Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Marchex Inc (MCHX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
2Q ▼
Buyers last Q
60%

Smart Money Signals — MCHX

Based on 26 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their MCHX 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 — 81% of 3.0Y peak

81% of all-time peak
26 funds currently hold this stock — 81% of the 3.0-year high of 32 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 19% fewer funds vs a year ago

fund count last 6Q
6 fewer hedge funds hold MCHX compared to a year ago (-19% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟢

More buyers than sellers — 60% buying

12 buying8 selling
Last quarter: 12 funds were net buyers (4 opened a brand new position + 8 added to an existing one). Only 8 were sellers (3 trimmed + 5 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~4 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 2 → 4 → 2 → 4. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

69% of holders stayed for 2+ years

■ 69% conviction (2yr+) ■ 12% medium ■ 19% new
18 out of 26 hedge funds have held MCHX 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 — ~4 new funds/quarter

4 → 2 → 4 → 2 → 4 new funds/Q
New funds entering each quarter: 2 → 4 → 2 → 4. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 65% veterans vs 23% newcomers

■ 65% veterans ■ 12% 1-2yr ■ 23% new
Entry-cohort mix of 26 holders: 17 (65%) are 2+ year veterans, 3 entered 1–2 years ago, and 6 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 4% AUM from top-100

4% from top-100 AUM funds
12 of 26 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.
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 — MCHX

In 2026 Q1, 12 hedge funds were net buyers of MCHX (4 opened a new position, 8 added to an existing one), while 8 reduced or exited (3 trimmed, 5 sold completely) — a 60% buyer ratio, indicating clear institutional accumulation. Net selling has persisted for two consecutive quarters. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 26.

Hedge Fund Ownership: MCHX

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

Market Analysis: MCHX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: MCHX

-- --

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

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

Signal Freshness measures how much MCHX has moved relative to its sector benchmark (XLC) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 85d ago
MCHX
-3.2%
XLC
-3.4%

MCHX outperformed XLC by +0.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 40d ago
MCHX
-7.4%
XLC
-7.7%

Since the filing became public, MCHX outperformed XLC by +0.3% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 1 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: MCHX
26 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 26 27 -3.7%
13F Shares 21M 21M 0.36%
Total Value $33M $35M -7.28%
New Positions 4 2 +2
Increased Positions 8 5 +3
Closed Positions 5 5 -
Reduced Positions 3 6 -3
Total Calls 0 1 -100.0%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: MCHX

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Beta (5Y Monthly) --
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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

26 + investors

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

QUARTER:
Top 20 MCHX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Acuitas Investments, LLC 14.70% 133,702 $207K
2 Edenbrook Capital, LLC 7.08% 14,664,380 $22.7M
3 P.A.W. Capital Corp 1.69% 400,000 $620K
4 Kanen Wealth Management LLC 0.72% 1,300,388 $2.0M
5 Marathon Capital Management 0.02% 61,500 $95K
6 Renaissance Technologies LLC 0.00% 1,605,904 $2.5M
7 Black Diamond Financial, LLC 0.00% 20,000 $31K
8 Bridgeway Capital Management, LLC 0.00% 56,828 $88K
9 Independent Advisor Alliance 0.00% 10,000 $16K
10 Tower Research Capital LLC (TRC) 0.00% 2,091 $3K
11 Vanguard Fiduciary Trust Co 0.00% 202,178 $313K
12 Vanguard Capital Management LLC 0.00% 1,081,336 $1.7M
13 BlackRock, Inc. 0.00% 639,995 $992K
14 LPL Financial LLC 0.00% 31,190 $48K
15 Goldman Sachs Group Inc 0.00% 47,428 $74K
16 Citadel Advisors LLC 0.00% 16,629 $26K
17 Morgan Stanley 0.00% 33,136 $51K
18 UBS Group AG 0.00% 626 —
19 BNP Paribas Financial Markets 0.00% 2 —
20 Wells Fargo & Company/Mn 0.00% 1 —
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 — Marchex Inc (MCHX)

What does the Smart Money Trend signal show for MCHX?

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

More buyers than sellers — 60% buying: Last quarter: 12 funds were net buyers (4 opened a brand new position + 8 added to an existing one). Only 8 were sellers (3 trimmed + 5 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for MCHX holders?

Smaller funds dominant — 4% AUM from top-100: 12 of 26 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 MCHX?

69% of holders stayed for 2+ years: 18 out of 26 hedge funds have held MCHX 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.

Is it too late to buy Marchex Inc (MCHX) following the 2026 Q1 hedge fund 13F filings?

As of today, MCHX has moved -7.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to -7.7% for the XLC sector ETF — an outperformance of +0.3%. Since the quarter end (March 31, 2026), MCHX has gained -3.2% vs -3.4% for XLC. 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.

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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