Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

TWO HARBORS INVENTMENT CORPO (TWO)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
2Q ▲
Buyers last Q
48%

Smart Money Signals — TWO

Based on 196 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 TWO 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 (95% of max)

95% of all-time peak
196 hedge funds hold TWO 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 — +5% more funds vs a year ago

fund count last 6Q
+9 new funds entered over the past year (+5% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 4 quarters from the low — a sharp move.
🟠

More sellers than buyers — 48% buying

109 buying118 selling
Last quarter: 118 funds reduced or exited vs 109 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.
📈

More new buyers each quarter (+14 vs last Q)

new funds entering per quarter
Funds opening a new TWO position: 44 → 23 → 36 → 50. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 15% medium ■ 19% new
128 out of 196 hedge funds have held TWO 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.
📈

Growing discovery — still being found

26 → 44 → 23 → 36 → 50 new funds/Q
New funds entering each quarter: 44 → 23 → 36 → 50. A growing number of institutions are discovering TWO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 73% of holders stayed 2+ years

■ 73% veterans ■ 7% 1-2yr ■ 20% new
Of 204 current holders: 148 (73%) 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.
🏆

Elite ownership — 45% AUM from top-100 funds

45% from top-100 AUM funds
32 of 196 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in TWO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — 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 — TWO

In 2025 Q4, 109 hedge funds were net buyers of TWO (50 opened a new position, 59 added to an existing one), while 118 reduced or exited (70 trimmed, 48 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. Net buying has persisted for two consecutive quarters, a positive momentum signal. 45% of total institutional value in TWO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 196.

Hedge Fund Ownership: TWO

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

Market Analysis: TWO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TWO

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

Is It Too Late to Buy TWO HARBORS INVENTMENT CORPO (TWO) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TWO has moved relative to its sector benchmark (XLRE) 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 · 49d ago
TWO
+11.6%
XLRE
+7.1%

TWO outperformed XLRE by +4.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 4d ago
TWO
-1.3%
XLRE
+1.2%

Since the filing became public, TWO outperformed XLRE by -2.5% .

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 ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

44 top-rated funds 2 high-conviction
Consensus
7.2
/ 10
breadth
×
Elite
1.9
/ 10
conviction
Hedge Fund Positioning: TWO
2026 Q1 Stats Unlock in 1 days 204 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 204 202 0.99%
13F Shares 75M 70M 7.75%
Total Value $792M $692M 14.51%
New Positions 51 36 +15
Increased Positions 65 75 -10
Closed Positions 50 33 +17
Reduced Positions 86 65 +21
Total Calls 6 5 20.0%
Total Puts 4 4 -
PUT/CALL Ratio 0.67 0.8 Bullish

Statistics: TWO

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Institutional Holders (2026 Q1)

204 + investors

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

QUARTER:
Top 25 institutional holders of TWO — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sand Grove Capital Management LLP 7.96% 3,094,787 $35.3M
2 GraniteShares Advisors LLC 1.89% 229,665 $2.6M
3 HARVEST MANAGEMENT LLC 1.11% 200,000 $2.3M
4 Slotnik Capital, LLC 1.09% 325,000 $3.7M
5 NEXPOINT ASSET MANAGEMENT, L.P. 0.80% 1,043,637 $11.9M
6 TIG Advisors, LLC 0.73% 1,374,084 $15.7M
7 First Trust Capital Management L.P. 0.65% 1,082,650 $12.4M
8 Pekin Hardy Strauss, Inc. 0.54% 452,791 $5.2M
9 ALPINE ASSOCIATES MANAGEMENT INC. 0.45% 664,251 $7.6M
10 Melqart Asset Management (UK) Ltd 0.42% 376,970 $4.3M
11 AQR Arbitrage LLC 0.38% 2,021,084 $23.1M
12 PRELUDE CAPITAL MANAGEMENT, LLC 0.37% 423,103 $4.8M
13 APS Management Group, Inc. 0.30% 30,782 $352K
14 Governors Lane LP 0.24% 329,500 $3.8M
15 GABELLI & Co INVESTMENT ADVISERS, INC. 0.20% 119,385 $1.4M
16 COMMONS CAPITAL, LLC 0.15% 15,783 $180K
17 Advisors Asset Management, Inc. 0.15% 770,208 $8.8M
18 GARDNER LEWIS ASSET MANAGEMENT L P 0.13% 52,500 $600K
19 Rangeley Capital, LLC 0.11% 10,000 $114K
20 MARINER INVESTMENT GROUP LLC 0.11% 32,776 $374K
21 Ascentis Independent Advisors 0.11% 121,583 $1.4M
22 CREDIT INDUSTRIEL ET COMMERCIAL 0.08% 93,000 $1.1M
23 ABC ARBITRAGE SA 0.08% 51,454 $588K
24 BALYASNY ASSET MANAGEMENT L.P. 0.07% 4,929,421 $56.3M
25 Simplicity Wealth,LLC 0.07% 111,965 $1.3M
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 — TWO HARBORS INVENTMENT CORPO (TWO)

What does the Smart Money Trend signal show for TWO?

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

More sellers than buyers — 48% buying: Last quarter: 118 funds reduced or exited vs 109 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 TWO holders?

Elite ownership — 45% AUM from top-100 funds: 32 of 196 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in TWO. 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 TWO?

65% of holders stayed for 2+ years: 128 out of 196 hedge funds have held TWO 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 TWO HARBORS INVENTMENT CORPO (TWO) following the 2026 Q1 hedge fund 13F filings?

As of today, TWO has moved -1.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.2% for the XLRE sector ETF — an outperformance of -2.5%. Since the quarter end (March 31, 2026), TWO has gained +11.6% vs +7.1% for XLRE. 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.