Carlsmed Inc (CARL) Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Carlsmed Inc (CARL) following the 2026 Q3 hedge fund 13F filings?

As of today, CARL has moved +0.0% since the 2026 Q3 13F filing date (November 14, 2026), compared to +0.0% for the XLV sector ETF — an outperformance of +0.0%. Since the quarter end (September 30, 2026), CARL gained +22.6% vs +12.1% 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.

Carlsmed Inc (CARL)

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

Smart Money Signals — CARL

Based on 74 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q

For 4 consecutive quarters, more hedge funds added CARL 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

74 hedge funds hold CARL 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 — +7300% more funds vs a year ago

fund count last 6Q

+73 new funds entered over the past year (+7300% 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.

🟢

More buyers than sellers — 69% buying

57 buying26 selling

Last quarter: 57 funds were net buyers (25 opened a brand new position + 32 added to an existing one). Only 26 were sellers (11 trimmed + 15 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~25 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 45 → 17 → 21 → 25. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔄

Mostly new holders — 66% entered in last year

■ 1% conviction (2yr+) ■ 32% medium ■ 66% new

Only 1 funds (1%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

📊

Peak discovery — momentum slowing

0 → 45 → 17 → 21 → 25 new funds/Q

New funds entering each quarter: 45 → 17 → 21 → 25. CARL is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🌱

Early stage — 97% of holders entered in last year

■ 3% veterans ■ 0% 1-2yr ■ 97% new

Of 74 current holders: 72 (97%) entered in the past year, only 2 (3%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.

✅

Strong quality — 32% AUM from major funds

32% from top-100 AUM funds

28 of 74 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

6.7

out of 10

Moderate Exit Risk

Exit risk score 6.7/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 Q2)	Prior (2026 Q1)	Change
Funds Holding	73	64	14.06%
13F Shares	6M	5M	8.41%
Total Value	$59M	$48M	23.18%
New Positions	25	21	+4
Increased Positions	31	14	+17
Closed Positions	16	13	+3
Reduced Positions	11	18	-7
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

14.06%

13F Shares

8.41%

Total Value

$59M

$48M

23.18%

New Positions

Increased Positions

+17

Closed Positions

Reduced Positions

-7

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q3)

73 + investors

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

QUARTER:

2026 Q3 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.

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

Top 25 CARL holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Pier Capital, LLC	1.06%	518,711	$7.3M
2	Palumbo Wealth Management LLC	0.78%	265,891	$3.7M
3	Alpine Woods Capital Investors, LLC	0.05%	16,044	$226K
4	Tocqueville Asset Management L.P.	0.02%	80,000	$1.1M
5	Kornitzer Capital Management Inc /Ks	0.01%	49,769	$700K
6	Zevenbergen Capital Investments LLC	0.01%	17,900	$252K
7	Entropy Technologies, LP	0.01%	11,345	$160K
8	Russell Investments Group, Ltd.	0.00%	257,805	$3.6M
9	Jump Financial, LLC	0.00%	26,400	$371K
10	Centiva Capital, LP	0.00%	14,716	$207K
11	Empowered Funds, LLC	0.00%	32,006	$450K
12	Quadrature Capital Ltd	0.00%	12,113	$170K
13	Armstrong Advisory Group, Inc	0.00%	1,234	$17K
14	Boston Partners	0.00%	43,923	$618K
15	Essential Partners LLC	0.00%	67	—
16	Walleye Capital LLC	0.00%	27,787	$391K
17	BNP Paribas Financial Markets	0.00%	62,570	$880K
18	Ameritas Investment Partners, Inc.	0.00%	565	$8K
19	Vanguard Fiduciary Trust Co	0.00%	65,860	$927K
20	True Wealth Design, LLC	0.00%	47	—
21	Physician Wealth Advisors, Inc.	0.00%	91	$1K
22	Police & Firemen's Retirement System of New Jersey	0.00%	1,258	$18K
23	BlackRock, Inc.	0.00%	581,660	$8.2M
24	Rhumbline Advisers	0.00%	9,921	$140K
25	Fortitude Family Office, LLC	0.00%	41	—

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 — Carlsmed Inc (CARL)

What does the Smart Money Trend signal show for CARL?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added CARL 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 CARL?

More buyers than sellers — 69% buying: Last quarter: 57 funds were net buyers (25 opened a brand new position + 32 added to an existing one). Only 26 were sellers (11 trimmed + 15 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for CARL holders?

Strong quality — 32% AUM from major funds: 28 of 74 holders rank in the top 100 by AUM, accounting for 32% 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 CARL?

Mostly new holders — 66% entered in last year: Only 1 funds (1%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Carlsmed Inc (CARL) following the 2026 Q3 hedge fund 13F filings?

As of today, CARL has moved +0.0% since the 2026 Q3 13F filing date (November 14, 2026), compared to +0.0% for the XLV sector ETF — an outperformance of +0.0%. Since the quarter end (September 30, 2026), CARL has gained +22.6% vs +12.1% 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.

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Carlsmed Inc (CARL)

Smart Money Signals — CARL

Buying streak — 4 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +7300% more funds vs a year ago

More buyers than sellers — 69% buying

Steady new buyers — ~25 new funds per quarter

Mostly new holders — 66% entered in last year

Peak discovery — momentum slowing

Early stage — 97% of holders entered in last year

Strong quality — 32% AUM from major funds

Institutional Sentiment Summary — CARL

Hedge Fund Ownership: CARL

Market Analysis: CARL

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: CARL

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

Hedge Fund Positioning: CARL

Statistics: CARL

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q3)

Frequently Asked Questions — Carlsmed Inc (CARL)

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