Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Axon Enterprise Inc (AXON)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -93
Streak
3Q ▼
Buyers last Q
49%

Smart Money Signals — AXON

Based on 1045 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their AXON positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 89% of 3.0Y peak

89% of all-time peak
1,045 funds currently hold this stock — 89% of the 3.0-year high of 1,171 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding AXON is almost the same as a year ago (+24 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 49% buying

564 buying596 selling
Last quarter: 596 funds reduced or exited vs 564 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-31 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 236 → 137 → 168 → 137. 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.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 27% medium ■ 21% new
541 out of 1,045 hedge funds have held AXON 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 +1%, value -25%

Value
-25%
Shares
+0%
Last quarter: funds added +1% more shares while total portfolio value only changed -25%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

139 → 236 → 137 → 168 → 137 new funds/Q
New funds entering each quarter: 236 → 137 → 168 → 137. AXON 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 — 55% veterans vs 27% newcomers

■ 55% veterans ■ 18% 1-2yr ■ 27% new
Entry-cohort mix of 1,095 holders: 602 (55%) are 2+ year veterans, 195 entered 1–2 years ago, and 298 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
65 of 1041 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in AXON. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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 — AXON

In 2026 Q1, 564 hedge funds were net buyers of AXON (137 opened a new position, 427 added to an existing one), while 596 reduced or exited (366 trimmed, 230 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 46% of total institutional value in AXON is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -93 funds (more exits than new entries). Total institutional holders: 1045.

Hedge Fund Ownership: AXON

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

Market Analysis: AXON

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: AXON

-- --

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

Is It Too Late to Buy Axon Enterprise Inc (AXON) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much AXON has moved relative to its sector benchmark (XLI) 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 · 76d ago
AXON
+4.0%
XLI
+8.9%

AXON outperformed XLI by -4.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 31d ago
AXON
+12.7%
XLI
+329.7%

Since the filing became public, AXON outperformed XLI by -317.0% .

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.

76 top-rated funds 10 high-conviction
Consensus
8.2
/ 10
breadth
×
Elite
4.6
/ 10
conviction
Hedge Fund Positioning: AXON
1K + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 1033 1138 -9.23%
13F Shares 69M 69M 0.81%
Total Value $28.58B $38.34B -25.45%
New Positions 132 168 -36
Increased Positions 412 427 -15
Closed Positions 237 183 +54
Reduced Positions 350 405 -55
Total Calls 26 27 -3.7%
Total Puts 27 28 -3.57%
PUT/CALL Ratio 1.04 1.04 Neutral

Statistics: AXON

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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 --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
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Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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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 AXON. Verified SEC 13F-HR filings.

QUARTER:
Top 25 AXON holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Broadwood Capital Inc 20.76% 693,504 $294.5M
2 Strategy Capital LLC 13.82% 397,898 $169.0M
3 Ampersand Capital Group, L.P. 11.19% 48,156 $20.5M
4 Defender Capital, LLC. 8.93% 59,290 $25.2M
5 Styrax Capital, LP 5.93% 200,000 $84.9M
6 Edgewood Management LLC 5.56% 2,028,423 $861.5M
7 Nightview Capital, LLC 5.18% 15,931 $6.8M
8 Evolutionary Tree Capital Management, LLC 3.90% 4,890 $2.1M
9 Shannon River Fund Management LLC 3.84% 47,442 $20.1M
10 Ravenswood Partners LP 3.74% 23,810 $10.1M
11 Zevenbergen Capital Investments LLC 3.52% 288,211 $122.4M
12 Hudson Way Capital Management LLC 3.32% 81,875 $34.8M
13 Hyperion Asset Management Ltd 2.99% 220,956 $93.8M
14 Capital Impact Advisors, LLC 2.75% 16,049 $6.8M
15 Stony Point Capital LLC 2.73% 79,865 $33.9M
16 4D Advisors, LLC 2.69% 10,000 $4.2M
17 Sands Capital Management, LLC 2.61% 1,564,504 $664.4M
18 11 Capital Partners LP 2.59% 21,213 $9.0M
19 Deepwater Asset Management, LLC 2.44% 9,051 $3.8M
20 Bwcp, LP 2.26% 34,853 $14.8M
21 Piar LLC 2.13% 6,450 $2.7M
22 Clare Market Investments LLC 2.04% 22,914 $9.7M
23 Oakum Bay Capital LLC 1.98% 8,708 $3.7M
24 McBroom & Associates, LLC 1.92% 8,116 $3.4M
25 Westfield Capital Management Co LP 1.90% 1,064,134 $451.9M
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 — Axon Enterprise Inc (AXON)

What does the Smart Money Trend signal show for AXON?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their AXON positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for AXON?

More sellers than buyers — 49% buying: Last quarter: 596 funds reduced or exited vs 564 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for AXON holders?

Elite ownership — 46% AUM from top-100 funds: 65 of 1041 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in AXON. 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 AXON?

52% of holders stayed for 2+ years: 541 out of 1,045 hedge funds have held AXON 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 Axon Enterprise Inc (AXON) following the 2026 Q1 hedge fund 13F filings?

As of today, AXON has moved +12.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +329.7% for the XLI sector ETF — an outperformance of -317.0%. Since the quarter end (March 31, 2026), AXON has gained +4.0% vs +8.9% for XLI. 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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