Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

IMMUNIC INC (IMUX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
1Q ▼
Buyers last Q
58%

Smart Money Signals — IMUX

Based on 60 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their IMUX 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 — 92% of 3.0Y peak

92% of all-time peak
60 funds currently hold this stock — 92% of the 3.0-year high of 65 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 8% fewer funds vs a year ago

fund count last 6Q
5 fewer hedge funds hold IMUX compared to a year ago (-8% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 58% buying

28 buying20 selling
Last quarter: 28 funds bought or added vs 20 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 (-9 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 13 → 7 → 17 → 8. 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.
🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 30% medium ■ 17% new
32 out of 60 hedge funds have held IMUX 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 +20%, value -24%

Value
-24%
Shares
+20%
Last quarter: funds added +20% more shares while total portfolio value only changed -24%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~8 new funds/quarter

11 → 13 → 7 → 17 → 8 new funds/Q
New funds entering each quarter: 13 → 7 → 17 → 8. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 60% of holders stayed 2+ years

■ 60% veterans ■ 8% 1-2yr ■ 32% new
Of 63 current holders: 38 (60%) 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 — 27% AUM from major funds

27% from top-100 AUM funds
20 of 60 holders rank in the top 100 by AUM, accounting for 27% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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 — IMUX

In 2025 Q4, 28 hedge funds were net buyers of IMUX (8 opened a new position, 20 added to an existing one), while 20 reduced or exited (9 trimmed, 11 sold completely) — a 58% buyer ratio, indicating a slight buying edge. 27% of total institutional value in IMUX is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 60.

Hedge Fund Ownership: IMUX

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

Market Analysis: IMUX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: IMUX

-- --

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.

14 top-rated funds 0 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: IMUX
2026 Q1 Stats Unlock in 3 days 61 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 61 62 -1.61%
13F Shares 51M 43M 20.15%
Total Value $29M $38M -24.47%
New Positions 8 17 -9
Increased Positions 22 15 +7
Closed Positions 10 9 +1
Reduced Positions 13 9 +4
Total Calls 3 3 -
Total Puts 1 1 -
PUT/CALL Ratio 0.33 0.33 Bullish

Statistics: IMUX

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Valuation Measures Data as of: --

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Financial Highlights

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Institutional Holders (2026 Q1)

61 + investors

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

QUARTER:
Top 25 institutional holders of IMUX — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Propel Bio Management, LLC 1.65% 2,344,779 $2.6M
2 Avidity Partners Management LP 1.46% 669,941 $6.4M
3 BVF INC/IL 0.27% 7,652,972 $8.5M
4 Soleus Capital Management, L.P. 0.20% 4,500,000 $5.0M
5 Laurion Capital Management LP 0.19% 3,882,162 $4.3M
6 683 Capital Management, LLC 0.14% 2,450,000 $2.7M
7 Nantahala Capital Management, LLC 0.10% 2,506,491 $2.8M
8 Ikarian Capital, LLC 0.06% 674,662 $749K
9 Scientech Research LLC 0.02% 26,635 $30K
10 Aberdeen Group plc 0.01% 8,243,941 $9.2M
11 Strategies Wealth Advisors, LLC 0.01% 100,000 $111K
12 LINCOLN CAPITAL CORP 0.01% 20,400 $23K
13 Simplify Asset Management Inc. 0.01% 438,932 $487K
14 Virtu Financial LLC 0.01% 113,366 —
15 Woodline Partners LP 0.00% 967,152 $1.1M
16 AXQ CAPITAL, LP 0.00% 18,151 $20K
17 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% 1,398,600 $1.6M
18 Balboa Wealth Partners 0.00% 12,000 $13K
19 MILLENNIUM MANAGEMENT LLC 0.00% 3,779,922 $4.2M
20 RENAISSANCE TECHNOLOGIES LLC 0.00% 919,164 $1.0M
21 HRT FINANCIAL LP 0.00% 493,393 $547K
22 OMERS ADMINISTRATION Corp 0.00% 168,300 $187K
23 Crescent Grove Advisors, LLC 0.00% 10,000 $11K
24 Tower Research Capital LLC (TRC) 0.00% 32,868 $36K
25 Graham Capital Management, L.P. 0.00% 33,297 $37K
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 — IMMUNIC INC (IMUX)

What does the Smart Money Trend signal show for IMUX?

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

Slight buying edge — 58% buying: Last quarter: 28 funds bought or added vs 20 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 IMUX holders?

Strong quality — 27% AUM from major funds: 20 of 60 holders rank in the top 100 by AUM, accounting for 27% 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 IMUX?

53% of holders stayed for 2+ years: 32 out of 60 hedge funds have held IMUX 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.