Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Axogen Inc (AXGN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +12
Streak
3Q ▲
Buyers last Q
57%

Smart Money Signals — AXGN

Based on 218 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added AXGN 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
218 hedge funds hold AXGN 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 — +20% more funds vs a year ago

fund count last 6Q
+37 new funds entered over the past year (+20% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

131 buying98 selling
Last quarter: 131 funds bought or added vs 98 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.
⚠️

Fewer new buyers each quarter (-8 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 16 → 34 → 54 → 46. 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.
🔒

54% of holders stayed for 2+ years

■ 54% conviction (2yr+) ■ 18% medium ■ 28% new
118 out of 218 hedge funds have held AXGN 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.
🚀

Acceleration phase — new buyers rushing in

29 → 16 → 34 → 54 → 46 new funds/Q
New funds entering each quarter: 16 → 34 → 54 → 46. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Deep conviction — 61% of holders stayed 2+ years

■ 61% veterans ■ 8% 1-2yr ■ 30% new
Of 220 current holders: 135 (61%) 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.
✅

Strong quality — 29% AUM from major funds

29% from top-100 AUM funds
47 of 218 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — 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 — AXGN

In 2026 Q1, 131 hedge funds were net buyers of AXGN (46 opened a new position, 85 added to an existing one), while 98 reduced or exited (64 trimmed, 34 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 29% of total institutional value in AXGN is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +12 funds (more new holders than closures). Total institutional holders: 218.

Hedge Fund Ownership: AXGN

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

Market Analysis: AXGN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: AXGN

-- --

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

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

Signal Freshness measures how much AXGN has moved relative to its sector benchmark (XLV) 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 · 78d ago
AXGN
+34.5%
XLV
+2.8%

AXGN outperformed XLV by +31.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
AXGN
+8.7%
XLV
+3.9%

Since the filing became public, AXGN outperformed XLV by +4.8% .

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.

21 top-rated funds 0 high-conviction
Consensus
5.8
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: AXGN
217 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 217 206 5.34%
13F Shares 50M 43M 16.81%
Total Value $1.60B $1.40B 14.65%
New Positions 45 54 -9
Increased Positions 83 68 +15
Closed Positions 34 17 +17
Reduced Positions 63 64 -1
Total Calls 3 3 -
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 0.33 Bullish

Statistics: AXGN

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

217 + investors

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

QUARTER:
Top 25 AXGN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 First Light Asset Management, LLC 11.88% 4,002,768 $132.6M
2 Perkins Capital Management Inc 5.24% 168,842 $5.6M
3 HighMark Wealth Management LLC 4.65% 344,940 $11.4M
4 Capricorn Fund Managers Ltd 3.55% 687,600 $22.8M
5 Primoris Wealth Advisors, LLC 3.23% 139,200 $4.6M
6 Next Century Growth Investors LLC 2.08% 865,963 $28.7M
7 DAFNA Capital Management LLC 1.88% 249,960 $8.3M
8 ArrowMark Colorado Holdings LLC 1.69% 1,915,439 $63.5M
9 Aubrey Capital Management Ltd 1.55% 87,000 $2.9M
10 Divisadero Street Capital Management, LP 1.52% 1,095,881 $36.3M
11 Brown Capital Management LLC 1.22% 259,549 $8.6M
12 Parkman Healthcare Partners LLC 0.92% 268,160 $8.9M
13 Soleus Capital Management, L.P. 0.91% 679,170 $22.5M
14 Lisanti Capital Growth, LLC 0.85% 102,325 $3.4M
15 Uniplan Investment Counsel, Inc. 0.57% 167,910 $5.6M
16 Armistice Capital, LLC 0.55% 936,000 $31.0M
17 Arrowpoint Investment Partners (Singapore) Pte. Ltd. 0.48% 16,273 $539K
18 Perceptive Advisors LLC 0.45% 697,312 $23.1M
19 Verdad Advisers, LP 0.43% 11,507 $381K
20 Wasatch Advisors LP 0.41% 1,857,350 $61.5M
21 White Pine Capital LLC 0.36% 38,494 $1.3M
22 Oberweis Asset Management Inc/ 0.34% 342,394 $11.3M
23 Globeflex Capital L P 0.29% 58,497 $1.9M
24 Sofinnova Investments, Inc. 0.27% 210,665 $7.0M
25 SummitTX Capital, L.P. 0.24% 234,495 $7.8M
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 — Axogen Inc (AXGN)

What does the Smart Money Trend signal show for AXGN?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added AXGN 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 AXGN?

Slight buying edge — 57% buying: Last quarter: 131 funds bought or added vs 98 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 AXGN holders?

Strong quality — 29% AUM from major funds: 47 of 218 holders rank in the top 100 by AUM, accounting for 29% 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 AXGN?

54% of holders stayed for 2+ years: 118 out of 218 hedge funds have held AXGN 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 Axogen Inc (AXGN) following the 2026 Q1 hedge fund 13F filings?

As of today, AXGN has moved +8.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +3.9% for the XLV sector ETF — an outperformance of +4.8%. Since the quarter end (March 31, 2026), AXGN has gained +34.5% vs +2.8% for XLV. 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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