Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innoviva Inc (INVA)

304 + 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
↑ +9
Streak
2Q ▲
Buyers last Q
57%

Smart Money Signals — INVA

Based on 284 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 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
284 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.
📶

Steady growth — +18% more funds vs a year ago

fund count last 6Q
+43 new funds entered over the past year (+18% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

168 buying125 selling
Last quarter: 168 funds bought or added vs 125 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.
➡️

Steady new buyers — ~49 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 48 → 37 → 49 → 49. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 18% medium ■ 22% new
170 out of 284 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.
💰

Value +15% but shares only +0% — price-driven

Value
+15%
Shares
+0%
Last quarter: the total dollar value of institutional holdings rose +15%, but actual share count only changed +0%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

42 → 48 → 37 → 49 → 49 new funds/Q
New funds entering each quarter: 48 → 37 → 49 → 49. A growing number of institutions are discovering INVA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 64% veterans vs 26% newcomers

■ 64% veterans ■ 10% 1-2yr ■ 26% new
Entry-cohort mix of 286 holders: 182 (64%) are 2+ year veterans, 29 entered 1–2 years ago, and 75 (26%) 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
54 of 284 holders are among the 100 largest funds by AUM, controlling 57% 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.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 2026 Q1, 168 hedge funds were net buyers of INVA (49 opened a new position, 119 added to an existing one), while 125 reduced or exited (85 trimmed, 40 sold completely) — a 57% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 57% of total institutional value in INVA is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +9 funds (more new holders than closures). Total institutional holders: 284.

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.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

11 top-rated funds 0 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
0.9
/ 10
conviction
Hedge Fund Positioning: INVA
304 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 304 284 7.04%
13F Shares 75M 75M -0.42%
Total Value $1.66B $1.72B -3.42%
New Positions 50 49 +1
Increased Positions 128 118 +10
Closed Positions 30 40 -10
Reduced Positions 83 84 -1
Total Calls 1 2 -50.0%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: INVA

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Financial Highlights

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Institutional Holders (2026 Q2)

304 + 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 INVA holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sarissa Capital Management LP 24.14% 1,890,604 $42.9M
2 Systematic Financial Management LP 0.92% 2,023,565 $46.0M
3 Lion Point Capital, LP 0.89% 8,200 $186K
4 Uniplan Investment Counsel, Inc. 0.56% 264,211 $6.0M
5 Hussman Strategic Advisors, INC. 0.55% 105,000 $2.4M
6 Watershed Asset Management, L.L.C. 0.41% 20,366 $463K
7 Virtus Advisers, LLC 0.27% 30,614 $695K
8 Royce & Associates LP 0.21% 1,172,690 $26.6M
9 Oliver Luxxe Assets LLC 0.20% 58,957 $1.3M
10 James Investment Research, INC. 0.19% 81,609 $1.9M
11 Edgestream Partners, L.P. 0.18% 269,348 $6.1M
12 denkapparat Operations GmbH 0.17% 23,428 $532K
13 Synergy Asset Management, LLC 0.17% 81,077 $1.8M
14 New Vernon Capital Holdings II LLC 0.16% 13,122 $298K
15 Kendall Capital Management 0.15% 38,580 $876K
16 Bridgeway Capital Management, LLC 0.14% 350,253 $8.0M
17 Linden Thomas Advisory Services, LLC 0.14% 75,215 $1.7M
18 Renaissance Technologies LLC 0.13% 4,036,532 $91.7M
19 Headlands Technologies LLC 0.12% 49,033 $1.1M
20 Gallacher Capital Management LLC 0.12% 9,067 $206K
21 Axq Capital, LP 0.09% 36,399 $827K
22 Martingale Asset Management L P 0.09% 165,115 $3.7M
23 Aquatic Capital Management LLC 0.07% 93,034 $2.1M
24 Fox Run Management, L.L.C. 0.06% 16,512 $375K
25 Susquehanna Portfolio Strategies, LLC 0.05% 126,126 $2.9M
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 — 2 quarters in a row: For 2 consecutive quarters, 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 — 57% buying: Last quarter: 168 funds bought or added vs 125 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 — 57% AUM from top-100 funds: 54 of 284 holders are among the 100 largest funds by AUM, controlling 57% 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?

60% of holders stayed for 2+ years: 170 out of 284 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.

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