BANCO MACRO S A (BMA): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

BANCO MACRO S A (BMA)

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

Smart Money Signals — BMA

Based on 90 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added BMA 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 — 70% of 3.0Y peak

70% of all-time peak

90 funds currently hold this stock — 70% of the 3.0-year high of 129 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

📉

Outflows — 26% fewer funds vs a year ago

fund count last 6Q

32 fewer hedge funds hold BMA compared to a year ago (-26% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.

🟠

More sellers than buyers — 46% buying

49 buying58 selling

Last quarter: 58 funds reduced or exited vs 49 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.

📈

More new buyers each quarter (+9 vs last Q)

new funds entering per quarter

Funds opening a new BMA position: 31 → 20 → 19 → 28. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 32% medium ■ 21% new

42 out of 90 hedge funds have held BMA 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.

💰

Value +115% but shares only +2% — price-driven

Value

+115%

+1%

Last quarter: the total dollar value of institutional holdings rose +115%, but actual share count only changed +2%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

➡️

Steady discovery — ~28 new funds/quarter

42 → 31 → 20 → 19 → 28 new funds/Q

New funds entering each quarter: 31 → 20 → 19 → 28. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Deep conviction — 58% of holders stayed 2+ years

■ 58% veterans ■ 16% 1-2yr ■ 26% new

Of 96 current holders: 56 (58%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

📋

Smaller funds dominant — 13% AUM from top-100

13% from top-100 AUM funds

15 of 90 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

2.2

out of 10

Low Exit Risk

Exit risk score 2.2/10 — 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.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	96	84	14.29%
13F Shares	7M	7M	1.7%
Total Value	$637M	$295M	115.46%
New Positions	29	19	+10
Increased Positions	25	43	-18
Closed Positions	19	57	-38
Reduced Positions	47	27	+20
Total Calls	4	2	100.0%
Total Puts	4	3	33.33%
PUT/CALL Ratio	1.0	1.5	Neutral

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

14.29%

13F Shares

1.7%

Total Value

$637M

$295M

115.46%

New Positions

+10

Increased Positions

-18

Closed Positions

-38

Reduced Positions

+20

Total Calls

100.0%

Total Puts

33.33%

PUT/CALL Ratio

1.0

1.5

Neutral

Institutional Holders (2026 Q1)

96 + investors

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

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

Top 15 institutional holders of BMA — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	TT International Asset Management LTD	4.05%	480,009	$37.1M
2	PING CAPITAL MANAGEMENT, INC.	3.80%	172,204	$13.3M
3	DELTEC ASSET MANAGEMENT LLC	0.18%	12,600	$975K
4	DEPRINCE RACE & ZOLLO INC	0.07%	48,541	$3.8M
5	Bayforest Capital Ltd	0.06%	740	$57K
6	Activest Wealth Management	0.03%	1,958	$151K
7	Pictet Asset Management Holding SA	0.01%	107,005	$8.3M
8	CREDIT INDUSTRIEL ET COMMERCIAL	0.01%	1,000	$77K
9	CREDIT INDUSTRIEL ET COMMERCIAL	0.01%	945	$73K
10	HSBC HOLDINGS PLC	0.00%	34,435	$2.6M
11	SBI Securities Co., Ltd.	0.00%	473	$37K
12	GAMMA Investing LLC	0.00%	216	$17K
13	Blue Trust, Inc.	0.00%	490	$38K
14	Farther Finance Advisors, LLC	0.00%	328	$26K
15	HANTZ FINANCIAL SERVICES, INC.	0.00%	57	—

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 — BANCO MACRO S A (BMA)

What does the Smart Money Trend signal show for BMA?

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

More sellers than buyers — 46% buying: Last quarter: 58 funds reduced or exited vs 49 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 BMA holders?

Smaller funds dominant — 13% AUM from top-100: 15 of 90 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held BMA?

47% of holders stayed for 2+ years: 42 out of 90 hedge funds have held BMA 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.

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BANCO MACRO S A (BMA)

Smart Money Signals — BMA

Buying streak — 1 quarter in a row

High ownership — 70% of 3.0Y peak

Outflows — 26% fewer funds vs a year ago

More sellers than buyers — 46% buying

More new buyers each quarter (+9 vs last Q)

47% of holders stayed for 2+ years

Value +115% but shares only +2% — price-driven

Steady discovery — ~28 new funds/quarter

Deep conviction — 58% of holders stayed 2+ years

Smaller funds dominant — 13% AUM from top-100

Hedge Fund Ownership: BMA

Market Analysis: BMA

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: BMA

Hedge Fund Positioning: BMA

Statistics: BMA

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — BANCO MACRO S A (BMA)

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