Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Smart Sand Inc (SND)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +15
Streak
2Q ▲
Buyers last Q
69%

Smart Money Signals — SND

Based on 79 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added SND 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
79 hedge funds hold SND 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 — +32% more funds vs a year ago

fund count last 6Q
+19 new funds entered over the past year (+32% 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 buyers than sellers — 69% buying

59 buying27 selling
Last quarter: 59 funds were net buyers (26 opened a brand new position + 33 added to an existing one). Only 27 were sellers (16 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~26 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 6 → 24 → 26. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

48% of holders stayed for 2+ years

■ 48% conviction (2yr+) ■ 19% medium ■ 33% new
38 out of 79 hedge funds have held SND 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.
💰

Value +52% but shares only +27% — price-driven

Value
+51%
Shares
+26%
Last quarter: the total dollar value of institutional holdings rose +52%, but actual share count only changed +27%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
🚀

Acceleration phase — new buyers rushing in

14 → 8 → 6 → 24 → 26 new funds/Q
New funds entering each quarter: 8 → 6 → 24 → 26. 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.
🏛️

Veteran-anchored — 67% veterans vs 24% newcomers

■ 67% veterans ■ 9% 1-2yr ■ 24% new
Entry-cohort mix of 82 holders: 55 (67%) are 2+ year veterans, 7 entered 1–2 years ago, and 20 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 25% AUM from major funds

25% from top-100 AUM funds
23 of 79 holders rank in the top 100 by AUM, accounting for 25% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.6
out of 10
Moderate Exit Risk
Exit risk score 4.6/10 — 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 — SND

In 2026 Q1, 59 hedge funds were net buyers of SND (26 opened a new position, 33 added to an existing one), while 27 reduced or exited (16 trimmed, 11 sold completely) — a 69% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. 25% of total institutional value in SND is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +15 funds (more new holders than closures). Total institutional holders: 79.

Hedge Fund Ownership: SND

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

Market Analysis: SND

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SND

-- --

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

Is It Too Late to Buy Smart Sand Inc (SND) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much SND has moved relative to its sector benchmark (XLE) 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 · 90d ago
SND
-2.0%
XLE
-11.5%

SND outperformed XLE by +9.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 45d ago
SND
+5.7%
XLE
-8.8%

Since the filing became public, SND outperformed XLE by +14.5% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

9 top-rated funds 1 high-conviction
Consensus
4.3
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: SND
79 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 79 64 23.44%
13F Shares 18M 14M 26.71%
Total Value $86M $56M 51.94%
New Positions 26 24 +2
Increased Positions 31 22 +9
Closed Positions 11 4 +7
Reduced Positions 16 13 +3
Total Calls 3 3 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: SND

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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

79 + investors

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

QUARTER:
Top 25 SND holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Simcoe Capital LLC 2.91% 620,189 $3.2M
2 Verdad Advisers, LP 0.71% 122,696 $628K
3 Truffle Hound Capital, LLC 0.58% 440,000 $2.3M
4 Jb Capital Partners LP 0.40% 460,000 $2.3M
5 Gendell Jeffrey L 0.22% 3,126,915 $16.0M
6 Informed Momentum Co LLC 0.14% 240,141 $1.2M
7 Manatuck Hill Partners, LLC 0.14% 100,000 $512K
8 Sprott INC. 0.11% 750,000 $3.8M
9 Quartz Partners, LLC 0.08% 42,077 $215K
10 Bridgeway Capital Management, LLC 0.08% 784,916 $4.0M
11 CWA Asset Management Group, LLC 0.03% 193,010 $988K
12 WINTON GROUP Ltd 0.03% 161,705 $828K
13 Ritholtz Wealth Management 0.02% 277,398 $1.4M
14 Prelude Capital Management, LLC 0.01% 36,862 $189K
15 CastleKnight Management LP 0.01% 147,095 $753K
16 Hillsdale Investment Management Inc. 0.01% 88,700 $454K
17 Catalyst Funds Management Pty Ltd 0.01% 11,600 $59K
18 Occudo Quantitative Strategies LP 0.01% 31,182 $172K
19 O'shaughnessy Asset Management, LLC 0.01% 350,234 $1.8M
20 Kathmere Capital Management, LLC 0.01% 27,743 $142K
21 Dynamic Technology Lab Private Ltd 0.01% 10,013 $51K
22 Empowered Funds, LLC 0.01% 236,998 $1.2M
23 State of Wyoming 0.00% 5,230 $27K
24 XTX Topco Ltd 0.00% 31,527 $161K
25 Arkadios Wealth Advisors 0.00% 33,266 $170K
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 — Smart Sand Inc (SND)

What does the Smart Money Trend signal show for SND?

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

More buyers than sellers — 69% buying: Last quarter: 59 funds were net buyers (26 opened a brand new position + 33 added to an existing one). Only 27 were sellers (16 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for SND holders?

Strong quality — 25% AUM from major funds: 23 of 79 holders rank in the top 100 by AUM, accounting for 25% 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 SND?

48% of holders stayed for 2+ years: 38 out of 79 hedge funds have held SND 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 Smart Sand Inc (SND) following the 2026 Q1 hedge fund 13F filings?

As of today, SND has moved +5.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to -8.8% for the XLE sector ETF — an outperformance of +14.5%. Since the quarter end (March 31, 2026), SND has gained -2.0% vs -11.5% for XLE. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to 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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