Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Advance Auto Parts Inc (AAP)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +5
Streak
1Q ▲
Buyers last Q
51%

Smart Money Signals — AAP

Based on 363 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 AAP 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.
📊

High ownership — 78% of 3.0Y peak

78% of all-time peak
363 funds currently hold this stock — 78% of the 3.0-year high of 464 funds (reached 2023 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +6% more funds vs a year ago

fund count last 6Q
+21 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 — 51% buying

187 buying178 selling
Last quarter: 187 funds bought or added vs 178 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 (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 79 → 66 → 58 → 51. 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.
🔒

69% of holders stayed for 2+ years

■ 69% conviction (2yr+) ■ 15% medium ■ 15% new
252 out of 363 hedge funds have held AAP 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.
💰

Price up while funds trimmed (+26% value, -0% shares)

Value
+25%
Shares
+0%
Last quarter: total value of institutional AAP holdings rose +26% even though funds reduced share count by 0%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
📊

Peak discovery — momentum slowing

49 → 79 → 66 → 58 → 51 new funds/Q
New funds entering each quarter: 79 → 66 → 58 → 51. AAP 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 — 73% veterans vs 20% newcomers

■ 73% veterans ■ 7% 1-2yr ■ 20% new
Entry-cohort mix of 391 holders: 285 (73%) are 2+ year veterans, 29 entered 1–2 years ago, and 77 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 34% AUM from major funds

34% from top-100 AUM funds
51 of 352 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.3
out of 10
Low Exit Risk
Exit risk score 2.3/10 — 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 — AAP

In 2026 Q1, 187 hedge funds were net buyers of AAP (51 opened a new position, 136 added to an existing one), while 178 reduced or exited (132 trimmed, 46 sold completely) — a 51% buyer ratio, indicating a slight buying edge. 34% of total institutional value in AAP is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +5 funds (more new holders than closures). Total institutional holders: 363.

Hedge Fund Ownership: AAP

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

Market Analysis: AAP

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: AAP

-- --

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

Is It Too Late to Buy Advance Auto Parts Inc (AAP) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much AAP has moved relative to its sector benchmark (XLY) 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
AAP
+12.1%
XLY
+8.9%

AAP outperformed XLY by +3.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
AAP
+25.4%
XLY
+1.9%

Since the filing became public, AAP outperformed XLY by +23.5% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

26 top-rated funds 4 high-conviction
Consensus
6.2
/ 10
breadth
×
Elite
3.5
/ 10
conviction
Hedge Fund Positioning: AAP
362 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 362 358 1.12%
13F Shares 81M 81M -0.06%
Total Value $3.64B $2.89B 25.8%
New Positions 50 58 -8
Increased Positions 128 114 +14
Closed Positions 46 71 -25
Reduced Positions 125 130 -5
Total Calls 22 20 10.0%
Total Puts 16 19 -15.79%
PUT/CALL Ratio 0.73 0.95 Neutral

Statistics: AAP

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

362 + investors

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

QUARTER:
Top 25 AAP holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 H Partners Management, LLC 46.32% 1,350,000 $71.2M
2 Legion Partners Asset Management, LLC 30.66% 800,750 $42.2M
3 Estuary Capital Management LP 5.98% 677,616 $35.7M
4 Solas Capital Management, LLC 5.13% 169,163 $8.9M
5 Savoir Faire Capital Management, L.P. 3.34% 104,953 $5.5M
6 Two Creeks Capital Management, LP 2.75% 507,900 $26.8M
7 Maple Rock Capital Partners Inc. 2.23% 1,298,140 $68.5M
8 Veradace Capital Management LLC 1.64% 35,000 $1.8M
9 Elgethun Capital Management 1.50% 171,933 $9.1M
10 Dorsal Capital Management, LP 1.44% 700,000 $36.9M
11 Goodman Financial Corp 1.07% 117,561 $6.2M
12 Great Hill Capital LLC 0.93% 204,800 $14.3M
13 Private Management Group Inc 0.92% 603,723 $31.8M
14 Fluent Financial, LLC 0.84% 40,633 $2.3M
15 Roberts Wealth Advisors, LLC 0.81% 60,858 $3.2M
16 Cramer Rosenthal Mcglynn LLC 0.78% 202,665 $10.7M
17 MAC Alpha Capital Management, LP 0.77% 25,026 $1.3M
18 Pzena Investment Management LLC 0.74% 4,301,089 $226.9M
19 Parrish Capital LLC 0.68% 19,182 $754K
20 Royce & Associates LP 0.64% 1,223,902 $64.6M
21 Bragg Financial Advisors, Inc 0.63% 375,959 $19.8M
22 Great Hill Capital LLC 0.61% 178,596 $9.4M
23 LGT Financial Advisors LLC 0.54% 2,000 $106K
24 Fuller & Thaler Asset Management, INC. 0.50% 2,828,907 $149.2M
25 Hussman Strategic Advisors, INC. 0.48% 42,000 $2.2M
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 — Advance Auto Parts Inc (AAP)

What does the Smart Money Trend signal show for AAP?

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

Slight buying edge — 51% buying: Last quarter: 187 funds bought or added vs 178 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 AAP holders?

Strong quality — 34% AUM from major funds: 51 of 352 holders rank in the top 100 by AUM, accounting for 34% 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 AAP?

69% of holders stayed for 2+ years: 252 out of 363 hedge funds have held AAP 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 Advance Auto Parts Inc (AAP) following the 2026 Q1 hedge fund 13F filings?

As of today, AAP has moved +25.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.9% for the XLY sector ETF — an outperformance of +23.5%. Since the quarter end (March 31, 2026), AAP has gained +12.1% vs +8.9% for XLY. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to 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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