Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Cardinal Health Inc (CAH)

1K + Investors. Track Smart Money conviction in CAH. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +41
Streak
2Q ▲
Buyers last Q
54%

Smart Money Signals — CAH

Based on 1429 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added CAH 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
1,429 hedge funds hold CAH right now — the highest count in 3.0 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 — +26% more funds vs a year ago

fund count last 6Q
+296 new funds entered over the past year (+26% 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.
🟡

Slight buying edge — 54% buying

734 buying637 selling
Last quarter: 734 funds bought or added vs 637 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 (-107 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 186 → 126 → 278 → 171. 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.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 19% medium ■ 21% new
865 out of 1,429 hedge funds have held CAH 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.
📈

Growing discovery — still being found

164 → 186 → 126 → 278 → 171 new funds/Q
New funds entering each quarter: 186 → 126 → 278 → 171. A growing number of institutions are discovering CAH each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 66% veterans vs 24% newcomers

■ 66% veterans ■ 10% 1-2yr ■ 24% new
Entry-cohort mix of 1,471 holders: 968 (66%) are 2+ year veterans, 148 entered 1–2 years ago, and 355 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 42% AUM from top-100 funds

42% from top-100 AUM funds
62 of 1422 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in CAH. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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 — CAH

In 2026 Q1, 734 hedge funds were net buyers of CAH (171 opened a new position, 563 added to an existing one), while 637 reduced or exited (507 trimmed, 130 sold completely) — a 54% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 42% of total institutional value in CAH is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +41 funds (more new holders than closures). Total institutional holders: 1429.

Hedge Fund Ownership: CAH

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

Market Analysis: CAH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CAH

-- --

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

Is It Too Late to Buy Cardinal Health Inc (CAH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CAH has moved relative to its sector benchmark (XLV) 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 · 76d ago
CAH
+5.9%
XLV
+4.9%

CAH outperformed XLV by +1.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 31d ago
CAH
+14.7%
XLV
+6.0%

Since the filing became public, CAH outperformed XLV by +8.7% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

77 top-rated funds 10 high-conviction
Consensus
8.2
/ 10
breadth
×
Elite
3.8
/ 10
conviction
Hedge Fund Positioning: CAH
1K + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 1410 1388 1.59%
13F Shares 201M 210M -4.57%
Total Value $40.25B $42.54B -5.37%
New Positions 165 278 -113
Increased Positions 547 447 +100
Closed Positions 143 99 +44
Reduced Positions 495 467 +28
Total Calls 22 23 -4.35%
Total Puts 25 23 8.7%
PUT/CALL Ratio 1.14 1.0 Neutral

Statistics: CAH

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Financial Highlights

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Institutional Holders (2026 Q1)

1K + investors

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

QUARTER:
Top 25 CAH holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Delta Accumulation, LLC 8.21% 447,500 $94.6M
2 Orca Investment Management, LLC 5.11% 28,419 $6.0M
3 Delta Accumulation, LLC 4.23% 230,900 $48.8M
4 Cambridge Financial Group, Inc. 4.18% 52,946 $11.2M
5 Lone Peak Global Investors LLC 4.02% 114,162 $24.1M
6 Beck Bode, LLC 3.90% 109,021 $23.0M
7 Liberty One Investment Management, LLC 3.63% 166,448 $35.2M
8 GFS Advisors, LLC 3.39% 275,719 $26.6M
9 Dorsey Wright & Associates 2.96% 113,154 $23.9M
10 Sector Gamma As 2.74% 54,897 $11.6M
11 Integral Health Asset Management, LLC 2.73% 270,000 $57.1M
12 Birch Capital Management, LLC 2.46% 22,227 $4.7M
13 Axecap Investments, LLC 2.26% 15,545 $3.3M
14 Cornerstone Select Advisors, LLC 2.24% 16,927 $3.6M
15 Kepler Cheuvreux (Suisse) SA 2.17% 154,647 $32.7M
16 Promethos Capital, LLC 2.10% 37,067 $7.8M
17 Cookson Peirce & Co Inc 2.03% 226,821 $47.9M
18 Wcm Investment Management, LLC 1.89% 4,006,636 $826.6M
19 LMG Wealth Partners, LLC 1.86% 48,286 $10.2M
20 Kinloch Capital, LLC 1.84% 21,387 $4.5M
21 Empyrean Capital Partners, LP 1.71% 247,800 $52.4M
22 First Nebraska Trust Co 1.66% 85,056 $18.0M
23 Ranch Capital Advisors Inc. 1.60% 20,997 $4.4M
24 Meridiem Capital Partners LP 1.60% 116,256 $24.6M
25 Stack Financial Management, Inc 1.58% 101,997 $21.6M
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 — Cardinal Health Inc (CAH)

What does the Smart Money Trend signal show for CAH?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added CAH 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 CAH?

Slight buying edge — 54% buying: Last quarter: 734 funds bought or added vs 637 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 CAH holders?

Elite ownership — 42% AUM from top-100 funds: 62 of 1422 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in CAH. 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 CAH?

61% of holders stayed for 2+ years: 865 out of 1,429 hedge funds have held CAH 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 Cardinal Health Inc (CAH) following the 2026 Q1 hedge fund 13F filings?

As of today, CAH has moved +14.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.0% for the XLV sector ETF — an outperformance of +8.7%. Since the quarter end (March 31, 2026), CAH has gained +5.9% vs +4.9% for XLV. 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.

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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