Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Air Products and Chemicals I (APD)

2K + Investors. Track Smart Money conviction in APD. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +10
Streak
2Q ▲
Buyers last Q
47%

Smart Money Signals — APD

Based on 1782 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added APD 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
1,782 hedge funds hold APD 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding APD is almost the same as a year ago (+57 funds, +3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 47% buying

774 buying885 selling
Last quarter: 885 funds reduced or exited vs 774 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-89 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 120 → 168 → 249 → 160. 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.
🔒

72% of holders stayed for 2+ years

■ 72% conviction (2yr+) ■ 14% medium ■ 14% new
1,289 out of 1,782 hedge funds have held APD 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.
💎

Buying through price weakness — shares +41%, value +4%

Value
+4%
Shares
+40%
Last quarter: funds added +41% more shares while total portfolio value only changed +4%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

127 → 120 → 168 → 249 → 160 new funds/Q
New funds entering each quarter: 120 → 168 → 249 → 160. A growing number of institutions are discovering APD each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 75% veterans vs 15% newcomers

■ 75% veterans ■ 10% 1-2yr ■ 15% new
Entry-cohort mix of 1,823 holders: 1,360 (75%) are 2+ year veterans, 184 entered 1–2 years ago, and 279 (15%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 66% AUM from top-100 funds

66% from top-100 AUM funds
72 of 1773 holders are among the 100 largest funds by AUM, controlling 66% of total institutional value in APD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
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 — APD

In 2026 Q2, 774 hedge funds were net buyers of APD (160 opened a new position, 614 added to an existing one), while 885 reduced or exited (735 trimmed, 150 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. Net buying has persisted for two consecutive quarters, a positive momentum signal. 66% of total institutional value in APD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 1782.

Hedge Fund Ownership: APD

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

Market Analysis: APD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: APD

-- --

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

Is It Too Late to Buy Air Products and Chemicals I (APD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much APD has moved relative to its sector benchmark (SPY) since the 2026 Q2 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 June 30, 2026 · 82d ago
APD
-3.1%
SPY
+2.3%

APD outperformed SPY by -5.4% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 37d ago
APD
-8.0%
SPY
-1.6%

Since the filing became public, APD outperformed SPY by -6.4% .

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 ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

52 top-rated funds 12 high-conviction
Consensus
7.5
/ 10
breadth
×
Elite
4.1
/ 10
conviction
Hedge Fund Positioning: APD
2K + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 1759 1772 -0.73%
13F Shares 206M 198M 4.2%
Total Value $59.54B $57.26B 3.98%
New Positions 154 249 -95
Increased Positions 594 627 -33
Closed Positions 158 126 +32
Reduced Positions 720 636 +84
Total Calls 25 35 -28.57%
Total Puts 24 27 -11.11%
PUT/CALL Ratio 0.96 0.77 Neutral

Statistics: APD

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Financial Highlights

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Institutional Holders (2026 Q2)

2K + investors

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

QUARTER:
Top 25 APD holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Cincinnati Indemnity Co 10.71% 15,000 $4.4M
2 HF Capital, LLC 6.24% 63,149 $18.5M
3 CSU Producer Resources, Inc. 5.37% 5,560 $1.6M
4 Socorro Asset Management LP 4.05% 30,762 $9.0M
5 Belfer Management LLC 4.02% 828 $243K
6 Viking Global Investors LP 3.96% 4,740,351 $1.39B
7 Cincinnati Casualty Co 3.85% 24,750 $7.3M
8 Tiller Private Wealth, Inc. 3.47% 37,772 $11.1M
9 St. James Investment Company, LLC 3.37% 72,303 $21.2M
10 Walsky Investment Management, Inc. 3.34% 12,261 $3.6M
11 Iron Gate Global Advisors LLC 3.01% 106,414 $31.2M
12 Spring Capital Management, LLC 2.88% 20,135 $5.9M
13 NAN FUNG TRINITY (HK) Ltd 2.80% 96,680 $28.3M
14 Regents Gate Capital LLP 2.75% 7,061 $2.1M
15 Two Point Capital Management, Inc. 2.65% 22,439 $6.6M
16 HFR Wealth Management, LLC 2.60% 36,334 $10.7M
17 Staley Capital Advisers Inc 2.59% 226,762 $66.5M
18 Eliot Finkel Investment Counsel, LLC 2.48% 18,095 $5.3M
19 State Farm Mutual Automobile Insurance Co 2.38% 11,840,799 $3.47B
20 GS Investments, Inc. 2.30% 10,845 $3.2M
21 Bontempo Ohly Capital Mgmt LLC 2.28% 18,258 $5.4M
22 Rnc Capital Management LLC 2.19% 172,209 $50.0M
23 Skba Capital Management LLC 2.17% 44,780 $13.1M
24 London Co of Virginia 2.14% 1,280,962 $375.6M
25 Longfellow Investment Management Co LLC 2.12% 35,346 $10.4M
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 — Air Products and Chemicals I (APD)

What does the Smart Money Trend signal show for APD?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added APD 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 APD?

More sellers than buyers — 47% buying: Last quarter: 885 funds reduced or exited vs 774 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for APD holders?

Elite ownership — 66% AUM from top-100 funds: 72 of 1773 holders are among the 100 largest funds by AUM, controlling 66% of total institutional value in APD. 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 APD?

72% of holders stayed for 2+ years: 1,289 out of 1,782 hedge funds have held APD 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 Air Products and Chemicals I (APD) following the 2026 Q2 hedge fund 13F filings?

As of today, APD has moved -8.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to -1.6% for the SPY sector ETF — an outperformance of -6.4%. Since the quarter end (June 30, 2026), APD has gained -3.1% vs +2.3% for SPY. 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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