Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

NEOGEN CORP (NEOG)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +8
Streak
1Q ▲
Buyers last Q
46%

Smart Money Signals — NEOG

Based on 287 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added NEOG 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.
📊

High ownership — 87% of 3.0Y peak

87% of all-time peak
287 funds currently hold this stock — 87% of the 3.0-year high of 329 funds (reached 2023 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 9% fewer funds vs a year ago

fund count last 6Q
28 fewer hedge funds hold NEOG compared to a year ago (-9% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 46% buying

128 buying150 selling
Last quarter: 150 funds reduced or exited vs 128 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.
📈

More new buyers each quarter (+10 vs last Q)

new funds entering per quarter
Funds opening a new NEOG position: 47 → 64 → 41 → 51. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 22% medium ■ 18% new
170 out of 287 hedge funds have held NEOG 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.
💰

Price up while funds trimmed (+14% value, -7% shares)

Value
+14%
Shares
-6%
Last quarter: total value of institutional NEOG holdings rose +14% even though funds reduced share count by 7%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
📊

Peak discovery — momentum slowing

38 → 47 → 64 → 41 → 51 new funds/Q
New funds entering each quarter: 47 → 64 → 41 → 51. NEOG is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 68% of holders stayed 2+ years

■ 68% veterans ■ 9% 1-2yr ■ 23% new
Of 294 current holders: 200 (68%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds
37 of 287 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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 — NEOG

In 2025 Q4, 128 hedge funds were net buyers of NEOG (51 opened a new position, 77 added to an existing one), while 150 reduced or exited (107 trimmed, 43 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. 37% of total institutional value in NEOG is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +8 funds (more new holders than closures). Total institutional holders: 287.

Hedge Fund Ownership: NEOG

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

Market Analysis: NEOG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NEOG

Healthcare Diagnostics & Research

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

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

49 top-rated funds 0 high-conviction
Consensus
7.4
/ 10
breadth
×
Elite
0.9
/ 10
conviction
Hedge Fund Positioning: NEOG
2026 Q1 Stats Unlock in 8 days 294 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 294 283 3.89%
13F Shares 217M 232M -6.56%
Total Value $1.52B $1.33B 14.44%
New Positions 52 41 +11
Increased Positions 84 103 -19
Closed Positions 44 58 -14
Reduced Positions 113 119 -6
Total Calls 5 3 66.67%
Total Puts 3 5 -40.0%
PUT/CALL Ratio 0.6 1.67 Bullish

Statistics: NEOG

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 Q1)

294 + investors

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

Top 25 institutional holders of NEOG — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Roubaix Capital, LLC 2.16% 498,424 $4.6M
2 PERKINS CAPITAL MANAGEMENT INC 1.55% 178,000 $1.7M
3 SG Capital Management LLC 1.32% 2,136,724 $19.9M
4 MUFG Securities EMEA plc 0.55% 4,000,011 $37.2M
5 ING GROEP NV 0.51% 8,904,300 $82.7M
6 HEARTLAND ADVISORS INC 0.47% 1,000,000 $9.3M
7 Values First Advisors, Inc. 0.44% 90,238 $838K
8 CenterBook Partners LP 0.18% 352,308 $3.3M
9 Bayforest Capital Ltd 0.16% 15,563 $145K
10 Hamrick Investment Counsel, llc 0.14% 26,991 $189K
11 IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.12% 173,255 $1.6M
12 Inspire Investing, LLC 0.07% 95,083 $883K
13 Linden Thomas Advisory Services, LLC 0.06% 71,271 $662K
14 SG Americas Securities, LLC 0.06% 6,266,033 $58K
15 KING LUTHER CAPITAL MANAGEMENT CORP 0.04% 1,100,678 $10.2M
16 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.04% 379,980 $3.5M
17 SAGE RHINO CAPITAL LLC 0.03% 15,847 $147K
18 ARQ WEALTH ADVISORS, LLC 0.03% 16,075 $149K
19 DRIVE WEALTH MANAGEMENT, LLC 0.03% 12,826 $119K
20 FEDERATED HERMES, INC. 0.02% 1,598,002 $14.8M
21 BESSEMER GROUP INC 0.02% 1,565,625 $15K
22 GSA CAPITAL PARTNERS LLP 0.02% 39,183 —
23 Louisiana State Employees Retirement System 0.02% 96,500 —
24 Illinois Municipal Retirement Fund 0.01% 126,139 $1.2M
25 Everhart Financial Group, Inc. 0.01% 18,058 $168K
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 — NEOGEN CORP (NEOG)

What does the Smart Money Trend signal show for NEOG?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added NEOG 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 NEOG?

More sellers than buyers — 46% buying: Last quarter: 150 funds reduced or exited vs 128 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 NEOG holders?

Strong quality — 37% AUM from major funds: 37 of 287 holders rank in the top 100 by AUM, accounting for 37% 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 NEOG?

59% of holders stayed for 2+ years: 170 out of 287 hedge funds have held NEOG 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.