Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Biogen Inc (BIIB)

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

Fetching live quote...
Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +16
Streak
3Q ▲
Buyers last Q
57%

Smart Money Signals — BIIB

Based on 1007 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 BIIB 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
1,007 hedge funds hold BIIB 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 — +17% more funds vs a year ago

fund count last 6Q
+147 new funds entered over the past year (+17% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

554 buying425 selling
Last quarter: 554 funds bought or added vs 425 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 (-48 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 99 → 132 → 194 → 146. 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.
🔒

66% of holders stayed for 2+ years

66% conviction (2yr+) 16% medium 18% new
662 out of 1,007 hedge funds have held BIIB 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

132 → 99 → 132 → 194 → 146 new funds/Q
New funds entering each quarter: 99 → 132 → 194 → 146. A growing number of institutions are discovering BIIB each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 71% veterans vs 21% newcomers

71% veterans 8% 1-2yr 21% new
Entry-cohort mix of 1,048 holders: 742 (71%) are 2+ year veterans, 84 entered 1–2 years ago, and 222 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 55% AUM from top-100 funds

55% from top-100 AUM funds
64 of 1001 holders are among the 100 largest funds by AUM, controlling 55% of total institutional value in BIIB. 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 — BIIB

In 2026 Q1, 554 hedge funds were net buyers of BIIB (146 opened a new position, 408 added to an existing one), while 425 reduced or exited (295 trimmed, 130 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 55% of total institutional value in BIIB 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: 1007.

Hedge Fund Ownership: BIIB

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

Market Analysis: BIIB

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BIIB

-- --

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

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

Signal Freshness measures how much BIIB 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 · 82d ago
BIIB
nan%
XLV
+1.9%

BIIB outperformed XLV by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
BIIB
nan%
XLV
+3.0%

Since the filing became public, BIIB outperformed XLV by nan% .

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.

57 top-rated funds 5 high-conviction
Consensus
7.7
/ 10
breadth
×
Elite
2.9
/ 10
conviction
Hedge Fund Positioning: BIIB
998 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 998 991 0.71%
13F Shares 134M 144M -6.82%
Total Value $23.66B $25.14B -5.92%
New Positions 142 194 -52
Increased Positions 387 312 +75
Closed Positions 135 96 +39
Reduced Positions 292 299 -7
Total Calls 22 26 -15.38%
Total Puts 24 26 -7.69%
PUT/CALL Ratio 1.09 1.0 Neutral

Statistics: BIIB

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

998 + investors

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

QUARTER:
Top 25 BIIB holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Palo Alto Investors LP 3.95% 140,719 $25.8M
2 Sector Gamma As 3.90% 90,096 $16.5M
3 Hillman Capital Management, Inc. 3.76% 29,540 $5.4M
4 Mh & Associates Securities Management Corp /Adv 2.83% 17,717 $3.2M
5 Sphera Funds Management LTD. 2.69% 92,526 $17.0M
6 Patient Capital Management, LLC 2.55% 379,741 $69.6M
7 Defilade Capital Management, L.P. 2.48% 96,289 $17.7M
8 Rhenman & Partners Asset Management AB 2.47% 109,100 $20.0M
9 Orion Investment Co 2.30% 39,610 $7.3M
10 Primecap Management Co/Ca/ 2.13% 14,757,607 $2.71B
11 Old North State Wealth Management, LLC 2.09% 24,595 $4.5M
12 Logos Global Management LP 1.83% 200,000 $36.7M
13 Contravisory Investment Management, INC. 1.68% 44,677 $8.2M
14 Privium Fund Management B.V. 1.67% 43,800 $8.0M
15 Sofinnova Investments, Inc. 1.60% 229,521 $42.1M
16 Portolan Capital Management, LLC 1.16% 118,481 $21.7M
17 Artemis Investment Management LLP 1.11% 571,571 $104.8M
18 Farmers Trust Co 0.97% 33,610 $6.2M
19 Silverarc Capital Management, LLC 0.95% 50,967 $9.3M
20 Fieldview Capital Management, LLC 0.95% 17,659 $3.2M
21 Kennondale Capital Management LLC 0.92% 6,967 $1.3M
22 Guardian Investment Management 0.80% 5,500 $1.0M
23 Arrowpoint Investment Partners (Singapore) Pte. Ltd. 0.77% 4,706 $863K
24 AtlasMark Financial, Inc 0.71% 1,222 $285K
25 AlphaCentric Advisors LLC 0.70% 3,835 $703K
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 — Biogen Inc (BIIB)

What does the Smart Money Trend signal show for BIIB?

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

Slight buying edge — 57% buying: Last quarter: 554 funds bought or added vs 425 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 BIIB holders?

Elite ownership — 55% AUM from top-100 funds: 64 of 1001 holders are among the 100 largest funds by AUM, controlling 55% of total institutional value in BIIB. 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 BIIB?

66% of holders stayed for 2+ years: 662 out of 1,007 hedge funds have held BIIB 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 Biogen Inc (BIIB) following the 2026 Q1 hedge fund 13F filings?

As of today, BIIB has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +3.0% for the XLV sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), BIIB has gained nan% vs +1.9% 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.

Full history →