Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

NEKTAR THERAPEUTICS (NKTR)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +30
Streak
2Q ▲
Buyers last Q
60%

Smart Money Signals — NKTR

Based on 178 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added NKTR 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
178 hedge funds hold NKTR 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 — +27% more funds vs a year ago

fund count last 6Q
+38 new funds entered over the past year (+27% 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. The peak was reached in just 2 quarters from the low — a sharp move.
🟢

More buyers than sellers — 60% buying

118 buying80 selling
Last quarter: 118 funds were net buyers (64 opened a brand new position + 54 added to an existing one). Only 80 were sellers (46 trimmed + 34 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~64 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 32 → 26 → 63 → 64. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 18% medium ■ 30% new
92 out of 178 hedge funds have held NKTR 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 +15%, value -86%

Value
-86%
Shares
+15%
Last quarter: funds added +15% more shares while total portfolio value only changed -86%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
🚀

Acceleration phase — new buyers rushing in

17 → 32 → 26 → 63 → 64 new funds/Q
New funds entering each quarter: 32 → 26 → 63 → 64. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Deep conviction — 66% of holders stayed 2+ years

■ 66% veterans ■ 6% 1-2yr ■ 28% new
Of 190 current holders: 126 (66%) 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 — 20% AUM from major funds

20% from top-100 AUM funds
23 of 178 holders rank in the top 100 by AUM, accounting for 20% 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.

Hedge Fund Ownership: NKTR

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

Market Analysis: NKTR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NKTR

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

30 top-rated funds 5 high-conviction
Consensus
6.5
/ 10
breadth
×
Elite
4.3
/ 10
conviction
Hedge Fund Positioning: NKTR
2026 Q1 Stats Unlock in 11 days 190 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 190 161 18.01%
13F Shares 19M 16M 15.05%
Total Value $784M $5.75B -86.36%
New Positions 66 67 -1
Increased Positions 60 65 -5
Closed Positions 37 23 +14
Reduced Positions 67 37 +30
Total Calls 8 10 -20.0%
Total Puts 6 6 -
PUT/CALL Ratio 0.75 0.6 Neutral

Statistics: NKTR

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Valuation Measures Data as of: --

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Enterprise Value --
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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) --
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Institutional Holders (2026 Q1)

190 + investors

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

Top 25 institutional holders of NKTR — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 ACT CAPITAL MANAGEMENT, LLC 4.01% 70,900 $5.1M
2 Bronte Capital Management Pty Ltd. 1.44% 202,500 $14.6M
3 Bronte Capital Management Pty Ltd. 1.41% 198,256 $14.3M
4 MOODY ALDRICH PARTNERS LLC 1.16% 89,527 $6.4M
5 IRIDIAN ASSET MANAGEMENT LLC/CT 0.91% 31,320 $2.3M
6 EMERALD ADVISERS, LLC 0.90% 394,604 $28.4M
7 EMERALD MUTUAL FUND ADVISERS TRUST 0.89% 256,106 $18.4M
8 SEVEN GRAND MANAGERS, LLC 0.60% 125,000 $9.0M
9 Gainplan LLC 0.27% 5,000 $360K
10 Bayforest Capital Ltd 0.20% 2,538 $183K
11 FNY Investment Advisers, LLC 0.15% 4,750 —
12 GSA CAPITAL PARTNERS LLP 0.10% 21,331 $2K
13 Y-Intercept (Hong Kong) Ltd 0.04% 26,545 $1.9M
14 CenterBook Partners LP 0.03% 7,407 $533K
15 China Universal Asset Management Co., Ltd. 0.02% 4,000 $288K
16 LVW Advisors, LLC 0.02% 3,022 $217K
17 Cambridge Investment Research Advisors, Inc. 0.01% 56,055 $4K
18 PROFUND ADVISORS LLC 0.01% 3,159 $227K
19 Russell Investments Group, Ltd. 0.01% 106,248 $7.6M
20 Steward Partners Investment Advisory, LLC 0.01% 15,526 $1.1M
21 Leonteq Securities AG 0.01% 2,000 $144K
22 KELLEHER FINANCIAL ADVISORS 0.00% 200 $14K
23 OP Asset Management Ltd 0.00% 3,991 $332K
24 UBS Group AG 0.00% 320,172 $23.0M
25 VANGUARD FIDUCIARY TRUST CO 0.00% 169,308 $12.2M
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 — NEKTAR THERAPEUTICS (NKTR)

What does the Smart Money Trend signal show for NKTR?

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

More buyers than sellers — 60% buying: Last quarter: 118 funds were net buyers (64 opened a brand new position + 54 added to an existing one). Only 80 were sellers (46 trimmed + 34 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NKTR holders?

Strong quality — 20% AUM from major funds: 23 of 178 holders rank in the top 100 by AUM, accounting for 20% 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 NKTR?

52% of holders stayed for 2+ years: 92 out of 178 hedge funds have held NKTR 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.