Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Wabash Natl Corp (WNC)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -12
Streak
1Q ▼
Buyers last Q
48%

Smart Money Signals — WNC

Based on 172 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their WNC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 69% of 3.0Y high

69% of all-time peak
Only 172 funds hold WNC today versus a peak of 250 funds at 2023 Q2 — just 69% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 23% fewer funds vs a year ago

fund count last 6Q
52 fewer hedge funds hold WNC compared to a year ago (-23% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 48% buying

86 buying95 selling
Last quarter: 95 funds reduced or exited vs 86 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.
⚠️

Fewer new buyers each quarter (-16 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 20 → 28 → 41 → 25. 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.
🔒

68% of holders stayed for 2+ years

■ 68% conviction (2yr+) ■ 16% medium ■ 16% new
117 out of 172 hedge funds have held WNC 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

66 → 20 → 28 → 41 → 25 new funds/Q
New funds entering each quarter: 20 → 28 → 41 → 25. A growing number of institutions are discovering WNC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 75% veterans vs 19% newcomers

■ 75% veterans ■ 6% 1-2yr ■ 19% new
Entry-cohort mix of 173 holders: 129 (75%) are 2+ year veterans, 11 entered 1–2 years ago, and 33 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 55% AUM from top-100 funds

55% from top-100 AUM funds
42 of 172 holders are among the 100 largest funds by AUM, controlling 55% of total institutional value in WNC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
1.9
out of 10
Low Exit Risk
Exit risk score 1.9/10 — 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 — WNC

In 2026 Q1, 86 hedge funds were net buyers of WNC (25 opened a new position, 61 added to an existing one), while 95 reduced or exited (58 trimmed, 37 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. 55% of total institutional value in WNC is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -12 funds (more exits than new entries). Total institutional holders: 172.

Hedge Fund Ownership: WNC

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

Market Analysis: WNC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: WNC

-- --

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

10 top-rated funds 1 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: WNC
164 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 164 173 -5.2%
13F Shares 38M 39M -3.5%
Total Value $497M $328M 51.42%
New Positions 32 25 +7
Increased Positions 54 60 -6
Closed Positions 40 36 +4
Reduced Positions 58 59 -1
Total Calls 3 0 100%
Total Puts 2 1 100.0%
PUT/CALL Ratio 0.67 0.0 Bullish

Statistics: WNC

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

164 + investors

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

QUARTER:
Top 25 WNC holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Womack Financial LLC 2.23% 249,557 $3.4M
2 Philadelphia Financial Management of San Francisco, LLC 1.98% 726,847 $9.8M
3 Pullen Investment Management, LLC 1.36% 217,162 $2.9M
4 Cambria Investment Management, L.P. 0.48% 717,897 $9.7M
5 SummerHaven Investment Management, LLC 0.45% 62,679 $846K
6 EVR Research LP 0.39% 58,000 $783K
7 Pacific Ridge Capital Partners, LLC 0.34% 138,996 $1.9M
8 Teton Advisors, LLC 0.34% 43,200 $583K
9 Bastion Asset Management Inc. 0.24% 55,664 $711K
10 Heartland Advisors Inc 0.18% 296,400 $4.0M
11 S&T Bank/Pa 0.16% 40,093 $541K
12 Invariant Investment Management 0.09% 12,051 $157K
13 Peregrine Capital Management LLC 0.09% 198,194 $2.7M
14 Cherokee Insurance Co 0.08% 15,000 $202K
15 Occudo Quantitative Strategies LP 0.06% 90,534 $1.2M
16 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.06% 3,932,346 $53.1M
17 Jacobs Levy Equity Management, Inc 0.05% 1,105,237 $14.9M
18 Bridgeway Capital Management, LLC 0.05% 203,474 $2.7M
19 Royce & Associates LP 0.05% 423,684 $5.7M
20 Axq Capital, LP 0.04% 24,976 $337K
21 Inceptionr LLC 0.04% 10,983 $148K
22 Inspire Investing, LLC 0.03% 50,821 $686K
23 Well Done, LLC 0.02% 12,176 $164K
24 NJ State Employees Deferred Compensation Plan 0.02% 20,000 $197K
25 XTX Topco Ltd 0.02% 119,346 $1.6M
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 — Wabash Natl Corp (WNC)

What does the Smart Money Trend signal show for WNC?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their WNC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for WNC?

More sellers than buyers — 48% buying: Last quarter: 95 funds reduced or exited vs 86 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 WNC holders?

Elite ownership — 55% AUM from top-100 funds: 42 of 172 holders are among the 100 largest funds by AUM, controlling 55% of total institutional value in WNC. 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 WNC?

68% of holders stayed for 2+ years: 117 out of 172 hedge funds have held WNC 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.

Full history →