Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Algonquin Power & Utilities (AQN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
1Q ▼
Buyers last Q
53%

Smart Money Signals — AQN

Based on 244 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their AQN positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
244 hedge funds hold AQN 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 — +7% more funds vs a year ago

fund count last 6Q
+15 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 53% buying

126 buying113 selling
Last quarter: 126 funds bought or added vs 113 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 — ~33 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 41 → 34 → 34 → 33. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 24% medium ■ 16% new
146 out of 244 hedge funds have held AQN 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.
➡️

Steady discovery — ~33 new funds/quarter

32 → 41 → 34 → 34 → 33 new funds/Q
New funds entering each quarter: 41 → 34 → 34 → 33. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 65% veterans vs 20% newcomers

■ 65% veterans ■ 15% 1-2yr ■ 20% new
Entry-cohort mix of 253 holders: 164 (65%) are 2+ year veterans, 39 entered 1–2 years ago, and 50 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 38% AUM from major funds

38% from top-100 AUM funds
48 of 244 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 — AQN

In 2026 Q1, 126 hedge funds were net buyers of AQN (33 opened a new position, 93 added to an existing one), while 113 reduced or exited (79 trimmed, 34 sold completely) — a 53% buyer ratio, indicating a slight buying edge. 38% of total institutional value in AQN is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 244.

Hedge Fund Ownership: AQN

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

Market Analysis: AQN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: AQN

-- --

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

Is It Too Late to Buy Algonquin Power & Utilities (AQN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much AQN has moved relative to its sector benchmark (XLU) 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 · 87d ago
AQN
-2.1%
XLU
+0.6%

AQN outperformed XLU by -2.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 42d ago
AQN
+4.5%
XLU
+5.2%

Since the filing became public, AQN outperformed XLU by -0.7% .

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.

18 top-rated funds 0 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: AQN
244 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 244 245 -0.41%
13F Shares 510M 523M -2.43%
Total Value $3.10B $3.22B -3.67%
New Positions 33 34 -1
Increased Positions 92 83 +9
Closed Positions 34 33 +1
Reduced Positions 76 88 -12
Total Calls 7 4 75.0%
Total Puts 2 3 -33.33%
PUT/CALL Ratio 0.29 0.75 Bullish

Statistics: AQN

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

Financial Highlights

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Institutional Holders (2026 Q1)

244 + investors

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

QUARTER:
Top 25 AQN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Starboard Value LP 7.68% 57,189,420 $351.1M
2 EdgePoint Investment Group Inc. 4.00% 81,472,394 $499.1M
3 Ariel Investments, LLC 1.35% 19,641,661 $120.6M
4 Cidel Asset Management Inc 1.18% 3,535,918 $21.6M
5 Private Management Group Inc 1.12% 6,361,329 $39.1M
6 Greenland Capital Management LP 0.72% 928,990 $5.7M
7 Intact Investment Management INC. 0.58% 3,302,119 $20.2M
8 Triasima Portfolio Management inc. 0.57% 622,325 $3.8M
9 RWC Asset Management LLP 0.57% 2,231,500 $13.7M
10 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.48% 13,311,265 $81.5M
11 Heartland Advisors Inc 0.44% 1,392,030 $8.5M
12 Krilogy Financial LLC 0.29% 1,387,165 $8.9M
13 DKRT Investments Corp. 0.27% 175,000 $1.1M
14 Anson Funds Management LP 0.27% 500,000 $3.1M
15 PDT Partners, LLC 0.26% 725,937 $4.5M
16 K2 Principal Fund, L.P. 0.26% 600,000 $3.7M
17 Picton Mahoney Asset Management 0.22% 4,880,746 $29.9M
18 Post Resch Tallon Group Inc. 0.22% 43,000 $271K
19 Tacita Capital Inc 0.22% 60,462 $369K
20 Samalin Investment Counsel, LLC 0.21% 95,933 $589K
21 Gamco Investors, INC. Et Al 0.19% 3,201,444 $19.7M
22 Mitsubishi UFJ Trust & Banking Corp 0.19% 12,651,307 $76.5M
23 FIL Ltd 0.18% 38,114,903 $233.4M
24 Quantbot Technologies LP 0.15% 616,431 $3.8M
25 Northwest & Ethical Investments L.P. 0.13% 940,052 $5.8M
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 — Algonquin Power & Utilities (AQN)

What does the Smart Money Trend signal show for AQN?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their AQN positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for AQN?

Slight buying edge — 53% buying: Last quarter: 126 funds bought or added vs 113 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 AQN holders?

Strong quality — 38% AUM from major funds: 48 of 244 holders rank in the top 100 by AUM, accounting for 38% 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 AQN?

60% of holders stayed for 2+ years: 146 out of 244 hedge funds have held AQN 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 Algonquin Power & Utilities (AQN) following the 2026 Q1 hedge fund 13F filings?

As of today, AQN has moved +4.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.2% for the XLU sector ETF — an outperformance of -0.7%. Since the quarter end (March 31, 2026), AQN has gained -2.1% vs +0.6% for XLU. 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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