Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Neogen Corp (NEOG)

303 + 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
↑ +3
Streak
2Q ▲
Buyers last Q
52%

Smart Money Signals — NEOG

Based on 305 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 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 — 88% of 3.0Y peak

88% of all-time peak
305 funds currently hold this stock — 88% of the 3.0-year high of 347 funds (reached 2023 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 8% fewer funds vs a year ago

fund count last 6Q
27 fewer hedge funds hold NEOG compared to a year ago (-8% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 52% buying

152 buying140 selling
Last quarter: 152 funds bought or added vs 140 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 — ~48 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 67 → 43 → 53 → 48. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 23% medium ■ 17% new
182 out of 305 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.
💰

Value +32% but shares only +8% — price-driven

Value
+31%
Shares
+8%
Last quarter: the total dollar value of institutional holdings rose +32%, but actual share count only changed +8%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️

Steady discovery — ~48 new funds/quarter

51 → 67 → 43 → 53 → 48 new funds/Q
New funds entering each quarter: 67 → 43 → 53 → 48. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 68% veterans vs 22% newcomers

■ 68% veterans ■ 10% 1-2yr ■ 22% new
Entry-cohort mix of 312 holders: 211 (68%) are 2+ year veterans, 32 entered 1–2 years ago, and 69 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 47% AUM from top-100 funds

47% from top-100 AUM funds
53 of 303 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in NEOG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — 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 2026 Q1, 152 hedge funds were net buyers of NEOG (48 opened a new position, 104 added to an existing one), while 140 reduced or exited (95 trimmed, 45 sold completely) — a 52% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 47% of total institutional value in NEOG is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 305.

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

-- --

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

Is It Too Late to Buy Neogen Corp (NEOG) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NEOG 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 · 45d ago
NEOG
+29.1%
XLV
+5.5%

NEOG outperformed XLV by +23.6% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 0d ago
NEOG
+0.0%
XLV
+0.0%

Since the filing became public, NEOG 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.

27 top-rated funds 0 high-conviction
Consensus
6.3
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: NEOG
2026 Q2 Stats Unlock in 5 days 303 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 303 301 0.66%
13F Shares 234M 218M 7.51%
Total Value $1.98B $1.52B 30.6%
New Positions 47 53 -6
Increased Positions 103 83 +20
Closed Positions 45 45 -
Reduced Positions 92 109 -17
Total Calls 4 5 -20.0%
Total Puts 5 3 66.67%
PUT/CALL Ratio 1.25 0.6 Bearish

Statistics: NEOG

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Valuation Measures Data as of: --

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

Financial Highlights

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Profit Margin --
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Total Cash (mrq) --
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Institutional Holders (2026 Q2)

303 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NEOG. 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 NEOG holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 SG Capital Management LLC 2.46% 3,319,145 $29.8M
2 Roubaix Capital, LLC 2.21% 687,112 $6.2M
3 Gates Capital Management, Inc. 1.89% 8,742,274 $78.6M
4 Clarkston Capital Partners, LLC 1.40% 1,849,288 $16.6M
5 Perkins Capital Management Inc 1.20% 177,500 $1.6M
6 Teton Advisors, LLC 0.94% 181,660 $1.6M
7 Samjo Management, LLC 0.73% 237,200 $2.1M
8 Intrinsic Edge Capital Management LLC 0.70% 750,000 $6.7M
9 Mizuho Markets Americas LLC 0.60% 4,250,000 $38.2M
10 Brasada Capital Management, LP 0.55% — $3.1M
11 ArrowMark Colorado Holdings LLC 0.43% 1,152,609 $10.4M
12 Heartland Advisors Inc 0.40% 1,000,000 $9.0M
13 ING Groep NV 0.40% 9,102,300 $81.8M
14 MUFG Securities EMEA plc 0.31% 3,320,011 $29.8M
15 Round Rock Advisors LLC 0.28% 242,211 $2.2M
16 Kennedy Capital Management LLC 0.23% 1,471,104 $13.2M
17 Hussman Strategic Advisors, INC. 0.22% 105,000 $944K
18 Hamrick Investment Counsel, llc 0.17% 29,169 $262K
19 Hudson Bay Capital Management LP 0.16% 6,500,000 $58.4M
20 Linden Thomas Advisory Services, LLC 0.13% 172,630 $1.6M
21 CenterBook Partners LP 0.11% 242,051 $2.2M
22 Neuberger Berman Group LLC 0.10% 16,570,795 $149.0M
23 IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.08% 131,123 $1.2M
24 Old Mission Investment Co LLC 0.07% 38,640 $347K
25 Glenmede Trust Co NA 0.07% 1,757,278 $15.8M
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 — Neogen Corp (NEOG)

What does the Smart Money Trend signal show for NEOG?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, 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?

Slight buying edge — 52% buying: Last quarter: 152 funds bought or added vs 140 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 NEOG holders?

Elite ownership — 47% AUM from top-100 funds: 53 of 303 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in NEOG. 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 NEOG?

60% of holders stayed for 2+ years: 182 out of 305 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.

Is it too late to buy Neogen Corp (NEOG) following the 2026 Q2 hedge fund 13F filings?

As of today, NEOG 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), NEOG has gained +29.1% 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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