Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fennec Pharmaceuticals Inc (FENC)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +15
Streak
1Q ▲
Buyers last Q
70%

Smart Money Signals — FENC

Based on 106 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added FENC 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
106 hedge funds hold FENC 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 — +38% more funds vs a year ago

fund count last 6Q
+29 new funds entered over the past year (+38% 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.
🟢

More buyers than sellers — 70% buying

70 buying30 selling
Last quarter: 70 funds were net buyers (27 opened a brand new position + 43 added to an existing one). Only 30 were sellers (18 trimmed + 12 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+9 vs last Q)

new funds entering per quarter
Funds opening a new FENC position: 12 → 21 → 18 → 27. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

42% of holders stayed for 2+ years

■ 42% conviction (2yr+) ■ 26% medium ■ 32% new
44 out of 106 hedge funds have held FENC 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.
💰

Value +76% but shares only +1% — price-driven

Value
+75%
Shares
+0%
Last quarter: the total dollar value of institutional holdings rose +76%, but actual share count only changed +1%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

15 → 12 → 21 → 18 → 27 new funds/Q
New funds entering each quarter: 12 → 21 → 18 → 27. A growing number of institutions are discovering FENC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 49% veterans vs 35% newcomers

■ 49% veterans ■ 16% 1-2yr ■ 35% new
Entry-cohort mix of 106 holders: 52 (49%) are 2+ year veterans, 17 entered 1–2 years ago, and 37 (35%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 23% AUM from major funds

23% from top-100 AUM funds
31 of 105 holders rank in the top 100 by AUM, accounting for 23% 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 — FENC

In 2026 Q2, 70 hedge funds were net buyers of FENC (27 opened a new position, 43 added to an existing one), while 30 reduced or exited (18 trimmed, 12 sold completely) — a 70% buyer ratio, indicating clear institutional accumulation. 23% of total institutional value in FENC is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +15 funds (more new holders than closures). Total institutional holders: 106.

Hedge Fund Ownership: FENC

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

Market Analysis: FENC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FENC

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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.

6 top-rated funds 2 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
2.2
/ 10
conviction
Hedge Fund Positioning: FENC
105 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 105 91 15.38%
13F Shares 16M 16M 0.78%
Total Value $175M $99M 75.67%
New Positions 27 18 +9
Increased Positions 43 36 +7
Closed Positions 12 22 -10
Reduced Positions 18 18 -
Total Calls 1 1 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FENC

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Financial Highlights

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Institutional Holders (2026 Q2)

105 + investors

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

QUARTER:
Top 25 FENC holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Rosalind Advisors, Inc. 12.73% 3,188,001 $34.3M
2 Solas Capital Management, LLC 10.88% 1,889,366 $20.3M
3 Lion Point Capital, LP 5.78% 112,434 $1.2M
4 Prospect Capital Advisors, LLC 2.43% 497,800 $5.4M
5 AIGH Capital Management LLC 1.68% 2,486,038 $26.7M
6 Potomac Capital Management, Inc. 1.65% 224,400 $2.4M
7 AWM Investment Company, Inc. 1.08% 1,160,296 $12.5M
8 1492 Capital Management LLC 0.21% 65,149 $700K
9 Hartford Financial Management Inc. 0.12% 50,646 $544K
10 Cornerstone Capital, Inc. 0.10% 105,000 $1.1M
11 Eleva Capital SAS 0.10% 53,234 $327K
12 Round Rock Advisors LLC 0.07% 48,683 $523K
13 CenterBook Partners LP 0.06% 118,582 $1.3M
14 Nano Cap New Millennium Growth Fund L P 0.06% 7,500 $81K
15 Master's Wealth Management INC. 0.04% 11,557 $124K
16 Prelude Capital Management, LLC 0.02% 29,599 $318K
17 Bridgeway Capital Management, LLC 0.02% 108,005 $1.2M
18 Kemnay Advisory Services Inc. 0.02% 12,586 $135K
19 XTX Topco Ltd 0.01% 93,866 $1.0M
20 Trexquant Investment LP 0.01% 119,122 $1.3M
21 Quadrature Capital Ltd 0.01% 75,726 $814K
22 Engineers Gate Manager LP 0.00% 17,890 $192K
23 Renaissance Technologies LLC 0.00% 134,200 $1.4M
24 Brevan Howard Capital Management LP 0.00% 21,474 $231K
25 Marshall Wace, LLP 0.00% 138,758 $1.5M
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 — Fennec Pharmaceuticals Inc (FENC)

What does the Smart Money Trend signal show for FENC?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added FENC 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 FENC?

More buyers than sellers — 70% buying: Last quarter: 70 funds were net buyers (27 opened a brand new position + 43 added to an existing one). Only 30 were sellers (18 trimmed + 12 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FENC holders?

Strong quality — 23% AUM from major funds: 31 of 105 holders rank in the top 100 by AUM, accounting for 23% 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 FENC?

42% of holders stayed for 2+ years: 44 out of 106 hedge funds have held FENC 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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