Aehr Test Sys (AEHR): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Aehr Test Sys (AEHR) following the 2026 Q1 hedge fund 13F filings?

As of today, AEHR has moved +15.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +8.6% for the XLK sector ETF — an outperformance of +7.3%. Since the quarter end (March 31, 2026), AEHR gained +210.9% vs +44.0% 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.

Aehr Test Sys (AEHR)

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

Smart Money Signals — AEHR

Based on 192 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 AEHR 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

192 hedge funds hold AEHR 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 — +64% more funds vs a year ago

fund count last 6Q

+75 new funds entered over the past year (+64% 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. The peak was reached in just 4 quarters from the low — a sharp move.

🟢

More buyers than sellers — 63% buying

126 buying74 selling

Last quarter: 126 funds were net buyers (62 opened a brand new position + 64 added to an existing one). Only 74 were sellers (53 trimmed + 21 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+33 vs last Q)

new funds entering per quarter

Funds opening a new AEHR position: 29 → 46 → 29 → 62. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

📌

Mixed — 39% long-term, 32% new

■ 39% conviction (2yr+) ■ 29% medium ■ 32% new

Of the 192 current holders: 74 (39%) held >2 years, 56 held 1–2 years, and 62 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 +78% but shares only +3% — price-driven

Value

+77%

+3%

Last quarter: the total dollar value of institutional holdings rose +78%, but actual share count only changed +3%. 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.

📈

Growing discovery — still being found

21 → 29 → 46 → 29 → 62 new funds/Q

New funds entering each quarter: 29 → 46 → 29 → 62. A growing number of institutions are discovering AEHR each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Veteran-anchored — 55% veterans vs 34% newcomers

■ 55% veterans ■ 12% 1-2yr ■ 34% new

Entry-cohort mix of 211 holders: 115 (55%) are 2+ year veterans, 25 entered 1–2 years ago, and 71 (34%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 43% AUM from top-100 funds

43% from top-100 AUM funds

39 of 188 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in AEHR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

4.4

out of 10

Moderate Exit Risk

Exit risk score 4.4/10 — 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 (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	192	151	27.15%
13F Shares	26M	26M	3.22%
Total Value	$915M	$515M	77.63%
New Positions	62	29	+33
Increased Positions	59	56	+3
Closed Positions	21	32	-11
Reduced Positions	49	44	+5
Total Calls	15	10	50.0%
Total Puts	8	9	-11.11%
PUT/CALL Ratio	0.53	0.9	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

192

151

27.15%

13F Shares

26M

3.22%

Total Value

$915M

$515M

77.63%

New Positions

+33

Increased Positions

Closed Positions

-11

Reduced Positions

Total Calls

50.0%

Total Puts

-11.11%

PUT/CALL Ratio

0.53

0.9

Bullish

Institutional Holders (2026 Q1)

192 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 AEHR holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Gratia Capital, LLC	11.38%	697,000	$25.8M
2	AWM Investment Company, Inc.	6.54%	1,593,971	$59.1M
3	Penbrook Management LLC	2.23%	79,515	$2.9M
4	Next Century Growth Investors LLC	2.03%	754,737	$28.0M
5	Bard Associates Inc	1.67%	179,127	$6.6M
6	Gratia Capital, LLC	0.84%	51,560	$1.9M
7	Pier Capital, LLC	0.78%	126,991	$4.7M
8	Bouvel Investment Partners, LLC	0.77%	71,824	$2.7M
9	Rice Hall James & Associates, LLC	0.56%	272,252	$10.1M
10	Sandler Capital Management	0.53%	27,807	$1.0M
11	Sun Group Wealth Partners	0.52%	17,931	$665K
12	Fortitude Advisory Group L.L.C.	0.48%	28,682	$1.1M
13	Kultura Capital Management LP	0.47%	80,200	$3.0M
14	Symmetry Peak Management LLC	0.25%	23,800	$883K
15	Laurel Oak Wealth Management, LLC	0.24%	38,670	$1.4M
16	KLCM Advisors, Inc.	0.23%	75,000	$2.8M
17	G2 Investment Partners Management LLC	0.23%	25,000	$927K
18	Gilder Gagnon Howe & Co LLC	0.20%	444,296	$16.5M
19	Johnson Financial Group, LLC	0.17%	68,900	$2.6M
20	Harvest Investment Services, LLC	0.16%	23,228	$861K
21	White Pine Capital LLC	0.15%	14,538	$539K
22	12 West Capital Management LP	0.14%	22,000	$816K
23	Strait & Sound Wealth Management LLC	0.13%	9,400	$349K
24	Halter Ferguson Financial Inc.	0.12%	14,631	$543K
25	Silvercrest Asset Management Group LLC	0.09%	344,247	$12.8M

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 — Aehr Test Sys (AEHR)

What does the Smart Money Trend signal show for AEHR?

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

More buyers than sellers — 63% buying: Last quarter: 126 funds were net buyers (62 opened a brand new position + 64 added to an existing one). Only 74 were sellers (53 trimmed + 21 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for AEHR holders?

Elite ownership — 43% AUM from top-100 funds: 39 of 188 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in AEHR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held AEHR?

Mixed — 39% long-term, 32% new: Of the 192 current holders: 74 (39%) held >2 years, 56 held 1–2 years, and 62 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 Aehr Test Sys (AEHR) following the 2026 Q1 hedge fund 13F filings?

As of today, AEHR has moved +15.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +8.6% for the XLK sector ETF — an outperformance of +7.3%. Since the quarter end (March 31, 2026), AEHR has gained +210.9% vs +44.0% 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.

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Aehr Test Sys (AEHR)

Smart Money Signals — AEHR

Buying streak — 1 quarter in a row

At the ownership peak (100% of max)

Fast accumulation — +64% more funds vs a year ago

More buyers than sellers — 63% buying

More new buyers each quarter (+33 vs last Q)

Mixed — 39% long-term, 32% new

Value +78% but shares only +3% — price-driven

Growing discovery — still being found

Veteran-anchored — 55% veterans vs 34% newcomers

Elite ownership — 43% AUM from top-100 funds

Institutional Sentiment Summary — AEHR

Hedge Fund Ownership: AEHR

Market Analysis: AEHR

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: AEHR

Is It Too Late to Buy Aehr Test Sys (AEHR) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: AEHR

Statistics: AEHR

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Aehr Test Sys (AEHR)

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