Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Chicago Atlantic Real Estate (REFI)

99 + Investors. Track Smart Money conviction in REFI. 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
62%

Smart Money Signals — REFI

Based on 101 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added REFI 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 (95% of max)

95% of all-time peak
101 hedge funds hold REFI 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.
📶

Steady growth — +6% more funds vs a year ago

fund count last 6Q
+6 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 62% buying

63 buying39 selling
Last quarter: 63 funds were net buyers (17 opened a brand new position + 46 added to an existing one). Only 39 were sellers (23 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~17 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 17 → 20 → 20 → 17. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

49% of holders stayed for 2+ years

■ 49% conviction (2yr+) ■ 26% medium ■ 26% new
49 out of 101 hedge funds have held REFI 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.
➡️

Steady discovery — ~17 new funds/quarter

11 → 17 → 20 → 20 → 17 new funds/Q
New funds entering each quarter: 17 → 20 → 20 → 17. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 51% veterans vs 32% newcomers

■ 51% veterans ■ 17% 1-2yr ■ 32% new
Entry-cohort mix of 101 holders: 52 (51%) are 2+ year veterans, 17 entered 1–2 years ago, and 32 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 45% AUM from top-100 funds

45% from top-100 AUM funds
30 of 100 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in REFI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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 — REFI

In 2026 Q2, 63 hedge funds were net buyers of REFI (17 opened a new position, 46 added to an existing one), while 39 reduced or exited (23 trimmed, 16 sold completely) — a 62% buyer ratio, indicating clear institutional accumulation. 45% of total institutional value in REFI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 101.

Hedge Fund Ownership: REFI

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

Market Analysis: REFI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: REFI

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

7 top-rated funds 1 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: REFI
99 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 99 100 -1.0%
13F Shares 7M 6M 8.68%
Total Value $73M $68M 6.69%
New Positions 17 20 -3
Increased Positions 45 30 +15
Closed Positions 17 20 -3
Reduced Positions 23 30 -7
Total Calls 0 0 -
Total Puts 1 2 -50.0%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: REFI

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Institutional Holders (2026 Q2)

99 + investors

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

QUARTER:
Top 25 REFI holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Fielder Capital Group LLC 2.28% 982,283 $10.5M
2 Clayton Partners LLC 1.09% 155,344 $1.7M
3 CDC Financial, Inc. 0.73% 163,704 $1.8M
4 Intrepid Capital Management Inc 0.28% 73,922 $792K
5 Doliver Advisors, LP 0.27% 111,008 $1.2M
6 Mission Financial Group, LLC 0.19% 21,818 $234K
7 Odyssean, LLC 0.11% 63,292 $678K
8 Virtus Investment Advisers, LLC 0.04% 17,929 $192K
9 Atom Investors LP 0.04% 42,314 $454K
10 United Advisor Group, LLC 0.04% 33,050 $354K
11 Magnus Financial Group LLC 0.03% 39,818 $427K
12 Segall Bryant & Hamill, LLC 0.02% 188,621 $2.0M
13 Sage Mountain Advisors LLC 0.02% 34,284 $368K
14 AlTi Global, Inc. 0.00% 17,995 $201K
15 Y-Intercept (Hong Kong) Ltd 0.00% 12,279 $132K
16 Everett Harris & Co /Ca/ 0.00% 18,400 $197K
17 Connor, Clark & Lunn Investment Management Ltd. 0.00% 113,810 $1.2M
18 Corient Private Wealth LP 0.00% 152,719 $1.6M
19 Osaic Holdings, INC. 0.00% 91,265 $978K
20 Empowered Funds, LLC 0.00% 19,872 $213K
21 Commonwealth Equity Services, LLC 0.00% 57,975 $621K
22 GAMMA Investing LLC 0.00% 1,808 $19K
23 Quantinno Capital Management LP 0.00% 55,827 $598K
24 Westside Investment Management, Inc. 0.00% 500 $5K
25 Silver Grove Financial Group, Inc. 0.00% 121 $1K
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 — Chicago Atlantic Real Estate (REFI)

What does the Smart Money Trend signal show for REFI?

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

More buyers than sellers — 62% buying: Last quarter: 63 funds were net buyers (17 opened a brand new position + 46 added to an existing one). Only 39 were sellers (23 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for REFI holders?

Elite ownership — 45% AUM from top-100 funds: 30 of 100 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in REFI. 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 REFI?

49% of holders stayed for 2+ years: 49 out of 101 hedge funds have held REFI 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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