Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

VAREX IMAGING CORP (VREX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
2Q ▲
Buyers last Q
53%

Smart Money Signals — VREX

Based on 171 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 VREX 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.
📊

High ownership — 91% of 3.0Y peak

91% of all-time peak
171 funds currently hold this stock — 91% of the 3.0-year high of 188 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 9% fewer funds vs a year ago

fund count last 6Q
17 fewer hedge funds hold VREX compared to a year ago (-9% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 53% buying

86 buying76 selling
Last quarter: 86 funds bought or added vs 76 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 (-9 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 25 → 22 → 32 → 23. 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.
🔒

67% of holders stayed for 2+ years

■ 67% conviction (2yr+) ■ 20% medium ■ 13% new
115 out of 171 hedge funds have held VREX 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

31 → 25 → 22 → 32 → 23 new funds/Q
New funds entering each quarter: 25 → 22 → 32 → 23. A growing number of institutions are discovering VREX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 73% of holders stayed 2+ years

■ 73% veterans ■ 12% 1-2yr ■ 15% new
Of 171 current holders: 125 (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.
✅

Strong quality — 30% AUM from major funds

30% from top-100 AUM funds
32 of 171 holders rank in the top 100 by AUM, accounting for 30% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.9
out of 10
Low Exit Risk
Exit risk score 2.9/10 — 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 — VREX

In 2025 Q4, 86 hedge funds were net buyers of VREX (23 opened a new position, 63 added to an existing one), while 76 reduced or exited (57 trimmed, 19 sold completely) — a 53% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 30% of total institutional value in VREX is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 171.

Hedge Fund Ownership: VREX

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

Market Analysis: VREX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: VREX

Healthcare Medical Devices

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.

33 top-rated funds 0 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
0.4
/ 10
conviction
Hedge Fund Positioning: VREX
2026 Q1 Stats Unlock in 5 days 171 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 171 169 1.18%
13F Shares 40M 39M 2.61%
Total Value $465M $482M -3.49%
New Positions 23 32 -9
Increased Positions 63 59 +4
Closed Positions 20 25 -5
Reduced Positions 57 61 -4
Total Calls 1 3 -66.67%
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 0.33 Bullish

Statistics: VREX

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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

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Institutional Holders (2026 Q1)

171 + investors

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

Top 25 institutional holders of VREX — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Medina Value Partners, LLC 2.76% 1,241,238 $13.2M
2 JB CAPITAL PARTNERS LP 0.60% 326,254 $3.5M
3 SummerHaven Investment Management, LLC 0.58% 89,471 $949K
4 ESSEX INVESTMENT MANAGEMENT CO LLC 0.47% 279,551 $3.0M
5 COOKE & BIELER LP 0.16% 1,303,012 $13.8M
6 PZENA INVESTMENT MANAGEMENT LLC 0.14% 3,992,280 $42.4M
7 GLOBEFLEX CAPITAL L P 0.13% 79,192 $840K
8 Legato Capital Management LLC 0.10% 100,324 $1.1M
9 ROYCE & ASSOCIATES LP 0.08% 765,113 $8.1M
10 GSA CAPITAL PARTNERS LLP 0.05% 76,682 —
11 Allspring Global Investments Holdings, LLC 0.05% 2,647,263 $28.1M
12 Inspire Investing, LLC 0.04% 48,594 $516K
13 LSV ASSET MANAGEMENT 0.04% 1,762,096 $19K
14 ALGERT GLOBAL LLC 0.03% 215,635 $2K
15 State of Wyoming 0.03% 25,549 $271K
16 Claret Asset Management Corp 0.03% 22,492 —
17 MARTINGALE ASSET MANAGEMENT L P 0.02% 79,187 $840K
18 Polymer Capital Management (US) LLC 0.02% 17,192 $182K
19 ACADIAN ASSET MANAGEMENT LLC 0.02% 1,140,499 $12K
20 FourThought Financial Partners, LLC 0.02% 17,436 $185K
21 Neuberger Berman Group LLC 0.02% 1,924,949 $20.4M
22 Pacific Center for Financial Services 0.01% 5,180 $55K
23 PANAGORA ASSET MANAGEMENT INC 0.01% 295,538 $3.1M
24 Brooklyn Investment Group 0.01% 30,678 $325K
25 Cornerstone Investment Partners, LLC 0.01% 18,537 $197K
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 — VAREX IMAGING CORP (VREX)

What does the Smart Money Trend signal show for VREX?

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

Slight buying edge — 53% buying: Last quarter: 86 funds bought or added vs 76 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 VREX holders?

Strong quality — 30% AUM from major funds: 32 of 171 holders rank in the top 100 by AUM, accounting for 30% 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 VREX?

67% of holders stayed for 2+ years: 115 out of 171 hedge funds have held VREX 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.

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.