Leonabio Inc (LONA) Hedge Fund Ownership (Q1 2026)

Q: Is it too late to buy Leonabio Inc (LONA) following the 2026 Q2 hedge fund 13F filings?

As of today, LONA 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), LONA gained -13.3% 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.

Leonabio Inc (LONA)

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

Smart Money Signals — LONA

Based on 37 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their LONA 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 — 88% of 3.0Y peak

88% of all-time peak

37 funds currently hold this stock — 88% of the 3.0-year high of 42 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

🚀

Fast accumulation — +3600% more funds vs a year ago

fund count last 6Q

+36 new funds entered over the past year (+3600% 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.

🟠

More sellers than buyers — 48% buying

15 buying16 selling

Last quarter: 16 funds reduced or exited vs 15 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.

⚠️

Fewer new buyers each quarter (-11 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 0 → 33 → 16 → 5. 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.

🔄

Mostly new holders — 92% entered in last year

■ 8% conviction (2yr+) ■ 0% medium ■ 92% new

Only 3 funds (8%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

💰

Value +41% but shares only +4% — price-driven

Value

+41%

+4%

Last quarter: the total dollar value of institutional holdings rose +41%, but actual share count only changed +4%. 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.

📊

Peak discovery — momentum slowing

0 → 0 → 33 → 16 → 5 new funds/Q

New funds entering each quarter: 0 → 33 → 16 → 5. LONA is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🌱

Early stage — 92% of holders entered in last year

■ 8% veterans ■ 0% 1-2yr ■ 92% new

Of 37 current holders: 34 (92%) entered in the past year, only 3 (8%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.

📋

Smaller funds dominant — 4% AUM from top-100

4% from top-100 AUM funds

13 of 37 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

6.8

out of 10

Moderate Exit Risk

Exit risk score 6.8/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	37	41	-9.76%
13F Shares	6M	6M	3.99%
Total Value	$66M	$47M	41.06%
New Positions	5	16	-11
Increased Positions	10	7	+3
Closed Positions	9	7	+2
Reduced Positions	6	5	+1
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

-9.76%

13F Shares

3.99%

Total Value

$66M

$47M

41.06%

New Positions

-11

Increased Positions

Closed Positions

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

37 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in LONA. 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.

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 LONA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Kalehua Capital Management LLC	2.59%	393,701	$3.6M
2	Acorn Capital Advisors, LLC	1.59%	634,539	$5.8M
3	Propel Bio Management, LLC	0.72%	149,279	$1.4M
4	Spruce Street Capital LP	0.71%	393,701	$3.6M
5	ADAR1 Capital Management, LLC	0.33%	777,100	$7.1M
6	NEA Management Company, LLC	0.27%	464,398	$4.3M
7	Perceptive Advisors LLC	0.26%	1,859,322	$17.1M
8	Commodore Capital LP	0.25%	464,398	$4.3M
9	TCG Crossover Management, LLC	0.10%	464,398	$4.3M
10	Simplify Asset Management Inc.	0.02%	149,279	$1.4M
11	Adage Capital Partners GP, L.L.C.	0.00%	300,000	$2.8M
12	Laird Norton Wetherby Trust Company, LLC	0.00%	21,818	$201K
13	XTX Topco Ltd	0.00%	11,749	$108K
14	Renaissance Technologies LLC	0.00%	77,424	$712K
15	American Capital Advisory, LLC	0.00%	200	$2K
16	Millennium Management LLC	0.00%	32,450	$298K
17	Tower Research Capital LLC (TRC)	0.00%	438	$4K
18	Two Sigma Investments, LP	0.00%	13,276	$122K
19	Vanguard Fiduciary Trust Co	0.00%	42,814	$393K
20	Vanguard Capital Management LLC	0.00%	275,233	$2.5M
21	Rothschild Investment LLC	0.00%	150	$1K
22	Osaic Holdings, INC.	0.00%	4,580	$42K
23	Bank of America Corp /de/	0.00%	32,557	$299K
24	BlackRock, Inc.	0.00%	79,186	$728K
25	Citadel Advisors LLC	0.00%	10,001	$92K

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 — Leonabio Inc (LONA)

What does the Smart Money Trend signal show for LONA?

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

More sellers than buyers — 48% buying: Last quarter: 16 funds reduced or exited vs 15 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 LONA holders?

Smaller funds dominant — 4% AUM from top-100: 13 of 37 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held LONA?

Mostly new holders — 92% entered in last year: Only 3 funds (8%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Leonabio Inc (LONA) following the 2026 Q2 hedge fund 13F filings?

As of today, LONA 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), LONA has gained -13.3% 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.

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Leonabio Inc (LONA)

Smart Money Signals — LONA

Selling streak — 1 quarter in a row

High ownership — 88% of 3.0Y peak

Fast accumulation — +3600% more funds vs a year ago

More sellers than buyers — 48% buying

Fewer new buyers each quarter (-11 vs last Q)

Mostly new holders — 92% entered in last year

Value +41% but shares only +4% — price-driven

Peak discovery — momentum slowing

Early stage — 92% of holders entered in last year

Smaller funds dominant — 4% AUM from top-100

Institutional Sentiment Summary — LONA

Hedge Fund Ownership: LONA

Market Analysis: LONA

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: LONA

Is It Too Late to Buy Leonabio Inc (LONA) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: LONA

Statistics: LONA

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Leonabio Inc (LONA)

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