Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

White Mtns Ins Group Ltd (WTM)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -11
Streak
1Q ▼
Buyers last Q
42%

Smart Money Signals — WTM

Based on 355 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

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

At the ownership peak (97% of max)

97% of all-time peak
355 hedge funds hold WTM 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.
📶

Steady growth — +10% more funds vs a year ago

fund count last 6Q
+33 new funds entered over the past year (+10% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 42% buying

137 buying193 selling
Last quarter: 193 funds reduced or exited vs 137 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 (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 45 → 58 → 48 → 41. 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.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 20% medium ■ 15% new
228 out of 355 hedge funds have held WTM 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.
➡️

Steady discovery — ~41 new funds/quarter

34 → 45 → 58 → 48 → 41 new funds/Q
New funds entering each quarter: 45 → 58 → 48 → 41. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 68% veterans vs 19% newcomers

■ 68% veterans ■ 13% 1-2yr ■ 19% new
Entry-cohort mix of 355 holders: 240 (68%) are 2+ year veterans, 47 entered 1–2 years ago, and 68 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds
55 of 354 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in WTM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 — WTM

In 2026 Q2, 137 hedge funds were net buyers of WTM (41 opened a new position, 96 added to an existing one), while 193 reduced or exited (141 trimmed, 52 sold completely) — a 42% buyer ratio, indicating roughly balanced activity. 40% of total institutional value in WTM is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -11 funds (more exits than new entries). Total institutional holders: 355.

Hedge Fund Ownership: WTM

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

Market Analysis: WTM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: WTM

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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.

14 top-rated funds 1 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
2.5
/ 10
conviction
Hedge Fund Positioning: WTM
354 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 354 366 -3.28%
13F Shares 2M 2M -1.96%
Total Value $4.37B $4.70B -7.06%
New Positions 41 48 -7
Increased Positions 96 119 -23
Closed Positions 52 34 +18
Reduced Positions 141 110 +31
Total Calls 0 0 -
Total Puts 1 0 100%
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: WTM

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Institutional Holders (2026 Q2)

354 + investors

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

QUARTER:
Top 25 WTM holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Elkhorn Partners Limited Partnership 21.89% 12,320 $25.5M
2 Wallace Capital Management Inc. 18.20% 80,067 $166.0M
3 Mraz, Amerine & Associates, Inc. 6.61% 22,218 $46.1M
4 Triad Investment Management 5.65% 2,471 $5.1M
5 Speece Thorson Capital Group Inc 4.08% 9,215 $19.1M
6 River Road Asset Management, LLC 2.67% 115,880 $240.3M
7 Winmill & CO. Inc 2.20% 4,800 $10.0M
8 Reinhart Partners, LLC. 2.11% 44,480 $92.3M
9 Cooke & Bieler LP 2.04% 85,120 $176.5M
10 Fiduciary Management Inc /Wi/ 1.96% 66,550 $138.0M
11 Southeastern Asset Management Inc/Tn/ 1.85% 17,104 $35.5M
12 Regency Capital Management Inc.\DE 1.77% 2,146 $4.4M
13 Boussard & Gavaudan Gestion Sas 1.23% 11,679 $24.5M
14 Phocas Financial Corp. 1.17% 4,078 $8.5M
15 Gendell Jeffrey L 1.08% 59,243 $122.8M
16 Cannell & Spears LLC 1.02% 27,577 $57.2M
17 Pecaut & CO. 0.72% 1,142 $2.4M
18 London Co of Virginia 0.64% 54,025 $112.1M
19 Autumn Glory Partners, LLC 0.63% 1,080 $2.2M
20 Fuller & Thaler Asset Management, INC. 0.58% 101,892 $211.3M
21 Lexington Hill Partners, LLC 0.52% 520 $1.1M
22 Midwest Professional Planners, LTD. 0.47% 1,164 $2.4M
23 Sage Investment Counsel LLC 0.42% 200 $415K
24 Lummis Asset Management, LP 0.41% 325 $689K
25 Brave Asset Management Inc 0.41% 924 $1.9M
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 — White Mtns Ins Group Ltd (WTM)

What does the Smart Money Trend signal show for WTM?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their WTM 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 WTM?

More sellers than buyers — 42% buying: Last quarter: 193 funds reduced or exited vs 137 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 WTM holders?

Elite ownership — 40% AUM from top-100 funds: 55 of 354 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in WTM. 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 WTM?

64% of holders stayed for 2+ years: 228 out of 355 hedge funds have held WTM 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.

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