Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FIGS INC (FIGS)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +15
Streak
3Q ▲
Buyers last Q
50%

Smart Money Signals — FIGS

Based on 199 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added FIGS 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
199 hedge funds hold FIGS 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.
📶

Steady growth — +19% more funds vs a year ago

fund count last 6Q
+32 new funds entered over the past year (+19% 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 3 quarters from the low — a sharp move.
🟡

Slight buying edge — 50% buying

107 buying105 selling
Last quarter: 107 funds bought or added vs 105 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.
➡️

Steady new buyers — ~46 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 24 → 32 → 41 → 46. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 23% medium ■ 24% new
106 out of 199 hedge funds have held FIGS 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.
💰

Price up while funds trimmed (+64% value, -3% shares)

Value
+64%
Shares
-3%
Last quarter: total value of institutional FIGS holdings rose +64% even though funds reduced share count by 3%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
🚀

Acceleration phase — new buyers rushing in

27 → 24 → 32 → 41 → 46 new funds/Q
New funds entering each quarter: 24 → 32 → 41 → 46. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Deep conviction — 65% of holders stayed 2+ years

■ 65% veterans ■ 12% 1-2yr ■ 22% new
Of 208 current holders: 136 (65%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 27% AUM from major funds

27% from top-100 AUM funds
34 of 199 holders rank in the top 100 by AUM, accounting for 27% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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.

Hedge Fund Ownership: FIGS

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

Market Analysis: FIGS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FIGS

-- --

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.

35 top-rated funds 0 high-conviction
Consensus
6.8
/ 10
breadth
×
Elite
0.9
/ 10
conviction
Hedge Fund Positioning: FIGS
2026 Q1 Stats Unlock in 10 days 208 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 208 188 10.64%
13F Shares 141M 146M -3.19%
Total Value $1.61B $977M 64.38%
New Positions 49 41 +8
Increased Positions 69 56 +13
Closed Positions 31 21 +10
Reduced Positions 81 70 +11
Total Calls 6 4 50.0%
Total Puts 5 1 400.0%
PUT/CALL Ratio 0.83 0.25 Neutral

Statistics: FIGS

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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)

208 + investors

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

Top 25 institutional holders of FIGS — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Malaga Cove Capital, LLC 1.82% 343,010 $5.1M
2 Intrinsic Value Partners, LLC 0.72% 63,035 $931K
3 Lisanti Capital Growth, LLC 0.51% 137,180 $2.0M
4 SANDERS MORRIS HARRIS LLC 0.22% 95,000 $1.4M
5 Hillsdale Investment Management Inc. 0.19% 475,860 $7.0M
6 Torrey Growth & Income Advisors 0.19% 2,250 $447K
7 LGT Fund Management Co Ltd. 0.17% 268,200 $4.0M
8 R Squared Ltd 0.12% 15,009 $222K
9 Net Worth Advisory Group 0.11% 34,810 $514K
10 GSA CAPITAL PARTNERS LLP 0.09% 92,680 $1K
11 CONNABLE OFFICE INC 0.08% 52,532 $776K
12 COOKSON PEIRCE & CO INC 0.07% 113,518 $1.7M
13 Quent Capital, LLC 0.06% 60,000 $886K
14 Financiere des Professionnels - Fonds d'investissement inc. 0.05% 59,468 $878K
15 Archer Investment Corp 0.05% 16,197 $239K
16 OPPENHEIMER & CO INC 0.05% 271,778 $4.0M
17 Brooklyn Investment Group 0.04% 78,407 $1.2M
18 NAVELLIER & ASSOCIATES INC 0.03% 20,171 $298K
19 FourThought Financial Partners, LLC 0.03% 23,041 $340K
20 Lineweaver Wealth Advisors, LLC 0.03% 13,000 $192K
21 Cornerstone Investment Partners, LLC 0.02% 28,833 $426K
22 HIGHLAND CAPITAL MANAGEMENT, LLC 0.02% 20,003 $295K
23 Elevated Capital Advisors, LLC 0.01% 4,000 $59K
24 JENNISON ASSOCIATES LLC 0.01% 1,401,214 $20.7M
25 NBC SECURITIES, INC. 0.01% 12,792 $189K
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 — FIGS INC (FIGS)

What does the Smart Money Trend signal show for FIGS?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added FIGS 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 FIGS?

Slight buying edge — 50% buying: Last quarter: 107 funds bought or added vs 105 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 FIGS holders?

Strong quality — 27% AUM from major funds: 34 of 199 holders rank in the top 100 by AUM, accounting for 27% 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 FIGS?

53% of holders stayed for 2+ years: 106 out of 199 hedge funds have held FIGS 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.