Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Exagen Inc (XGN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -20
Streak
1Q ▼
Buyers last Q
40%

Smart Money Signals — XGN

Based on 60 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 XGN 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 — 75% of 3.0Y peak

75% of all-time peak
60 funds currently hold this stock — 75% of the 3.0-year high of 80 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +62% more funds vs a year ago

fund count last 6Q
+23 new funds entered over the past year (+62% 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 sellers than buyers — 40% buying

32 buying48 selling
Last quarter: 48 funds reduced or exited vs 32 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 (-19 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 22 → 19 → 26 → 7. 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.
📌

Mixed — 35% long-term, 35% new

■ 35% conviction (2yr+) ■ 30% medium ■ 35% new
Of the 60 current holders: 21 (35%) held >2 years, 18 held 1–2 years, and 21 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💎

Buying through price weakness — shares -9%, value -59%

Value
-58%
Shares
-9%
Last quarter: funds added -9% more shares while total portfolio value only changed -59%. 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

4 → 22 → 19 → 26 → 7 new funds/Q
New funds entering each quarter: 22 → 19 → 26 → 7. XGN is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 42% veterans vs 52% newcomers

■ 42% veterans ■ 7% 1-2yr ■ 52% new
Entry-cohort mix of 60 holders: 25 (42%) are 2+ year veterans, 4 entered 1–2 years ago, and 31 (52%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 14% AUM from top-100

14% from top-100 AUM funds
19 of 60 holders rank in the top 100 by AUM, but together hold only 14% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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 — XGN

In 2026 Q1, 32 hedge funds were net buyers of XGN (7 opened a new position, 25 added to an existing one), while 48 reduced or exited (21 trimmed, 27 sold completely) — a 40% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: -20 funds (more exits than new entries). Total institutional holders: 60.

Hedge Fund Ownership: XGN

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

Market Analysis: XGN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: XGN

-- --

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.

3 top-rated funds 1 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: XGN
55 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 55 60 -8.33%
13F Shares 8M 10M -19.3%
Total Value $34M $27M 26.84%
New Positions 8 7 +1
Increased Positions 14 25 -11
Closed Positions 13 27 -14
Reduced Positions 24 21 +3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: XGN

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Financial Highlights

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Institutional Holders (2026 Q2)

55 + investors

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

QUARTER:
Top 25 XGN holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 FourWorld Capital Management LLC 2.52% 596,528 $2.8M
2 Nano Cap New Millennium Growth Fund L P 2.41% 675,000 $3.1M
3 Mink Brook Asset Management LLC 0.98% 475,944 $2.2M
4 Wexford Capital LP 0.47% 792,855 $3.7M
5 Perkins Capital Management Inc 0.20% 56,796 $264K
6 R Squared Ltd 0.06% 26,073 $121K
7 Gwn Securities INC. 0.06% 78,034 $363K
8 Kennedy Capital Management LLC 0.04% 485,048 $2.3M
9 Flputnam Investment Management Co 0.02% 288,810 $1.3M
10 Silvercrest Asset Management Group LLC 0.02% 514,761 $2.4M
11 Axq Capital, LP 0.01% 27,948 $130K
12 Perceptive Advisors LLC 0.01% 114,893 $534K
13 Rtw Investments, LP 0.01% 195,000 $907K
14 XTX Topco Ltd 0.01% 111,948 $521K
15 Occudo Quantitative Strategies LP 0.01% 20,632 $96K
16 Truvestments Capital LLC 0.00% 5,659 $26K
17 Bridgeway Capital Management, LLC 0.00% 30,002 $140K
18 First Eagle Investment Management, LLC 0.00% 306,965 $1.4M
19 Engineers Gate Manager LP 0.00% 37,000 $172K
20 Man Group plc 0.00% 167,292 $778K
21 Marshall Wace, LLP 0.00% 306,703 $1.4M
22 Arax Advisory Partners 0.00% 20,918 $97K
23 Squarepoint Ops LLC 0.00% 108,993 $507K
24 Sei Investments Co 0.00% 109,005 $507K
25 Tower Research Capital LLC (TRC) 0.00% 2,968 $14K
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 — Exagen Inc (XGN)

What does the Smart Money Trend signal show for XGN?

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

More sellers than buyers — 40% buying: Last quarter: 48 funds reduced or exited vs 32 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 XGN holders?

Smaller funds dominant — 14% AUM from top-100: 19 of 60 holders rank in the top 100 by AUM, but together hold only 14% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held XGN?

Mixed — 35% long-term, 35% new: Of the 60 current holders: 21 (35%) held >2 years, 18 held 1–2 years, and 21 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

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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