Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Caredx Inc (CDNA)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +36
Streak
1Q ▲
Buyers last Q
59%

Smart Money Signals — CDNA

Based on 225 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added CDNA 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
225 hedge funds hold CDNA 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.
📶

Steady growth — +16% more funds vs a year ago

fund count last 6Q
+31 new funds entered over the past year (+16% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 59% buying

130 buying90 selling
Last quarter: 130 funds bought or added vs 90 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.
📈

More new buyers each quarter (+32 vs last Q)

new funds entering per quarter
Funds opening a new CDNA position: 36 → 43 → 24 → 56. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 18% medium ■ 23% new
133 out of 225 hedge funds have held CDNA 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.
💰

Value +71% but shares only +4% — price-driven

Value
+70%
Shares
+3%
Last quarter: the total dollar value of institutional holdings rose +71%, but actual share count only changed +4%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️

Steady discovery — ~56 new funds/quarter

25 → 36 → 43 → 24 → 56 new funds/Q
New funds entering each quarter: 36 → 43 → 24 → 56. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 63% veterans vs 25% newcomers

■ 63% veterans ■ 12% 1-2yr ■ 25% new
Entry-cohort mix of 228 holders: 143 (63%) are 2+ year veterans, 27 entered 1–2 years ago, and 58 (25%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds
50 of 225 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in CDNA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 — CDNA

In 2026 Q2, 130 hedge funds were net buyers of CDNA (56 opened a new position, 74 added to an existing one), while 90 reduced or exited (70 trimmed, 20 sold completely) — a 59% buyer ratio, indicating a slight buying edge. 40% of total institutional value in CDNA is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +36 funds (more new holders than closures). Total institutional holders: 225.

Hedge Fund Ownership: CDNA

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

Market Analysis: CDNA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CDNA

-- --

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

10 top-rated funds 1 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
2.1
/ 10
conviction
Hedge Fund Positioning: CDNA
222 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 222 189 17.46%
13F Shares 53M 52M 0.78%
Total Value $1.49B $902M 64.72%
New Positions 55 24 +31
Increased Positions 72 71 +1
Closed Positions 22 33 -11
Reduced Positions 68 60 +8
Total Calls 3 1 200.0%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: CDNA

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Institutional Holders (2026 Q2)

222 + investors

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

QUARTER:
Top 25 CDNA holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Blue Water Life Science Advisors, LP 21.36% 1,190,000 $33.9M
2 Gagnon Advisors, LLC 9.91% 546,893 $15.6M
3 Gagnon Securities LLC 9.73% 1,770,735 $50.5M
4 Ophir Asset Management Pty Ltd 2.96% 1,264,809 $36.0M
5 Palo Alto Investors LP 2.09% 531,870 $15.2M
6 Braidwell LP 1.29% 1,220,602 $34.8M
7 Zweig-DiMenna Associates LLC 1.01% 388,812 $11.1M
8 Formula Growth Ltd 0.78% 78,026 $2.2M
9 Portolan Capital Management, LLC 0.73% 684,805 $19.5M
10 Deerfield Management Company, L.P. 0.59% 1,997,618 $56.9M
11 Parkman Healthcare Partners LLC 0.59% 202,417 $5.8M
12 Meridiem Capital Partners LP 0.58% 451,493 $12.9M
13 Palumbo Wealth Management LLC 0.49% 82,946 $2.4M
14 Virtus Advisers, LLC 0.46% 42,046 $1.2M
15 Divisadero Street Capital Management, LP 0.45% 700,938 $20.0M
16 Amova Asset Management Americas, Inc. 0.44% 1,188,075 $33.8M
17 Globeflex Capital L P 0.43% 119,252 $3.4M
18 Uniplan Investment Counsel, Inc. 0.42% 157,131 $4.5M
19 ArrowMark Colorado Holdings LLC 0.40% 338,549 $9.6M
20 ARK Investment Management LLC 0.36% 1,953,531 $55.7M
21 Kera Capital Partners, Inc. 0.25% 91,108 $2.6M
22 Knott David M Jr 0.21% 13,630 $388K
23 IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.18% 99,173 $2.8M
24 Royce & Associates LP 0.13% 575,971 $16.4M
25 Regal Partners Ltd 0.12% 79,185 $2.3M
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 — Caredx Inc (CDNA)

What does the Smart Money Trend signal show for CDNA?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added CDNA 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 CDNA?

Slight buying edge — 59% buying: Last quarter: 130 funds bought or added vs 90 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 CDNA holders?

Elite ownership — 40% AUM from top-100 funds: 50 of 225 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in CDNA. 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 CDNA?

59% of holders stayed for 2+ years: 133 out of 225 hedge funds have held CDNA 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.

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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