CDNL Hedge Fund Ownership (Q1 2026)

Cardinal Infrastructure Grou (CDNL)

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

Smart Money Signals — CDNL

Based on 91 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 CDNL 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

91 hedge funds hold CDNL 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 — +9000% more funds vs a year ago

fund count last 6Q

+90 new funds entered over the past year (+9000% 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 — 75% buying

79 buying26 selling

Last quarter: 79 funds were net buyers (53 opened a brand new position + 26 added to an existing one). Only 26 were sellers (10 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~53 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 0 → 0 → 53 → 53. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔄

Mostly new holders — 98% entered in last year

■ 2% conviction (2yr+) ■ 0% medium ■ 98% new

Only 2 funds (2%) 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.

💰

Value +72% but shares only +13% — price-driven

Value

+71%

+13%

Last quarter: the total dollar value of institutional holdings rose +72%, but actual share count only changed +13%. 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 — ~53 new funds/quarter

0 → 0 → 0 → 53 → 53 new funds/Q

New funds entering each quarter: 0 → 0 → 53 → 53. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🌱

Early stage — 98% of holders entered in last year

■ 2% veterans ■ 0% 1-2yr ■ 98% new

Of 91 current holders: 89 (98%) entered in the past year, only 2 (2%) 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 — 35% AUM from major funds

35% from top-100 AUM funds

24 of 91 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

7.4

out of 10

High Exit Risk

Exit risk score 7.4/10 — multiple crowding signals converge. Institutional ownership is at 100% of its all-time high — near peak crowding. Crowded trades can unwind fast — a single catalyst can trigger a cascade.

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 Q1)	Prior (2025 Q4)	Change
Funds Holding	91	54	68.52%
13F Shares	15M	13M	13.43%
Total Value	$549M	$320M	71.59%
New Positions	53	54	-1
Increased Positions	26	0	+26
Closed Positions	16	0	+16
Reduced Positions	10	0	+10
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

68.52%

13F Shares

15M

13M

13.43%

Total Value

$549M

$320M

71.59%

New Positions

-1

Increased Positions

+26

Closed Positions

+16

Reduced Positions

+10

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

91 + investors

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

QUARTER:

2026 Q2 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 CDNL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Engle Capital Management, L.P.	11.58%	447,655	$42.2M
2	Taylor Frigon Capital Management LLC	2.33%	52,753	$5.0M
3	Ophir Asset Management Pty Ltd	2.16%	279,053	$26.3M
4	Emerald Advisers, LLC	1.88%	847,969	$79.9M
5	Emerald Mutual Fund Advisers Trust	1.82%	549,297	$51.7M
6	G2 Investment Partners Management LLC	1.10%	64,181	$6.0M
7	Osterweis Capital Management Inc	0.80%	179,516	$16.9M
8	Ranger Investment Management, L.P.	0.74%	124,927	$11.8M
9	Lisanti Capital Growth, LLC	0.70%	33,690	$3.2M
10	Brant Point Investment Management LLC	0.66%	57,000	$5.4M
11	Driehaus Capital Management LLC	0.66%	1,208,910	$113.9M
12	Renaissance Group LLC	0.46%	121,161	$11.4M
13	Emerald Investment Advisers, LLC	0.40%	63,364	$6.0M
14	Nicholas Investment Partners, LP	0.34%	64,623	$6.1M
15	Ghisallo Capital Management LLC	0.31%	167,297	$15.8M
16	Exit Wealth Advisors, LLC.	0.30%	7,010	$660K
17	Round Rock Advisors LLC	0.27%	22,438	$2.1M
18	Castleark Management LLC	0.26%	103,023	$9.7M
19	GatePass Capital, LLC	0.25%	6,921	$652K
20	Fred Alger Management, LLC	0.23%	727,033	$68.5M
21	Legato Capital Management LLC	0.22%	27,838	$2.6M
22	Wasatch Advisors LP	0.22%	349,444	$32.9M
23	Granahan Investment Management, LLC	0.16%	47,947	$4.5M
24	Dudley Capital Management, LLC	0.15%	3,900	$367K
25	Segall Bryant & Hamill, LLC	0.14%	128,395	$12.1M

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 Infrastructure Grou (CDNL)

What does the Smart Money Trend signal show for CDNL?

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

More buyers than sellers — 75% buying: Last quarter: 79 funds were net buyers (53 opened a brand new position + 26 added to an existing one). Only 26 were sellers (10 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for CDNL holders?

Strong quality — 35% AUM from major funds: 24 of 91 holders rank in the top 100 by AUM, accounting for 35% 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 CDNL?

Mostly new holders — 98% entered in last year: Only 2 funds (2%) 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.

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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Cardinal Infrastructure Grou (CDNL)

Smart Money Signals — CDNL

Buying streak — 2 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +9000% more funds vs a year ago

More buyers than sellers — 75% buying

Steady new buyers — ~53 new funds per quarter

Mostly new holders — 98% entered in last year

Value +72% but shares only +13% — price-driven

Steady discovery — ~53 new funds/quarter

Early stage — 98% of holders entered in last year

Strong quality — 35% AUM from major funds

Institutional Sentiment Summary — CDNL

Hedge Fund Ownership: CDNL

Market Analysis: CDNL

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: CDNL

Hedge Fund Positioning: CDNL

Statistics: CDNL

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Cardinal Infrastructure Grou (CDNL)

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