Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

HEALTH CATALYST INC (HCAT)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -7
Streak
4Q ▼
Buyers last Q
45%

Smart Money Signals — HCAT

Based on 133 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds reduced or closed their HCAT 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 — 81% of 3.0Y peak

81% of all-time peak
133 funds currently hold this stock — 81% of the 3.0-year high of 164 funds (reached 2024 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 18% fewer funds vs a year ago

fund count last 6Q
30 fewer hedge funds hold HCAT compared to a year ago (-18% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 45% buying

61 buying76 selling
Last quarter: 76 funds reduced or exited vs 61 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.
⚠️

Fewer new buyers each quarter (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 29 → 15 → 29 → 22. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 24% medium ■ 17% new
78 out of 133 hedge funds have held HCAT 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 +2%, value -78%

Value
-77%
Shares
+1%
Last quarter: funds added +2% more shares while total portfolio value only changed -78%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

26 → 29 → 15 → 29 → 22 new funds/Q
New funds entering each quarter: 29 → 15 → 29 → 22. A growing number of institutions are discovering HCAT each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 61% of holders stayed 2+ years

■ 61% veterans ■ 14% 1-2yr ■ 25% new
Of 133 current holders: 81 (61%) 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 — 25% AUM from major funds

25% from top-100 AUM funds
24 of 133 holders rank in the top 100 by AUM, accounting for 25% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.7
out of 10
Low Exit Risk
Exit risk score 2.7/10 — 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 — HCAT

In 2025 Q4, 61 hedge funds were net buyers of HCAT (22 opened a new position, 39 added to an existing one), while 76 reduced or exited (47 trimmed, 29 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. This extends a 4-quarter selling streak, suggesting sustained institutional caution. 25% of total institutional value in HCAT is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -7 funds (more exits than new entries). Total institutional holders: 133.

Hedge Fund Ownership: HCAT

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

Market Analysis: HCAT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: HCAT

Healthcare Health Information Services

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.

20 top-rated funds 1 high-conviction
Consensus
5.7
/ 10
breadth
×
Elite
1.6
/ 10
conviction
Hedge Fund Positioning: HCAT
2026 Q1 Stats Unlock in 6 days 133 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 133 142 -6.34%
13F Shares 55M 54M 1.74%
Total Value $132M $598M -77.88%
New Positions 22 30 -8
Increased Positions 39 45 -6
Closed Positions 30 34 -4
Reduced Positions 47 37 +10
Total Calls 1 1 -
Total Puts 1 2 -50.0%
PUT/CALL Ratio 1.0 2.0 Neutral

Statistics: HCAT

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Valuation Measures Data as of: --

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

133 + investors

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

Top 25 institutional holders of HCAT — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Nepsis Inc. 0.80% 1,876,289 $2.4M
2 HighMark Wealth Management LLC 0.46% 903,082 $1.1M
3 PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. 0.09% 710,803 $903K
4 Williams & Novak, LLC 0.03% 34,165 $40K
5 Impax Asset Management Group plc 0.02% 2,750,000 $3.5M
6 Strong Retirement Solutions LLC 0.02% 23,293 $30K
7 71 West Capital Partners 0.02% 339,515 $431K
8 Caitong International Asset Management Co., Ltd 0.02% 67,629 $86K
9 KENNEDY CAPITAL MANAGEMENT LLC 0.01% 509,782 $647K
10 Net Worth Advisory Group 0.01% 36,372 $46K
11 Lunt Capital Management, Inc. 0.01% 17,337 $22K
12 State of Wyoming 0.00% 28,384 $36K
13 NINE MASTS CAPITAL Ltd 0.00% 22,587 $29K
14 MCF Advisors LLC 0.00% 70,000 $89K
15 CIGNA INVESTMENTS INC /NEW 0.00% 13,999 —
16 GSA CAPITAL PARTNERS LLP 0.00% 34,532 —
17 Probity Advisors, Inc. 0.00% 11,650 $15K
18 DGS Capital Management, LLC 0.00% 11,013 $14K
19 Sepio Capital, LP 0.00% 29,474 $37K
20 Signal Advisors Wealth, LLC 0.00% 23,293 $30K
21 AlphaQuest LLC 0.00% 12,278 $29K
22 HARBOR CAPITAL ADVISORS, INC. 0.00% 15,617 —
23 Avanza Fonder AB 0.00% 26,050 $33K
24 Perigon Wealth Management, LLC 0.00% 38,653 $49K
25 Visionary Wealth Advisors 0.00% 13,650 $17K
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 — HEALTH CATALYST INC (HCAT)

What does the Smart Money Trend signal show for HCAT?

Selling streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds reduced or closed their HCAT 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 HCAT?

More sellers than buyers — 45% buying: Last quarter: 76 funds reduced or exited vs 61 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 HCAT holders?

Strong quality — 25% AUM from major funds: 24 of 133 holders rank in the top 100 by AUM, accounting for 25% 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 HCAT?

59% of holders stayed for 2+ years: 78 out of 133 hedge funds have held HCAT 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.