Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Mdu Res Group Inc (MDU)

412 + Investors. Track Smart Money conviction in MDU. 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
59%

Smart Money Signals — MDU

Based on 417 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 MDU 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
417 hedge funds hold MDU 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 — +6% more funds vs a year ago

fund count last 6Q
+22 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 59% buying

219 buying155 selling
Last quarter: 219 funds bought or added vs 155 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.
⚠️

Fewer new buyers each quarter (-14 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 63 → 53 → 73 → 59. 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.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 17% medium ■ 19% new
270 out of 417 hedge funds have held MDU 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.
📈

Growing discovery — still being found

65 → 63 → 53 → 73 → 59 new funds/Q
New funds entering each quarter: 63 → 53 → 73 → 59. A growing number of institutions are discovering MDU each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 68% veterans vs 23% newcomers

■ 68% veterans ■ 9% 1-2yr ■ 23% new
Entry-cohort mix of 417 holders: 285 (68%) are 2+ year veterans, 36 entered 1–2 years ago, and 96 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
52 of 417 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in MDU. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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 — MDU

In 2026 Q1, 219 hedge funds were net buyers of MDU (59 opened a new position, 160 added to an existing one), while 155 reduced or exited (105 trimmed, 50 sold completely) — a 59% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 46% of total institutional value in MDU 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: 417.

Hedge Fund Ownership: MDU

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

Market Analysis: MDU

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: MDU

-- --

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.

26 top-rated funds 1 high-conviction
Consensus
6.2
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: MDU
2026 Q2 Stats Unlock in 1 days 412 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 412 406 1.48%
13F Shares 191M 193M -1.03%
Total Value $3.80B $3.76B 1.03%
New Positions 57 73 -16
Increased Positions 158 147 +11
Closed Positions 51 63 -12
Reduced Positions 105 115 -10
Total Calls 0 3 -100.0%
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 0.33 Bullish

Statistics: MDU

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

412 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in MDU. 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.
Top 25 MDU holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 HITE Hedge Asset Management LLC 3.64% 3,137,305 $66.5M
2 Beck Bode, LLC 2.79% 868,285 $18.4M
3 Vennlight Capital Management, LP 2.62% 184,163 $3.9M
4 Managed Asset Portfolios, LLC 2.52% 1,040,108 $22.1M
5 Hudson Value Partners, LLC 1.85% 348,073 $7.4M
6 Riverwater Partners LLC 0.96% 151,810 $3.2M
7 Phocas Financial Corp. 0.95% 322,253 $6.8M
8 John G Ullman & Associates Inc 0.92% 358,848 $7.6M
9 Barrow Hanley Mewhinney & Strauss LLC 0.84% 13,056,724 $276.9M
10 Bragg Financial Advisors, Inc 0.82% 1,451,057 $30.8M
11 River Road Asset Management, LLC 0.80% 3,403,955 $72.2M
12 Earnest Partners LLC 0.74% 9,726,856 $206.3M
13 iSAM Funds (UK) Ltd 0.64% 42,900 $910K
14 Register Financial Advisors LLC 0.57% 87,603 $1.9M
15 Clark Financial Services Group Inc /Bd 0.52% 52,269 $1.1M
16 Westwood Holdings Group Inc 0.51% 3,221,909 $68.3M
17 Friedenthal Financial 0.50% 51,385 $1.1M
18 Needham Investment Management LLC 0.42% 665,000 $14.1M
19 Polymer Capital Management (US) LLC 0.42% 149,061 $3.2M
20 Perpetual Ltd 0.41% 1,369,442 $29.0M
21 Frontier Capital Management Co LLC 0.39% 1,987,666 $42.2M
22 Oak Thistle LLC 0.39% 190,399 $4.0M
23 Covalis Capital LLP 0.38% 320,176 $6.8M
24 Cladis Investment Advisory, LLC 0.36% 36,730 $779K
25 MQS Management LLC 0.34% 13,266 $281K
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 — Mdu Res Group Inc (MDU)

What does the Smart Money Trend signal show for MDU?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added MDU 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 MDU?

Slight buying edge — 59% buying: Last quarter: 219 funds bought or added vs 155 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 MDU holders?

Elite ownership — 46% AUM from top-100 funds: 52 of 417 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in MDU. 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 MDU?

65% of holders stayed for 2+ years: 270 out of 417 hedge funds have held MDU 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.

Full history →