Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Bicycle Therapeutics plc (BCYC)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +5
Streak
1Q ▲
Buyers last Q
60%

Smart Money Signals — BCYC

Based on 102 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 BCYC 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.
📊

High ownership — 92% of 3.0Y peak

92% of all-time peak
102 funds currently hold this stock — 92% of the 3.0-year high of 111 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 8% fewer funds vs a year ago

fund count last 6Q
9 fewer hedge funds hold BCYC compared to a year ago (-8% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟢

More buyers than sellers — 60% buying

52 buying35 selling
Last quarter: 52 funds were net buyers (20 opened a brand new position + 32 added to an existing one). Only 35 were sellers (20 trimmed + 15 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~20 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 9 → 23 → 16 → 20. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

43% of holders stayed for 2+ years

■ 43% conviction (2yr+) ■ 32% medium ■ 25% new
44 out of 102 hedge funds have held BCYC 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

31 → 9 → 23 → 16 → 20 new funds/Q
New funds entering each quarter: 9 → 23 → 16 → 20. A growing number of institutions are discovering BCYC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 55% veterans vs 26% newcomers

■ 55% veterans ■ 19% 1-2yr ■ 26% new
Entry-cohort mix of 110 holders: 60 (55%) are 2+ year veterans, 21 entered 1–2 years ago, and 29 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 11% AUM from top-100

11% from top-100 AUM funds
25 of 102 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 — BCYC

In 2026 Q2, 52 hedge funds were net buyers of BCYC (20 opened a new position, 32 added to an existing one), while 35 reduced or exited (20 trimmed, 15 sold completely) — a 60% buyer ratio, indicating clear institutional accumulation. Net fund flow last quarter: +5 funds (more new holders than closures). Total institutional holders: 102.

Hedge Fund Ownership: BCYC

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

Market Analysis: BCYC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BCYC

-- --

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

4 top-rated funds 0 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: BCYC
102 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 102 97 5.15%
13F Shares 37M 38M -0.97%
Total Value $147M $162M -9.38%
New Positions 20 16 +4
Increased Positions 32 42 -10
Closed Positions 15 29 -14
Reduced Positions 17 15 +2
Total Calls 4 2 100.0%
Total Puts 4 3 33.33%
PUT/CALL Ratio 1.0 1.5 Neutral

Statistics: BCYC

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
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Financial Highlights

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Institutional Holders (2026 Q2)

102 + investors

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

QUARTER:
Top 25 BCYC holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Fcpm III Services B.V. 1.96% 3,468,430 $14.7M
2 Peapod Lane Capital LLC 1.54% 537,978 $2.3M
3 GSK plc 1.08% 1,529,561 $6.5M
4 Rangeley Capital, LLC 0.98% 253,500 $1.1M
5 Flax Pond Capital, LLC 0.72% 196,136 $910K
6 Birchview Capital, LP 0.62% 313,616 $1.3M
7 Long Focus Capital Management, LLC 0.36% 3,310,687 $14.0M
8 Nano Cap New Millennium Growth Fund L P 0.26% 80,000 $339K
9 Diadema Partners LP 0.25% 462,724 $2.0M
10 Baker BROS. Advisors LP 0.23% 10,885,357 $46.2M
11 Verdad Advisers, LP 0.21% 51,100 $217K
12 Armistice Capital, LLC 0.18% 3,398,000 $14.4M
13 Persistent Asset Partners Ltd 0.15% 117,254 $497K
14 Palo Alto Investors LP 0.12% 201,890 $856K
15 Forefront Analytics, LLC 0.10% 21,822 $93K
16 Virtus Investment Advisers, LLC 0.08% 80,789 $343K
17 DAFNA Capital Management LLC 0.05% 64,492 $273K
18 Eversept Partners, LP 0.04% 190,715 $809K
19 Marquette Asset Management, LLC 0.04% 72,854 $309K
20 Aigen Investment Management, LP 0.02% 19,319 $82K
21 Portland Investment Counsel INC. 0.02% 15,000 $64K
22 Moore Capital Management, LP 0.02% 275,000 $1.2M
23 Axq Capital, LP 0.01% 27,368 $116K
24 Woodstock Corp 0.01% 29,146 $124K
25 ADAR1 Capital Management, LLC 0.01% 50,638 $215K
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 — Bicycle Therapeutics plc (BCYC)

What does the Smart Money Trend signal show for BCYC?

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

More buyers than sellers — 60% buying: Last quarter: 52 funds were net buyers (20 opened a brand new position + 32 added to an existing one). Only 35 were sellers (20 trimmed + 15 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for BCYC holders?

Smaller funds dominant — 11% AUM from top-100: 25 of 102 holders rank in the top 100 by AUM, but together hold only 11% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held BCYC?

43% of holders stayed for 2+ years: 44 out of 102 hedge funds have held BCYC 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.

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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