Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Global X Fds (NORW)

40 + Investors. Track Smart Money conviction in NORW. 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
44%

Smart Money Signals — NORW

Based on 41 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their NORW positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 84% of 3.0Y peak

84% of all-time peak
41 funds currently hold this stock — 84% of the 3.0-year high of 49 funds (reached 2026 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +41% more funds vs a year ago

fund count last 6Q
+12 new funds entered over the past year (+41% 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 sellers than buyers — 44% buying

24 buying31 selling
Last quarter: 31 funds reduced or exited vs 24 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.
⚠️

Fewer new buyers each quarter (-12 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 4 → 2 → 27 → 15. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 10% medium ■ 32% new
24 out of 41 hedge funds have held NORW 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.
📈

Growing discovery — still being found

6 → 4 → 2 → 27 → 15 new funds/Q
New funds entering each quarter: 4 → 2 → 27 → 15. A growing number of institutions are discovering NORW each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 61% veterans vs 32% newcomers

■ 61% veterans ■ 7% 1-2yr ■ 32% new
Entry-cohort mix of 41 holders: 25 (61%) are 2+ year veterans, 3 entered 1–2 years ago, and 13 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 33% AUM from major funds

33% from top-100 AUM funds
12 of 40 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.7
out of 10
Moderate Exit Risk
Exit risk score 4.7/10 — 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 — NORW

In 2026 Q2, 24 hedge funds were net buyers of NORW (15 opened a new position, 9 added to an existing one), while 31 reduced or exited (8 trimmed, 23 sold completely) — a 44% buyer ratio, indicating roughly balanced activity. 33% of total institutional value in NORW is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -8 funds (more exits than new entries). Total institutional holders: 41.

Hedge Fund Ownership: NORW

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

Market Analysis: NORW

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NORW

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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.

3 top-rated funds 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: NORW
40 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 40 49 -18.37%
13F Shares 410K 1M -68.48%
Total Value $13M $49M -73.06%
New Positions 15 27 -12
Increased Positions 9 8 +1
Closed Positions 23 1 +22
Reduced Positions 8 4 +4
Total Calls 0 0 -
Total Puts 1 0 100%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NORW

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Financial Highlights

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Institutional Holders (2026 Q2)

40 + investors

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

QUARTER:
Top 25 NORW holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Ascent Advisors, LLC 0.29% 7,840 $249K
2 Lunt Capital Management, Inc. 0.09% 7,525 $240K
3 Sageworth Trust Co 0.02% 17,530 $560K
4 DRW Securities, LLC 0.02% 26,109 $834K
5 Bellecapital International Ltd. 0.01% 2,764 $88K
6 AlTi Global, Inc. 0.01% 18,232 $582K
7 Medallion Wealth Advisors, LLC 0.00% 414 $13K
8 Cresset Asset Management, LLC 0.00% 30,053 $1.0M
9 Spire Wealth Management 0.00% 3,555 $114K
10 Pinnacle Wealth Planning Services, Inc. 0.00% 1,021 $33K
11 Fiduciary Financial Advisors 0.00% 696 $22K
12 Atlatl Advisers LLC 0.00% 225 $7K
13 Equitable Holdings, Inc. 0.00% 6,576 $210K
14 Hrt Financial LP 0.00% 17,553 $560K
15 EP Wealth Advisors, LLC 0.00% 7,784 $249K
16 Kestra Advisory Services, LLC 0.00% 6,418 $205K
17 Lido Advisors, LLC 0.00% 6,988 $230K
18 GAMMA Investing LLC 0.00% 276 $9K
19 Osaic Holdings, INC. 0.00% 7,523 $240K
20 Royal Bank of Canada 0.00% 38,099 $1.2M
21 PNC Financial Services Group, INC. 0.00% 10,512 $336K
22 Susquehanna International Group, LLP 0.00% 66,639 $2.1M
23 Creative Planning 0.00% 8,444 $270K
24 Harbour Investments, INC. 0.00% 234 $7K
25 UBS Group AG 0.00% 24,008 $767K
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 — Global X Fds (NORW)

What does the Smart Money Trend signal show for NORW?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their NORW positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for NORW?

More sellers than buyers — 44% buying: Last quarter: 31 funds reduced or exited vs 24 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 NORW holders?

Strong quality — 33% AUM from major funds: 12 of 40 holders rank in the top 100 by AUM, accounting for 33% 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 NORW?

59% of holders stayed for 2+ years: 24 out of 41 hedge funds have held NORW 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.

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