Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Adtran Holdings Inc (ADTN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +15
Streak
1Q ▲
Buyers last Q
57%

Smart Money Signals — ADTN

Based on 226 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 ADTN 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
226 hedge funds hold ADTN 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 — +11% more funds vs a year ago

fund count last 6Q
+22 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

133 buying100 selling
Last quarter: 133 funds bought or added vs 100 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.
📈

More new buyers each quarter (+23 vs last Q)

new funds entering per quarter
Funds opening a new ADTN position: 28 → 48 → 26 → 49. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 21% medium ■ 19% new
135 out of 226 hedge funds have held ADTN 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.
💰

Value +55% but shares only +9% — price-driven

Value
+54%
Shares
+9%
Last quarter: the total dollar value of institutional holdings rose +55%, but actual share count only changed +9%. 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.
➡️

Steady discovery — ~49 new funds/quarter

67 → 28 → 48 → 26 → 49 new funds/Q
New funds entering each quarter: 28 → 48 → 26 → 49. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 70% veterans vs 21% newcomers

■ 70% veterans ■ 9% 1-2yr ■ 21% new
Entry-cohort mix of 231 holders: 162 (70%) are 2+ year veterans, 20 entered 1–2 years ago, and 49 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 28% AUM from major funds

28% from top-100 AUM funds
45 of 225 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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 — ADTN

In 2026 Q1, 133 hedge funds were net buyers of ADTN (49 opened a new position, 84 added to an existing one), while 100 reduced or exited (66 trimmed, 34 sold completely) — a 57% buyer ratio, indicating a slight buying edge. 28% of total institutional value in ADTN is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +15 funds (more new holders than closures). Total institutional holders: 226.

Hedge Fund Ownership: ADTN

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

Market Analysis: ADTN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ADTN

-- --

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

Is It Too Late to Buy Adtran Holdings Inc (ADTN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ADTN 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 · 78d ago
ADTN
+20.3%
XLK
+40.1%

ADTN outperformed XLK by -19.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
ADTN
+1.5%
XLK
+5.6%

Since the filing became public, ADTN outperformed XLK by -4.1% .

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.

28 top-rated funds 4 high-conviction
Consensus
6.3
/ 10
breadth
×
Elite
4.3
/ 10
conviction
Hedge Fund Positioning: ADTN
225 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 225 211 6.64%
13F Shares 77M 71M 9.36%
Total Value $947M $612M 54.62%
New Positions 48 26 +22
Increased Positions 85 73 +12
Closed Positions 34 37 -3
Reduced Positions 63 81 -18
Total Calls 2 2 -
Total Puts 3 2 50.0%
PUT/CALL Ratio 1.5 1.0 Bearish

Statistics: ADTN

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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) --
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Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

225 + investors

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

QUARTER:
Top 25 ADTN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Divisar Capital Management LLC 5.67% 1,769,439 $22.3M
2 Tieton Capital Management, LLC 4.36% 1,035,167 $13.0M
3 1492 Capital Management LLC 2.99% 625,024 $7.9M
4 Shannon River Fund Management LLC 2.93% 1,219,976 $15.3M
5 Westerly Capital Management, LLC 2.74% 800,000 $10.1M
6 Kerrisdale Advisers, LLC 2.64% 552,010 $6.9M
7 Worth Venture Partners, LLC 1.95% 48,908 $615K
8 Lisanti Capital Growth, LLC 1.07% 336,965 $4.2M
9 White Pine Capital LLC 1.04% 294,369 $3.7M
10 Manatuck Hill Partners, LLC 0.85% 250,000 $3.1M
11 Potomac Capital Management, Inc. 0.84% 77,200 $971K
12 Needham Investment Management LLC 0.79% 1,228,500 $15.5M
13 Nierenberg Investment Management Company, LLC 0.58% 93,110 $1.2M
14 Koesten, Hirschmann & Crabtree, INC. 0.52% 84,854 $1.1M
15 nVerses Capital, LLC 0.51% 44,853 $564K
16 Kovack Advisors, Inc. 0.50% 736,000 $9.4M
17 Heartland Advisors Inc 0.48% 750,000 $9.4M
18 Olympiad Research LP 0.47% 12,342 $155K
19 Royce & Associates LP 0.39% 3,127,403 $39.3M
20 Paradigm Capital Management Inc/Ny 0.35% 733,200 $9.2M
21 HERALD INVESTMENT MANAGEMENT Ltd 0.35% 200,000 $2.5M
22 Cramer Rosenthal Mcglynn LLC 0.27% 287,178 $3.6M
23 Globeflex Capital L P 0.25% 132,417 $1.7M
24 EntryPoint Capital, LLC 0.20% 53,446 $672K
25 Symmetry Peak Management LLC 0.19% 54,300 $683K
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 — Adtran Holdings Inc (ADTN)

What does the Smart Money Trend signal show for ADTN?

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

Slight buying edge — 57% buying: Last quarter: 133 funds bought or added vs 100 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 ADTN holders?

Strong quality — 28% AUM from major funds: 45 of 225 holders rank in the top 100 by AUM, accounting for 28% 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 ADTN?

60% of holders stayed for 2+ years: 135 out of 226 hedge funds have held ADTN 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 Adtran Holdings Inc (ADTN) following the 2026 Q1 hedge fund 13F filings?

As of today, ADTN has moved +1.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.6% for the XLK sector ETF — an outperformance of -4.1%. Since the quarter end (March 31, 2026), ADTN has gained +20.3% vs +40.1% 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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