Banco Macro S A (BMA): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Banco Macro S A (BMA) following the 2026 Q1 hedge fund 13F filings?

As of today, BMA has moved +43.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of +37.8%. Since the quarter end (March 31, 2026), BMA gained +31.4% vs +9.5% for XLF. The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors.

Banco Macro S A (BMA)

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

Smart Money Signals — BMA

Based on 87 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their BMA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

🔻

Below peak — only 67% of 3.0Y high

67% of all-time peak

Only 87 funds hold BMA today versus a peak of 130 funds at 2025 Q1 — just 67% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.

📉

Outflows — 33% fewer funds vs a year ago

fund count last 6Q

43 fewer hedge funds hold BMA compared to a year ago (-33% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.

🟡

Slight buying edge — 52% buying

55 buying51 selling

Last quarter: 55 funds bought or added vs 51 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 (-11 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 20 → 19 → 31 → 20. 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.

🔒

40% of holders stayed for 2+ years

■ 40% conviction (2yr+) ■ 40% medium ■ 20% new

35 out of 87 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.

💎

Buying through price weakness — shares +9%, value -7%

Value

-7%

+9%

Last quarter: funds added +9% more shares while total portfolio value only changed -7%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

📈

Growing discovery — still being found

31 → 20 → 19 → 31 → 20 new funds/Q

New funds entering each quarter: 20 → 19 → 31 → 20. A growing number of institutions are discovering BMA each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Deep conviction — 56% of holders stayed 2+ years

■ 56% veterans ■ 19% 1-2yr ■ 25% new

Of 96 current holders: 54 (56%) 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.

✅

Strong quality — 27% AUM from major funds

27% from top-100 AUM funds

16 of 87 holders rank in the top 100 by AUM, accounting for 27% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

1.8

out of 10

Low Exit Risk

Exit risk score 1.8/10 — 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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	87	94	-7.45%
13F Shares	8M	8M	9.36%
Total Value	$624M	$673M	-7.36%
New Positions	20	31	-11
Increased Positions	35	21	+14
Closed Positions	27	19	+8
Reduced Positions	19	38	-19
Total Calls	6	4	50.0%
Total Puts	6	5	20.0%
PUT/CALL Ratio	1.0	1.25	Neutral

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

-7.45%

13F Shares

9.36%

Total Value

$624M

$673M

-7.36%

New Positions

-11

Increased Positions

+14

Closed Positions

Reduced Positions

-19

Total Calls

50.0%

Total Puts

20.0%

PUT/CALL Ratio

1.0

1.25

Neutral

Institutional Holders (2026 Q1)

87 + investors

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

QUARTER:

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

Top 25 BMA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Cape Ann Asset Management Ltd	8.27%	470,908	$36.4M
2	TT International Asset Management LTD	4.05%	480,009	$37.1M
3	Ping Capital Management, INC.	3.80%	172,204	$13.3M
4	Aquamarine Financial (Cayman) Ltd	3.02%	532,490	$41.2M
5	Chesapeake Asset Management LLC	1.21%	19,787	$1.5M
6	Route One Investment Company, L.P.	1.09%	332,111	$25.7M
7	Absolute Gestao de Investimentos Ltda.	0.89%	101,013	$7.8M
8	Alpine Global Management, LLC	0.87%	75,000	$5.8M
9	Samlyn Capital, LLC	0.72%	546,540	$42.3M
10	Barometer Capital Management INC.	0.72%	27,200	$2.1M
11	Point Nemo Capital, LLC	0.71%	13,914	$1.1M
12	PointState Capital LP	0.70%	710,493	$55.0M
13	Militia Capital Management LLC	0.66%	37,900	$2.9M
14	Ramirez Asset Management, Inc.	0.53%	58,029	$4.4M
15	Monaco Asset Management SAM	0.26%	18,400	$1.4M
16	Glenorchy Capital Ltd	0.22%	48,112	$3.7M
17	Deltec Asset Management LLC	0.18%	12,600	$975K
18	Titan Global Capital Management USA LLC	0.15%	13,276	$1.0M
19	Capital Wealth Planning, LLC	0.09%	218,181	$16.9M
20	Fox Run Management, L.L.C.	0.08%	6,494	$455K
21	Deprince Race & Zollo Inc	0.07%	48,541	$3.8M
22	XTX Topco Ltd	0.07%	48,911	$3.8M
23	Bayforest Capital Ltd	0.06%	740	$57K
24	Brevan Howard Capital Management LP	0.06%	98,862	$7.2M
25	Aquatic Capital Management LLC	0.06%	25,479	$2.0M

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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their BMA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BMA?

Slight buying edge — 52% buying: Last quarter: 55 funds bought or added vs 51 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 BMA holders?

Strong quality — 27% AUM from major funds: 16 of 87 holders rank in the top 100 by AUM, accounting for 27% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held BMA?

40% of holders stayed for 2+ years: 35 out of 87 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.

Is it too late to buy Banco Macro S A (BMA) following the 2026 Q1 hedge fund 13F filings?

As of today, BMA has moved +43.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of +37.8%. Since the quarter end (March 31, 2026), BMA has gained +31.4% vs +9.5% for XLF. The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors.

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

Selling streak — 1 quarter in a row

Below peak — only 67% of 3.0Y high

Outflows — 33% fewer funds vs a year ago

Slight buying edge — 52% buying

Fewer new buyers each quarter (-11 vs last Q)

40% of holders stayed for 2+ years

Buying through price weakness — shares +9%, value -7%

Growing discovery — still being found

Deep conviction — 56% of holders stayed 2+ years

Strong quality — 27% AUM from major funds

Institutional Sentiment Summary — BMA

Hedge Fund Ownership: BMA

Market Analysis: BMA

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: BMA

Is It Too Late to Buy Banco Macro S A (BMA) Based on Hedge Fund 13F Filings?

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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