Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

VEON LTD (VEON)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +20
Streak
8Q ▲
Buyers last Q
57%

Smart Money Signals — VEON

Based on 108 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 8 quarters in a row

last 6Q
For 8 consecutive quarters, more hedge funds added VEON 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
108 hedge funds hold VEON 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 — +83% more funds vs a year ago

fund count last 6Q
+49 new funds entered over the past year (+83% 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 — 57% buying

62 buying46 selling
Last quarter: 62 funds bought or added vs 46 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.
➡️

Steady new buyers — ~32 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 13 → 12 → 31 → 32. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 30% long-term, 53% new

■ 30% conviction (2yr+) ■ 18% medium ■ 53% new
Of the 108 current holders: 32 (30%) held >2 years, 19 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.
🚀

Acceleration phase — new buyers rushing in

15 → 13 → 12 → 31 → 32 new funds/Q
New funds entering each quarter: 13 → 12 → 31 → 32. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🌱

Early stage — 59% of holders entered in last year

■ 29% veterans ■ 12% 1-2yr ■ 59% new
Of 112 current holders: 66 (59%) entered in the past year, only 32 (29%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
📋

Smaller funds dominant — 12% AUM from top-100

12% from top-100 AUM funds
16 of 108 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
5.4
out of 10
Moderate Exit Risk
Exit risk score 5.4/10 — 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 — VEON

In 2025 Q4, 62 hedge funds were net buyers of VEON (32 opened a new position, 30 added to an existing one), while 46 reduced or exited (34 trimmed, 12 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 8 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +20 funds (more new holders than closures). Total institutional holders: 108.

Hedge Fund Ownership: VEON

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

Market Analysis: VEON

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: VEON

Communication Services Telecom Services

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.

17 top-rated funds 3 high-conviction
Consensus
5.5
/ 10
breadth
×
Elite
3.2
/ 10
conviction
Hedge Fund Positioning: VEON
2026 Q1 Stats Unlock in 9 days 112 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 112 92 21.74%
13F Shares 17M 17M 2.08%
Total Value $908M $921M -1.38%
New Positions 32 31 +1
Increased Positions 38 28 +10
Closed Positions 12 11 +1
Reduced Positions 40 26 +14
Total Calls 2 2 -
Total Puts 2 2 -
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: VEON

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/Revenue --
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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Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

112 + investors

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

Top 25 institutional holders of VEON — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 SHAH CAPITAL MANAGEMENT 43.44% 4,890,497 $226.4M
2 Dorsey Wright & Associates 0.20% 35,457 $1.6M
3 AdvisorShares Investments LLC 0.14% 16,962 $785K
4 RWC Asset Management LLP 0.07% 38,040 $1.8M
5 PERSONAL CFO SOLUTIONS, LLC 0.03% 4,689 $217K
6 DIVERSIFY WEALTH MANAGEMENT, LLC 0.03% 30,497 $1.5M
7 Walleye Capital LLC 0.02% 90,486 $4.2M
8 SBI Securities Co., Ltd. 0.01% 9,782 $453K
9 QRG CAPITAL MANAGEMENT, INC. 0.01% 17,557 $813K
10 Pictet Asset Management Holding SA 0.01% 161,687 $7.5M
11 GAMMA Investing LLC 0.01% 3,387 $157K
12 Russell Investments Group, Ltd. 0.01% 111,638 $5.2M
13 Atria Investments, Inc 0.00% 6,751 $313K
14 TOTH FINANCIAL ADVISORY CORP 0.00% 300 $14K
15 Ascentis Wealth Management, LLC 0.00% 160 $7K
16 Handelsbanken Fonder AB 0.00% 6,900 —
17 Investors Research Corp 0.00% 100 $5K
18 MML INVESTORS SERVICES, LLC 0.00% 6,723 $311K
19 Retirement Wealth Solutions LLC 0.00% 24 $1K
20 Cranbrook Wealth Management, LLC 0.00% 55 $3K
21 ENVESTNET ASSET MANAGEMENT INC 0.00% 29,958 $1.4M
22 DEUTSCHE BANK AG\ 0.00% 12,000 $556K
23 Union Bancaire Privee, UBP SA 0.00% 319 $11K
24 IFP Advisors, Inc 0.00% 145 $7K
25 UBS Group AG 0.00% 17,217 $797K
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 — VEON LTD (VEON)

What does the Smart Money Trend signal show for VEON?

Buying streak — 8 quarters in a row: For 8 consecutive quarters, more hedge funds added VEON 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 VEON?

Slight buying edge — 57% buying: Last quarter: 62 funds bought or added vs 46 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 VEON holders?

Smaller funds dominant — 12% AUM from top-100: 16 of 108 holders rank in the top 100 by AUM, but together hold only 12% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held VEON?

Mixed — 30% long-term, 53% new: Of the 108 current holders: 32 (30%) held >2 years, 19 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.