Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Conmed Corp (CNMD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -26
Streak
4Q ▼
Buyers last Q
50%

Smart Money Signals — CNMD

Based on 234 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds reduced or closed their CNMD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 80% of 3.0Y peak

80% of all-time peak
234 funds currently hold this stock — 80% of the 3.0-year high of 294 funds (reached 2023 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 16% fewer funds vs a year ago

fund count last 6Q
45 fewer hedge funds hold CNMD compared to a year ago (-16% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 50% buying

129 buying131 selling
Last quarter: 129 funds bought or added vs 131 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.
⚠️

Fewer new buyers each quarter (-16 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 42 → 43 → 49 → 33. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

68% of holders stayed for 2+ years

■ 68% conviction (2yr+) ■ 18% medium ■ 15% new
158 out of 234 hedge funds have held CNMD 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.
➡️

Steady discovery — ~33 new funds/quarter

47 → 42 → 43 → 49 → 33 new funds/Q
New funds entering each quarter: 42 → 43 → 49 → 33. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 73% of holders stayed 2+ years

■ 73% veterans ■ 10% 1-2yr ■ 17% new
Of 237 current holders: 172 (73%) 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 — 35% AUM from major funds

35% from top-100 AUM funds
51 of 234 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.
2.4
out of 10
Low Exit Risk
Exit risk score 2.4/10 — 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 — CNMD

In 2026 Q1, 129 hedge funds were net buyers of CNMD (33 opened a new position, 96 added to an existing one), while 131 reduced or exited (72 trimmed, 59 sold completely) — a 50% buyer ratio, indicating a slight buying edge. This extends a 4-quarter selling streak, suggesting sustained institutional caution. 35% of total institutional value in CNMD is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -26 funds (more exits than new entries). Total institutional holders: 234.

Hedge Fund Ownership: CNMD

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

Market Analysis: CNMD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CNMD

-- --

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

Is It Too Late to Buy Conmed Corp (CNMD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CNMD 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 · 75d ago
CNMD
-1.7%
XLV
+4.9%

CNMD outperformed XLV by -6.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
CNMD
-4.3%
XLV
+6.0%

Since the filing became public, CNMD outperformed XLV by -10.3% .

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.

23 top-rated funds 1 high-conviction
Consensus
6.0
/ 10
breadth
×
Elite
0.8
/ 10
conviction
Hedge Fund Positioning: CNMD
232 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 232 260 -10.77%
13F Shares 34M 34M 0.07%
Total Value $1.17B $1.36B -14.03%
New Positions 32 49 -17
Increased Positions 95 95 -
Closed Positions 60 55 +5
Reduced Positions 72 91 -19
Total Calls 1 1 -
Total Puts 2 0 100%
PUT/CALL Ratio 2.0 0.0 Bearish

Statistics: CNMD

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

232 + investors

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

QUARTER:
Top 25 CNMD holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Villanova Investment Management Co LLC 2.27% 62,781 $2.2M
2 Invenomic Capital Management LP 1.52% 934,601 $33.0M
3 Tributary Capital Management, LLC 0.85% 248,977 $8.8M
4 Bridge City Capital, LLC 0.51% 51,617 $1.8M
5 Cooke & Bieler LP 0.40% 987,783 $34.9M
6 Earnest Partners LLC 0.37% 2,569,653 $90.9M
7 Epiq Partners, LLC 0.25% 15,059 $532K
8 Fuller & Thaler Asset Management, INC. 0.20% 1,641,766 $58.1M
9 Silvercrest Asset Management Group LLC 0.17% 648,577 $22.9M
10 Fox Run Management, L.L.C. 0.12% 19,776 $662K
11 Dana Investment Advisors, Inc. 0.10% 95,813 $3.4M
12 Twinbeech Capital LP 0.09% 25,928 $917K
13 Mountain Pacific Investment Advisers LLC 0.08% 13,017 $460K
14 Wedge Capital Management L L P/Nc 0.07% 114,421 $4.0M
15 Confluence Investment Management LLC 0.05% 93,530 $3.3M
16 Trexquant Investment LP 0.05% 192,068 $6.8M
17 XTX Topco Ltd 0.05% 78,084 $2.8M
18 Glenmede Trust Co NA 0.05% 275,888 $9.8M
19 Mirabella Financial Services LLP 0.04% 10,693 $378K
20 Mangrove Partners IM, LLC 0.03% 12,224 $432K
21 Allspring Global Investments Holdings, LLC 0.03% 582,733 $20.7M
22 Hotchkis & Wiley Capital Management LLC 0.03% 317,450 $11.2M
23 Sei Investments Co 0.03% 1,004,715 $35.5M
24 Bridgeway Capital Management, LLC 0.03% 41,000 $1.4M
25 Connable Office Inc 0.03% 7,947 $281K
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 — Conmed Corp (CNMD)

What does the Smart Money Trend signal show for CNMD?

Selling streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds reduced or closed their CNMD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for CNMD?

Slight buying edge — 50% buying: Last quarter: 129 funds bought or added vs 131 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 CNMD holders?

Strong quality — 35% AUM from major funds: 51 of 234 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 CNMD?

68% of holders stayed for 2+ years: 158 out of 234 hedge funds have held CNMD 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 Conmed Corp (CNMD) following the 2026 Q1 hedge fund 13F filings?

As of today, CNMD has moved -4.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.0% for the XLV sector ETF — an outperformance of -10.3%. Since the quarter end (March 31, 2026), CNMD has gained -1.7% vs +4.9% 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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