Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Inspire Med Sys Inc (INSP)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -28
Streak
2Q ▼
Buyers last Q
49%

Smart Money Signals — INSP

Based on 274 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their INSP 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 — 76% of 3.0Y peak

76% of all-time peak
274 funds currently hold this stock — 76% of the 3.0-year high of 361 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 24% fewer funds vs a year ago

fund count last 6Q
85 fewer hedge funds hold INSP compared to a year ago (-24% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 49% buying

169 buying175 selling
Last quarter: 175 funds reduced or exited vs 169 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.
📈

More new buyers each quarter (+13 vs last Q)

new funds entering per quarter
Funds opening a new INSP position: 63 → 95 → 57 → 70. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 19% medium ■ 24% new
156 out of 274 hedge funds have held INSP 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 +9%, value -9%

Value
-9%
Shares
+9%
Last quarter: funds added +9% more shares while total portfolio value only changed -9%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

55 → 63 → 95 → 57 → 70 new funds/Q
New funds entering each quarter: 63 → 95 → 57 → 70. INSP is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 64% veterans vs 24% newcomers

■ 64% veterans ■ 12% 1-2yr ■ 24% new
Entry-cohort mix of 279 holders: 179 (64%) are 2+ year veterans, 33 entered 1–2 years ago, and 67 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 57% AUM from top-100 funds

57% from top-100 AUM funds
53 of 272 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in INSP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.5
out of 10
Low Exit Risk
Exit risk score 2.5/10 — 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 — INSP

In 2026 Q2, 169 hedge funds were net buyers of INSP (70 opened a new position, 99 added to an existing one), while 175 reduced or exited (77 trimmed, 98 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 57% of total institutional value in INSP is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -28 funds (more exits than new entries). Total institutional holders: 274.

Hedge Fund Ownership: INSP

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

Market Analysis: INSP

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: INSP

-- --

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.

13 top-rated funds 1 high-conviction
Consensus
5.0
/ 10
breadth
×
Elite
1.6
/ 10
conviction
Hedge Fund Positioning: INSP
271 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 271 302 -10.26%
13F Shares 37M 35M 5.29%
Total Value $1.60B $1.80B -10.78%
New Positions 70 57 +13
Increased Positions 93 120 -27
Closed Positions 99 98 +1
Reduced Positions 77 99 -22
Total Calls 4 6 -33.33%
Total Puts 3 7 -57.14%
PUT/CALL Ratio 0.75 1.17 Neutral

Statistics: INSP

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Financial Highlights

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Institutional Holders (2026 Q2)

271 + investors

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

QUARTER:
Top 25 INSP holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Soleus Capital Management, L.P. 2.97% 1,931,436 $86.2M
2 Braidwell LP 1.12% 677,570 $30.2M
3 ADAR1 Capital Management, LLC 0.76% 374,617 $16.7M
4 Deerfield Management Company, L.P. 0.60% 1,296,862 $57.9M
5 Rock Springs Capital Management LP 0.53% 244,000 $10.9M
6 Nantahala Capital Management, LLC 0.40% 269,474 $12.0M
7 Brown Capital Management LLC 0.39% 43,951 $2.0M
8 Van Diest Capital, LLC 0.27% 6,654 $297K
9 Hedges Asset Management LLC 0.25% 8,700 $388K
10 Exit Wealth Advisors, LLC. 0.25% 12,218 $545K
11 VARCOV Co. 0.20% 12,066 $538K
12 Odyssean, LLC 0.19% 26,282 $1.2M
13 Edgestream Partners, L.P. 0.18% 133,766 $6.0M
14 Integral Health Asset Management, LLC 0.18% 100,000 $4.5M
15 DAFNA Capital Management LLC 0.15% 18,200 $812K
16 Axq Capital, LP 0.14% 29,630 $1.3M
17 Bayforest Capital Ltd 0.13% 3,240 $145K
18 AlphaGrep UK Ltd 0.09% 2,774 $256K
19 Oak Thistle LLC 0.08% 17,805 $794K
20 Nomura Holdings Inc 0.07% 1,369,410 $61.1M
21 Tactive Advisors, LLC 0.07% 6,430 $287K
22 Entropy Technologies, LP 0.07% 37,293 $1.7M
23 Inceptionr LLC 0.07% 5,967 $266K
24 Susquehanna Portfolio Strategies, LLC 0.06% 87,185 $3.9M
25 Voleon Capital Management LP 0.06% 72,218 $3.2M
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 — Inspire Med Sys Inc (INSP)

What does the Smart Money Trend signal show for INSP?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their INSP 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 INSP?

More sellers than buyers — 49% buying: Last quarter: 175 funds reduced or exited vs 169 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 INSP holders?

Elite ownership — 57% AUM from top-100 funds: 53 of 272 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in INSP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held INSP?

57% of holders stayed for 2+ years: 156 out of 274 hedge funds have held INSP 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.

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