Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Cardlytics Inc (CDLX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -7
Streak
4Q ▼
Buyers last Q
38%

Smart Money Signals — CDLX

Based on 61 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds reduced or closed their CDLX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 43% of 3.0Y high

43% of all-time peak
Only 61 funds hold CDLX today versus a peak of 143 funds at 2024 Q1 — just 43% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 44% fewer funds vs a year ago

fund count last 6Q
48 fewer hedge funds hold CDLX compared to a year ago (-44% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴

Heavy selling pressure — only 38% buying

26 buying42 selling
Last quarter: 42 funds sold vs only 26 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~13 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 17 → 24 → 10 → 13. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

67% of holders stayed for 2+ years

■ 67% conviction (2yr+) ■ 16% medium ■ 16% new
41 out of 61 hedge funds have held CDLX 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.
⚠️

Saturation — most institutions already know this story

13 → 17 → 24 → 10 → 13 new funds/Q
New funds entering each quarter: 17 → 24 → 10 → 13. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🏛️

Veteran-anchored — 72% veterans vs 20% newcomers

■ 72% veterans ■ 8% 1-2yr ■ 20% new
Entry-cohort mix of 65 holders: 47 (72%) are 2+ year veterans, 5 entered 1–2 years ago, and 13 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 13% AUM from top-100

13% from top-100 AUM funds
19 of 59 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
1.2
out of 10
Low Exit Risk
Exit risk score 1.2/10 — 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 — CDLX

In 2026 Q1, 26 hedge funds were net buyers of CDLX (13 opened a new position, 13 added to an existing one), while 42 reduced or exited (22 trimmed, 20 sold completely) — a 38% buyer ratio, indicating net institutional distribution. This extends a 4-quarter selling streak, suggesting sustained institutional caution. Net fund flow last quarter: -7 funds (more exits than new entries). Total institutional holders: 61.

Hedge Fund Ownership: CDLX

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

Market Analysis: CDLX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CDLX

-- --

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

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

Signal Freshness measures how much CDLX has moved relative to its sector benchmark (XLC) 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 · 81d ago
CDLX
nan%
XLC
nan%

CDLX outperformed XLC by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
CDLX
nan%
XLC
nan%

Since the filing became public, CDLX outperformed XLC by nan% .

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 ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

9 top-rated funds 0 high-conviction
Consensus
4.3
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: CDLX
61 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 61 68 -10.29%
13F Shares 18M 23M -20.92%
Total Value $20M $27M -26.34%
New Positions 13 10 +3
Increased Positions 10 13 -3
Closed Positions 20 25 -5
Reduced Positions 22 27 -5
Total Calls 3 4 -25.0%
Total Puts 3 3 -
PUT/CALL Ratio 1.0 0.75 Neutral

Statistics: CDLX

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

Financial Highlights

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Profit Margin --
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Institutional Holders (2026 Q1)

61 + investors

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

QUARTER:
Top 25 CDLX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Worldly Partners Management, LLC 1.03% 1,157,989 $1.2M
2 CAS Investment Partners, LLC 0.31% 5,198,067 $5.5M
3 KPS Global Asset Management UK Ltd 0.21% 1,218,830 $1.3M
4 683 Capital Management, LLC 0.08% 1,450,000 $1.5M
5 RBF Capital, LLC 0.04% 800,103 $840K
6 Quinn Opportunity Partners LLC 0.03% 462,402 $486K
7 Post Resch Tallon Group Inc. 0.02% 20,000 $20K
8 Two Sigma Securities, LLC 0.00% 31,624 $33K
9 Warren Street Wealth Advisors, LLC 0.00% 12,947 $14K
10 Bridgeway Capital Management, LLC 0.00% 75,758 $80K
11 Summit Financial Strategies, Inc. 0.00% 14,000 $15K
12 BIP Wealth, LLC 0.00% 18,205 $19K
13 XTX Topco Ltd 0.00% 36,552 $38K
14 Hrt Financial LP 0.00% 146,395 $153K
15 Jacobs Levy Equity Management, Inc 0.00% 53,100 $56K
16 Renaissance Technologies LLC 0.00% 112,500 $118K
17 Brown Advisory Inc 0.00% 103,828 $109K
18 Rialto Wealth Management, LLC 0.00% 540 —
19 LPL Financial LLC 0.00% 437,412 $459K
20 Vanguard Fiduciary Trust Co 0.00% 324,700 $341K
21 Susquehanna International Group, LLP 0.00% 509,900 $535K
22 Vanguard Capital Management LLC 0.00% 2,063,367 $2.2M
23 Simplex Trading, LLC 0.00% 69,396 $73K
24 Raymond James Financial Inc 0.00% 143,185 $150K
25 Osaic Holdings, INC. 0.00% 28,475 $30K
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 — Cardlytics Inc (CDLX)

What does the Smart Money Trend signal show for CDLX?

Selling streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds reduced or closed their CDLX 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 CDLX?

Heavy selling pressure — only 38% buying: Last quarter: 42 funds sold vs only 26 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for CDLX holders?

Smaller funds dominant — 13% AUM from top-100: 19 of 59 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held CDLX?

67% of holders stayed for 2+ years: 41 out of 61 hedge funds have held CDLX 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 Cardlytics Inc (CDLX) following the 2026 Q1 hedge fund 13F filings?

As of today, CDLX has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to nan% for the XLC sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), CDLX has gained nan% vs nan% for XLC. 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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