Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Atmos Energy Corp (ATO)

1K + Investors. Track Smart Money conviction in ATO. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +43
Streak
11Q ▲
Buyers last Q
57%

Smart Money Signals — ATO

Based on 1009 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 11 quarters in a row

last 6Q
For 11 consecutive quarters, more hedge funds added ATO 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
1,009 hedge funds hold ATO 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 — +19% more funds vs a year ago

fund count last 6Q
+164 new funds entered over the past year (+19% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

550 buying408 selling
Last quarter: 550 funds bought or added vs 408 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 — ~146 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 95 → 125 → 148 → 146. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 21% medium ■ 21% new
585 out of 1,009 hedge funds have held ATO 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.
📈

Growing discovery — still being found

120 → 95 → 125 → 148 → 146 new funds/Q
New funds entering each quarter: 95 → 125 → 148 → 146. A growing number of institutions are discovering ATO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 61% veterans vs 27% newcomers

■ 61% veterans ■ 12% 1-2yr ■ 27% new
Entry-cohort mix of 1,019 holders: 626 (61%) are 2+ year veterans, 122 entered 1–2 years ago, and 271 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 51% AUM from top-100 funds

51% from top-100 AUM funds
65 of 1008 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in ATO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 — ATO

In 2026 Q1, 550 hedge funds were net buyers of ATO (146 opened a new position, 404 added to an existing one), while 408 reduced or exited (305 trimmed, 103 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 11 consecutive quarters of net institutional buying — a persistent conviction signal. 51% of total institutional value in ATO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +43 funds (more new holders than closures). Total institutional holders: 1009.

Hedge Fund Ownership: ATO

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

Market Analysis: ATO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ATO

-- --

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

Is It Too Late to Buy Atmos Energy Corp (ATO) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ATO 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 · 84d ago
ATO
-8.2%
XLU
-1.9%

ATO outperformed XLU by -6.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 39d ago
ATO
-3.4%
XLU
+2.6%

Since the filing became public, ATO outperformed XLU by -6.0% .

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 ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

58 top-rated funds 6 high-conviction
Consensus
7.7
/ 10
breadth
×
Elite
4.0
/ 10
conviction
Hedge Fund Positioning: ATO
1K + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 1007 966 4.24%
13F Shares 159M 163M -2.61%
Total Value $28.30B $26.08B 8.51%
New Positions 145 148 -3
Increased Positions 399 356 +43
Closed Positions 104 72 +32
Reduced Positions 304 304 -
Total Calls 6 6 -
Total Puts 5 6 -16.67%
PUT/CALL Ratio 0.83 1.0 Neutral

Statistics: ATO

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

1K + investors

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

QUARTER:
Top 25 ATO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sfmg, LLC 13.24% 1,058,545 $195.5M
2 Nilsine Partners, LLC 7.13% 491,331 $91.2M
3 Gallo Partners, LP 3.77% 10,671 $2.0M
4 Paradiem, LLC 3.54% 87,119 $16.1M
5 Perpetual Ltd 3.51% 1,240,469 $229.1M
6 Partners Group Holding AG 3.26% 238,206 $44.0M
7 Pring Turner Capital Group Inc 2.36% 23,338 $3.9M
8 RD Lewis Holdings, Inc. 2.23% 13,374 $2.6M
9 Aventail Capital Group, LP 2.19% 247,838 $45.8M
10 Cbre Investment Management Listed Real Assets LLC 2.08% 757,953 $140.0M
11 Ausbil Investment Management Ltd 1.99% 21,517 $4.0M
12 Dearborn Partners LLC 1.88% 188,269 $34.8M
13 Aristotle Capital Management, LLC 1.88% 4,866,481 $899.0M
14 Kinloch Capital, LLC 1.85% 24,595 $4.5M
15 Kentucky Trust Co 1.59% 16,374 $3.0M
16 Board of the Pension Protection Fund 1.58% 9,300 $1.7M
17 Sienna Gestion 1.54% 127,012 $23.7M
18 Bcm Advisors, LLC 1.53% 41,319 $7.8M
19 Albert D Mason Inc 1.50% 12,504 $2.3M
20 Mattern Capital Management, LLC 1.32% 59,706 $11.0M
21 Nicholson Wealth Management Group, LLC 1.26% 11,686 $2.2M
22 Brendel Financial Advisors LLC 1.25% 13,644 $2.5M
23 Cramer Rosenthal Mcglynn LLC 1.22% 89,879 $16.6M
24 TrueMark Investments, LLC 1.20% 33,378 $6.2M
25 Duff & Phelps Investment Management Co 1.17% 607,945 $112.3M
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 — Atmos Energy Corp (ATO)

What does the Smart Money Trend signal show for ATO?

Buying streak — 11 quarters in a row: For 11 consecutive quarters, more hedge funds added ATO 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 ATO?

Slight buying edge — 57% buying: Last quarter: 550 funds bought or added vs 408 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 ATO holders?

Elite ownership — 51% AUM from top-100 funds: 65 of 1008 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in ATO. 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 ATO?

58% of holders stayed for 2+ years: 585 out of 1,009 hedge funds have held ATO 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 Atmos Energy Corp (ATO) following the 2026 Q1 hedge fund 13F filings?

As of today, ATO has moved -3.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.6% for the XLU sector ETF — an outperformance of -6.0%. Since the quarter end (March 31, 2026), ATO has gained -8.2% vs -1.9% 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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