Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Anika Therapeutics Inc (ANIK)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +5
Streak
3Q ▲
Buyers last Q
55%

Smart Money Signals — ANIK

Based on 129 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added ANIK 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
129 hedge funds hold ANIK 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 — +18% more funds vs a year ago

fund count last 6Q
+20 new funds entered over the past year (+18% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 3 quarters from the low — a sharp move.
🟡

Slight buying edge — 55% buying

71 buying59 selling
Last quarter: 71 funds bought or added vs 59 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.
➡️

Steady new buyers — ~23 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 13 → 23 → 23 → 23. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 18% medium ■ 26% new
73 out of 129 hedge funds have held ANIK 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 +46% but shares only +2% — price-driven

Value
+45%
Shares
+2%
Last quarter: the total dollar value of institutional holdings rose +46%, but actual share count only changed +2%. 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

16 → 13 → 23 → 23 → 23 new funds/Q
New funds entering each quarter: 13 → 23 → 23 → 23. A growing number of institutions are discovering ANIK each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 67% veterans vs 26% newcomers

■ 67% veterans ■ 7% 1-2yr ■ 26% new
Entry-cohort mix of 130 holders: 87 (67%) are 2+ year veterans, 9 entered 1–2 years ago, and 34 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds
37 of 129 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — 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.

Institutional Sentiment Summary — ANIK

In 2026 Q1, 71 hedge funds were net buyers of ANIK (23 opened a new position, 48 added to an existing one), while 59 reduced or exited (41 trimmed, 18 sold completely) — a 55% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 37% of total institutional value in ANIK 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: 129.

Hedge Fund Ownership: ANIK

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

Market Analysis: ANIK

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ANIK

-- --

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

Is It Too Late to Buy Anika Therapeutics Inc (ANIK) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ANIK has moved relative to its sector benchmark (XLV) 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 · 77d ago
ANIK
-1.1%
XLV
+4.2%

ANIK outperformed XLV by -5.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 32d ago
ANIK
-3.8%
XLV
+5.3%

Since the filing became public, ANIK outperformed XLV by -9.1% .

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.

16 top-rated funds 1 high-conviction
Consensus
5.3
/ 10
breadth
×
Elite
0.9
/ 10
conviction
Hedge Fund Positioning: ANIK
128 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 128 124 3.23%
13F Shares 12M 12M 1.97%
Total Value $171M $117M 45.5%
New Positions 22 23 -1
Increased Positions 48 53 -5
Closed Positions 18 12 +6
Reduced Positions 40 34 +6
Total Calls 1 0 100%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: ANIK

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

128 + investors

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

QUARTER:
Top 25 ANIK holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Caligan Partners LP 1.38% 1,435,130 $20.8M
2 Capital Management Corp /Va 1.11% 447,721 $6.5M
3 Diker Management LLC 0.69% 53,662 $778K
4 R Squared Ltd 0.40% 50,184 $728K
5 Ironwood Investment Management LLC 0.40% 65,567 $951K
6 Globeflex Capital L P 0.19% 87,600 $1.3M
7 Palumbo Wealth Management LLC 0.14% 39,426 $572K
8 Boothbay Fund Management, LLC 0.10% 529,503 $7.7M
9 Advyzon Investment Management, LLC 0.06% 49,855 $723K
10 Indivisible Partners 0.06% 49,757 $721K
11 Diametric Capital, LP 0.06% 16,413 $238K
12 Noesis Capital Mangement Corp 0.04% 19,400 $281K
13 Jacobs Levy Equity Management, Inc 0.02% 265,627 $3.9M
14 Kemnay Advisory Services Inc. 0.02% 6,869 $100K
15 Inscription Capital, LLC 0.02% 10,016 $145K
16 Renaissance Technologies LLC 0.01% 502,217 $7.3M
17 Engineers Gate Manager LP 0.01% 58,828 $853K
18 Occudo Quantitative Strategies LP 0.01% 15,687 $195K
19 Hillsdale Investment Management Inc. 0.01% 25,400 $368K
20 XTX Topco Ltd 0.01% 39,596 $574K
21 Jefferies Financial Group Inc. 0.01% 93,500 $1.4M
22 Trexquant Investment LP 0.01% 64,053 $929K
23 Versant Capital Management, Inc 0.01% 3,856 $56K
24 Bridgeway Capital Management, LLC 0.01% 17,500 $254K
25 Essential Partners LLC 0.00% 903 $13K
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 — Anika Therapeutics Inc (ANIK)

What does the Smart Money Trend signal show for ANIK?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added ANIK 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 ANIK?

Slight buying edge — 55% buying: Last quarter: 71 funds bought or added vs 59 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 ANIK holders?

Strong quality — 37% AUM from major funds: 37 of 129 holders rank in the top 100 by AUM, accounting for 37% 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 ANIK?

57% of holders stayed for 2+ years: 73 out of 129 hedge funds have held ANIK 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 Anika Therapeutics Inc (ANIK) following the 2026 Q1 hedge fund 13F filings?

As of today, ANIK has moved -3.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.3% for the XLV sector ETF — an outperformance of -9.1%. Since the quarter end (March 31, 2026), ANIK has gained -1.1% vs +4.2% for XLV. 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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