Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Aaon Inc (AAON)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
1Q ▲
Buyers last Q
52%

Smart Money Signals — AAON

Based on 395 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added AAON 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 (97% of max)

97% of all-time peak
395 hedge funds hold AAON 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 — +6% more funds vs a year ago

fund count last 6Q
+23 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 52% buying

211 buying192 selling
Last quarter: 211 funds bought or added vs 192 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-8 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 66 → 83 → 68 → 60. 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.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 26% medium ■ 24% new
197 out of 395 hedge funds have held AAON 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 — ~60 new funds/quarter

66 → 66 → 83 → 68 → 60 new funds/Q
New funds entering each quarter: 66 → 83 → 68 → 60. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 55% veterans vs 30% newcomers

■ 55% veterans ■ 16% 1-2yr ■ 30% new
Entry-cohort mix of 402 holders: 220 (55%) are 2+ year veterans, 63 entered 1–2 years ago, and 119 (30%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 38% AUM from major funds

38% from top-100 AUM funds
51 of 395 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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 — AAON

In 2026 Q1, 211 hedge funds were net buyers of AAON (60 opened a new position, 151 added to an existing one), while 192 reduced or exited (133 trimmed, 59 sold completely) — a 52% buyer ratio, indicating a slight buying edge. 38% of total institutional value in AAON is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 395.

Hedge Fund Ownership: AAON

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

Market Analysis: AAON

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: AAON

-- --

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

Is It Too Late to Buy Aaon Inc (AAON) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much AAON has moved relative to its sector benchmark (XLI) 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 · 78d ago
AAON
+61.2%
XLI
+10.5%

AAON outperformed XLI by +50.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
AAON
-1.6%
XLI
+4.2%

Since the filing became public, AAON outperformed XLI by -5.8% .

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.

29 top-rated funds 0 high-conviction
Consensus
6.4
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: AAON
394 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 394 394 -
13F Shares 69M 74M -6.19%
Total Value $5.66B $5.61B 0.95%
New Positions 60 68 -8
Increased Positions 150 126 +24
Closed Positions 60 74 -14
Reduced Positions 130 150 -20
Total Calls 3 5 -40.0%
Total Puts 4 2 100.0%
PUT/CALL Ratio 1.33 0.4 Bearish

Statistics: AAON

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

394 + investors

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

QUARTER:
Top 25 AAON holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Spyglass Capital Management LLC 5.35% 858,840 $71.1M
2 Pembroke Management, LTD 5.15% 430,089 $35.6M
3 Geneva Capital Management LLC 3.03% 1,721,631 $142.5M
4 Decade Renewable Partners LP 2.57% 43,820 $3.2M
5 Jacobson & Schmitt Advisors, LLC 2.34% 155,986 $12.9M
6 Conestoga Capital Advisors, LLC 2.10% 1,270,237 $105.1M
7 Aperture Investors, LLC 1.91% 182,412 $15.1M
8 Allied Investment Advisors, LLC 1.90% 160,040 $13.2M
9 Champlain Investment Partners, LLC 1.68% 1,602,006 $132.6M
10 Ranger Investment Management, L.P. 1.54% 257,410 $21.3M
11 Copeland Capital Management, LLC 1.45% 787,617 $65.2M
12 Wasatch Advisors LP 1.25% 2,268,118 $187.7M
13 American Capital Management Inc 1.23% 276,884 $22.9M
14 Bokf, NA 0.86% 681,678 $56.4M
15 Senvest Management, LLC 0.85% 310,740 $25.7M
16 Impax Asset Management Group plc 0.83% 1,436,288 $118.9M
17 Chatham Capital Group, INC. 0.77% 63,873 $5.3M
18 LRT Capital Management, LLC 0.74% 9,560 $791K
19 Olistico Wealth, LLC 0.73% 17,903 $1.5M
20 Stephens Investment Management Group LLC 0.72% 634,114 $52.5M
21 Granite Investment Partners, LLC 0.71% 139,236 $11.5M
22 Next Century Growth Investors LLC 0.65% 108,535 $9.0M
23 Westview Management dba Westview Investment Advisors 0.64% 14,900 $1.2M
24 ArrowMark Colorado Holdings LLC 0.62% 280,196 $23.2M
25 Riverbridge Partners LLC 0.61% 302,369 $25.0M
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 — Aaon Inc (AAON)

What does the Smart Money Trend signal show for AAON?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added AAON 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 AAON?

Slight buying edge — 52% buying: Last quarter: 211 funds bought or added vs 192 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for AAON holders?

Strong quality — 38% AUM from major funds: 51 of 395 holders rank in the top 100 by AUM, accounting for 38% 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 AAON?

50% of holders stayed for 2+ years: 197 out of 395 hedge funds have held AAON 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 Aaon Inc (AAON) following the 2026 Q1 hedge fund 13F filings?

As of today, AAON has moved -1.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.2% for the XLI sector ETF — an outperformance of -5.8%. Since the quarter end (March 31, 2026), AAON has gained +61.2% vs +10.5% for XLI. 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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