Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

TREVI THERAPEUTICS INC (TRVI)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +17
Streak
6Q ▲
Buyers last Q
62%

Smart Money Signals — TRVI

Based on 181 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 6 quarters in a row

last 6Q
For 6 consecutive quarters, more hedge funds added TRVI 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
181 hedge funds hold TRVI 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 — +69% more funds vs a year ago

fund count last 6Q
+74 new funds entered over the past year (+69% 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 — 62% buying

110 buying67 selling
Last quarter: 110 funds were net buyers (33 opened a brand new position + 77 added to an existing one). Only 67 were sellers (51 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~33 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 47 → 38 → 34 → 33. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 29% long-term, 38% new

■ 29% conviction (2yr+) ■ 33% medium ■ 38% new
Of the 181 current holders: 53 (29%) held >2 years, 59 held 1–2 years, and 69 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 (+37% value, -0% shares)

Value
+36%
Shares
0%
Last quarter: total value of institutional TRVI holdings rose +37% even though funds reduced share count by 0%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
📊

Peak discovery — momentum slowing

26 → 47 → 38 → 34 → 33 new funds/Q
New funds entering each quarter: 47 → 38 → 34 → 33. TRVI is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
📊

Mixed cohorts — 35% veterans, 54% new entrants

■ 35% veterans ■ 12% 1-2yr ■ 54% new
Of 190 current holders: 66 (35%) held 2+ years, 22 held 1–2 years, 102 (54%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅

Strong quality — 26% AUM from major funds

26% from top-100 AUM funds
44 of 181 holders rank in the top 100 by AUM, accounting for 26% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.5
out of 10
Moderate Exit Risk
Exit risk score 4.5/10 — 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 — TRVI

In 2025 Q4, 110 hedge funds were net buyers of TRVI (33 opened a new position, 77 added to an existing one), while 67 reduced or exited (51 trimmed, 16 sold completely) — a 62% buyer ratio, indicating clear institutional accumulation. This marks 6 consecutive quarters of net institutional buying — a persistent conviction signal. 26% of total institutional value in TRVI is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +17 funds (more new holders than closures). Total institutional holders: 181.

Hedge Fund Ownership: TRVI

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

Market Analysis: TRVI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TRVI

-- --

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.

36 top-rated funds 4 high-conviction
Consensus
6.8
/ 10
breadth
×
Elite
3.9
/ 10
conviction
Hedge Fund Positioning: TRVI
2026 Q1 Stats Unlock in 2 days 185 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 185 165 12.12%
13F Shares 131M 131M -0.14%
Total Value $1.64B $1.20B 36.59%
New Positions 33 30 +3
Increased Positions 80 77 +3
Closed Positions 16 25 -9
Reduced Positions 63 53 +10
Total Calls 6 5 20.0%
Total Puts 3 4 -25.0%
PUT/CALL Ratio 0.5 0.8 Bullish

Statistics: TRVI

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Financial Highlights

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Institutional Holders (2026 Q1)

185 + investors

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

QUARTER:
Top 25 institutional holders of TRVI — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 NEA Management Company, LLC 8.97% 13,222,228 $157.7M
2 ACORN CAPITAL ADVISORS, LLC 7.27% 2,144,844 $25.6M
3 Pivotal bioVenture Partners Investment Advisor LLC 6.63% 1,553,726 $18.5M
4 Vivo Capital, LLC 5.07% 5,094,668 $60.8M
5 Artia Global Partners LP 4.81% 2,013,602 $24.0M
6 KVP Capital Advisors, LP 3.69% 414,000 $4.9M
7 Frazier Life Sciences Management, L.P. 3.05% 9,939,547 $118.6M
8 MPM BioImpact LLC 3.04% 3,298,430 $39.4M
9 SUPERSTRING CAPITAL MANAGEMENT LP 2.14% 251,566 $3.0M
10 Octagon Capital Advisors LP 1.96% 1,485,000 $17.7M
11 Propel Bio Management, LLC 1.67% 223,802 $2.6M
12 NAN FUNG TRINITY (HK) Ltd 1.50% 1,142,950 $13.6M
13 Logos Global Management LP 1.43% 2,400,000 $28.6M
14 Affinity Asset Advisors, LLC 1.23% 2,000,172 $23.9M
15 SPHERA FUNDS MANAGEMENT LTD. 1.09% 574,029 $6.8M
16 Jones Hill Capital LP 0.95% 370,175 $4.4M
17 Soleus Capital Management, L.P. 0.78% 1,620,000 $19.3M
18 SECTORAL ASSET MANAGEMENT INC 0.78% 74,446 $939K
19 EMERALD MUTUAL FUND ADVISERS TRUST 0.73% 1,262,492 $15.1M
20 Vestal Point Capital, LP 0.72% 2,166,504 $25.8M
21 EMERALD ADVISERS, LLC 0.69% 1,839,566 $21.9M
22 SILVERARC CAPITAL MANAGEMENT, LLC 0.62% 511,127 $6.1M
23 Siren, L.L.C. 0.59% 1,786,867 $21.3M
24 ORBIMED ADVISORS LLC 0.58% 2,454,400 $29.3M
25 Opaleye Management Inc. 0.54% 345,100 $4.1M
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 — TREVI THERAPEUTICS INC (TRVI)

What does the Smart Money Trend signal show for TRVI?

Buying streak — 6 quarters in a row: For 6 consecutive quarters, more hedge funds added TRVI 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 TRVI?

More buyers than sellers — 62% buying: Last quarter: 110 funds were net buyers (33 opened a brand new position + 77 added to an existing one). Only 67 were sellers (51 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for TRVI holders?

Strong quality — 26% AUM from major funds: 44 of 181 holders rank in the top 100 by AUM, accounting for 26% 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 TRVI?

Mixed — 29% long-term, 38% new: Of the 181 current holders: 53 (29%) held >2 years, 59 held 1–2 years, and 69 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.