Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Transmedics Group Inc (TMDX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -15
Streak
1Q ▼
Buyers last Q
50%

Smart Money Signals — TMDX

Based on 418 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their TMDX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (97% of max)

97% of all-time peak
418 hedge funds hold TMDX 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 — +38% more funds vs a year ago

fund count last 6Q
+116 new funds entered over the past year (+38% 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.
🟡

Slight buying edge — 50% buying

219 buying218 selling
Last quarter: 219 funds bought or added vs 218 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.
⚠️

Fewer new buyers each quarter (-28 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 105 → 75 → 92 → 64. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
📌

Mixed — 39% long-term, 28% new

■ 39% conviction (2yr+) ■ 33% medium ■ 28% new
Of the 418 current holders: 163 (39%) held >2 years, 139 held 1–2 years, and 116 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 -2%, value -20%

Value
-20%
Shares
-1%
Last quarter: funds added -2% more shares while total portfolio value only changed -20%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~64 new funds/quarter

52 → 105 → 75 → 92 → 64 new funds/Q
New funds entering each quarter: 105 → 75 → 92 → 64. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 45% veterans vs 33% newcomers

■ 45% veterans ■ 21% 1-2yr ■ 33% new
Entry-cohort mix of 432 holders: 196 (45%) are 2+ year veterans, 92 entered 1–2 years ago, and 144 (33%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 62% AUM from top-100 funds

62% from top-100 AUM funds
56 of 414 holders are among the 100 largest funds by AUM, controlling 62% of total institutional value in TMDX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — 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 — TMDX

In 2026 Q1, 219 hedge funds were net buyers of TMDX (64 opened a new position, 155 added to an existing one), while 218 reduced or exited (139 trimmed, 79 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 62% of total institutional value in TMDX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -15 funds (more exits than new entries). Total institutional holders: 418.

Hedge Fund Ownership: TMDX

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

Market Analysis: TMDX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TMDX

-- --

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

Is It Too Late to Buy Transmedics Group Inc (TMDX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TMDX has moved relative to its sector benchmark (XLV) since the 2026 Q2 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 June 30, 2026 · 45d ago
TMDX
+35.0%
XLV
+6.1%

TMDX outperformed XLV by +28.9% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 0d ago
TMDX
+0.0%
XLV
+0.0%

Since the filing became public, TMDX outperformed XLV by +0.0% .

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.

29 top-rated funds 2 high-conviction
Consensus
6.4
/ 10
breadth
×
Elite
2.6
/ 10
conviction
Hedge Fund Positioning: TMDX
2026 Q2 Stats Unlock in 5 days 414 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 414 432 -4.17%
13F Shares 38M 38M -1.84%
Total Value $3.66B $4.59B -20.3%
New Positions 62 92 -30
Increased Positions 151 154 -3
Closed Positions 80 46 +34
Reduced Positions 135 129 +6
Total Calls 9 11 -18.18%
Total Puts 9 9 -
PUT/CALL Ratio 1.0 0.82 Neutral

Statistics: TMDX

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Valuation Measures Data as of: --

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

Financial Highlights

Profitability
Profit Margin --
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Income Statement & Cash Flow
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Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q2)

414 + investors

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

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 TMDX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 FirstWave Capital Management LLC 5.61% 191,240 $12.7M
2 Bastion Asset Management Inc. 1.73% 79,452 $5.1M
3 Brown Capital Management LLC 1.19% 89,828 $6.0M
4 Timothy G. Youngquist 2020 Irrevocable Trust 0.86% 9,629 $1.2M
5 Taylor Frigon Capital Management LLC 0.84% 26,908 $1.8M
6 Emerald Advisers, LLC 0.77% 490,491 $32.6M
7 Emerald Mutual Fund Advisers Trust 0.71% 302,074 $20.1M
8 Summit Creek Advisors LLC 0.60% 26,707 $1.8M
9 Zevenbergen Capital Investments LLC 0.47% 308,391 $20.5M
10 Eddie Patel Inc 0.45% 11,288 $750K
11 CFG Wealth Management Services, Inc. 0.44% 4,689 $466K
12 Biondo Investment Advisors, LLC 0.36% 44,155 $2.9M
13 Renaissance Group LLC 0.29% 108,157 $7.2M
14 Sugar Maple Asset Management, LLC 0.26% 6,000 $399K
15 Militia Capital Management LLC 0.21% 21,000 $2.1M
16 SLT Holdings LLC 0.19% 4,499 $299K
17 Values First Advisors, Inc. 0.19% 6,434 $407K
18 Keystone Global Partners, LLC 0.18% 7,200 $478K
19 Strong Tower Advisory Services 0.18% 15,160 $1.0M
20 F/m Investments LLC 0.18% 51,906 $3.4M
21 Headlands Technologies LLC 0.17% 24,599 $1.6M
22 Plan A Wealth LLC 0.15% 5,167 $343K
23 Peregrine Capital Management LLC 0.15% 67,544 $4.5M
24 Emerald Investment Advisers, LLC 0.13% 30,456 $2.0M
25 Wasatch Advisors LP 0.13% 308,434 $20.5M
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 — Transmedics Group Inc (TMDX)

What does the Smart Money Trend signal show for TMDX?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their TMDX 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 TMDX?

Slight buying edge — 50% buying: Last quarter: 219 funds bought or added vs 218 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 TMDX holders?

Elite ownership — 62% AUM from top-100 funds: 56 of 414 holders are among the 100 largest funds by AUM, controlling 62% of total institutional value in TMDX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held TMDX?

Mixed — 39% long-term, 28% new: Of the 418 current holders: 163 (39%) held >2 years, 139 held 1–2 years, and 116 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.

Is it too late to buy Transmedics Group Inc (TMDX) following the 2026 Q2 hedge fund 13F filings?

As of today, TMDX has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the XLV sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), TMDX has gained +35.0% vs +6.1% for XLV. 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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