Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Listed Fds Tr (HEGD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
1Q ▼
Buyers last Q
54%

Smart Money Signals — HEGD

Based on 78 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their HEGD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (99% of max)

99% of all-time peak
78 hedge funds hold HEGD 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 — +11% more funds vs a year ago

fund count last 6Q
+8 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 54% buying

43 buying36 selling
Last quarter: 43 funds bought or added vs 36 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 — ~11 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 12 → 15 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 29% long-term, 33% new

■ 29% conviction (2yr+) ■ 37% medium ■ 33% new
Of the 78 current holders: 23 (29%) held >2 years, 29 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.
📈

Growing discovery — still being found

17 → 8 → 12 → 15 → 11 new funds/Q
New funds entering each quarter: 8 → 12 → 15 → 11. A growing number of institutions are discovering HEGD each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊

Mixed cohorts — 32% veterans, 49% new entrants

■ 32% veterans ■ 19% 1-2yr ■ 49% new
Of 78 current holders: 25 (32%) held 2+ years, 15 held 1–2 years, 38 (49%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 11% AUM from top-100

11% from top-100 AUM funds
3 of 78 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
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 — HEGD

In 2026 Q1, 43 hedge funds were net buyers of HEGD (11 opened a new position, 32 added to an existing one), while 36 reduced or exited (24 trimmed, 12 sold completely) — a 54% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 78.

Hedge Fund Ownership: HEGD

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

Market Analysis: HEGD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: HEGD

-- --

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

Is It Too Late to Buy Listed Fds Tr (HEGD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much HEGD has moved relative to its sector benchmark (SPY) 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 · 85d ago
HEGD
+7.1%
SPY
+14.9%

HEGD outperformed SPY by -7.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 40d ago
HEGD
-0.4%
SPY
+1.1%

Since the filing became public, HEGD outperformed SPY by -1.5% .

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.

4 top-rated funds 3 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
2.8
/ 10
conviction
Hedge Fund Positioning: HEGD
78 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 78 79 -1.27%
13F Shares 22M 21M 0.94%
Total Value $512M $538M -4.82%
New Positions 11 15 -4
Increased Positions 32 39 -7
Closed Positions 12 4 +8
Reduced Positions 24 20 +4
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: HEGD

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Financial Highlights

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Institutional Holders (2026 Q1)

78 + investors

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

QUARTER:
Top 25 HEGD holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Taylor Securities Services, Inc. 24.87% 2,156,924 $53.3M
2 Financial Designs Corp 7.51% 546,342 $13.5M
3 Spartan Planning & Wealth Management 5.39% 294,970 $7.3M
4 Legacy CG, LLC 4.71% 686,712 $17.0M
5 Blueprint Investment Partners LLC 3.92% 1,556,810 $38.5M
6 Retirement Guys Formula LLC 3.28% 289,135 $7.1M
7 Blueprint Financial Advisors LLC 2.80% 764,899 $18.9M
8 Marshall & Sterling Wealth Advisors Inc. 2.45% 151,741 $3.7M
9 Laurel Oak Wealth Management, LLC 2.03% 488,479 $12.1M
10 Swan Global Investments, LLC 1.31% 1,592,181 $39.3M
11 Vista Investment Partners II, LLC 0.87% 78,139 $1.9M
12 Camarda Financial Advisors, LLC 0.67% 51,707 $1.3M
13 Barnes Wealth Management Group, Inc 0.67% 53,448 $1.3M
14 Momentum Wealth Planning, LLC 0.64% 29,207 $721K
15 NewEdge Advisors, LLC 0.52% 992,320 $11.3M
16 Inspire Advisors, LLC 0.47% 231,966 $5.7M
17 Riverchase Wealth Management, LLC 0.42% 32,787 $810K
18 Granite Islands Private Wealth, LLC 0.41% 17,958 $444K
19 Ausdal Financial Partners, Inc. 0.41% 369,577 $9.1M
20 Avior Wealth Management, LLC 0.40% 576,125 $14.2M
21 LaSalle St. Investment Advisors, LLC 0.37% 107,088 $2.6M
22 Cwm, LLC 0.30% 4,586,482 $113.3M
23 Sentinel Pension Advisors, LLC 0.25% 68,719 $1.7M
24 World Equity Group, INC. 0.22% 34,297 $847K
25 Park Square Financial Group, LLC 0.15% 799 $20K
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 — Listed Fds Tr (HEGD)

What does the Smart Money Trend signal show for HEGD?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their HEGD 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 HEGD?

Slight buying edge — 54% buying: Last quarter: 43 funds bought or added vs 36 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 HEGD holders?

Smaller funds dominant — 11% AUM from top-100: 3 of 78 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held HEGD?

Mixed — 29% long-term, 33% new: Of the 78 current holders: 23 (29%) held >2 years, 29 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 Listed Fds Tr (HEGD) following the 2026 Q1 hedge fund 13F filings?

As of today, HEGD has moved -0.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of -1.5%. Since the quarter end (March 31, 2026), HEGD has gained +7.1% vs +14.9% for SPY. 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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