Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

CONMED CORP (CNMD)

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

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
8Q ▼
Buyers last Q
50%

Smart Money Signals — CNMD

Based on 250 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 8 quarters in a row

last 6Q
For 8 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 — 87% of 3.0Y peak

87% of all-time peak
250 funds currently hold this stock — 87% of the 3.0-year high of 286 funds (reached 2023 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 7% fewer funds vs a year ago

fund count last 6Q
20 fewer hedge funds hold CNMD compared to a year ago (-7% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 50% buying

139 buying138 selling
Last quarter: 139 funds bought or added vs 138 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 (+7 vs last Q)

new funds entering per quarter
Funds opening a new CNMD position: 42 → 40 → 40 → 47. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

64% of holders stayed for 2+ years

64% conviction (2yr+) 20% medium 16% new
159 out of 250 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 — ~47 new funds/quarter

39 → 42 → 40 → 40 → 47 new funds/Q
New funds entering each quarter: 42 → 40 → 40 → 47. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 71% of holders stayed 2+ years

71% veterans 10% 1-2yr 19% new
Of 251 current holders: 179 (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 — 39% AUM from major funds

39% from top-100 AUM funds
40 of 250 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — 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.

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

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

17 top-rated funds 0 high-conviction
Consensus
5.5
/ 10
breadth
×
Elite
0.9
/ 10
conviction
Hedge Fund Positioning: CNMD
2026 Q1 Stats Unlock in 20 days 251 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 251 257 -2.33%
13F Shares 34M 34M -2.1%
Total Value $1.36B $1.61B -15.6%
New Positions 47 40 +7
Increased Positions 97 94 +3
Closed Positions 50 51 -1
Reduced Positions 89 96 -7
Total Calls 1 4 -75.0%
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 0.25 Bullish

Statistics: CNMD

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

251 + investors

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

Top 25 institutional holders of CNMD — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 EPIQ PARTNERS, LLC 0.25% 15,059 $532K
2 MOUNTAIN PACIFIC INVESTMENT ADVISERS LLC 0.08% 13,017 $460K
3 WEDGE CAPITAL MANAGEMENT L L P/NC 0.07% 114,421 $4.0M
4 HARBOR CAPITAL ADVISORS, INC. 0.06% 21,756
5 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.05% 93,530 $3.3M
6 CONNABLE OFFICE INC 0.03% 7,947 $281K
7 Louisiana State Employees Retirement System 0.01% 13,700
8 OPPENHEIMER ASSET MANAGEMENT INC. 0.01% 16,995 $601K
9 NorthCrest Asset Manangement, LLC 0.01% 6,011 $209K
10 State of Alaska, Department of Revenue 0.01% 15,404
11 EXCHANGE TRADED CONCEPTS, LLC 0.00% 17,509 $619K
12 Meramec Financial Planners, LLC 0.00% 243 $10K
13 HB Wealth Management, LLC 0.00% 16,620 $588K
14 YOUSIF CAPITAL MANAGEMENT, LLC 0.00% 8,410 $297K
15 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% 47,170 $2K
16 OREGON PUBLIC EMPLOYEES RETIREMENT FUND 0.00% 7,037 $249K
17 Investors Research Corp 0.00% 415 $15K
18 Police & Firemen's Retirement System of New Jersey 0.00% 8,758 $310K
19 GILL CAPITAL PARTNERS, LLC 0.00% 250 $9K
20 Blue Trust, Inc. 0.00% 6,187 $219K
21 Handelsbanken Fonder AB 0.00% 14,823
22 GAMMA Investing LLC 0.00% 952 $34K
23 Ares Financial Consulting, LLC 0.00% 51 $2K
24 Versant Capital Management, Inc 0.00% 362 $13K
25 KLP KAPITALFORVALTNING AS 0.00% 6,600 $233K
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 — 8 quarters in a row: For 8 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: 139 funds bought or added vs 138 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 — 39% AUM from major funds: 40 of 250 holders rank in the top 100 by AUM, accounting for 39% 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?

64% of holders stayed for 2+ years: 159 out of 250 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.

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.