Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Aquestive Therapeutics Inc (AQST)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +10
Streak
1Q ▲
Buyers last Q
61%

Smart Money Signals — AQST

Based on 187 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added AQST 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
187 hedge funds hold AQST 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.
🚀

Fast accumulation — +61% more funds vs a year ago

fund count last 6Q
+71 new funds entered over the past year (+61% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 61% buying

101 buying65 selling
Last quarter: 101 funds were net buyers (32 opened a brand new position + 69 added to an existing one). Only 65 were sellers (43 trimmed + 22 sold completely). A clear majority buying is a strong confirmation signal.
⚠️

Fewer new buyers each quarter (-15 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 50 → 50 → 47 → 32. 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.
📌

Mixed — 35% long-term, 36% new

■ 35% conviction (2yr+) ■ 29% medium ■ 36% new
Of the 187 current holders: 66 (35%) held >2 years, 54 held 1–2 years, and 67 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
📊

Peak discovery — momentum slowing

15 → 50 → 50 → 47 → 32 new funds/Q
New funds entering each quarter: 50 → 50 → 47 → 32. AQST is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 42% veterans vs 41% newcomers

■ 42% veterans ■ 16% 1-2yr ■ 41% new
Entry-cohort mix of 193 holders: 82 (42%) are 2+ year veterans, 31 entered 1–2 years ago, and 80 (41%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 36% AUM from major funds

36% from top-100 AUM funds
41 of 185 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — 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 — AQST

In 2026 Q2, 101 hedge funds were net buyers of AQST (32 opened a new position, 69 added to an existing one), while 65 reduced or exited (43 trimmed, 22 sold completely) — a 61% buyer ratio, indicating clear institutional accumulation. 36% of total institutional value in AQST is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 187.

Hedge Fund Ownership: AQST

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

Market Analysis: AQST

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: AQST

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

11 top-rated funds 2 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
2.3
/ 10
conviction
Hedge Fund Positioning: AQST
184 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 184 177 3.95%
13F Shares 74M 68M 8.18%
Total Value $301M $294M 2.5%
New Positions 32 47 -15
Increased Positions 65 58 +7
Closed Positions 23 51 -28
Reduced Positions 43 45 -2
Total Calls 5 3 66.67%
Total Puts 3 3 -
PUT/CALL Ratio 0.6 1.0 Bullish

Statistics: AQST

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Institutional Holders (2026 Q2)

184 + investors

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

QUARTER:
Top 25 AQST holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Bratton Capital Management, L.P. 100.00% 9,810,958 $40.8M
2 Propel Bio Management, LLC 3.14% 1,442,397 $6.0M
3 Everstar Asset Management, LLC 1.23% 611,943 $2.5M
4 Sio Capital Management, LLC 1.02% 1,486,175 $6.2M
5 Samsara BioCapital, LLC 0.85% 2,500,000 $10.4M
6 Latash Investments, LLC 0.74% 243,134 $1.0M
7 Blue Owl Capital Holdings LP 0.59% 942,932 $3.9M
8 Pavaki Capital Management LLC 0.57% 125,000 $808K
9 DAFNA Capital Management LLC 0.51% 645,915 $2.7M
10 Rosalind Advisors, Inc. 0.39% 250,000 $1.0M
11 Rtw Investments, LP 0.26% 7,426,471 $30.9M
12 Sugar Maple Asset Management, LLC 0.22% 83,060 $346K
13 AWM Investment Company, Inc. 0.17% 475,400 $2.0M
14 Penbrook Management LLC 0.11% 43,300 $180K
15 Diadema Partners LP 0.11% 214,600 $893K
16 EntryPoint Capital, LLC 0.11% 62,201 $162K
17 Wasatch Advisors LP 0.04% 1,385,843 $5.8M
18 Corsair Capital Management, L.P. 0.04% 70,000 $291K
19 Bracebridge Capital, LLC 0.03% 459,216 $1.9M
20 Summit Wealth & Retirement Planning, INC. 0.03% 35,000 $146K
21 Adirondack Capital Advisors, LLC 0.03% 12,000 $50K
22 Aquatic Capital Management LLC 0.02% 174,130 $724K
23 Cox Capital Mgt LLC 0.02% 10,500 $44K
24 Federated Hermes, INC. 0.02% 3,112,561 $12.9M
25 Simplify Asset Management Inc. 0.02% 278,723 $1.2M
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 — Aquestive Therapeutics Inc (AQST)

What does the Smart Money Trend signal show for AQST?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added AQST 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 AQST?

More buyers than sellers — 61% buying: Last quarter: 101 funds were net buyers (32 opened a brand new position + 69 added to an existing one). Only 65 were sellers (43 trimmed + 22 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for AQST holders?

Strong quality — 36% AUM from major funds: 41 of 185 holders rank in the top 100 by AUM, accounting for 36% 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 AQST?

Mixed — 35% long-term, 36% new: Of the 187 current holders: 66 (35%) held >2 years, 54 held 1–2 years, and 67 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

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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