ASO Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Academy Sports & Outdoors In (ASO) following the 2026 Q2 hedge fund 13F filings?

As of today, ASO has moved +3.8% since the 2026 Q2 13F filing date (August 14, 2026), compared to -6.1% for the XLY sector ETF — an outperformance of +9.9%. Since the quarter end (June 30, 2026), ASO gained +5.4% vs -5.3% for XLY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Academy Sports & Outdoors In (ASO)

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

Smart Money Signals — ASO

Based on 361 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 ASO 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 (99% of max)

99% of all-time peak

361 hedge funds hold ASO 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 ASO is almost the same as a year ago (+3 funds, +1% change). No significant rush to buy or sell — institutional backing is holding steady.

🟡

Slight buying edge — 50% buying

181 buying184 selling

Last quarter: 181 funds bought or added vs 184 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 — ~59 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 46 → 60 → 55 → 59. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 19% medium ■ 19% new

225 out of 361 hedge funds have held ASO 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 +6%, value -14%

Value

-13%

+5%

Last quarter: funds added +6% more shares while total portfolio value only changed -14%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

➡️

Steady discovery — ~59 new funds/quarter

61 → 46 → 60 → 55 → 59 new funds/Q

New funds entering each quarter: 46 → 60 → 55 → 59. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Veteran-anchored — 66% veterans vs 23% newcomers

■ 66% veterans ■ 11% 1-2yr ■ 23% new

Entry-cohort mix of 372 holders: 246 (66%) are 2+ year veterans, 41 entered 1–2 years ago, and 85 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 63% AUM from top-100 funds

63% from top-100 AUM funds

58 of 359 holders are among the 100 largest funds by AUM, controlling 63% of total institutional value in ASO. 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.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	356	357	-0.28%
13F Shares	75M	74M	1.11%
Total Value	$3.30B	$3.92B	-15.65%
New Positions	58	55	+3
Increased Positions	117	127	-10
Closed Positions	57	63	-6
Reduced Positions	127	122	+5
Total Calls	7	7	-
Total Puts	6	6	-
PUT/CALL Ratio	0.86	0.86	Neutral

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

356

357

-0.28%

13F Shares

75M

74M

1.11%

Total Value

$3.30B

$3.92B

-15.65%

New Positions

Increased Positions

117

127

-10

Closed Positions

-6

Reduced Positions

127

122

Total Calls

Total Puts

PUT/CALL Ratio

0.86

Neutral

Institutional Holders (2026 Q2)

356 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 ASO holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Darwins River Capital, LP	7.95%	307,836	$14.5M
2	Pacifica Capital Investments, LLC	7.01%	435,456	$20.5M
3	Thor Investment Management Inc /Oh/ /Adv	3.66%	63,585	$4.2M
4	Bastion Asset Management Inc.	2.99%	191,674	$8.8M
5	Greatmark Investment Partners, INC.	2.70%	519,047	$24.5M
6	Villanova Investment Management Co LLC	2.19%	49,014	$2.3M
7	Dupree Financial Group, LLC	1.63%	92,564	$4.4M
8	Pullen Investment Management, LLC	1.48%	68,048	$3.2M
9	Heartland Advisors Inc	1.18%	563,941	$26.6M
10	Hodges Capital Management Inc.	1.03%	330,506	$15.6M
11	Robotti Robert	0.79%	103,860	$4.9M
12	J. Goldman & Co LP	0.61%	500,000	$23.6M
13	Mork Capital Management, LLC	0.60%	20,000	$943K
14	Aviance Capital Partners, LLC	0.59%	120,920	$5.7M
15	J. Goldman & Co LP	0.58%	473,600	$22.3M
16	Moody Aldrich Partners LLC	0.56%	66,365	$3.1M
17	Maple Rock Capital Partners Inc.	0.54%	586,400	$27.6M
18	Westwood Holdings Group Inc	0.53%	1,506,121	$71.0M
19	Hussman Strategic Advisors, INC.	0.46%	42,000	$2.0M
20	Pinnacle Holdings, LLC	0.42%	28,738	$1.4M
21	Royce & Associates LP	0.41%	1,084,620	$51.1M
22	Stephens Investment Management Group LLC	0.37%	741,238	$34.9M
23	Washington Capital Management, Inc	0.37%	12,020	$567K
24	Shellback Capital, LP	0.37%	90,000	$4.2M
25	Watershed Asset Management, L.L.C.	0.37%	8,762	$413K

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 — Academy Sports & Outdoors In (ASO)

What does the Smart Money Trend signal show for ASO?

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

Slight buying edge — 50% buying: Last quarter: 181 funds bought or added vs 184 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 ASO holders?

Elite ownership — 63% AUM from top-100 funds: 58 of 359 holders are among the 100 largest funds by AUM, controlling 63% of total institutional value in ASO. 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 ASO?

62% of holders stayed for 2+ years: 225 out of 361 hedge funds have held ASO 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 Academy Sports & Outdoors In (ASO) following the 2026 Q2 hedge fund 13F filings?

As of today, ASO has moved +3.8% since the 2026 Q2 13F filing date (August 14, 2026), compared to -6.1% for the XLY sector ETF — an outperformance of +9.9%. Since the quarter end (June 30, 2026), ASO has gained +5.4% vs -5.3% for XLY. 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.

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Academy Sports & Outdoors In (ASO)

Smart Money Signals — ASO

Buying streak — 1 quarter in a row

At the ownership peak (99% of max)

Stable — ownership unchanged year-over-year

Slight buying edge — 50% buying

Steady new buyers — ~59 new funds per quarter

62% of holders stayed for 2+ years

Buying through price weakness — shares +6%, value -14%

Steady discovery — ~59 new funds/quarter

Veteran-anchored — 66% veterans vs 23% newcomers

Elite ownership — 63% AUM from top-100 funds

Institutional Sentiment Summary — ASO

Hedge Fund Ownership: ASO

Market Analysis: ASO

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: ASO

Is It Too Late to Buy Academy Sports & Outdoors In (ASO) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: ASO

Statistics: ASO

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Academy Sports & Outdoors In (ASO)

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