Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Clean Energy Fuels Corp (CLNE)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +14
Streak
2Q ▲
Buyers last Q
58%

Smart Money Signals — CLNE

Based on 213 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 CLNE 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 (96% of max)

96% of all-time peak
213 hedge funds hold CLNE 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding CLNE is almost the same as a year ago (+2 funds, +1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 58% buying

106 buying77 selling
Last quarter: 106 funds bought or added vs 77 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.
➡️

Steady new buyers — ~36 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 34 → 26 → 34 → 36. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 22% medium ■ 17% new
131 out of 213 hedge funds have held CLNE 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 +19% but shares only +2% — price-driven

Value
+18%
Shares
+1%
Last quarter: the total dollar value of institutional holdings rose +19%, 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.
📈

Growing discovery — still being found

31 → 34 → 26 → 34 → 36 new funds/Q
New funds entering each quarter: 34 → 26 → 34 → 36. A growing number of institutions are discovering CLNE each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 71% of holders stayed 2+ years

■ 71% veterans ■ 10% 1-2yr ■ 19% new
Of 218 current holders: 155 (71%) 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 — 36% AUM from major funds

36% from top-100 AUM funds
44 of 213 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — 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 — CLNE

In 2026 Q1, 106 hedge funds were net buyers of CLNE (36 opened a new position, 70 added to an existing one), while 77 reduced or exited (55 trimmed, 22 sold completely) — a 58% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 36% of total institutional value in CLNE is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +14 funds (more new holders than closures). Total institutional holders: 213.

Hedge Fund Ownership: CLNE

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

Market Analysis: CLNE

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CLNE

-- --

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

Is It Too Late to Buy Clean Energy Fuels Corp (CLNE) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CLNE has moved relative to its sector benchmark (XLE) 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 · 76d ago
CLNE
-23.0%
XLE
-6.1%

CLNE outperformed XLE by -16.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 31d ago
CLNE
-6.8%
XLE
-3.2%

Since the filing became public, CLNE outperformed XLE by -3.6% .

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.

19 top-rated funds 0 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
0.4
/ 10
conviction
Hedge Fund Positioning: CLNE
212 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 212 199 6.53%
13F Shares 106M 104M 1.91%
Total Value $260M $219M 18.91%
New Positions 35 34 +1
Increased Positions 70 60 +10
Closed Positions 22 27 -5
Reduced Positions 53 55 -2
Total Calls 3 3 -
Total Puts 2 3 -33.33%
PUT/CALL Ratio 0.67 1.0 Bullish

Statistics: CLNE

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

212 + investors

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

QUARTER:
Top 25 CLNE holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Global Alpha Capital Management Ltd. 1.06% 7,126,817 $17.7M
2 J. Derek Lewis & Associates Inc. 0.92% 1,864,180 $3.9M
3 SIR Capital Management, L.P. 0.49% 2,103,095 $5.2M
4 EagleClaw Capital Managment, LLC 0.12% 350,600 $869K
5 ECP ControlCo, LLC 0.10% 2,594,759 $6.4M
6 Gmt Capital Corp 0.09% 767,758 $1.9M
7 Bridgeway Capital Management, LLC 0.08% 1,675,824 $4.2M
8 Grantham, Mayo, Van Otterloo & Co. LLC 0.07% 11,197,933 $27.8M
9 Keenan, LLC 0.05% 25,616 $64K
10 Inspire Investing, LLC 0.04% 206,301 $512K
11 Moors & Cabot, Inc. 0.03% 326,485 $810K
12 EntryPoint Capital, LLC 0.03% 40,338 $100K
13 State of Wyoming 0.03% 93,741 $232K
14 Promethium Advisors,LLC 0.02% 19,000 $47K
15 Evolve Private Wealth, LLC 0.02% 177,156 $439K
16 Holderness Investments Co 0.02% 46,271 $115K
17 Cim Investment Management Inc 0.02% 31,412 $78K
18 Numerai GP LLC 0.02% 80,130 $199K
19 Ariadne Wealth Management, LP 0.02% 17,811 $44K
20 Headlands Technologies LLC 0.02% 65,902 $163K
21 Empowered Funds, LLC 0.02% 1,075,824 $2.7M
22 R Squared Ltd 0.02% 12,460 $31K
23 Connors Investor Services Inc 0.02% 67,607 $168K
24 My Portfolio Guide, LLC 0.01% 9,855 $24K
25 Element Pointe Advisors, LLC 0.01% 27,000 $67K
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 — Clean Energy Fuels Corp (CLNE)

What does the Smart Money Trend signal show for CLNE?

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

Slight buying edge — 58% buying: Last quarter: 106 funds bought or added vs 77 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 CLNE holders?

Strong quality — 36% AUM from major funds: 44 of 213 holders rank in the top 100 by AUM, accounting for 36% 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 CLNE?

62% of holders stayed for 2+ years: 131 out of 213 hedge funds have held CLNE 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 Clean Energy Fuels Corp (CLNE) following the 2026 Q1 hedge fund 13F filings?

As of today, CLNE has moved -6.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to -3.2% for the XLE sector ETF — an outperformance of -3.6%. Since the quarter end (March 31, 2026), CLNE has gained -23.0% vs -6.1% for XLE. 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.

Full history →