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
↑ +122
Streak
1Q ▲
Buyers last Q
53%

Smart Money Signals — APD

Based on 1768 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 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
1,768 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 (+14 funds, +1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 53% buying

887 buying772 selling
Last quarter: 887 funds bought or added vs 772 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 (+80 vs last Q)

new funds entering per quarter
Funds opening a new APD position: 126 → 119 → 167 → 247. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

72% of holders stayed for 2+ years

■ 72% conviction (2yr+) ■ 14% medium ■ 14% new
1,268 out of 1,768 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.
💰

Price up while funds trimmed (+8% value, -8% shares)

Value
+8%
Shares
-7%
Last quarter: total value of institutional APD holdings rose +8% even though funds reduced share count by 8%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
🚀

Acceleration phase — new buyers rushing in

148 → 126 → 119 → 167 → 247 new funds/Q
New funds entering each quarter: 126 → 119 → 167 → 247. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 73% veterans vs 17% newcomers

■ 73% veterans ■ 10% 1-2yr ■ 17% new
Entry-cohort mix of 1,821 holders: 1,326 (73%) are 2+ year veterans, 188 entered 1–2 years ago, and 307 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 55% AUM from top-100 funds

55% from top-100 AUM funds
70 of 1758 holders are among the 100 largest funds by AUM, controlling 55% 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.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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 Q1, 887 hedge funds were net buyers of APD (247 opened a new position, 640 added to an existing one), while 772 reduced or exited (647 trimmed, 125 sold completely) — a 53% buyer ratio, indicating a slight buying edge. 55% of total institutional value in APD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +122 funds (more new holders than closures). Total institutional holders: 1768.

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 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
APD
-3.2%
SPY
+15.9%

APD outperformed SPY by -19.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 32d ago
APD
-4.8%
SPY
+2.0%

Since the filing became public, APD outperformed SPY by -6.8% .

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.

83 top-rated funds 17 high-conviction
Consensus
8.4
/ 10
breadth
×
Elite
4.4
/ 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 Q1) Prior (2025 Q4) Change
Funds Holding 1752 1645 6.5%
13F Shares 195M 211M -7.73%
Total Value $56.19B $51.89B 8.29%
New Positions 242 167 +75
Increased Positions 625 451 +174
Closed Positions 135 205 -70
Reduced Positions 628 795 -167
Total Calls 35 27 29.63%
Total Puts 27 24 12.5%
PUT/CALL Ratio 0.77 0.89 Neutral

Statistics: APD

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Cincinnati Indemnity Co 10.82% 15,000 $4.4M
2 HF Capital, LLC 7.67% 63,149 $18.3M
3 Albar Capital Partners LLP 6.59% 140,257 $40.7M
4 Sessa Capital IM, L.P. 6.25% 1,185,672 $344.4M
5 CSU Producer Resources, Inc. 4.63% 5,560 $1.6M
6 Tiller Private Wealth, Inc. 4.32% 41,896 $12.2M
7 Socorro Asset Management LP 4.16% 31,642 $9.2M
8 Belfer Management LLC 4.02% 828 $240K
9 Cincinnati Casualty Co 3.75% 24,750 $7.2M
10 Walsky Investment Management, Inc. 3.66% 12,353 $3.6M
11 Viking Global Investors LP 3.33% 4,104,095 $1.19B
12 Walnut Level Capital LLC 3.33% 13,495 $3.9M
13 Iron Gate Global Advisors LLC 3.29% 107,265 $31.2M
14 SMA Capital LLC 3.20% 25,483 $7.4M
15 NAN FUNG TRINITY (HK) Ltd 3.08% 96,680 $28.1M
16 Spring Capital Management, LLC 3.01% 20,514 $6.0M
17 Two Point Capital Management, Inc. 2.86% 22,586 $6.6M
18 Eliot Finkel Investment Counsel, LLC 2.86% 18,095 $5.3M
19 State Farm Mutual Automobile Insurance Co 2.71% 11,840,799 $3.44B
20 Staley Capital Advisers Inc 2.67% 216,797 $63.0M
21 GS Investments, Inc. 2.64% 15,841 $4.6M
22 Clark & Stuart, Inc 2.62% 13,378 $3.9M
23 HFR Wealth Management, LLC 2.60% 36,490 $10.6M
24 Old West Investment Management, LLC 2.58% 81,929 $23.8M
25 Night Squared LP 2.54% 59,550 $17.3M
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 — 1 quarter in a row: For 1 consecutive quarter, 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?

Slight buying edge — 53% buying: Last quarter: 887 funds bought or added vs 772 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 APD holders?

Elite ownership — 55% AUM from top-100 funds: 70 of 1758 holders are among the 100 largest funds by AUM, controlling 55% 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: 1,268 out of 1,768 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 Q1 hedge fund 13F filings?

As of today, APD has moved -4.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the SPY sector ETF — an outperformance of -6.8%. Since the quarter end (March 31, 2026), APD has gained -3.2% vs +15.9% 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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