Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Credicorp Ltd (BAP)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +16
Streak
3Q ▲
Buyers last Q
50%

Smart Money Signals — BAP

Based on 418 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 BAP 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
418 hedge funds hold BAP 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.
🚀

Fast accumulation — +24% more funds vs a year ago

fund count last 6Q
+80 new funds entered over the past year (+24% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 50% buying

217 buying213 selling
Last quarter: 217 funds bought or added vs 213 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 — ~69 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 41 → 55 → 74 → 69. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 18% medium ■ 23% new
247 out of 418 hedge funds have held BAP 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

44 → 41 → 55 → 74 → 69 new funds/Q
New funds entering each quarter: 41 → 55 → 74 → 69. A growing number of institutions are discovering BAP each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 65% veterans vs 24% newcomers

■ 65% veterans ■ 11% 1-2yr ■ 24% new
Entry-cohort mix of 426 holders: 276 (65%) are 2+ year veterans, 46 entered 1–2 years ago, and 104 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 59% AUM from top-100 funds

59% from top-100 AUM funds
66 of 418 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in BAP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — 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 — BAP

In 2026 Q1, 217 hedge funds were net buyers of BAP (69 opened a new position, 148 added to an existing one), while 213 reduced or exited (160 trimmed, 53 sold completely) — a 50% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 59% of total institutional value in BAP is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +16 funds (more new holders than closures). Total institutional holders: 418.

Hedge Fund Ownership: BAP

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

Market Analysis: BAP

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BAP

-- --

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

Is It Too Late to Buy Credicorp Ltd (BAP) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BAP has moved relative to its sector benchmark (XLF) 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 · 82d ago
BAP
+12.8%
XLF
+8.5%

BAP outperformed XLF by +4.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
BAP
+26.7%
XLF
+4.8%

Since the filing became public, BAP outperformed XLF by +21.9% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

28 top-rated funds 6 high-conviction
Consensus
6.3
/ 10
breadth
×
Elite
4.4
/ 10
conviction
Hedge Fund Positioning: BAP
416 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 416 402 3.48%
13F Shares 55M 56M -1.98%
Total Value $18.13B $16.06B 12.93%
New Positions 67 74 -7
Increased Positions 147 150 -3
Closed Positions 53 32 +21
Reduced Positions 158 136 +22
Total Calls 3 4 -25.0%
Total Puts 5 4 25.0%
PUT/CALL Ratio 1.67 1.0 Bearish

Statistics: BAP

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Valuation Measures Data as of: --

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

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

416 + investors

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

QUARTER:
Top 25 BAP holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 INCA Investments LLC 24.82% 206,170 $69.9M
2 Westwood Global Investments, LLC 19.87% 1,571,266 $532.9M
3 Seafarer Capital Partners, LLC 17.97% 230,900 $78.3M
4 Fundamenta Capital S.A. 14.13% 48,500 $16.5M
5 Cape Ann Asset Management Ltd 8.50% 110,353 $37.4M
6 TT International Asset Management LTD 5.94% 160,498 $54.4M
7 Ativo Capital Management LLC 5.57% 18,870 $6.4M
8 Harding Loevner LP 4.63% 1,325,519 $449.6M
9 Virtus Advisers, LLC 2.74% 17,363 $5.9M
10 Discovery Capital Management, LLC / Ct 2.48% 140,700 $47.7M
11 Ninety One North America, Inc. 2.36% 154,713 $52.5M
12 SPX Gestao de Recursos Ltda 1.90% 67,403 $22.9M
13 Itau Unibanco Holding S.A. 1.86% 267,014 $77.4M
14 Matthews International Capital Management LLC 1.77% 12,840 $4.4M
15 Kepler Cheuvreux (Suisse) SA 1.41% 62,793 $21.3M
16 Globeflex Capital L P 1.39% 27,049 $9.2M
17 Ashoka WhiteOak Capital Pte Ltd 1.19% 9,270 $3.1M
18 ABS Direct Equity Fund LLC 1.17% 4,500 $1.5M
19 Driehaus Capital Management LLC 1.12% 450,730 $152.9M
20 Causeway Capital Management LLC 1.02% 245,113 $83.1M
21 Coronation Fund Managers Ltd. 1.01% 65,156 $22.1M
22 Pzena Investment Management LLC 1.00% 912,060 $309.4M
23 Williamson Legacy Group, LLC 0.97% 3,797 $1.3M
24 Hosking Partners LLP 0.95% 78,015 $26.5M
25 Baillie Gifford & Co 0.95% 2,729,498 $925.8M
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 — Credicorp Ltd (BAP)

What does the Smart Money Trend signal show for BAP?

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

Slight buying edge — 50% buying: Last quarter: 217 funds bought or added vs 213 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 BAP holders?

Elite ownership — 59% AUM from top-100 funds: 66 of 418 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in BAP. 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 BAP?

59% of holders stayed for 2+ years: 247 out of 418 hedge funds have held BAP 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 Credicorp Ltd (BAP) following the 2026 Q1 hedge fund 13F filings?

As of today, BAP has moved +26.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of +21.9%. Since the quarter end (March 31, 2026), BAP has gained +12.8% vs +8.5% for XLF. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to 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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