Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FIRST NATL CORP VA (FXNC)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
3Q ▲
Buyers last Q
57%

Smart Money Signals — FXNC

Based on 66 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 FXNC 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
66 hedge funds hold FXNC 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 — +53% more funds vs a year ago

fund count last 6Q
+23 new funds entered over the past year (+53% 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 — 57% buying

30 buying23 selling
Last quarter: 30 funds bought or added vs 23 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 — ~9 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 4 → 22 → 11 → 9. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 38% long-term, 39% new

■ 38% conviction (2yr+) ■ 23% medium ■ 39% new
Of the 66 current holders: 25 (38%) held >2 years, 15 held 1–2 years, and 26 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
📊

Peak discovery — momentum slowing

15 → 4 → 22 → 11 → 9 new funds/Q
New funds entering each quarter: 4 → 22 → 11 → 9. FXNC is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 42% of holders stayed 2+ years

■ 42% veterans ■ 12% 1-2yr ■ 45% new
Of 66 current holders: 28 (42%) 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 — 29% AUM from major funds

29% from top-100 AUM funds
26 of 66 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.7
out of 10
Moderate Exit Risk
Exit risk score 4.7/10 — 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 — FXNC

In 2025 Q4, 30 hedge funds were net buyers of FXNC (9 opened a new position, 21 added to an existing one), while 23 reduced or exited (18 trimmed, 5 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 29% of total institutional value in FXNC is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 66.

Hedge Fund Ownership: FXNC

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

Market Analysis: FXNC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FXNC

-- --

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

Is It Too Late to Buy FIRST NATL CORP VA (FXNC) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FXNC has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 50d ago
FXNC
+2.7%
XLF
+4.8%

FXNC outperformed XLF by -2.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 5d ago
FXNC
+1.1%
XLF
+1.2%

Since the filing became public, FXNC outperformed XLF by -0.1% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

11 top-rated funds 0 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
1.2
/ 10
conviction
Hedge Fund Positioning: FXNC
81 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 81 66 22.73%
13F Shares 4M 4M 2.11%
Total Value $100M $94M 5.83%
New Positions 22 9 +13
Increased Positions 23 21 +2
Closed Positions 7 5 +2
Reduced Positions 18 18 -
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FXNC

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

81 + investors

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

QUARTER:
Top 25 institutional holders of FXNC — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Petiole USA ltd 5.80% 307,940 $8.3M
2 Fourthstone LLC 3.53% 774,119 $20.8M
3 Siena Capital Partners GP, LLC 1.93% 276,043 $7.4M
4 Cutler Capital Management, LLC 1.49% 204,109 $5.5M
5 Piedmont Capital Management, LLC/NC 0.77% 42,955 $1.2M
6 De Lisle Partners LLP 0.45% 138,113 $3.7M
7 BANC FUNDS CO LLC 0.25% 49,391 $1.3M
8 Daytona Street Capital LLC 0.21% 10,000 $274K
9 FOUNDERS GROVE WEALTH PARTNERS, LLC 0.07% 10,954 $295K
10 GRACE & WHITE INC /NY 0.05% 10,478 $282K
11 Numerai GP LLC 0.04% 15,854 $427K
12 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% 44,614 $1.2M
13 ABNER HERRMAN & BROCK LLC 0.02% 7,600 —
14 OCCUDO QUANTITATIVE STRATEGIES LP 0.02% 10,589 $283K
15 Wealthcare Advisory Partners LLC 0.01% 14,503 $390K
16 Trexquant Investment LP 0.00% 20,358 $548K
17 ACADIAN ASSET MANAGEMENT LLC 0.00% 99,710 $3K
18 BROWN BROTHERS HARRIMAN & CO 0.00% 24,696 $665K
19 DAVENPORT & Co LLC 0.00% 20,912 $563K
20 FIRST MANHATTAN CO. LLC. 0.00% 35,500 $956K
21 COMMONWEALTH EQUITY SERVICES, LLC 0.00% 36,335 $978K
22 Squarepoint Ops LLC 0.00% 24,030 $647K
23 MetLife Investment Management, LLC 0.00% 4,872 $131K
24 Ameritas Investment Partners, Inc. 0.00% 796 $21K
25 MARSHALL WACE, LLP 0.00% 24,270 $653K
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 — FIRST NATL CORP VA (FXNC)

What does the Smart Money Trend signal show for FXNC?

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

Slight buying edge — 57% buying: Last quarter: 30 funds bought or added vs 23 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 FXNC holders?

Strong quality — 29% AUM from major funds: 26 of 66 holders rank in the top 100 by AUM, accounting for 29% 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 FXNC?

Mixed — 38% long-term, 39% new: Of the 66 current holders: 25 (38%) held >2 years, 15 held 1–2 years, and 26 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy FIRST NATL CORP VA (FXNC) following the 2026 Q1 hedge fund 13F filings?

As of today, FXNC has moved +1.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.2% for the XLF sector ETF — an outperformance of -0.1%. Since the quarter end (March 31, 2026), FXNC has gained +2.7% vs +4.8% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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