Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

WATSCO INC (WSO)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -9
Streak
3Q ▼
Buyers last Q
44%

Smart Money Signals — WSO

Based on 709 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their WSO positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 91% of 3.0Y peak

91% of all-time peak
709 funds currently hold this stock — 91% of the 3.0-year high of 775 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 7% fewer funds vs a year ago

fund count last 6Q
55 fewer hedge funds hold WSO compared to a year ago (-7% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 44% buying

324 buying407 selling
Last quarter: 407 funds reduced or exited vs 324 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 (+30 vs last Q)

new funds entering per quarter
Funds opening a new WSO position: 87 → 75 → 74 → 104. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

67% of holders stayed for 2+ years

■ 67% conviction (2yr+) ■ 18% medium ■ 15% new
477 out of 709 hedge funds have held WSO 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.
💎

Buying through price weakness — shares +5%, value -14%

Value
-13%
Shares
+4%
Last quarter: funds added +5% more shares while total portfolio value only changed -14%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~104 new funds/quarter

89 → 87 → 75 → 74 → 104 new funds/Q
New funds entering each quarter: 87 → 75 → 74 → 104. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 69% of holders stayed 2+ years

■ 69% veterans ■ 13% 1-2yr ■ 18% new
Of 718 current holders: 493 (69%) 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 — 51% AUM from top-100 funds

51% from top-100 AUM funds
43 of 709 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in WSO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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.

Hedge Fund Ownership: WSO

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

Market Analysis: WSO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: WSO

-- --

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

Smart Money Signal ?
Broad Consensus, Selective Conviction

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

90 top-rated funds 3 high-conviction
Consensus
8.5
/ 10
breadth
×
Elite
2.8
/ 10
conviction
Hedge Fund Positioning: WSO
2026 Q1 Stats Unlock in 10 days 718 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 718 732 -1.91%
13F Shares 37M 36M 4.92%
Total Value $12.44B $14.38B -13.53%
New Positions 105 77 +28
Increased Positions 232 264 -32
Closed Positions 115 101 +14
Reduced Positions 313 292 +21
Total Calls 6 9 -33.33%
Total Puts 6 7 -14.29%
PUT/CALL Ratio 1.0 0.78 Neutral

Statistics: WSO

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Valuation Measures Data as of: --

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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) --
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Institutional Holders (2026 Q1)

718 + investors

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

Top 25 institutional holders of WSO — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 CALEDONIA INVESTMENTS PLC 9.89% 232,927 $84.7M
2 Patrick Mauro Investment Advisor, INC. 6.43% 35,170 $12.8M
3 Crown Oak Advisors, LLC 4.94% 27,097 $9.9M
4 Vantage Investment Partners, LLC 4.31% 171,864 $62.5M
5 SG Capital Management LLC 3.89% 161,191 $58.6M
6 DUDLEY & SHANLEY, INC. 3.31% 55,692 $20.3M
7 Redmond Asset Management, LLC 3.04% 30,579 $11.1M
8 Hamlin Capital Management, LLC 2.96% 337,335 $122.7M
9 GRACE & WHITE INC /NY 2.71% 42,200 $15.4M
10 SG Capital Management LLC 2.42% 100,000 $36.4M
11 DONALDSON CAPITAL MANAGEMENT, LLC 1.91% 162,639 $59.2M
12 Cutter & CO Brokerage, Inc. 1.81% 15,020 $7.6M
13 MARKEL GROUP INC. 1.77% 582,169 $211.8M
14 BUCKHEAD CAPITAL MANAGEMENT LLC 1.70% 12,430 $4.5M
15 LaFleur & Godfrey LLC 1.68% 37,030 $13.5M
16 Bath Savings Trust Co 1.46% 37,618 $13.7M
17 Ipswich Investment Management Co., Inc. 1.39% 16,292 $5.9M
18 DDD Partners, LLC 1.27% 50,496 $18.4M
19 Applied Capital LLC/FL 1.25% 7,295 $2.7M
20 WENDELL DAVID ASSOCIATES INC 1.22% 30,709 $11K
21 HOWLAND CAPITAL MANAGEMENT LLC 1.20% 83,164 $30.3M
22 RIVERBRIDGE PARTNERS LLC 1.17% 131,738 $47.9M
23 ARCADIA INVESTMENT MANAGEMENT CORP/MI 1.13% 18,065 $6.6M
24 DAVENPORT & Co LLC 1.08% 545,278 $198.4M
25 Triad Investment Management 1.05% 7,335 $2.9M
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 — WATSCO INC (WSO)

What does the Smart Money Trend signal show for WSO?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their WSO 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 WSO?

More sellers than buyers — 44% buying: Last quarter: 407 funds reduced or exited vs 324 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 WSO holders?

Elite ownership — 51% AUM from top-100 funds: 43 of 709 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in WSO. 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 WSO?

67% of holders stayed for 2+ years: 477 out of 709 hedge funds have held WSO 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.