Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Orion Properties Inc (ONL)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
1Q ▲
Buyers last Q
44%

Smart Money Signals — ONL

Based on 187 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added ONL 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 — 78% of 3.0Y peak

78% of all-time peak
187 funds currently hold this stock — 78% of the 3.0-year high of 241 funds (reached 2023 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 16% fewer funds vs a year ago

fund count last 6Q
35 fewer hedge funds hold ONL compared to a year ago (-16% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 44% buying

62 buying78 selling
Last quarter: 78 funds reduced or exited vs 62 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.
➡️

Steady new buyers — ~27 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 44 → 28 → 24 → 27. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 20% medium ■ 18% new
115 out of 187 hedge funds have held ONL 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 -2%, value -17%

Value
-16%
Shares
-1%
Last quarter: funds added -2% more shares while total portfolio value only changed -17%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

24 → 44 → 28 → 24 → 27 new funds/Q
New funds entering each quarter: 44 → 28 → 24 → 27. ONL is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 69% veterans vs 20% newcomers

■ 69% veterans ■ 11% 1-2yr ■ 20% new
Entry-cohort mix of 188 holders: 130 (69%) are 2+ year veterans, 21 entered 1–2 years ago, and 37 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 19% AUM from top-100

19% from top-100 AUM funds
33 of 186 holders rank in the top 100 by AUM, but together hold only 19% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
2.7
out of 10
Low Exit Risk
Exit risk score 2.7/10 — 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 — ONL

In 2026 Q1, 62 hedge funds were net buyers of ONL (27 opened a new position, 35 added to an existing one), while 78 reduced or exited (52 trimmed, 26 sold completely) — a 44% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 187.

Hedge Fund Ownership: ONL

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

Market Analysis: ONL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ONL

-- --

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

Is It Too Late to Buy Orion Properties Inc (ONL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ONL has moved relative to its sector benchmark (XLRE) since the 2026 Q1 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 March 31, 2026 · 79d ago
ONL
+32.3%
XLRE
+7.6%

ONL outperformed XLRE by +24.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
ONL
-1.9%
XLRE
+1.7%

Since the filing became public, ONL outperformed XLRE by -3.6% .

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.

15 top-rated funds 0 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: ONL
187 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 187 186 0.54%
13F Shares 26M 26M -1.59%
Total Value $51M $61M -16.6%
New Positions 27 24 +3
Increased Positions 34 39 -5
Closed Positions 26 34 -8
Reduced Positions 51 56 -5
Total Calls 1 2 -50.0%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: ONL

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Valuation Measures Data as of: --

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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 --
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

187 + investors

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

QUARTER:
Top 25 ONL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Rangeley Capital, LLC 1.91% 915,000 $2.0M
2 Private Management Group Inc 0.33% 5,395,475 $11.6M
3 J. Goldman & Co LP 0.16% 2,616,896 $5.6M
4 Samalin Investment Counsel, LLC 0.16% 211,319 $454K
5 RBF Capital, LLC 0.11% 1,000,000 $2.1M
6 683 Capital Management, LLC 0.02% 208,134 $447K
7 SmartHarvest Portfolios, LLC 0.01% 15,632 $34K
8 Beartown Capital Management, LLC 0.01% 12,899 $28K
9 Catalyst Funds Management Pty Ltd 0.01% 35,900 $77K
10 Quinn Opportunity Partners LLC 0.01% 90,768 $195K
11 Bfsg, LLC 0.01% 31,283 $67K
12 Osbon Capital Management LLC 0.01% 3,273 $7K
13 Renaissance Technologies LLC 0.01% 1,706,100 $3.7M
14 NINE MASTS CAPITAL Ltd 0.00% 15,823 $34K
15 Meeder Asset Management Inc 0.00% 39,876 $86K
16 XTX Topco Ltd 0.00% 111,521 $240K
17 Engineers Gate Manager LP 0.00% 91,206 $196K
18 Two Sigma Advisers, LP 0.00% 242,998 $549K
19 Marshall Wace, LLP 0.00% 451,635 $971K
20 Macquarie Group Ltd 0.00% 63,164 $136K
21 Two Sigma Investments, LP 0.00% 445,924 $959K
22 Jacobs Levy Equity Management, Inc 0.00% 76,302 $164K
23 D. E. Shaw & Co., Inc. 0.00% 521,574 $1.1M
24 Schonfeld Strategic Advisors LLC 0.00% 39,121 $84K
25 Asset Management One Co., Ltd. 0.00% 81,329 $175K
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 — Orion Properties Inc (ONL)

What does the Smart Money Trend signal show for ONL?

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

More sellers than buyers — 44% buying: Last quarter: 78 funds reduced or exited vs 62 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 ONL holders?

Smaller funds dominant — 19% AUM from top-100: 33 of 186 holders rank in the top 100 by AUM, but together hold only 19% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held ONL?

61% of holders stayed for 2+ years: 115 out of 187 hedge funds have held ONL 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 Orion Properties Inc (ONL) following the 2026 Q1 hedge fund 13F filings?

As of today, ONL has moved -1.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.7% for the XLRE sector ETF — an outperformance of -3.6%. Since the quarter end (March 31, 2026), ONL has gained +32.3% vs +7.6% for XLRE. 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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