Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INNOVIVA INC (INVA)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +20
Streak
1Q ▲
Buyers last Q
56%

Smart Money Signals — INVA

Based on 264 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added INVA 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.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
264 hedge funds hold INVA 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.
🚀

Fast accumulation — +21% more funds vs a year ago

fund count last 6Q
+46 new funds entered over the past year (+21% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 56% buying

146 buying113 selling
Last quarter: 146 funds bought or added vs 113 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.
📈

More new buyers each quarter (+10 vs last Q)

new funds entering per quarter
Funds opening a new INVA position: 41 → 48 → 37 → 47. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 17% medium ■ 19% new
169 out of 264 hedge funds have held INVA 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.
➡️

Steady discovery — ~47 new funds/quarter

31 → 41 → 48 → 37 → 47 new funds/Q
New funds entering each quarter: 41 → 48 → 37 → 47. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 69% of holders stayed 2+ years

■ 69% veterans ■ 9% 1-2yr ■ 22% new
Of 265 current holders: 183 (69%) 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.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
40 of 264 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in INVA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 — INVA

In 2025 Q4, 146 hedge funds were net buyers of INVA (47 opened a new position, 99 added to an existing one), while 113 reduced or exited (86 trimmed, 27 sold completely) — a 56% buyer ratio, indicating a slight buying edge. 46% of total institutional value in INVA is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +20 funds (more new holders than closures). Total institutional holders: 264.

Hedge Fund Ownership: INVA

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

Market Analysis: INVA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: INVA

-- --

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

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

48 top-rated funds 0 high-conviction
Consensus
7.3
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: INVA
2026 Q1 Stats Unlock in 4 days 265 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 265 248 6.85%
13F Shares 75M 75M -0.96%
Total Value $1.49B $1.37B 8.41%
New Positions 47 37 +10
Increased Positions 101 96 +5
Closed Positions 27 43 -16
Reduced Positions 89 88 +1
Total Calls 1 1 -
Total Puts 0 3 -100.0%
PUT/CALL Ratio 0.0 3.0 Bullish

Statistics: INVA

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Valuation Measures Data as of: --

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

265 + investors

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

QUARTER:
Top 25 institutional holders of INVA — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sarissa Capital Management LP 31.50% 2,130,950 $49.7M
2 Dauntless Investment Group, LLC 1.89% 122,402 $2.9M
3 Lion Point Capital, LP 1.14% 8,200 $191K
4 SYSTEMATIC FINANCIAL MANAGEMENT LP 1.08% 2,024,082 $47.2M
5 HUSSMAN STRATEGIC ADVISORS, INC. 0.74% 147,000 $3.4M
6 Uniplan Investment Counsel, Inc. 0.55% 229,338 $5.3M
7 Watershed Asset Management, L.L.C. 0.49% 20,366 $475K
8 CHASE INVESTMENT COUNSEL CORP 0.43% 70,000 $1.6M
9 nVerses Capital, LLC 0.34% 15,888 $370K
10 Oliver Luxxe Assets LLC 0.30% 84,960 $2.0M
11 VIRTUS ADVISERS, LLC 0.29% 26,946 $628K
12 ROYCE & ASSOCIATES LP 0.24% 1,061,448 $24.7M
13 denkapparat Operations GmbH 0.23% 23,428 $546K
14 New Vernon Capital Holdings II LLC 0.23% 13,122 $306K
15 JAMES INVESTMENT RESEARCH, INC. 0.20% 77,227 $1.8M
16 CX Institutional 0.20% 277,532 $6K
17 Synergy Asset Management, LLC 0.19% 76,340 $1.8M
18 Kendall Capital Management 0.17% 35,285 $822K
19 RENAISSANCE TECHNOLOGIES LLC 0.15% 4,055,632 $94.5M
20 iSAM Funds (UK) Ltd 0.12% 10,323 $241K
21 FOX RUN MANAGEMENT, L.L.C. 0.10% 25,798 $591K
22 MARTINGALE ASSET MANAGEMENT L P 0.07% 125,693 $2.9M
23 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.04% 574,825 $13.4M
24 Boston Partners 0.04% 1,718,867 $40.0M
25 Dynamic Technology Lab Private Ltd 0.04% 10,710 $250K
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 — INNOVIVA INC (INVA)

What does the Smart Money Trend signal show for INVA?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added INVA 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 INVA?

Slight buying edge — 56% buying: Last quarter: 146 funds bought or added vs 113 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 INVA holders?

Elite ownership — 46% AUM from top-100 funds: 40 of 264 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in INVA. 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 INVA?

64% of holders stayed for 2+ years: 169 out of 264 hedge funds have held INVA 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.