Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Applied Optoelectronics Inc (AAOI)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +158
Streak
4Q ▲
Buyers last Q
71%

Smart Money Signals — AAOI

Based on 377 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added AAOI 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
377 hedge funds hold AAOI 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 — +150% more funds vs a year ago

fund count last 6Q
+226 new funds entered over the past year (+150% 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 — 71% buying

290 buying121 selling
Last quarter: 290 funds were net buyers (189 opened a brand new position + 101 added to an existing one). Only 121 were sellers (90 trimmed + 31 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+126 vs last Q)

new funds entering per quarter
Funds opening a new AAOI position: 43 → 54 → 63 → 189. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 31% long-term, 50% new

■ 31% conviction (2yr+) ■ 19% medium ■ 50% new
Of the 377 current holders: 116 (31%) held >2 years, 73 held 1–2 years, and 188 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.
💰

Value +169% but shares only +12% — price-driven

Value
+168%
Shares
+11%
Last quarter: the total dollar value of institutional holdings rose +169%, but actual share count only changed +12%. 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

28 → 43 → 54 → 63 → 189 new funds/Q
New funds entering each quarter: 43 → 54 → 63 → 189. 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 — 44% veterans vs 46% newcomers

■ 44% veterans ■ 10% 1-2yr ■ 46% new
Entry-cohort mix of 418 holders: 185 (44%) are 2+ year veterans, 41 entered 1–2 years ago, and 192 (46%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 36% AUM from major funds

36% from top-100 AUM funds
49 of 368 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
5.9
out of 10
Moderate Exit Risk
Exit risk score 5.9/10 — 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 — AAOI

In 2026 Q1, 290 hedge funds were net buyers of AAOI (189 opened a new position, 101 added to an existing one), while 121 reduced or exited (90 trimmed, 31 sold completely) — a 71% buyer ratio, indicating clear institutional accumulation. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 36% of total institutional value in AAOI is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +158 funds (more new holders than closures). Total institutional holders: 377.

Hedge Fund Ownership: AAOI

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

Market Analysis: AAOI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: AAOI

-- --

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

Is It Too Late to Buy Applied Optoelectronics Inc (AAOI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much AAOI has moved relative to its sector benchmark (XLK) since the 2026 Q1 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 March 31, 2026 · 79d ago
AAOI
+94.2%
XLK
+43.7%

AAOI outperformed XLK by +50.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
AAOI
-13.7%
XLK
+8.3%

Since the filing became public, AAOI outperformed XLK by -22.0% .

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.

35 top-rated funds 3 high-conviction
Consensus
6.8
/ 10
breadth
×
Elite
3.7
/ 10
conviction
Hedge Fund Positioning: AAOI
373 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 373 219 70.32%
13F Shares 64M 57M 11.48%
Total Value $5.15B $1.92B 168.47%
New Positions 185 63 +122
Increased Positions 99 92 +7
Closed Positions 31 27 +4
Reduced Positions 79 51 +28
Total Calls 29 15 93.33%
Total Puts 21 15 40.0%
PUT/CALL Ratio 0.72 1.0 Neutral

Statistics: AAOI

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Institutional Holders (2026 Q1)

373 + investors

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

QUARTER:
Top 25 AAOI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Andar Capital Management HK Ltd 9.69% 134,000 $11.3M
2 Ariose Capital Management Ltd 5.91% 104,000 $8.8M
3 Oberweis Asset Management Inc/ 5.87% 2,349,969 $198.8M
4 Scalar Gauge Management, LLC 4.84% 59,301 $5.0M
5 1492 Capital Management LLC 4.03% 125,136 $10.6M
6 Blue Jean Financial LLC 3.07% 44,039 $3.7M
7 Next Century Growth Investors LLC 1.97% 320,731 $27.1M
8 Global Trust Asset Management, LLC 1.93% 59,562 $5.0M
9 REX Advisers, LLC 1.86% 7,300 $618K
10 FirstWave Capital Management LLC 1.75% 19,454 $1.6M
11 Act Capital Management, LLC 1.72% 25,900 $2.2M
12 T3 Companies, LLC 1.71% 15,550 $1.3M
13 JAT Capital Mgmt LP 1.43% 10,014 $847K
14 Chung Wu Investment Group, LLC 1.36% 18,700 $1.6M
15 Geneva Partners, LLC 1.20% 29,515 $2.5M
16 Emerald Advisers, LLC 1.16% 433,882 $36.7M
17 Penn Capital Management Company, LLC 1.16% 176,453 $14.9M
18 Thames Capital Management LLC 1.13% 74,334 $6.3M
19 Emerald Mutual Fund Advisers Trust 1.12% 271,760 $23.0M
20 Hood River Capital Management LLC 1.08% 1,275,519 $107.9M
21 Sphera Funds Management LTD. 0.99% 73,400 $6.2M
22 Caitong International Asset Management Co., Ltd 0.96% 61,323 $5.2M
23 Zweig-DiMenna Associates LLC 0.94% 80,050 $6.8M
24 Pacific Point Advisors, LLC 0.89% 20,000 $1.7M
25 E20 Capital Ltd 0.85% 67,223 $2.3M
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 — Applied Optoelectronics Inc (AAOI)

What does the Smart Money Trend signal show for AAOI?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added AAOI 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 AAOI?

More buyers than sellers — 71% buying: Last quarter: 290 funds were net buyers (189 opened a brand new position + 101 added to an existing one). Only 121 were sellers (90 trimmed + 31 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for AAOI holders?

Strong quality — 36% AUM from major funds: 49 of 368 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held AAOI?

Mixed — 31% long-term, 50% new: Of the 377 current holders: 116 (31%) held >2 years, 73 held 1–2 years, and 188 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.

Is it too late to buy Applied Optoelectronics Inc (AAOI) following the 2026 Q1 hedge fund 13F filings?

As of today, AAOI has moved -13.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +8.3% for the XLK sector ETF — an outperformance of -22.0%. Since the quarter end (March 31, 2026), AAOI has gained +94.2% vs +43.7% for XLK. 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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