2023 ETF Series Trust (BINV): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy 2023 ETF Series Trust (BINV) following the 2026 Q1 hedge fund 13F filings?

As of today, BINV has moved +0.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of -0.4%. Since the quarter end (March 31, 2026), BINV gained +2.8% vs +14.9% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

2023 ETF Series Trust (BINV)

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

Smart Money Signals — BINV

Based on 44 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q

For 5 consecutive quarters, more hedge funds added BINV 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

44 hedge funds hold BINV right now — the highest count in 2.5 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 — +214% more funds vs a year ago

fund count last 6Q

+30 new funds entered over the past year (+214% 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.

🟢

More buyers than sellers — 70% buying

32 buying14 selling

Last quarter: 32 funds were net buyers (10 opened a brand new position + 22 added to an existing one). Only 14 were sellers (10 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~10 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 9 → 11 → 15 → 10. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔄

Mostly new holders — 61% entered in last year

■ 5% conviction (2yr+) ■ 34% medium ■ 61% new

Only 2 funds (5%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

💎

Buying through price weakness — shares +8%, value -40%

Value

-40%

+7%

Last quarter: funds added +8% more shares while total portfolio value only changed -40%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

➡️

Steady discovery — ~10 new funds/quarter

8 → 9 → 11 → 15 → 10 new funds/Q

New funds entering each quarter: 9 → 11 → 15 → 10. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🌱

Early stage — 82% of holders entered in last year

■ 7% veterans ■ 11% 1-2yr ■ 82% new

Of 44 current holders: 36 (82%) entered in the past year, only 3 (7%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.

📋

Smaller funds dominant — 15% AUM from top-100

15% from top-100 AUM funds

10 of 44 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

6.4

out of 10

Moderate Exit Risk

Exit risk score 6.4/10 — 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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	44	38	15.79%
13F Shares	9M	8M	7.71%
Total Value	$199M	$333M	-40.41%
New Positions	10	15	-5
Increased Positions	22	12	+10
Closed Positions	4	5	-1
Reduced Positions	10	9	+1
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

15.79%

13F Shares

7.71%

Total Value

$199M

$333M

-40.41%

New Positions

-5

Increased Positions

+10

Closed Positions

-1

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

44 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 BINV holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Nvest Wealth Strategies, Inc.	9.04%	313,279	$12.9M
2	Fjell Capital, LLC	2.61%	82,298	$3.4M
3	Balance Wealth, LLC	2.33%	181,875	$7.5M
4	Horizon Family Wealth, Inc.	2.16%	99,082	$4.1M
5	Security National Bank	1.36%	226,310	$9.3M
6	Ironsides Asset Advisors, LLC	0.63%	60,677	$2.5M
7	Benjamin Edwards Inc	0.53%	1,303,199	$53.7M
8	Evolve Private Wealth, LLC	0.32%	145,894	$6.0M
9	Brooklyn Investment Group	0.20%	155,337	$6.4M
10	Avior Wealth Management, LLC	0.11%	97,670	$4.0M
11	Curtis Advisory Group, LLC	0.09%	9,591	$395K
12	Mills Wealth Advisors LLC	0.08%	5,597	$231K
13	B. Riley Wealth Advisors, Inc.	0.05%	21,176	$849K
14	Scotia Capital INC.	0.05%	301,440	$12.4M
15	Madison Asset Management, LLC	0.04%	78,861	$3.3M
16	Manchester Financial Inc	0.04%	5,046	$208K
17	Osaic Holdings, INC.	0.03%	484,602	$20.0M
18	Smith, Moore & CO.	0.03%	9,463	$390K
19	Integrated Wealth Concepts LLC	0.02%	61,324	$2.5M
20	Gts Securities LLC	0.02%	12,164	$501K
21	Sanctuary Advisors, LLC	0.01%	31,554	$1.3M
22	Stifel Financial Corp	0.01%	163,960	$6.8M
23	Rockefeller Capital Management L.P.	0.00%	66,530	$2.7M
24	Commonwealth Equity Services, LLC	0.00%	78,309	$3.2M
25	Wealth Enhancement Advisory Services, LLC	0.00%	35,476	$1.5M

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 — 2023 ETF Series Trust (BINV)

What does the Smart Money Trend signal show for BINV?

Buying streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds added BINV 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 BINV?

More buyers than sellers — 70% buying: Last quarter: 32 funds were net buyers (10 opened a brand new position + 22 added to an existing one). Only 14 were sellers (10 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for BINV holders?

Smaller funds dominant — 15% AUM from top-100: 10 of 44 holders rank in the top 100 by AUM, but together hold only 15% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held BINV?

Mostly new holders — 61% entered in last year: Only 2 funds (5%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy 2023 ETF Series Trust (BINV) following the 2026 Q1 hedge fund 13F filings?

As of today, BINV has moved +0.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of -0.4%. Since the quarter end (March 31, 2026), BINV has gained +2.8% vs +14.9% for SPY. 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.

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2023 ETF Series Trust (BINV)

Smart Money Signals — BINV

Buying streak — 5 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +214% more funds vs a year ago

More buyers than sellers — 70% buying

Steady new buyers — ~10 new funds per quarter

Mostly new holders — 61% entered in last year

Buying through price weakness — shares +8%, value -40%

Steady discovery — ~10 new funds/quarter

Early stage — 82% of holders entered in last year

Smaller funds dominant — 15% AUM from top-100

Institutional Sentiment Summary — BINV

Hedge Fund Ownership: BINV

Market Analysis: BINV

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: BINV

Is It Too Late to Buy 2023 ETF Series Trust (BINV) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: BINV

Statistics: BINV

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — 2023 ETF Series Trust (BINV)

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