Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Codexis Inc (CDXS)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +10
Streak
1Q ▲
Buyers last Q
59%

Smart Money Signals — CDXS

Based on 132 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added CDXS 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
132 hedge funds hold CDXS 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 — +6% more funds vs a year ago

fund count last 6Q
+8 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 59% buying

79 buying56 selling
Last quarter: 79 funds bought or added vs 56 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 (+16 vs last Q)

new funds entering per quarter
Funds opening a new CDXS position: 8 → 25 → 16 → 32. 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+) ■ 15% medium ■ 26% new
78 out of 132 hedge funds have held CDXS 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.
📈

Growing discovery — still being found

16 → 8 → 25 → 16 → 32 new funds/Q
New funds entering each quarter: 8 → 25 → 16 → 32. A growing number of institutions are discovering CDXS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 62% of holders stayed 2+ years

■ 62% veterans ■ 12% 1-2yr ■ 26% new
Of 133 current holders: 82 (62%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 32% AUM from major funds

32% from top-100 AUM funds
38 of 132 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.
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 — CDXS

In 2026 Q1, 79 hedge funds were net buyers of CDXS (32 opened a new position, 47 added to an existing one), while 56 reduced or exited (34 trimmed, 22 sold completely) — a 59% buyer ratio, indicating a slight buying edge. 32% of total institutional value in CDXS is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 132.

Hedge Fund Ownership: CDXS

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

Market Analysis: CDXS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CDXS

-- --

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

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

Signal Freshness measures how much CDXS has moved relative to its sector benchmark (XLV) 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
CDXS
+58.6%
XLV
+3.9%

CDXS outperformed XLV by +54.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
CDXS
+5.1%
XLV
+4.9%

Since the filing became public, CDXS outperformed XLV by +0.2% .

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.

15 top-rated funds 0 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: CDXS
130 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 130 122 6.56%
13F Shares 65M 65M 1.21%
Total Value $106M $115M -7.7%
New Positions 30 16 +14
Increased Positions 46 52 -6
Closed Positions 22 24 -2
Reduced Positions 34 33 +1
Total Calls 1 1 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: CDXS

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Institutional Holders (2026 Q1)

130 + investors

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

QUARTER:
Top 25 CDXS holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Opaleye Management Inc. 1.46% 6,785,000 $11.1M
2 Perkins Capital Management Inc 0.81% 527,500 $860K
3 Post Resch Tallon Group Inc. 0.79% 571,478 $975K
4 Telemark Asset Management, LLC 0.58% 3,846,411 $6.3M
5 Potomac Capital Management, Inc. 0.39% 274,200 $447K
6 Stonepine Capital Management, LLC 0.27% 417,994 $681K
7 Nantahala Capital Management, LLC 0.25% 4,123,613 $6.7M
8 Diametric Capital, LP 0.15% 359,268 $586K
9 Platinum Investment Management Ltd 0.11% 264,464 $431K
10 Aberdeen Group plc 0.02% 8,680,368 $14.1M
11 Frec Markets, Inc. 0.01% 36,253 $59K
12 Elmwood Wealth Management, Inc. 0.01% 21,695 $35K
13 Jacobs Levy Equity Management, Inc 0.01% 1,088,027 $1.8M
14 Caerus Investment Advisors, LLC 0.01% 10,580 $17K
15 Prelude Capital Management, LLC 0.01% 54,680 $89K
16 Private Advisor Group, LLC 0.01% 847,001 $1.4M
17 Navalign, LLC 0.01% 15,340 $25K
18 XTX Topco Ltd 0.00% 167,542 $273K
19 Essential Partners LLC 0.00% 7,988 $13K
20 Bridgeway Capital Management, LLC 0.00% 125,908 $205K
21 Krilogy Financial LLC 0.00% 36,257 $92K
22 Millennium Management LLC 0.00% 3,998,130 $6.5M
23 China Universal Asset Management Co., Ltd. 0.00% 16,029 $26K
24 Assenagon Asset Management S.A. 0.00% 751,170 $1.2M
25 Tudor Investment Corp Et Al 0.00% 537,833 $877K
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 — Codexis Inc (CDXS)

What does the Smart Money Trend signal show for CDXS?

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

Slight buying edge — 59% buying: Last quarter: 79 funds bought or added vs 56 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 CDXS holders?

Strong quality — 32% AUM from major funds: 38 of 132 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 CDXS?

59% of holders stayed for 2+ years: 78 out of 132 hedge funds have held CDXS 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 Codexis Inc (CDXS) following the 2026 Q1 hedge fund 13F filings?

As of today, CDXS has moved +5.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.9% for the XLV sector ETF — an outperformance of +0.2%. Since the quarter end (March 31, 2026), CDXS has gained +58.6% vs +3.9% 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.

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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