Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Xenon Pharmaceuticals Inc (XENE)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +42
Streak
3Q ▲
Buyers last Q
67%

Smart Money Signals — XENE

Based on 294 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added XENE 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
294 hedge funds hold XENE 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 — +41% more funds vs a year ago

fund count last 6Q
+85 new funds entered over the past year (+41% 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 — 67% buying

207 buying100 selling
Last quarter: 207 funds were net buyers (79 opened a brand new position + 128 added to an existing one). Only 100 were sellers (63 trimmed + 37 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+22 vs last Q)

new funds entering per quarter
Funds opening a new XENE position: 40 → 35 → 57 → 79. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 19% medium ■ 31% new
147 out of 294 hedge funds have held XENE 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.
💰

Value +51% but shares only +20% — price-driven

Value
+50%
Shares
+19%
Last quarter: the total dollar value of institutional holdings rose +51%, but actual share count only changed +20%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
🚀

Acceleration phase — new buyers rushing in

21 → 40 → 35 → 57 → 79 new funds/Q
New funds entering each quarter: 40 → 35 → 57 → 79. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 58% veterans vs 33% newcomers

■ 58% veterans ■ 9% 1-2yr ■ 33% new
Entry-cohort mix of 306 holders: 178 (58%) are 2+ year veterans, 28 entered 1–2 years ago, and 100 (33%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 47% AUM from top-100 funds

47% from top-100 AUM funds
57 of 290 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in XENE. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.4
out of 10
Moderate Exit Risk
Exit risk score 4.4/10 — 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.

Institutional Sentiment Summary — XENE

In 2026 Q1, 207 hedge funds were net buyers of XENE (79 opened a new position, 128 added to an existing one), while 100 reduced or exited (63 trimmed, 37 sold completely) — a 67% buyer ratio, indicating clear institutional accumulation. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 47% of total institutional value in XENE is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +42 funds (more new holders than closures). Total institutional holders: 294.

Hedge Fund Ownership: XENE

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

Market Analysis: XENE

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: XENE

-- --

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

Is It Too Late to Buy Xenon Pharmaceuticals Inc (XENE) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much XENE has moved relative to its sector benchmark (XLV) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 46d ago
XENE
+3.3%
XLV
+5.5%

XENE outperformed XLV by -2.2% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 1d ago
XENE
+0.0%
XLV
+0.0%

Since the filing became public, XENE outperformed XLV by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

25 top-rated funds 9 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
5.7
/ 10
conviction
Hedge Fund Positioning: XENE
2026 Q2 Stats Unlock in 4 days 290 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 290 252 15.08%
13F Shares 103M 86M 19.53%
Total Value $5.74B $3.80B 50.93%
New Positions 79 57 +22
Increased Positions 130 81 +49
Closed Positions 37 24 +13
Reduced Positions 57 74 -17
Total Calls 9 7 28.57%
Total Puts 7 8 -12.5%
PUT/CALL Ratio 0.78 1.14 Neutral

Statistics: XENE

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

290 + investors

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

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 XENE holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 TLS Advisors LLC 5.49% 30,956 $1.9M
2 NEXTBio Capital Management LP 5.09% 183,225 $11.1M
3 Jones Hill Capital LP 4.72% 367,900 $22.2M
4 Affinity Asset Advisors, LLC 4.35% 1,595,000 $96.3M
5 Trails Edge Capital Partners, LP 4.22% 440,000 $26.6M
6 First Turn Management, LLC 3.88% 600,200 $36.2M
7 Foresite Capital Management IV, LLC 3.33% 160,000 $9.7M
8 Avoro Capital Advisors LLC 3.13% 5,777,777 $348.7M
9 DAFNA Capital Management LLC 2.89% 250,772 $15.1M
10 Octagon Capital Advisors LP 2.66% 490,000 $29.6M
11 Caligan Partners LP 2.53% 889,944 $53.7M
12 Braidwell LP 2.53% 1,131,452 $68.3M
13 Parkman Healthcare Partners LLC 2.46% 397,379 $24.0M
14 Patient Square Capital LP 2.06% 220,000 $13.3M
15 Rock Springs Capital Management LP 2.01% 683,907 $41.3M
16 Act Capital Management, LLC 1.89% 48,000 $2.9M
17 Novo Holdings A/S 1.70% 485,438 $29.3M
18 Siren, L.L.C. 1.61% 1,318,564 $79.6M
19 Driehaus Capital Management LLC 1.55% 4,418,557 $266.7M
20 NAN FUNG TRINITY (HK) Ltd 1.48% 247,765 $15.0M
21 Nicholas Investment Partners, LP 1.35% 395,844 $23.9M
22 Silverarc Capital Management, LLC 1.17% 186,821 $11.3M
23 Logos Global Management LP 1.17% 450,000 $27.2M
24 Deerfield Management Company, L.P. 1.02% 1,615,696 $97.5M
25 Orbimed Advisors LLC 1.00% 892,471 $53.9M
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 — Xenon Pharmaceuticals Inc (XENE)

What does the Smart Money Trend signal show for XENE?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added XENE 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 XENE?

More buyers than sellers — 67% buying: Last quarter: 207 funds were net buyers (79 opened a brand new position + 128 added to an existing one). Only 100 were sellers (63 trimmed + 37 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for XENE holders?

Elite ownership — 47% AUM from top-100 funds: 57 of 290 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in XENE. 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 XENE?

50% of holders stayed for 2+ years: 147 out of 294 hedge funds have held XENE 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.

Is it too late to buy Xenon Pharmaceuticals Inc (XENE) following the 2026 Q2 hedge fund 13F filings?

As of today, XENE has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the XLV sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), XENE has gained +3.3% vs +5.5% for XLV. 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.

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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