Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Ars Pharmaceuticals Inc (SPRY)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +12
Streak
1Q ▲
Buyers last Q
55%

Smart Money Signals — SPRY

Based on 200 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added SPRY 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
200 hedge funds hold SPRY 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 — +9% more funds vs a year ago

fund count last 6Q
+17 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 55% buying

103 buying85 selling
Last quarter: 103 funds bought or added vs 85 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter
Funds opening a new SPRY position: 32 → 41 → 34 → 40. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 37% long-term, 28% new

■ 37% conviction (2yr+) ■ 34% medium ■ 28% new
Of the 200 current holders: 74 (37%) held >2 years, 69 held 1–2 years, and 57 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.
💎

Buying through price weakness — shares +4%, value -30%

Value
-29%
Shares
+4%
Last quarter: funds added +4% more shares while total portfolio value only changed -30%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~40 new funds/quarter

41 → 32 → 41 → 34 → 40 new funds/Q
New funds entering each quarter: 32 → 41 → 34 → 40. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 43% veterans vs 38% newcomers

■ 43% veterans ■ 19% 1-2yr ■ 38% new
Entry-cohort mix of 205 holders: 89 (43%) are 2+ year veterans, 39 entered 1–2 years ago, and 77 (38%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 32% AUM from major funds

32% from top-100 AUM funds
43 of 199 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 — SPRY

In 2026 Q1, 103 hedge funds were net buyers of SPRY (40 opened a new position, 63 added to an existing one), while 85 reduced or exited (57 trimmed, 28 sold completely) — a 55% buyer ratio, indicating a slight buying edge. 32% of total institutional value in SPRY is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +12 funds (more new holders than closures). Total institutional holders: 200.

Hedge Fund Ownership: SPRY

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

Market Analysis: SPRY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SPRY

-- --

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.

11 top-rated funds 4 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
3.3
/ 10
conviction
Hedge Fund Positioning: SPRY
202 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 202 201 0.5%
13F Shares 91M 93M -2.37%
Total Value $716M $734M -2.42%
New Positions 38 40 -2
Increased Positions 71 61 +10
Closed Positions 37 27 +10
Reduced Positions 55 56 -1
Total Calls 5 4 25.0%
Total Puts 2 2 -
PUT/CALL Ratio 0.4 0.5 Bullish

Statistics: SPRY

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

202 + investors

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

QUARTER:
Top 25 SPRY holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Pavaki Capital Management LLC 9.61% 1,172,000 $13.7M
2 Tyro Capital Management LLC 8.01% 4,459,337 $35.7M
3 Sr One Capital Management, LP 3.09% 4,012,903 $32.1M
4 Tejara Capital Ltd 2.00% 607,039 $4.9M
5 Orbimed Advisors LLC 1.23% 8,288,510 $66.4M
6 Ishara Investments LP 0.84% 143,490 $1.1M
7 Ra Capital Management, L.P. 0.76% 10,860,977 $87.0M
8 Rubric Capital Management LP 0.63% 8,540,861 $68.4M
9 Deerfield Management Company, L.P. 0.63% 7,503,812 $60.1M
10 Investment Management Associates Inc /Adv 0.61% 373,491 $3.0M
11 General American Investors Co Inc 0.54% 1,133,046 $9.1M
12 Diker Management LLC 0.40% 65,508 $525K
13 American Assets Inc 0.30% 125,000 $1.0M
14 Levin Capital Strategies, L.P. 0.29% 548,965 $4.4M
15 DAFNA Capital Management LLC 0.25% 164,285 $1.3M
16 ADAR1 Capital Management, LLC 0.22% 600,999 $4.8M
17 K2 Principal Fund, L.P. 0.22% 375,132 $3.0M
18 Empire Life Investments Inc. 0.21% 471,856 $3.8M
19 Matisse Capital 0.21% 65,701 $526K
20 Peregrine Capital Management LLC 0.17% 672,139 $5.4M
21 Norman Fields, Gottscho Capital Management, LLC 0.17% 71,080 $569K
22 Valley Forge Investment Consultants Inc Adv 0.17% 83,225 $667K
23 Third Point LLC 0.17% 1,000,000 $8.0M
24 Boothbay Fund Management, LLC 0.17% 1,601,504 $12.8M
25 Sectoral Asset Management Inc 0.17% 29,900 $239K
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 — Ars Pharmaceuticals Inc (SPRY)

What does the Smart Money Trend signal show for SPRY?

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

Slight buying edge — 55% buying: Last quarter: 103 funds bought or added vs 85 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for SPRY holders?

Strong quality — 32% AUM from major funds: 43 of 199 holders rank in the top 100 by AUM, accounting for 32% 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 SPRY?

Mixed — 37% long-term, 28% new: Of the 200 current holders: 74 (37%) held >2 years, 69 held 1–2 years, and 57 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.

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