Waterdrop Inc (WDH) Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Waterdrop Inc (WDH) following the 2026 Q2 hedge fund 13F filings?

As of today, WDH has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to -0.5% for the XLF sector ETF — an outperformance of +0.5%. Since the quarter end (June 30, 2026), WDH gained -11.5% vs +7.9% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Waterdrop Inc (WDH)

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

Smart Money Signals — WDH

Based on 41 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added WDH 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

41 hedge funds hold WDH 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 — +86% more funds vs a year ago

fund count last 6Q

+19 new funds entered over the past year (+86% 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 — 61% buying

20 buying13 selling

Last quarter: 20 funds were net buyers (13 opened a brand new position + 7 added to an existing one). Only 13 were sellers (7 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+7 vs last Q)

new funds entering per quarter

Funds opening a new WDH position: 13 → 13 → 6 → 13. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔄

Mostly new holders — 39% entered in last year

■ 20% conviction (2yr+) ■ 41% medium ■ 39% new

Only 8 funds (20%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

💎

Buying through price weakness — shares +2%, value -29%

Value

-29%

+2%

Last quarter: funds added +2% more shares while total portfolio value only changed -29%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

📊

Peak discovery — momentum slowing

14 → 13 → 13 → 6 → 13 new funds/Q

New funds entering each quarter: 13 → 13 → 6 → 13. WDH 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 — 39% veterans, 51% new entrants

■ 39% veterans ■ 10% 1-2yr ■ 51% new

Of 41 current holders: 16 (39%) held 2+ years, 4 held 1–2 years, 21 (51%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.

📋

Smaller funds dominant — 16% AUM from top-100

16% from top-100 AUM funds

13 of 41 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

4.7

out of 10

Moderate Exit Risk

Exit risk score 4.7/10 — 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.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	41	34	20.59%
13F Shares	25M	24M	2.46%
Total Value	$28M	$39M	-29.27%
New Positions	13	6	+7
Increased Positions	7	7	-
Closed Positions	6	7	-1
Reduced Positions	7	9	-2
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

20.59%

13F Shares

25M

24M

2.46%

Total Value

$28M

$39M

-29.27%

New Positions

Increased Positions

Closed Positions

-1

Reduced Positions

-2

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

41 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 WDH holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Boundless Plain Holdings Ltd	3.01%	11,485,432	$13.0M
2	IDG China Capital Fund III Associates L.P.	1.15%	5,729,041	$6.5M
3	IDG China Capital Fund GP III Associates Ltd.	0.44%	283,175	$320K
4	Avenir Tech Ltd	0.14%	859,202	$971K
5	Baader Bank Aktiengesellschaft	0.14%	1,603,508	$1.8M
6	EntryPoint Capital, LLC	0.12%	160,646	$182K
7	Ground Swell Capital, LLC	0.02%	13,683	$15K
8	SmartHarvest Portfolios, LLC	0.01%	32,086	$36K
9	Ethos Financial Group, LLC	0.00%	38,401	$43K
10	OVERSEA-CHINESE BANKING Corp Ltd	0.00%	19,081	$22K
11	JNBA Financial Advisors	0.00%	2,808	$3K
12	Renaissance Technologies LLC	0.00%	134,327	$152K
13	Police & Firemen's Retirement System of New Jersey	0.00%	23,970	$27K
14	Morgan Stanley	0.00%	3,271,149	$3.7M
15	SBI Securities Co., Ltd.	0.00%	6,000	$7K
16	XTX Topco Ltd	0.00%	10,050	$11K
17	Centiva Capital, LP	0.00%	12,328	$14K
18	Tower Research Capital LLC (TRC)	0.00%	2,866	$3K
19	Sei Investments Co	0.00%	40,824	$46K
20	Citadel Advisors LLC	0.00%	231,742	$262K
21	Millennium Management LLC	0.00%	61,475	$69K
22	Hrt Financial LP	0.00%	10,373	$11K
23	Arrowstreet Capital, Limited Partnership	0.00%	39,372	$44K
24	Kelleher Financial Advisors	0.00%	120	—
25	Goldman Sachs Group Inc	0.00%	164,440	$186K

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 — Waterdrop Inc (WDH)

What does the Smart Money Trend signal show for WDH?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added WDH 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 WDH?

More buyers than sellers — 61% buying: Last quarter: 20 funds were net buyers (13 opened a brand new position + 7 added to an existing one). Only 13 were sellers (7 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for WDH holders?

Smaller funds dominant — 16% AUM from top-100: 13 of 41 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held WDH?

Mostly new holders — 39% entered in last year: Only 8 funds (20%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Waterdrop Inc (WDH) following the 2026 Q2 hedge fund 13F filings?

As of today, WDH has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to -0.5% for the XLF sector ETF — an outperformance of +0.5%. Since the quarter end (June 30, 2026), WDH has gained -11.5% vs +7.9% for XLF. 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.

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Waterdrop Inc (WDH)

Smart Money Signals — WDH

Buying streak — 1 quarter in a row

At the ownership peak (100% of max)

Fast accumulation — +86% more funds vs a year ago

More buyers than sellers — 61% buying

More new buyers each quarter (+7 vs last Q)

Mostly new holders — 39% entered in last year

Buying through price weakness — shares +2%, value -29%

Peak discovery — momentum slowing

Mixed cohorts — 39% veterans, 51% new entrants

Smaller funds dominant — 16% AUM from top-100

Institutional Sentiment Summary — WDH

Hedge Fund Ownership: WDH

Market Analysis: WDH

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: WDH

Is It Too Late to Buy Waterdrop Inc (WDH) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: WDH

Statistics: WDH

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Waterdrop Inc (WDH)

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