Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INVESTMENT MANAGERS SER TR I (APPX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
58%

Smart Money Signals — APPX

Based on 14 hedge funds · latest filing: 2025 Q4 · updated quarterly

➡️

No change last quarter

last 3Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
14 hedge funds hold APPX right now — the highest count in 1.0 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.
🟡

Slight buying edge — 58% buying

14 buying10 selling
Last quarter: 14 funds bought or added vs 10 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 — ~8 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 6 → 11 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 71% entered in last year

■ 7% conviction (2yr+) ■ 21% medium ■ 71% new
Only 1 funds (7%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎

Buying through price weakness — shares +134%, value -44%

Value
-43%
Shares
+133%
Last quarter: funds added +134% more shares while total portfolio value only changed -44%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~8 new funds/quarter

6 → 11 → 8 new funds/Q
New funds entering each quarter: 6 → 11 → 8. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱

Early stage — 95% of holders entered in last year

■ 5% veterans ■ 0% 1-2yr ■ 95% new
Of 21 current holders: 20 (95%) entered in the past year, only 1 (5%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
📋

Smaller funds dominant — 0% AUM from top-100

0% from top-100 AUM funds
3 of 14 holders rank in the top 100 by AUM, but together hold only 0% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
6.8
out of 10
Moderate Exit Risk
Exit risk score 6.8/10 — 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.

Hedge Fund Ownership: APPX

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

Market Analysis: APPX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: APPX

-- --

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: APPX
2026 Q1 Stats Unlock in 14 days 21 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 21 20 5.0%
13F Shares 428K 183K 133.67%
Total Value $15M $27M -43.93%
New Positions 8 12 -4
Increased Positions 20 17 +3
Closed Positions 8 3 +5
Reduced Positions 10 0 +10
Total Calls 4 4 -
Total Puts 4 5 -20.0%
PUT/CALL Ratio 1.0 1.25 Neutral

Statistics: APPX

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
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) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

21 + investors

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

Top 21 institutional holders of APPX — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Genesis Financial Group, LLC 0.51% 25,000 $886K
2 OLD MISSION CAPITAL LLC 0.01% 8,004 $284K
3 CoreCap Advisors, LLC 0.00% 1,500 $53K
4 HOLLENCREST CAPITAL MANAGEMENT 0.00% 1,515 $54K
5 CITADEL ADVISORS LLC 0.00% 89,200 $3.2M
6 Belvedere Trading LLC 0.00% 10,100 $358K
7 Optiver Holding B.V. 0.00% 27,012 $957K
8 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% 74,500 $2.6M
9 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% 71,800 $2.5M
10 IMC-Chicago, LLC 0.00% 18,289 $648K
11 CITADEL ADVISORS LLC 0.00% 35,500 $1.3M
12 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% 32,659 $1.2M
13 Belvedere Trading LLC 0.00% 3,200 $113K
14 Tower Research Capital LLC (TRC) 0.00% 112 $4K
15 JANE STREET GROUP, LLC 0.00% 14,500 $514K
16 Belvedere Trading LLC 0.00% 1,516 $54K
17 JANE STREET GROUP, LLC 0.00% 6,400 $227K
18 JANE STREET GROUP, LLC 0.00% 6,316 $224K
19 UBS Group AG 0.00% 1,023 $36K
20 FMR LLC 0.00% 92 $3K
21 MORGAN STANLEY 0.00% 20 —
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 — INVESTMENT MANAGERS SER TR I (APPX)

What does the Smart Money Trend signal show for APPX?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for APPX?

Slight buying edge — 58% buying: Last quarter: 14 funds bought or added vs 10 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 APPX holders?

Smaller funds dominant — 0% AUM from top-100: 3 of 14 holders rank in the top 100 by AUM, but together hold only 0% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held APPX?

Mostly new holders — 71% entered in last year: Only 1 funds (7%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

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.