Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Caleres Inc (CAL)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
44%

Smart Money Signals — CAL

Based on 160 hedge funds · latest filing: 2026 Q1 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
📊

High ownership — 77% of 3.0Y peak

77% of all-time peak
160 funds currently hold this stock — 77% of the 3.0-year high of 209 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 14% fewer funds vs a year ago

fund count last 6Q
26 fewer hedge funds hold CAL compared to a year ago (-14% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 44% buying

73 buying94 selling
Last quarter: 94 funds reduced or exited vs 73 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 — ~26 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 34 → 29 → 27 → 26. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

66% of holders stayed for 2+ years

■ 66% conviction (2yr+) ■ 20% medium ■ 14% new
106 out of 160 hedge funds have held CAL 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 -65%

Value
-65%
Shares
-9%
Last quarter: funds added -9% more shares while total portfolio value only changed -65%. 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

26 → 34 → 29 → 27 → 26 new funds/Q
New funds entering each quarter: 34 → 29 → 27 → 26. CAL 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 — 75% veterans vs 16% newcomers

■ 75% veterans ■ 10% 1-2yr ■ 16% new
Entry-cohort mix of 173 holders: 129 (75%) are 2+ year veterans, 17 entered 1–2 years ago, and 27 (16%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 60% AUM from top-100 funds

60% from top-100 AUM funds
40 of 160 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in CAL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.5
out of 10
Low Exit Risk
Exit risk score 2.5/10 — 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 — CAL

In 2026 Q1, 73 hedge funds were net buyers of CAL (26 opened a new position, 47 added to an existing one), while 94 reduced or exited (68 trimmed, 26 sold completely) — a 44% buyer ratio, indicating roughly balanced activity. 60% of total institutional value in CAL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 160.

Hedge Fund Ownership: CAL

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

Market Analysis: CAL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CAL

-- --

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

Is It Too Late to Buy Caleres Inc (CAL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CAL has moved relative to its sector benchmark (XLY) 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 · 78d ago
CAL
+18.5%
XLY
+8.9%

CAL outperformed XLY by +9.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
CAL
+12.8%
XLY
+1.9%

Since the filing became public, CAL outperformed XLY by +10.9% .

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.

19 top-rated funds 0 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: CAL
160 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 160 160 -
13F Shares 31M 34M -9.25%
Total Value $325M $929M -65.0%
New Positions 26 27 -1
Increased Positions 43 52 -9
Closed Positions 26 54 -28
Reduced Positions 67 65 +2
Total Calls 6 5 20.0%
Total Puts 6 5 20.0%
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: CAL

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Valuation Measures Data as of: --

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

Financial Highlights

Profitability
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Institutional Holders (2026 Q1)

160 + investors

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

QUARTER:
Top 25 CAL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Daytona Street Capital LLC 0.80% 94,333 $1.0M
2 Invenomic Capital Management LP 0.53% 1,104,013 $11.6M
3 Mork Capital Management, LLC 0.37% 50,000 $527K
4 Paradigm Capital Management Inc/Ny 0.37% 911,599 $9.6M
5 SummerHaven Investment Management, LLC 0.32% 48,980 $516K
6 Pacific Ridge Capital Partners, LLC 0.21% 93,783 $988K
7 Blueshift Asset Management, LLC 0.13% 39,239 $414K
8 Numerai GP LLC 0.11% 103,362 $1.1M
9 Landscape Capital Management, L.L.C. 0.09% 131,654 $1.4M
10 Catalyst Funds Management Pty Ltd 0.07% 40,500 $427K
11 Guerra Pan Advisors, LLC 0.07% 10,667 $112K
12 Odyssean, LLC 0.05% 14,094 $149K
13 Correct Capital Wealth Management 0.03% 14,884 $157K
14 Bridgeway Capital Management, LLC 0.03% 129,401 $1.4M
15 Ancora Advisors LLC 0.03% 121,040 $1.3M
16 Fox Run Management, L.L.C. 0.03% 14,035 $146K
17 Abacus Wealth Partners, LLC 0.03% 26,300 $277K
18 Polar Asset Management Partners Inc. 0.02% 97,600 $1.0M
19 Engineers Gate Manager LP 0.02% 149,839 $1.6M
20 Jump Financial, LLC 0.02% 125,629 $1.3M
21 Brooklyn Investment Group 0.01% 30,668 $323K
22 Empowered Funds, LLC 0.01% 144,706 $1.5M
23 Neuberger Berman Group LLC 0.01% 1,140,275 $12.0M
24 Maverick Capital Ltd 0.01% 69,210 $729K
25 Arrowstreet Capital, Limited Partnership 0.01% 1,474,671 $15.5M
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 — Caleres Inc (CAL)

What does the Smart Money Trend signal show for CAL?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for CAL?

More sellers than buyers — 44% buying: Last quarter: 94 funds reduced or exited vs 73 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 CAL holders?

Elite ownership — 60% AUM from top-100 funds: 40 of 160 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in CAL. 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 CAL?

66% of holders stayed for 2+ years: 106 out of 160 hedge funds have held CAL 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 Caleres Inc (CAL) following the 2026 Q1 hedge fund 13F filings?

As of today, CAL has moved +12.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.9% for the XLY sector ETF — an outperformance of +10.9%. Since the quarter end (March 31, 2026), CAL has gained +18.5% vs +8.9% for XLY. 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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