Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

SPRUCE BIOSCIENCES INC (SPRB)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +23
Streak
2Q ▲
Buyers last Q
91%

Smart Money Signals — SPRB

Based on 32 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added SPRB 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.
🔻

Below peak — only 65% of 3.0Y high

65% of all-time peak
Only 32 funds hold SPRB today versus a peak of 49 funds at 2024 Q1 — just 65% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📶

Steady growth — +7% more funds vs a year ago

fund count last 6Q
+2 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 91% buying

29 buying3 selling
Last quarter: 29 funds were net buyers (25 opened a brand new position + 4 added to an existing one). Only 3 were sellers (1 trimmed + 2 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+18 vs last Q)

new funds entering per quarter
Funds opening a new SPRB position: 5 → 0 → 7 → 25. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 38% long-term, 44% new

■ 38% conviction (2yr+) ■ 19% medium ■ 44% new
Of the 32 current holders: 12 (38%) held >2 years, 6 held 1–2 years, and 14 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💰

Price up while funds trimmed (+161% value, -74% shares)

Value
+161%
Shares
-74%
Last quarter: total value of institutional SPRB holdings rose +161% even though funds reduced share count by 74%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
🚀

Acceleration phase — new buyers rushing in

5 → 5 → 0 → 7 → 25 new funds/Q
New funds entering each quarter: 5 → 0 → 7 → 25. 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.
🏛️

Deep conviction — 41% of holders stayed 2+ years

■ 41% veterans ■ 19% 1-2yr ■ 41% new
Of 32 current holders: 13 (41%) 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.
✅

Strong quality — 23% AUM from major funds

23% from top-100 AUM funds
12 of 32 holders rank in the top 100 by AUM, accounting for 23% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.3
out of 10
Low Exit Risk
Exit risk score 2.3/10 — 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 — SPRB

In 2025 Q4, 29 hedge funds were net buyers of SPRB (25 opened a new position, 4 added to an existing one), while 3 reduced or exited (1 trimmed, 2 sold completely) — a 91% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. 23% of total institutional value in SPRB is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +23 funds (more new holders than closures). Total institutional holders: 32.

Hedge Fund Ownership: SPRB

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

Market Analysis: SPRB

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SPRB

-- --

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

6 top-rated funds 1 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: SPRB
2026 Q1 Stats Unlock in 4 days 32 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 32 9 255.56%
13F Shares 754K 3M -74.34%
Total Value $66M $25M 160.99%
New Positions 25 7 +18
Increased Positions 4 0 +4
Closed Positions 2 1 +1
Reduced Positions 1 2 -1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: SPRB

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Financial Highlights

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Institutional Holders (2026 Q1)

32 + investors

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

QUARTER:
Top 25 institutional holders of SPRB — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Ikarian Capital, LLC 0.64% 121,356 $7.9M
2 Lion Point Capital, LP 0.39% 1,000 $65K
3 Squadron Capital Management LLC 0.29% 12,200 $797K
4 Resolute Capital Asset Partners LLC 0.14% 4,000 $261K
5 DIADEMA PARTNERS LP 0.11% 10,000 $654K
6 Quinn Opportunity Partners LLC 0.09% 26,810 $1.8M
7 STEMPOINT CAPITAL LP 0.08% 6,360 $416K
8 Persistent Asset Partners Ltd 0.06% 2,528 $165K
9 BOOTHBAY FUND MANAGEMENT, LLC 0.04% 42,080 $2.7M
10 Carlyle Group Inc. 0.02% 38,620 $2.5M
11 ExodusPoint Capital Management, LP 0.01% 22,000 $1.4M
12 Alyeska Investment Group, L.P. 0.01% 51,671 $3.4M
13 BALYASNY ASSET MANAGEMENT L.P. 0.00% 40,000 $2.6M
14 MILLENNIUM MANAGEMENT LLC 0.00% 111,888 $7.3M
15 CITADEL ADVISORS LLC 0.00% 69,999 $4.6M
16 Sound Income Strategies, LLC 0.00% 200 $14K
17 WELLINGTON MANAGEMENT GROUP LLP 0.00% 48,796 $3.2M
18 CALDWELL SUTTER CAPITAL, INC. 0.00% 13 —
19 Tower Research Capital LLC (TRC) 0.00% 140 $9K
20 Marex Group plc 0.00% 14,800 $8K
21 GOLDMAN SACHS GROUP INC 0.00% 5,506 $360K
22 UBS Group AG 0.00% 3,919 $256K
23 CITIGROUP INC 0.00% 939 $61K
24 BlackRock, Inc. 0.00% 16,938 $1.1M
25 JONES FINANCIAL COMPANIES LLLP 0.00% 193 $12K
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 — SPRUCE BIOSCIENCES INC (SPRB)

What does the Smart Money Trend signal show for SPRB?

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

More buyers than sellers — 91% buying: Last quarter: 29 funds were net buyers (25 opened a brand new position + 4 added to an existing one). Only 3 were sellers (1 trimmed + 2 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for SPRB holders?

Strong quality — 23% AUM from major funds: 12 of 32 holders rank in the top 100 by AUM, accounting for 23% 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 SPRB?

Mixed — 38% long-term, 44% new: Of the 32 current holders: 12 (38%) held >2 years, 6 held 1–2 years, and 14 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

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.