Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Asana Inc (ASAN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +12
Streak
2Q ▲
Buyers last Q
58%

Smart Money Signals — ASAN

Based on 249 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added ASAN 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
249 hedge funds hold ASAN 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 — +10% more funds vs a year ago

fund count last 6Q
+22 new funds entered over the past year (+10% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 58% buying

153 buying113 selling
Last quarter: 153 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 — ~56 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 45 → 38 → 53 → 56. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 23% medium ■ 24% new
132 out of 249 hedge funds have held ASAN 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 +20%, value -43%

Value
-43%
Shares
+20%
Last quarter: funds added +20% more shares while total portfolio value only changed -43%. 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

46 → 45 → 38 → 53 → 56 new funds/Q
New funds entering each quarter: 45 → 38 → 53 → 56. A growing number of institutions are discovering ASAN each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 63% of holders stayed 2+ years

■ 63% veterans ■ 13% 1-2yr ■ 24% new
Of 264 current holders: 167 (63%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 45% AUM from top-100 funds

45% from top-100 AUM funds
43 of 249 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in ASAN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 — ASAN

In 2026 Q1, 153 hedge funds were net buyers of ASAN (56 opened a new position, 97 added to an existing one), while 113 reduced or exited (69 trimmed, 44 sold completely) — a 58% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 45% of total institutional value in ASAN is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +12 funds (more new holders than closures). Total institutional holders: 249.

Hedge Fund Ownership: ASAN

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

Market Analysis: ASAN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ASAN

-- --

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

Is It Too Late to Buy Asana Inc (ASAN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ASAN has moved relative to its sector benchmark (XLK) 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
ASAN
+16.1%
XLK
nan%

ASAN outperformed XLK by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 32d ago
ASAN
+19.8%
XLK
nan%

Since the filing became public, ASAN outperformed XLK by nan% .

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.

25 top-rated funds 1 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
1.2
/ 10
conviction
Hedge Fund Positioning: ASAN
248 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 248 237 4.64%
13F Shares 104M 86M 20.26%
Total Value $672M $1.19B -43.3%
New Positions 55 53 +2
Increased Positions 94 76 +18
Closed Positions 44 44 -
Reduced Positions 65 77 -12
Total Calls 7 11 -36.36%
Total Puts 12 10 20.0%
PUT/CALL Ratio 1.71 0.91 Bearish

Statistics: ASAN

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
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Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

248 + investors

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

QUARTER:
Top 25 ASAN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Westerly Capital Management, LLC 2.22% 1,274,000 $8.2M
2 Whetstone Capital Advisors, LLC 0.85% 381,716 $2.4M
3 ClearAlpha Technologies LP 0.33% 24,738 $158K
4 Campbell & CO Investment Adviser LLC 0.22% 606,778 $3.9M
5 Nebula Research & Development LLC 0.21% 184,111 $2.5M
6 Blueshift Asset Management, LLC 0.19% 98,373 $630K
7 Voleon Capital Management LP 0.14% 1,029,754 $6.6M
8 9823 Capital, L.P. 0.13% 27,691 $177K
9 Marex Group plc 0.13% 340,000 $4.8M
10 Paragon Capital Management Ltd 0.13% 94,152 $603K
11 Bayforest Capital Ltd 0.12% 17,177 $110K
12 Numerai GP LLC 0.12% 188,557 $1.2M
13 Crawford Fund Management, LLC 0.10% 83,000 $531K
14 Catalyst Private Wealth, LLC 0.10% 29,452 $188K
15 Scientech Research LLC 0.10% 18,430 $118K
16 Counterpoint Mutual Funds LLC 0.09% 92,371 $591K
17 Engineers Gate Manager LP 0.08% 1,044,731 $6.7M
18 Retirement Planning Co of New England, Inc. 0.08% 30,879 $198K
19 Susquehanna Fundamental Investments, LLC 0.08% 327,373 $2.1M
20 Oxford Asset Management LLP 0.08% 28,271 $181K
21 XTX Topco Ltd 0.07% 623,302 $4.0M
22 DGS Capital Management, LLC 0.07% 62,403 $399K
23 Y-Intercept (Hong Kong) Ltd 0.06% 532,796 $3.4M
24 Jacobs Levy Equity Management, Inc 0.06% 2,325,039 $14.9M
25 Inceptionr LLC 0.06% 37,430 $240K
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 — Asana Inc (ASAN)

What does the Smart Money Trend signal show for ASAN?

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

Slight buying edge — 58% buying: Last quarter: 153 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 ASAN holders?

Elite ownership — 45% AUM from top-100 funds: 43 of 249 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in ASAN. 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 ASAN?

53% of holders stayed for 2+ years: 132 out of 249 hedge funds have held ASAN 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 Asana Inc (ASAN) following the 2026 Q1 hedge fund 13F filings?

As of today, ASAN has moved +19.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to nan% for the XLK sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), ASAN has gained +16.1% vs nan% for XLK. 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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