Calumet Inc (CLMT): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Calumet Inc (CLMT) following the 2026 Q1 hedge fund 13F filings?

As of today, CLMT has moved +5.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +5.4%. Since the quarter end (March 31, 2026), CLMT gained -7.7% vs +13.9% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Calumet Inc (CLMT)

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

Smart Money Signals — CLMT

Based on 184 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 CLMT 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

184 hedge funds hold CLMT 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 — +39% more funds vs a year ago

fund count last 6Q

+52 new funds entered over the past year (+39% 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 — 62% buying

119 buying73 selling

Last quarter: 119 funds were net buyers (60 opened a brand new position + 59 added to an existing one). Only 73 were sellers (50 trimmed + 23 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+45 vs last Q)

new funds entering per quarter

Funds opening a new CLMT position: 37 → 32 → 15 → 60. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

📌

Mixed — 38% long-term, 30% new

■ 38% conviction (2yr+) ■ 32% medium ■ 30% new

Of the 184 current holders: 70 (38%) held >2 years, 58 held 1–2 years, and 56 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

💰

Value +85% but shares only +2% — price-driven

Value

+84%

+2%

Last quarter: the total dollar value of institutional holdings rose +85%, but actual share count only changed +2%. 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 — ~60 new funds/quarter

29 → 37 → 32 → 15 → 60 new funds/Q

New funds entering each quarter: 37 → 32 → 15 → 60. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Veteran-anchored — 46% veterans vs 38% newcomers

■ 46% veterans ■ 16% 1-2yr ■ 38% new

Entry-cohort mix of 200 holders: 93 (46%) are 2+ year veterans, 32 entered 1–2 years ago, and 75 (38%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 32% AUM from major funds

32% from top-100 AUM funds

39 of 177 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.

4.1

out of 10

Moderate Exit Risk

Exit risk score 4.1/10 — 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 Q1)	Prior (2025 Q4)	Change
Funds Holding	183	147	24.49%
13F Shares	55M	54M	2.07%
Total Value	$1.98B	$1.07B	84.2%
New Positions	60	15	+45
Increased Positions	58	43	+15
Closed Positions	24	25	-1
Reduced Positions	43	59	-16
Total Calls	10	9	11.11%
Total Puts	13	8	62.5%
PUT/CALL Ratio	1.3	0.89	Bearish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

183

147

24.49%

13F Shares

55M

54M

2.07%

Total Value

$1.98B

$1.07B

84.2%

New Positions

+45

Increased Positions

+15

Closed Positions

-1

Reduced Positions

-16

Total Calls

11.11%

Total Puts

62.5%

PUT/CALL Ratio

1.3

0.89

Bearish

Institutional Holders (2026 Q1)

183 + investors

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

QUARTER:

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

Top 25 CLMT holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Wasserstein Management, L.P.	86.96%	4,573,363	$164.2M
2	Adams Asset Advisors, LLC	12.90%	3,202,232	$115.0M
3	Two Seas Capital LP	2.99%	5,960,292	$214.0M
4	Rangeley Capital, LLC	1.85%	53,000	$1.9M
5	one8zero8, LLC	1.51%	188,235	$6.8M
6	Graham Capital Management, L.P.	1.49%	1,713,400	$61.5M
7	AYAL Capital Advisors Ltd	1.48%	151,877	$5.5M
8	AYAL Capital Advisors Ltd	0.92%	95,000	$3.4M
9	ELCO Management Co., LLC	0.67%	39,120	$1.4M
10	Informed Momentum Co LLC	0.63%	151,692	$5.4M
11	Garnet Equity Capital Holdings, INC.	0.56%	100,746	$3.6M
12	Voleon Capital Management LP	0.53%	681,932	$24.5M
13	Neo Ivy Capital Management	0.49%	51,435	$1.8M
14	Diametric Capital, LP	0.43%	45,739	$1.6M
15	VARCOV Co.	0.40%	29,979	$1.1M
16	Founders Financial Alliance, LLC	0.36%	55,855	$2.0M
17	Caldwell Sutter Capital, INC.	0.28%	19,483	$699K
18	O'Keefe Stevens Advisory, Inc.	0.25%	28,435	$1.0M
19	MQS Management LLC	0.23%	9,631	$346K
20	Lombard Odier Asset Management (USA) Corp	0.22%	59,534	$2.1M
21	FAS Wealth Partners, Inc.	0.22%	96,321	$3.5M
22	Sagefield Capital LP	0.18%	68,428	$2.5M
23	BlueCrest Capital Management Ltd	0.13%	60,000	$2.2M
24	Mcintyre Freedman & Flynn Investment Advisers Inc	0.12%	6,000	$215K
25	Dockside LLC	0.10%	11,390	$409K

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 — Calumet Inc (CLMT)

What does the Smart Money Trend signal show for CLMT?

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

More buyers than sellers — 62% buying: Last quarter: 119 funds were net buyers (60 opened a brand new position + 59 added to an existing one). Only 73 were sellers (50 trimmed + 23 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for CLMT holders?

Strong quality — 32% AUM from major funds: 39 of 177 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 CLMT?

Mixed — 38% long-term, 30% new: Of the 184 current holders: 70 (38%) held >2 years, 58 held 1–2 years, and 56 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Calumet Inc (CLMT) following the 2026 Q1 hedge fund 13F filings?

As of today, CLMT has moved +5.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +5.4%. Since the quarter end (March 31, 2026), CLMT has gained -7.7% vs +13.9% for SPY. 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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Calumet Inc (CLMT)

Smart Money Signals — CLMT

Buying streak — 1 quarter in a row

At the ownership peak (100% of max)

Fast accumulation — +39% more funds vs a year ago

More buyers than sellers — 62% buying

More new buyers each quarter (+45 vs last Q)

Mixed — 38% long-term, 30% new

Value +85% but shares only +2% — price-driven

Steady discovery — ~60 new funds/quarter

Veteran-anchored — 46% veterans vs 38% newcomers

Strong quality — 32% AUM from major funds

Institutional Sentiment Summary — CLMT

Hedge Fund Ownership: CLMT

Market Analysis: CLMT

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: CLMT

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

Hedge Fund Positioning: CLMT

Statistics: CLMT

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Calumet Inc (CLMT)

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