Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Smart Sand Inc (SND)

88 + 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
↑ +10
Streak
3Q ▲
Buyers last Q
63%

Smart Money Signals — SND

Based on 89 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 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
89 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 — +68% more funds vs a year ago

fund count last 6Q
+36 new funds entered over the past year (+68% 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 — 63% buying

70 buying41 selling
Last quarter: 70 funds were net buyers (33 opened a brand new position + 37 added to an existing one). Only 41 were sellers (18 trimmed + 23 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+7 vs last Q)

new funds entering per quarter
Funds opening a new SND position: 6 → 24 → 26 → 33. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 16% medium ■ 28% new
50 out of 89 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.
🚀

Acceleration phase — new buyers rushing in

8 → 6 → 24 → 26 → 33 new funds/Q
New funds entering each quarter: 6 → 24 → 26 → 33. 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 — 70% veterans vs 25% newcomers

■ 70% veterans ■ 5% 1-2yr ■ 25% new
Entry-cohort mix of 92 holders: 64 (70%) are 2+ year veterans, 5 entered 1–2 years ago, and 23 (25%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
30 of 88 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.8
out of 10
Moderate Exit Risk
Exit risk score 4.8/10 — 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 Q2, 70 hedge funds were net buyers of SND (33 opened a new position, 37 added to an existing one), while 41 reduced or exited (18 trimmed, 23 sold completely) — a 63% buyer ratio, indicating clear institutional accumulation. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 39% of total institutional value in SND is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 89.

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

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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 0 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: SND
88 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 88 79 11.39%
13F Shares 20M 18M 14.17%
Total Value $94M $86M 10.27%
New Positions 33 26 +7
Increased Positions 35 31 +4
Closed Positions 23 11 +12
Reduced Positions 17 16 +1
Total Calls 4 3 33.33%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: SND

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Institutional Holders (2026 Q2)

88 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Simcoe Capital LLC 1.90% 620,962 $3.1M
2 Verdad Advisers, LP 0.68% 142,684 $715K
3 Jb Capital Partners LP 0.35% 460,000 $2.3M
4 Gendell Jeffrey L 0.15% 3,437,474 $17.2M
5 Sprott INC. 0.12% 750,000 $3.8M
6 Round Rock Advisors LLC 0.10% 162,334 $813K
7 Informed Momentum Co LLC 0.08% 171,938 $861K
8 Bridgeway Capital Management, LLC 0.07% 803,837 $4.0M
9 Integrated Quantitative Investments LLC 0.04% 49,109 $246K
10 Dynamic Technology Lab Private Ltd 0.04% 34,029 $170K
11 WINTON GROUP Ltd 0.04% 220,575 $1.1M
12 Ritholtz Wealth Management 0.03% 341,106 $1.7M
13 Mangrove Partners IM, LLC 0.02% 55,912 $280K
14 Prelude Capital Management, LLC 0.01% 33,907 $170K
15 O'shaughnessy Asset Management, LLC 0.01% 480,289 $2.4M
16 Main Street Financial Solutions, LLC 0.01% 26,575 $136K
17 Kathmere Capital Management, LLC 0.01% 34,219 $171K
18 Hillsdale Investment Management Inc. 0.01% 61,450 $308K
19 Empowered Funds, LLC 0.01% 255,919 $1.3M
20 D'Orazio & Associates, Inc. 0.01% 10,300 $52K
21 Algert Global LLC 0.00% 71,745 $359K
22 Segall Bryant & Hamill, LLC 0.00% 60,491 $303K
23 Strs Ohio 0.00% 134,800 $675K
24 Peak6 LLC 0.00% 214,100 $1.1M
25 XTX Topco Ltd 0.00% 30,466 $153K
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 — 3 quarters in a row: For 3 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 — 63% buying: Last quarter: 70 funds were net buyers (33 opened a brand new position + 37 added to an existing one). Only 41 were sellers (18 trimmed + 23 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for SND holders?

Strong quality — 39% AUM from major funds: 30 of 88 holders rank in the top 100 by AUM, accounting for 39% 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?

56% of holders stayed for 2+ years: 50 out of 89 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.

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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