Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

GLOBAL X FDS (BUG)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -9
Streak
2Q ▼
Buyers last Q
48%

Smart Money Signals — BUG

Based on 180 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their BUG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
180 funds currently hold this stock — 93% of the 3.0-year high of 194 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +16% more funds vs a year ago

fund count last 6Q
+25 new funds entered over the past year (+16% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 48% buying

93 buying102 selling
Last quarter: 102 funds reduced or exited vs 93 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.
➡️

Steady new buyers — ~30 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 26 → 49 → 27 → 30. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

51% of holders stayed for 2+ years

■ 51% conviction (2yr+) ■ 22% medium ■ 28% new
91 out of 180 hedge funds have held BUG 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 -58%

Value
-57%
Shares
-8%
Last quarter: funds added -9% more shares while total portfolio value only changed -58%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

29 → 26 → 49 → 27 → 30 new funds/Q
New funds entering each quarter: 26 → 49 → 27 → 30. BUG is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 54% of holders stayed 2+ years

■ 54% veterans ■ 13% 1-2yr ■ 33% new
Of 187 current holders: 101 (54%) 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 — 35% AUM from major funds

35% from top-100 AUM funds
15 of 180 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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.

Hedge Fund Ownership: BUG

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

Market Analysis: BUG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BUG

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

17 top-rated funds 1 high-conviction
Consensus
5.5
/ 10
breadth
×
Elite
1.4
/ 10
conviction
Hedge Fund Positioning: BUG
2026 Q1 Stats Unlock in 21 days 187 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 187 196 -4.59%
13F Shares 12M 13M -8.66%
Total Value $299M $707M -57.76%
New Positions 31 29 +2
Increased Positions 72 86 -14
Closed Positions 41 32 +9
Reduced Positions 70 51 +19
Total Calls 4 5 -20.0%
Total Puts 5 4 25.0%
PUT/CALL Ratio 1.25 0.8 Bearish

Statistics: BUG

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Valuation Measures Data as of: --

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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) --
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Institutional Holders (2026 Q1)

187 + investors

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

Top 25 institutional holders of BUG — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Moss Adams Wealth Advisors LLC 2.66% 1,446,480 $36.3M
2 Cassady Wealth & Retirement Planning, LLC 0.94% 47,214 $1.4M
3 Waycross Investment Management Co 0.84% 35,113 $882K
4 TigerOak Management, L.L.C. 0.78% 98,784 $2.5M
5 Cox Capital Mgt LLC 0.32% 19,464 $489K
6 Phoenix Wealth Advisors 0.30% 30,172 $758K
7 Capital Asset Advisory Services LLC 0.29% 281,300 $7.5M
8 FIRST INTERSTATE BANK 0.22% 152,851 $3.8M
9 Sterling Investment Counsel, LLC 0.19% 27,095 $680K
10 OMNI 360 Wealth, Inc. 0.17% 12,780 $321K
11 Accel Wealth Management 0.15% 23,013 $578K
12 Nautilus Advisors LLC 0.15% 8,475 $213K
13 Midwest Financial Group LLC 0.14% 12,880 $323K
14 Essex LLC 0.10% 23,672 $594K
15 Eagle Strategies LLC 0.10% 33,942 $852K
16 WEALTH EFFECTS LLC 0.08% 8,995 $226K
17 BOS Asset Management, LLC 0.08% 12,100 $304K
18 Ulland Investment Advisors, LLC 0.08% 3,600 —
19 Ayalon Insurance Comp Ltd. 0.05% 10,169 —
20 Claro Advisors Inc. 0.04% 12,655 $318K
21 Archford Capital Strategies, LLC 0.03% 11,148 $280K
22 CALIBER WEALTH MANAGEMENT, LLC / KS 0.03% 10,750 $270K
23 U.S. Capital Wealth Advisors, LLC 0.03% 41,424 $1.0M
24 Provenance Wealth Advisors, LLC 0.02% 8,209 $206K
25 Opal Wealth Advisors, LLC 0.02% 2,907 $73K
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 — GLOBAL X FDS (BUG)

What does the Smart Money Trend signal show for BUG?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their BUG 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 BUG?

More sellers than buyers — 48% buying: Last quarter: 102 funds reduced or exited vs 93 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 BUG holders?

Strong quality — 35% AUM from major funds: 15 of 180 holders rank in the top 100 by AUM, accounting for 35% 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 BUG?

51% of holders stayed for 2+ years: 91 out of 180 hedge funds have held BUG 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.