Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

TURTLE BEACH CORP (TBCH)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -6
Streak
2Q ▼
Buyers last Q
43%

Smart Money Signals — TBCH

Based on 111 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their TBCH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 86% of 3.0Y peak

86% of all-time peak
111 funds currently hold this stock — 86% of the 3.0-year high of 129 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +8% more funds vs a year ago

fund count last 6Q
+8 new funds entered over the past year (+8% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 43% buying

50 buying65 selling
Last quarter: 65 funds reduced or exited vs 50 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~13 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 21 → 19 → 18 → 13. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 25% medium ■ 15% new
66 out of 111 hedge funds have held TBCH 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.
💎

Buying through price weakness — shares -0%, value -30%

Value
-29%
Shares
0%
Last quarter: funds added -0% 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.
📊

Peak discovery — momentum slowing

17 → 21 → 19 → 18 → 13 new funds/Q
New funds entering each quarter: 21 → 19 → 18 → 13. TBCH is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 66% of holders stayed 2+ years

■ 66% veterans ■ 14% 1-2yr ■ 20% new
Of 118 current holders: 78 (66%) 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 — 36% AUM from major funds

36% from top-100 AUM funds
36 of 111 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — 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 — TBCH

In 2026 Q1, 50 hedge funds were net buyers of TBCH (13 opened a new position, 37 added to an existing one), while 65 reduced or exited (46 trimmed, 19 sold completely) — a 43% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 36% of total institutional value in TBCH is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -6 funds (more exits than new entries). Total institutional holders: 111.

Hedge Fund Ownership: TBCH

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

Market Analysis: TBCH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TBCH

-- --

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

Is It Too Late to Buy TURTLE BEACH CORP (TBCH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TBCH has moved relative to its sector benchmark (XLK) 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 · 50d ago
TBCH
+9.2%
XLK
+31.2%

TBCH outperformed XLK by -22.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 5d ago
TBCH
-1.2%
XLK
-1.1%

Since the filing became public, TBCH outperformed XLK by -0.1% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

15 top-rated funds 1 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
1.7
/ 10
conviction
Hedge Fund Positioning: TBCH
111 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 111 117 -5.13%
13F Shares 13M 13M -0.37%
Total Value $130M $185M -29.95%
New Positions 13 18 -5
Increased Positions 35 40 -5
Closed Positions 19 19 -
Reduced Positions 43 36 +7
Total Calls 5 3 66.67%
Total Puts 4 5 -20.0%
PUT/CALL Ratio 0.8 1.67 Neutral

Statistics: TBCH

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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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Institutional Holders (2026 Q1)

111 + investors

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

QUARTER:
Top 25 institutional holders of TBCH — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Windward Management LP 12.53% 1,607,989 $16.3M
2 Prentice Capital Management, LP 2.50% 112,836 $1.1M
3 GARNET EQUITY CAPITAL HOLDINGS, INC. 2.39% 1,513,959 $15.4M
4 Windward Management LP 1.95% 250,000 $2.5M
5 CDC Financial, Inc. 0.99% 153,982 $1.6M
6 Pullen Investment Management, LLC 0.81% 158,866 $1.6M
7 Shay Capital LLC 0.54% 640,617 $6.5M
8 FORMULA GROWTH LTD 0.25% 55,075 $558K
9 Pinnacle Holdings, LLC 0.21% 64,435 $653K
10 North Star Investment Management Corp. 0.13% 207,144 $2.1M
11 GLOBEFLEX CAPITAL L P 0.09% 56,665 $575K
12 Atom Investors LP 0.03% 37,333 $379K
13 Linden Thomas Advisory Services, LLC 0.02% 24,084 $244K
14 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% 88,700 $899K
15 Caption Management, LLC 0.01% 243,600 $2.5M
16 AlphaQuest LLC 0.01% 17,505 $246K
17 One Wealth Advisors, LLC 0.01% 10,504 $107K
18 MARTINGALE ASSET MANAGEMENT L P 0.01% 45,084 $457K
19 LSV ASSET MANAGEMENT 0.01% 393,600 $4K
20 Westside Investment Management, Inc. 0.01% 5,500 $56K
21 Caption Management, LLC 0.01% 126,494 $1.3M
22 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% 135,777 $1.4M
23 EverSource Wealth Advisors, LLC 0.01% 1,571 $182K
24 Covestor Ltd 0.00% 659 —
25 Caption Management, LLC 0.00% 80,000 $811K
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 — TURTLE BEACH CORP (TBCH)

What does the Smart Money Trend signal show for TBCH?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their TBCH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for TBCH?

More sellers than buyers — 43% buying: Last quarter: 65 funds reduced or exited vs 50 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for TBCH holders?

Strong quality — 36% AUM from major funds: 36 of 111 holders rank in the top 100 by AUM, accounting for 36% 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 TBCH?

59% of holders stayed for 2+ years: 66 out of 111 hedge funds have held TBCH 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 TURTLE BEACH CORP (TBCH) following the 2026 Q1 hedge fund 13F filings?

As of today, TBCH has moved -1.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to -1.1% for the XLK sector ETF — an outperformance of -0.1%. Since the quarter end (March 31, 2026), TBCH has gained +9.2% vs +31.2% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near 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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