,456 $2.4M
7 Formula Growth Ltd 0.92% 485,000 $2.6M
8 Rock Springs Capital Management LP 0.66% 2,500,000 $13.6M
9 Kennedy Capital Management LLC 0.15% 1,567,816 $8.5M
10 Ironwood Investment Management LLC 0.09% 49,408 $268K
11 Tempus Wealth Planning, LLC 0.09% 83,805 $454K
12 Inceptionr LLC 0.07% 49,778 $270K
13 Voleon Capital Management LP 0.07% 666,502 $3.6M
14 Williams & Novak Wealth Management, LLC 0.05% 14,480 $78K
15 State of Wyoming 0.05% 82,354 $446K
16 Atom Investors LP 0.04% 90,138 $489K
17 Algert Global LLC 0.04% 656,463 $3.6M
18 Jacobs Levy Equity Management, Inc 0.03% 1,601,638 $8.7M
19 Brighton Jones LLC 0.03% 294,096 $1.6M
20 ERn Financial, LLC 0.03% 29,574 $160K
21 Quinn Opportunity Partners LLC 0.03% 99,687 $540K
22 TSA Wealth Managment LLC 0.02% 14,686 $80K
23 Numerai GP LLC 0.02% 44,952 $244K
24 Headlands Technologies LLC 0.02% 29,292 $159K
25 Walleye Capital LLC 0.02% 845,787 $4.6M
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 — Evolent Health Inc (EVH)

What does the Smart Money Trend signal show for EVH?

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

More sellers than buyers — 46% buying: Last quarter: 122 funds reduced or exited vs 106 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 EVH holders?

Elite ownership — 50% AUM from top-100 funds: 40 of 190 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in EVH. 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 EVH?

55% of holders stayed for 2+ years: 106 out of 191 hedge funds have held EVH 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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