Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Werewolf Therapeutics Inc (HOWL)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
6Q ▼
Buyers last Q
49%

Smart Money Signals — HOWL

Based on 46 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 6 quarters in a row

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

Below peak — only 64% of 3.0Y high

64% of all-time peak
Only 46 funds hold HOWL today versus a peak of 72 funds at 2024 Q4 — just 64% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 29% fewer funds vs a year ago

fund count last 6Q
19 fewer hedge funds hold HOWL compared to a year ago (-29% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 49% buying

19 buying20 selling
Last quarter: 20 funds reduced or exited vs 19 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.
➡️

Steady new buyers — ~10 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 6 → 10 → 10. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 20% medium ■ 28% new
24 out of 46 hedge funds have held HOWL 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 -22%, value -66%

Value
-66%
Shares
-21%
Last quarter: funds added -22% more shares while total portfolio value only changed -66%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~10 new funds/quarter

17 → 8 → 6 → 10 → 10 new funds/Q
New funds entering each quarter: 8 → 6 → 10 → 10. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 62% veterans vs 26% newcomers

■ 62% veterans ■ 13% 1-2yr ■ 26% new
Entry-cohort mix of 47 holders: 29 (62%) are 2+ year veterans, 6 entered 1–2 years ago, and 12 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 12% AUM from top-100

12% from top-100 AUM funds
15 of 45 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
2.0
out of 10
Low Exit Risk
Exit risk score 2.0/10 — 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 — HOWL

In 2026 Q2, 19 hedge funds were net buyers of HOWL (10 opened a new position, 9 added to an existing one), while 20 reduced or exited (9 trimmed, 11 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. This extends a 6-quarter selling streak, suggesting sustained institutional caution. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 46.

Hedge Fund Ownership: HOWL

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

Market Analysis: HOWL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: HOWL

-- --

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.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: HOWL
45 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 45 47 -4.26%
13F Shares 11M 14M -21.74%
Total Value $4M $12M -66.36%
New Positions 10 10 -
Increased Positions 9 7 +2
Closed Positions 11 12 -1
Reduced Positions 9 12 -3
Total Calls 1 0 100%
Total Puts 1 0 100%
PUT/CALL Ratio 1.0 0.0 Neutral

Statistics: HOWL

View More

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 Q2)

45 + investors

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

QUARTER:
Top 25 HOWL holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 DC Funds, LP 16.92% 589,102 $212K
2 Verdad Advisers, LP 0.12% 348,709 $126K
3 Lynx1 Capital Management LP 0.05% 657,786 $237K
4 Rangeley Capital, LLC 0.03% 100,000 $36K
5 Sphera Funds Management LTD. 0.03% 626,810 $226K
6 Ra Capital Management, L.P. 0.01% 2,387,744 $859K
7 Marest Capital, LLC 0.00% 10,870 $4K
8 MPM BioImpact LLC 0.00% 80,142 $29K
9 XTX Topco Ltd 0.00% 271,478 $98K
10 Ranch Capital Advisors Inc. 0.00% 11,000 $4K
11 Balyasny Asset Management L.P. 0.00% 1,790,089 $644K
12 Financial Perspectives, Inc 0.00% 6,750 $2K
13 StoneX Group Inc. 0.00% 20,000 $9K
14 Renaissance Technologies LLC 0.00% 674,632 $243K
15 Certuity, LLC 0.00% 15,000 $5K
16 Larson Financial Group LLC 0.00% 13,052 $5K
17 HBK Sorce Advisory LLC 0.00% 13,227 $5K
18 Tower Research Capital LLC (TRC) 0.00% 9,897 $4K
19 Alyeska Investment Group, L.P. 0.00% 86,554 $31K
20 Squarepoint Ops LLC 0.00% 103,242 $37K
21 Vanguard Fiduciary Trust Co 0.00% 157,726 $57K
22 UBS Group AG 0.00% 215,838 $78K
23 Vanguard Capital Management LLC 0.00% 1,217,976 $438K
24 Millennium Management LLC 0.00% 62,055 $22K
25 Jane Street Group, LLC 0.00% 251,837 $91K
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 — Werewolf Therapeutics Inc (HOWL)

What does the Smart Money Trend signal show for HOWL?

Selling streak — 6 quarters in a row: For 6 consecutive quarters, more hedge funds reduced or closed their HOWL 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 HOWL?

More sellers than buyers — 49% buying: Last quarter: 20 funds reduced or exited vs 19 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 HOWL holders?

Smaller funds dominant — 12% AUM from top-100: 15 of 45 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held HOWL?

52% of holders stayed for 2+ years: 24 out of 46 hedge funds have held HOWL 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.

Full history →