Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Cnx Res Corp (CNX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -34
Streak
1Q ▼
Buyers last Q
45%

Smart Money Signals — CNX

Based on 387 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their CNX 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 — 92% of 3.0Y peak

92% of all-time peak
387 funds currently hold this stock — 92% of the 3.0-year high of 421 funds (reached 2026 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +5% more funds vs a year ago

fund count last 6Q
+18 new funds entered over the past year (+5% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 45% buying

182 buying223 selling
Last quarter: 223 funds reduced or exited vs 182 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-22 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 39 → 90 → 71 → 49. 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.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 20% medium ■ 17% new
242 out of 387 hedge funds have held CNX 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 — ~49 new funds/quarter

49 → 39 → 90 → 71 → 49 new funds/Q
New funds entering each quarter: 39 → 90 → 71 → 49. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 67% veterans vs 19% newcomers

■ 67% veterans ■ 14% 1-2yr ■ 19% new
Entry-cohort mix of 393 holders: 263 (67%) are 2+ year veterans, 56 entered 1–2 years ago, and 74 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 70% AUM from top-100 funds

70% from top-100 AUM funds
56 of 383 holders are among the 100 largest funds by AUM, controlling 70% of total institutional value in CNX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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 — CNX

In 2026 Q2, 182 hedge funds were net buyers of CNX (49 opened a new position, 133 added to an existing one), while 223 reduced or exited (140 trimmed, 83 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. 70% of total institutional value in CNX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -34 funds (more exits than new entries). Total institutional holders: 387.

Hedge Fund Ownership: CNX

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

Market Analysis: CNX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CNX

-- --

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

Is It Too Late to Buy Cnx Res Corp (CNX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CNX has moved relative to its sector benchmark (XLE) since the 2026 Q2 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 June 30, 2026 · 80d ago
CNX
+1.9%
XLE
+21.4%

CNX outperformed XLE by -19.5% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 35d ago
CNX
-3.2%
XLE
+4.2%

Since the filing became public, CNX outperformed XLE by -7.4% .

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.

16 top-rated funds 2 high-conviction
Consensus
5.3
/ 10
breadth
×
Elite
2.1
/ 10
conviction
Hedge Fund Positioning: CNX
379 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 379 421 -9.98%
13F Shares 135M 139M -2.69%
Total Value $4.49B $5.26B -14.52%
New Positions 48 71 -23
Increased Positions 130 169 -39
Closed Positions 86 62 +24
Reduced Positions 135 106 +29
Total Calls 5 8 -37.5%
Total Puts 5 7 -28.57%
PUT/CALL Ratio 1.0 0.88 Neutral

Statistics: CNX

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Valuation Measures Data as of: --

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

379 + investors

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

QUARTER:
Top 25 CNX holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Southeast Asset Advisors, LLC 8.31% 2,410,166 $81.8M
2 Southeastern Asset Management Inc/Tn/ 8.25% 4,663,053 $158.2M
3 PHOENIX ASSET MANAGEMENT PARTNERS Ltd 7.39% 331,579 $11.3M
4 Wallace Capital Management Inc. 1.85% 496,627 $16.9M
5 Capital Management Corp /Va 1.77% 347,858 $11.8M
6 Aureus Asset Management, LLC 1.47% 712,168 $24.2M
7 Carnegie Lake Advisors LLC 1.46% 115,375 $3.9M
8 Aventail Capital Group, LP 1.26% 648,728 $22.0M
9 Pullen Investment Management, LLC 1.08% 68,922 $2.3M
10 Petra Financial Advisors Inc 0.85% 53,936 $1.8M
11 DC Investments Management, LLC 0.61% 53,009 $1.8M
12 Murphy Pohlad Asset Management LLC 0.58% 48,675 $1.7M
13 SeaBridge Investment Advisors LLC 0.51% 104,081 $3.5M
14 Riverwater Partners LLC 0.46% 45,656 $1.5M
15 denkapparat Operations GmbH 0.42% 38,166 $1.3M
16 Wakefield Asset Management LLLP 0.31% 40,441 $1.4M
17 Ossiam 0.30% 672,400 $22.8M
18 Algert Global LLC 0.29% 725,765 $24.6M
19 Corient IA LP 0.28% 8,890 $302K
20 Segall Bryant & Hamill, LLC 0.26% 643,044 $21.8M
21 Integrated Quantitative Investments LLC 0.23% 42,015 $1.4M
22 Manatuck Hill Partners, LLC 0.22% 20,000 $679K
23 BankChampaign, National Association 0.22% 8,390 $285K
24 Paradiem, LLC 0.19% 26,423 $897K
25 Ervin Investment Management, LLC 0.19% 10,300 $349K
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 — Cnx Res Corp (CNX)

What does the Smart Money Trend signal show for CNX?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their CNX 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 CNX?

More sellers than buyers — 45% buying: Last quarter: 223 funds reduced or exited vs 182 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for CNX holders?

Elite ownership — 70% AUM from top-100 funds: 56 of 383 holders are among the 100 largest funds by AUM, controlling 70% of total institutional value in CNX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held CNX?

63% of holders stayed for 2+ years: 242 out of 387 hedge funds have held CNX 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 Cnx Res Corp (CNX) following the 2026 Q2 hedge fund 13F filings?

As of today, CNX has moved -3.2% since the 2026 Q2 13F filing date (August 14, 2026), compared to +4.2% for the XLE sector ETF — an outperformance of -7.4%. Since the quarter end (June 30, 2026), CNX has gained +1.9% vs +21.4% 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.

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