Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

ADVISORSHARES TR (QPX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
46%

Smart Money Signals — QPX

Based on 17 hedge funds · latest filing: 2026 Q1 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
17 funds currently hold this stock — 94% of the 3.0-year high of 18 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +31% more funds vs a year ago

fund count last 6Q
+4 new funds entered over the past year (+31% 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 — 46% buying

6 buying7 selling
Last quarter: 7 funds reduced or exited vs 6 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 — ~0 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 5 → 3 → 0 → 0. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 24% medium ■ 18% new
10 out of 17 hedge funds have held QPX 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.
⚠️

Saturation — most institutions already know this story

1 → 5 → 3 → 0 → 0 new funds/Q
New funds entering each quarter: 5 → 3 → 0 → 0. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🏛️

Deep conviction — 53% of holders stayed 2+ years

■ 53% veterans ■ 24% 1-2yr ■ 24% new
Of 17 current holders: 9 (53%) 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.
📋

Smaller funds dominant — 8% AUM from top-100

8% from top-100 AUM funds
4 of 17 holders rank in the top 100 by AUM, but together hold only 8% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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 — QPX

In 2026 Q1, 6 hedge funds were net buyers of QPX (6 added to existing positions), while 7 reduced or exited (7 trimmed their position) — a 46% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 17.

Hedge Fund Ownership: QPX

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

Market Analysis: QPX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: QPX

-- --

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

Is It Too Late to Buy ADVISORSHARES TR (QPX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much QPX has moved relative to its sector benchmark (SPY) 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 · 54d ago
QPX
+26.3%
SPY
+14.7%

QPX outperformed SPY by +11.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 9d ago
QPX
+1.2%
SPY
+0.9%

Since the filing became public, QPX outperformed SPY by +0.3% .

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.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: QPX
17 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 17 17 -
13F Shares 541K 571K -5.34%
Total Value $21M $25M -18.99%
New Positions 0 0 -
Increased Positions 6 5 +1
Closed Positions 0 1 -1
Reduced Positions 7 9 -2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: QPX

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

17 + investors

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

QUARTER:
Top 17 institutional holders of QPX — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Encompass More Asset Management 1.59% 224,477 $9.5M
2 Professional Financial Advisors, LLC 0.56% 64,745 $2.7M
3 Legacy Wealth Managment, LLC/ID 0.36% 17,280 $732K
4 Rothschild Wealth LLC 0.12% 30,639 $1.3M
5 AMERIFLEX GROUP, INC. 0.02% 1,061 $45K
6 FOUNDATIONS INVESTMENT ADVISORS, LLC 0.01% 17,480 $740K
7 Cambridge Investment Research Advisors, Inc. 0.01% 54,466 $2K
8 OSAIC HOLDINGS, INC. 0.00% 50,974 $2.2M
9 Cetera Investment Advisers 0.00% 39,330 $1.7M
10 Sunbelt Securities, Inc. 0.00% 379 $16K
11 Aptus Capital Advisors, LLC 0.00% 439 $19K
12 CWM, LLC 0.00% 1,242 $53K
13 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% 26,307 $1.1M
14 ENVESTNET ASSET MANAGEMENT INC 0.00% 10,821 $458K
15 AE Wealth Management LLC 0.00% 190 $8K
16 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% 230 $10K
17 UBS Group AG 0.00% 498 $21K
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 — ADVISORSHARES TR (QPX)

What does the Smart Money Trend signal show for QPX?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for QPX?

More sellers than buyers — 46% buying: Last quarter: 7 funds reduced or exited vs 6 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 QPX holders?

Smaller funds dominant — 8% AUM from top-100: 4 of 17 holders rank in the top 100 by AUM, but together hold only 8% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held QPX?

59% of holders stayed for 2+ years: 10 out of 17 hedge funds have held QPX 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 ADVISORSHARES TR (QPX) following the 2026 Q1 hedge fund 13F filings?

As of today, QPX has moved +1.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.9% for the SPY sector ETF — an outperformance of +0.3%. Since the quarter end (March 31, 2026), QPX has gained +26.3% vs +14.7% for SPY. 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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