Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Moonlake Immunotherapeutics (MLTX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +22
Streak
2Q ▲
Buyers last Q
63%

Smart Money Signals — MLTX

Based on 170 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added MLTX 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
170 hedge funds hold MLTX 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 — +26% more funds vs a year ago

fund count last 6Q
+35 new funds entered over the past year (+26% 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 buyers than sellers — 63% buying

118 buying69 selling
Last quarter: 118 funds were net buyers (45 opened a brand new position + 73 added to an existing one). Only 69 were sellers (46 trimmed + 23 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~45 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 51 → 43 → 41 → 45. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 32% long-term, 37% new

■ 32% conviction (2yr+) ■ 31% medium ■ 37% new
Of the 170 current holders: 54 (32%) held >2 years, 53 held 1–2 years, and 63 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
➡️

Steady discovery — ~45 new funds/quarter

22 → 51 → 43 → 41 → 45 new funds/Q
New funds entering each quarter: 51 → 43 → 41 → 45. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 49% veterans vs 40% newcomers

■ 49% veterans ■ 10% 1-2yr ■ 40% new
Entry-cohort mix of 181 holders: 89 (49%) are 2+ year veterans, 19 entered 1–2 years ago, and 73 (40%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 22% AUM from major funds

22% from top-100 AUM funds
34 of 167 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — 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.

Institutional Sentiment Summary — MLTX

In 2026 Q2, 118 hedge funds were net buyers of MLTX (45 opened a new position, 73 added to an existing one), while 69 reduced or exited (46 trimmed, 23 sold completely) — a 63% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. 22% of total institutional value in MLTX is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +22 funds (more new holders than closures). Total institutional holders: 170.

Hedge Fund Ownership: MLTX

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

Market Analysis: MLTX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: MLTX

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

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

7 top-rated funds 9 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
5.3
/ 10
conviction
Hedge Fund Positioning: MLTX
167 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 167 148 12.84%
13F Shares 72M 64M 12.76%
Total Value $1.30B $1.16B 11.69%
New Positions 45 41 +4
Increased Positions 70 45 +25
Closed Positions 23 25 -2
Reduced Positions 42 46 -4
Total Calls 9 8 12.5%
Total Puts 5 4 25.0%
PUT/CALL Ratio 0.56 0.5 Bullish

Statistics: MLTX

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Institutional Holders (2026 Q2)

167 + investors

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

QUARTER:
Top 25 MLTX holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Bvf Inc/Il 7.97% 16,001,284 $311.5M
2 Lion Point Capital, LP 6.29% 67,500 $1.3M
3 Cormorant Asset Management, LP 3.20% 3,205,433 $62.4M
4 Great Point Partners LLC 3.15% 855,813 $16.7M
5 Acuta Capital Partners, LLC 2.93% 215,652 $4.2M
6 Vivo Capital, LLC 2.49% 1,400,000 $27.3M
7 Kalehua Capital Management LLC 2.45% 175,734 $3.4M
8 Monashee Investment Management LLC 2.45% 75,000 $1.5M
9 Trails Edge Capital Partners, LP 2.32% 750,000 $14.6M
10 Logos Global Management LP 2.24% 2,675,000 $52.1M
11 Exome Asset Management LLC 2.00% 166,493 $3.2M
12 Deep Track Capital, LP 1.98% 6,999,025 $136.3M
13 MPM BioImpact LLC 1.91% 1,606,967 $31.3M
14 HighVista Strategies LLC 0.83% 187,946 $3.7M
15 Rhenman & Partners Asset Management AB 0.71% 384,800 $7.5M
16 Capricorn Fund Managers Ltd 0.57% 374,866 $7.3M
17 Stonepine Capital Management, LLC 0.46% 50,000 $974K
18 Heights Capital Management, Inc 0.45% 100,000 $1.9M
19 Boxer Capital Management, LLC 0.40% 275,000 $5.4M
20 Granahan Investment Management, LLC 0.22% 313,884 $6.1M
21 Crystal Cove Asset Management, LLC 0.21% 10,000 $195K
22 Burkehill Global Management, LP 0.18% 250,000 $4.9M
23 Rice Hall James & Associates, LLC 0.17% 183,801 $3.6M
24 Headlands Technologies LLC 0.12% 57,087 $1.1M
25 Sound Capital Solutions LLC 0.11% 24,335 $474K
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 — Moonlake Immunotherapeutics (MLTX)

What does the Smart Money Trend signal show for MLTX?

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

More buyers than sellers — 63% buying: Last quarter: 118 funds were net buyers (45 opened a brand new position + 73 added to an existing one). Only 69 were sellers (46 trimmed + 23 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for MLTX holders?

Strong quality — 22% AUM from major funds: 34 of 167 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held MLTX?

Mixed — 32% long-term, 37% new: Of the 170 current holders: 54 (32%) held >2 years, 53 held 1–2 years, and 63 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

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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