Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Immatics N.V (IMTX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +5
Streak
2Q ▲
Buyers last Q
57%

Smart Money Signals — IMTX

Based on 82 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added IMTX 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.
📊

High ownership — 91% of 3.0Y peak

91% of all-time peak
82 funds currently hold this stock — 91% of the 3.0-year high of 90 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +6% more funds vs a year ago

fund count last 6Q
+5 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

43 buying33 selling
Last quarter: 43 funds bought or added vs 33 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.
⚠️

Fewer new buyers each quarter (-6 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 15 → 10 → 21 → 15. 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.
🔒

51% of holders stayed for 2+ years

■ 51% conviction (2yr+) ■ 28% medium ■ 21% new
42 out of 82 hedge funds have held IMTX 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 +25%, value -7%

Value
-6%
Shares
+24%
Last quarter: funds added +25% more shares while total portfolio value only changed -7%. 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

15 → 15 → 10 → 21 → 15 new funds/Q
New funds entering each quarter: 15 → 10 → 21 → 15. A growing number of institutions are discovering IMTX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 57% veterans vs 25% newcomers

■ 57% veterans ■ 18% 1-2yr ■ 25% new
Entry-cohort mix of 83 holders: 47 (57%) are 2+ year veterans, 15 entered 1–2 years ago, and 21 (25%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 9% AUM from top-100

9% from top-100 AUM funds
22 of 82 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — 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 — IMTX

In 2026 Q1, 43 hedge funds were net buyers of IMTX (15 opened a new position, 28 added to an existing one), while 33 reduced or exited (23 trimmed, 10 sold completely) — a 57% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. Net fund flow last quarter: +5 funds (more new holders than closures). Total institutional holders: 82.

Hedge Fund Ownership: IMTX

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

Market Analysis: IMTX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: IMTX

-- --

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

Is It Too Late to Buy Immatics N.V (IMTX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much IMTX has moved relative to its sector benchmark (XLV) since the 2026 Q2 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 June 30, 2026 · 46d ago
IMTX
-6.8%
XLV
+5.5%

IMTX outperformed XLV by -12.3% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 1d ago
IMTX
+0.0%
XLV
+0.0%

Since the filing became public, IMTX outperformed XLV by +0.0% .

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.

6 top-rated funds 0 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
1.2
/ 10
conviction
Hedge Fund Positioning: IMTX
2026 Q2 Stats Unlock in 4 days 82 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 82 77 6.49%
13F Shares 108M 87M 24.59%
Total Value $843M $903M -6.62%
New Positions 15 21 -6
Increased Positions 28 28 -
Closed Positions 10 9 +1
Reduced Positions 22 20 +2
Total Calls 1 3 -66.67%
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 0.33 Bullish

Statistics: IMTX

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Valuation Measures Data as of: --

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Enterprise Value --
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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)

82 + investors

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

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 IMTX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Montanova Capital, LLC 2.07% 11,190,129 $113.4M
2 Sofinnova Investments, Inc. 1.92% 3,669,346 $37.2M
3 Sectoral Asset Management Inc 1.59% 224,928 $2.3M
4 Perceptive Advisors LLC 1.58% 10,383,456 $105.2M
5 Vestal Point Capital, LP 1.46% 6,175,000 $62.6M
6 Rtw Investments, LP 1.12% 12,946,176 $131.1M
7 Sphera Funds Management LTD. 0.95% 720,057 $7.3M
8 University of Texas/Texas AM Investment Management Co 0.82% 697,431 $7.1M
9 Baker BROS. Advisors LP 0.48% 9,508,565 $96.3M
10 Boxer Capital Management, LLC 0.36% 475,000 $4.8M
11 Ishara Investments LP 0.23% 30,750 $311K
12 DAFNA Capital Management LLC 0.23% 116,960 $1.2M
13 Atom Investors LP 0.19% 216,365 $2.2M
14 MYDA Advisors LLC 0.18% 120,000 $1.2M
15 Brandywine Managers, LLC 0.13% 25,227 $256K
16 Verdad Advisers, LP 0.10% 10,483 $106K
17 Virtus Investment Advisers, LLC 0.08% 34,882 $353K
18 Burkehill Global Management, LP 0.05% 150,000 $1.5M
19 Ikarian Capital, LLC 0.05% 48,569 $492K
20 Fox Run Management, L.L.C. 0.04% 23,694 $240K
21 SummitTX Capital, L.P. 0.04% 146,351 $1.5M
22 Wasatch Advisors LP 0.03% 441,510 $4.5M
23 Moore Capital Management, LP 0.03% 192,770 $2.0M
24 Woodline Partners LP 0.03% 900,736 $9.1M
25 Point72 Asset Management, L.P. 0.02% 1,449,597 $14.7M
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 — Immatics N.V (IMTX)

What does the Smart Money Trend signal show for IMTX?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added IMTX 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 IMTX?

Slight buying edge — 57% buying: Last quarter: 43 funds bought or added vs 33 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 IMTX holders?

Smaller funds dominant — 9% AUM from top-100: 22 of 82 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held IMTX?

51% of holders stayed for 2+ years: 42 out of 82 hedge funds have held IMTX 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.

Is it too late to buy Immatics N.V (IMTX) following the 2026 Q2 hedge fund 13F filings?

As of today, IMTX has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the XLV sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), IMTX has gained -6.8% vs +5.5% for XLV. 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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