Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Merit Med Sys Inc (MMSI)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +16
Streak
3Q ▲
Buyers last Q
56%

Smart Money Signals — MMSI

Based on 402 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added MMSI 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
402 hedge funds hold MMSI 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 — +7% more funds vs a year ago

fund count last 6Q
+28 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 56% buying

234 buying181 selling
Last quarter: 234 funds bought or added vs 181 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 — ~71 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 51 → 54 → 67 → 71. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 23% medium ■ 19% new
231 out of 402 hedge funds have held MMSI 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.
💎

Buying through price weakness — shares -4%, value -25%

Value
-25%
Shares
-3%
Last quarter: funds added -4% more shares while total portfolio value only changed -25%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

57 → 51 → 54 → 67 → 71 new funds/Q
New funds entering each quarter: 51 → 54 → 67 → 71. A growing number of institutions are discovering MMSI each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 62% veterans vs 23% newcomers

■ 62% veterans ■ 15% 1-2yr ■ 23% new
Entry-cohort mix of 403 holders: 250 (62%) are 2+ year veterans, 59 entered 1–2 years ago, and 94 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 48% AUM from top-100 funds

48% from top-100 AUM funds
55 of 401 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in MMSI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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 — MMSI

In 2026 Q1, 234 hedge funds were net buyers of MMSI (71 opened a new position, 163 added to an existing one), while 181 reduced or exited (126 trimmed, 55 sold completely) — a 56% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 48% of total institutional value in MMSI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +16 funds (more new holders than closures). Total institutional holders: 402.

Hedge Fund Ownership: MMSI

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

Market Analysis: MMSI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: MMSI

-- --

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

Is It Too Late to Buy Merit Med Sys Inc (MMSI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much MMSI has moved relative to its sector benchmark (XLV) since the 2026 Q2 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 June 30, 2026 · 47d ago
MMSI
+30.9%
XLV
+5.5%

MMSI outperformed XLV by +25.4% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 2d ago
MMSI
+0.0%
XLV
+0.0%

Since the filing became public, MMSI outperformed XLV by +0.0% .

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.

25 top-rated funds 0 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
0.9
/ 10
conviction
Hedge Fund Positioning: MMSI
2026 Q2 Stats Unlock in 3 days 398 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 398 385 3.38%
13F Shares 60M 63M -4.67%
Total Value $4.04B $5.48B -26.31%
New Positions 70 67 +3
Increased Positions 158 170 -12
Closed Positions 57 56 +1
Reduced Positions 123 111 +12
Total Calls 1 6 -83.33%
Total Puts 1 2 -50.0%
PUT/CALL Ratio 1.0 0.33 Neutral

Statistics: MMSI

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
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Income Statement & Cash Flow
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Net Income Avi to Common (ttm) --
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Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q2)

398 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in MMSI. 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 MMSI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Greenhouse Funds LLLP 3.80% 1,072,098 $74.3M
2 Conestoga Capital Advisors, LLC 2.99% 1,979,790 $137.3M
3 Irenic Capital Management LP 1.81% 542,589 $37.6M
4 Aristotle Capital Boston, LLC 1.47% 316,536 $21.9M
5 SG Capital Management LLC 1.39% 243,504 $16.9M
6 PFM Health Sciences, LP 1.17% 197,038 $13.7M
7 Thrive Capital Management, LLC 0.91% 69,350 $4.8M
8 Peak Retirement Planning, Inc. 0.81% 74,008 $5.1M
9 Champlain Investment Partners, LLC 0.72% 403,922 $28.0M
10 Martin & Co Inc /Tn/ 0.71% 65,628 $4.6M
11 Oberweis Asset Management Inc/ 0.68% 473,409 $32.8M
12 Maverick Capital Ltd 0.60% 978,617 $67.9M
13 Ranger Investment Management, L.P. 0.57% 130,447 $9.0M
14 Riverwater Partners LLC 0.54% 26,292 $1.8M
15 Westwood Holdings Group Inc 0.53% 1,011,377 $70.1M
16 Congress Asset Management Co 0.51% 1,184,337 $82.1M
17 Karras Company, Inc. 0.50% 7,950 $551K
18 Winnacle Wealth LLC 0.44% 9,388 $651K
19 J. Goldman & Co LP 0.43% 242,787 $16.8M
20 Renaissance Group LLC 0.34% 121,170 $8.4M
21 Oakmont Advisory Group, LLC 0.33% 5,743 $398K
22 WINTON GROUP Ltd 0.33% 147,589 $10.2M
23 American Capital Management Inc 0.33% 104,967 $7.3M
24 EULAV Asset Management 0.31% 138,000 $9.6M
25 Fuller & Thaler Asset Management, INC. 0.30% 1,613,002 $111.8M
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 — Merit Med Sys Inc (MMSI)

What does the Smart Money Trend signal show for MMSI?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added MMSI 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 MMSI?

Slight buying edge — 56% buying: Last quarter: 234 funds bought or added vs 181 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 MMSI holders?

Elite ownership — 48% AUM from top-100 funds: 55 of 401 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in MMSI. 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 MMSI?

57% of holders stayed for 2+ years: 231 out of 402 hedge funds have held MMSI 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 Merit Med Sys Inc (MMSI) following the 2026 Q2 hedge fund 13F filings?

As of today, MMSI 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), MMSI has gained +30.9% 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.

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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