AARDVARK THERAPEUTICS INC (AARD): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

AARDVARK THERAPEUTICS INC (AARD)

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

Smart Money Signals — AARD

Based on 65 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q

For 4 consecutive quarters, more hedge funds added AARD 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

65 hedge funds hold AARD 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 — +6400% more funds vs a year ago

fund count last 6Q

+64 new funds entered over the past year (+6400% 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 — 77% buying

50 buying15 selling

Last quarter: 50 funds were net buyers (24 opened a brand new position + 26 added to an existing one). Only 15 were sellers (9 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+11 vs last Q)

new funds entering per quarter

Funds opening a new AARD position: 27 → 17 → 13 → 24. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔄

Mostly new holders — 71% entered in last year

■ 3% conviction (2yr+) ■ 26% medium ■ 71% new

Only 2 funds (3%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

📊

Peak discovery — momentum slowing

1 → 27 → 17 → 13 → 24 new funds/Q

New funds entering each quarter: 27 → 17 → 13 → 24. AARD is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🌱

Early stage — 94% of holders entered in last year

■ 6% veterans ■ 0% 1-2yr ■ 94% new

Of 65 current holders: 61 (94%) entered in the past year, only 4 (6%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.

📋

Smaller funds dominant — 14% AUM from top-100

14% from top-100 AUM funds

18 of 65 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.

6.8

out of 10

Moderate Exit Risk

Exit risk score 6.8/10 — 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.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	65	47	38.3%
13F Shares	11M	9M	13.56%
Total Value	$141M	$126M	12.11%
New Positions	24	13	+11
Increased Positions	26	20	+6
Closed Positions	6	1	+5
Reduced Positions	9	7	+2
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

38.3%

13F Shares

11M

13.56%

Total Value

$141M

$126M

12.11%

New Positions

+11

Increased Positions

Closed Positions

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

65 + investors

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

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

Top 10 institutional holders of AARD — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	China Universal Asset Management Co., Ltd.	0.00%	3,864	$15K
2	Hilton Head Capital Partners, LLC	0.00%	434	$2K
3	Stone House Investment Management, LLC	0.00%	1,000	$4K
4	Police & Firemen's Retirement System of New Jersey	0.00%	2,120	$8K
5	True Wealth Design, LLC	0.00%	49	—
6	GF FUND MANAGEMENT CO. LTD.	0.00%	483	$2K
7	Sterling Capital Management LLC	0.00%	233	—
8	IFP Advisors, Inc	0.00%	21	—
9	Farther Finance Advisors, LLC	0.00%	28	—
10	SJS Investment Consulting Inc.	0.00%	2	—

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 — AARDVARK THERAPEUTICS INC (AARD)

What does the Smart Money Trend signal show for AARD?

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

More buyers than sellers — 77% buying: Last quarter: 50 funds were net buyers (24 opened a brand new position + 26 added to an existing one). Only 15 were sellers (9 trimmed + 6 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for AARD holders?

Smaller funds dominant — 14% AUM from top-100: 18 of 65 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 AARD?

Mostly new holders — 71% entered in last year: Only 2 funds (3%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

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.

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AARDVARK THERAPEUTICS INC (AARD)

Smart Money Signals — AARD

Buying streak — 4 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +6400% more funds vs a year ago

More buyers than sellers — 77% buying

More new buyers each quarter (+11 vs last Q)

Mostly new holders — 71% entered in last year

Peak discovery — momentum slowing

Early stage — 94% of holders entered in last year

Smaller funds dominant — 14% AUM from top-100

Hedge Fund Ownership: AARD

Market Analysis: AARD

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: AARD

Hedge Fund Positioning: AARD

Statistics: AARD

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — AARDVARK THERAPEUTICS INC (AARD)

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