Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Byrna Technologies Inc (BYRN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
3Q ▼
Buyers last Q
49%

Smart Money Signals — BYRN

Based on 122 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their BYRN 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 — 89% of 3.0Y peak

89% of all-time peak
122 funds currently hold this stock — 89% of the 3.0-year high of 137 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q
7 fewer hedge funds hold BYRN compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 49% buying

67 buying69 selling
Last quarter: 69 funds reduced or exited vs 67 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 (+7 vs last Q)

new funds entering per quarter
Funds opening a new BYRN position: 40 → 32 → 23 → 30. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 34% long-term, 27% new

■ 34% conviction (2yr+) ■ 39% medium ■ 27% new
Of the 122 current holders: 41 (34%) held >2 years, 48 held 1–2 years, and 33 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💎

Buying through price weakness — shares -14%, value -53%

Value
-52%
Shares
-13%
Last quarter: funds added -14% more shares while total portfolio value only changed -53%. 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

28 → 40 → 32 → 23 → 30 new funds/Q
New funds entering each quarter: 40 → 32 → 23 → 30. BYRN is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 42% veterans vs 33% newcomers

■ 42% veterans ■ 25% 1-2yr ■ 33% new
Entry-cohort mix of 126 holders: 53 (42%) are 2+ year veterans, 31 entered 1–2 years ago, and 42 (33%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 52% AUM from top-100 funds

52% from top-100 AUM funds
32 of 121 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in BYRN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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.

Institutional Sentiment Summary — BYRN

In 2026 Q1, 67 hedge funds were net buyers of BYRN (30 opened a new position, 37 added to an existing one), while 69 reduced or exited (36 trimmed, 33 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 52% of total institutional value in BYRN is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 122.

Hedge Fund Ownership: BYRN

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

Market Analysis: BYRN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BYRN

-- --

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

Is It Too Late to Buy Byrna Technologies Inc (BYRN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BYRN has moved relative to its sector benchmark (XLI) 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
BYRN
-35.7%
XLI
+11.9%

BYRN outperformed XLI by -47.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
BYRN
+19.0%
XLI
+5.5%

Since the filing became public, BYRN outperformed XLI by +13.5% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

16 top-rated funds 0 high-conviction
Consensus
5.3
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: BYRN
122 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 122 125 -2.4%
13F Shares 13M 15M -13.71%
Total Value $120M $253M -52.78%
New Positions 30 23 +7
Increased Positions 35 51 -16
Closed Positions 33 32 +1
Reduced Positions 36 32 +4
Total Calls 3 2 50.0%
Total Puts 2 2 -
PUT/CALL Ratio 0.67 1.0 Bullish

Statistics: BYRN

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

122 + investors

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

QUARTER:
Top 25 BYRN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Cladis Investment Advisory, LLC 0.32% 63,900 $587K
2 Malaga Cove Capital, LLC 0.22% 66,434 $610K
3 Emerald Mutual Fund Advisers Trust 0.14% 320,151 $2.9M
4 Emerald Advisers, LLC 0.13% 432,626 $4.0M
5 nVerses Capital, LLC 0.11% 13,012 $119K
6 Quinn Opportunity Partners LLC 0.11% 224,160 $2.1M
7 Sound View Wealth Advisors Group, LLC 0.06% 102,458 $941K
8 Byrne Asset Management LLC 0.06% 10,560 $97K
9 Wealthspire Advisors, LLC 0.06% 782,749 $7.2M
10 Pinnacle Associates Ltd 0.05% 401,754 $3.7M
11 Penn Capital Management Company, LLC 0.04% 60,238 $553K
12 Demars Financial Group, LLC 0.04% 12,250 $112K
13 Hennion & Walsh Asset Management, Inc. 0.02% 76,131 $699K
14 Hodges Capital Management Inc. 0.02% 29,429 $270K
15 Susquehanna Fundamental Investments, LLC 0.01% 43,579 $400K
16 Connors Investor Services Inc 0.01% 17,384 $160K
17 Brooklyn Investment Group 0.01% 42,149 $387K
18 Advisors Asset Management, Inc. 0.01% 38,958 $358K
19 Renaissance Technologies LLC 0.01% 382,327 $3.5M
20 Millennium Management LLC 0.00% 1,074,836 $9.9M
21 XTX Topco Ltd 0.00% 25,096 $230K
22 Arkadios Wealth Advisors 0.00% 23,313 $214K
23 Trexquant Investment LP 0.00% 36,711 $337K
24 Maverick Capital Ltd 0.00% 18,430 $169K
25 Fmr LLC 0.00% 3,400,541 $31.2M
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 — Byrna Technologies Inc (BYRN)

What does the Smart Money Trend signal show for BYRN?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their BYRN 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 BYRN?

More sellers than buyers — 49% buying: Last quarter: 69 funds reduced or exited vs 67 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 BYRN holders?

Elite ownership — 52% AUM from top-100 funds: 32 of 121 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in BYRN. 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 BYRN?

Mixed — 34% long-term, 27% new: Of the 122 current holders: 41 (34%) held >2 years, 48 held 1–2 years, and 33 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Byrna Technologies Inc (BYRN) following the 2026 Q1 hedge fund 13F filings?

As of today, BYRN has moved +19.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.5% for the XLI sector ETF — an outperformance of +13.5%. Since the quarter end (March 31, 2026), BYRN has gained -35.7% vs +11.9% for XLI. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to 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.

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