Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

GRANITESHARES ETF TR (CONL)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
1Q ▲
Buyers last Q
67%

Smart Money Signals — CONL

Based on 30 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 CONL 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
30 hedge funds hold CONL 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 — +67% more funds vs a year ago

fund count last 6Q
+12 new funds entered over the past year (+67% 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 — 67% buying

26 buying13 selling
Last quarter: 26 funds were net buyers (12 opened a brand new position + 14 added to an existing one). Only 13 were sellers (5 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~12 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 11 → 8 → 11 → 12. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 57% entered in last year

■ 17% conviction (2yr+) ■ 27% medium ■ 57% new
Only 5 funds (17%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎

Buying through price weakness — shares +58%, value -24%

Value
-24%
Shares
+58%
Last quarter: funds added +58% more shares while total portfolio value only changed -24%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

7 → 11 → 8 → 11 → 12 new funds/Q
New funds entering each quarter: 11 → 8 → 11 → 12. A growing number of institutions are discovering CONL each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊

Mixed cohorts — 37% veterans, 51% new entrants

■ 37% veterans ■ 11% 1-2yr ■ 51% new
Of 35 current holders: 13 (37%) held 2+ years, 4 held 1–2 years, 18 (51%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 96% AUM from top-100 funds

96% from top-100 AUM funds
10 of 30 holders are among the 100 largest funds by AUM, controlling 96% of total institutional value in CONL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.9
out of 10
Moderate Exit Risk
Exit risk score 4.9/10 — 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.

Institutional Sentiment Summary — CONL

In 2026 Q1, 26 hedge funds were net buyers of CONL (12 opened a new position, 14 added to an existing one), while 13 reduced or exited (5 trimmed, 8 sold completely) — a 67% buyer ratio, indicating clear institutional accumulation. 96% of total institutional value in CONL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 30.

Hedge Fund Ownership: CONL

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

Market Analysis: CONL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CONL

-- --

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

Is It Too Late to Buy GRANITESHARES ETF TR (CONL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CONL has moved relative to its sector benchmark (SPY) 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 · 52d ago
CONL
+3.6%
SPY
+14.0%

CONL outperformed SPY by -10.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 7d ago
CONL
-11.2%
SPY
+0.3%

Since the filing became public, CONL outperformed SPY by -11.5% .

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.

4 top-rated funds 0 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: CONL
30 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 30 26 15.38%
13F Shares 19M 12M 57.97%
Total Value $136M $180M -24.48%
New Positions 12 11 +1
Increased Positions 13 5 +8
Closed Positions 8 11 -3
Reduced Positions 3 8 -5
Total Calls 4 3 33.33%
Total Puts 4 4 -
PUT/CALL Ratio 1.0 1.33 Neutral

Statistics: CONL

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

30 + investors

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

QUARTER:
Top 25 institutional holders of CONL — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Scientech Research LLC 0.89% 152,525 $1.1M
2 ENTREWEALTH, LLC 0.14% 45,203 $316K
3 FLAGSTAR ADVISORS INC 0.07% 27,025 $189K
4 Headlands Technologies LLC 0.03% 40,064 $280K
5 SBI Securities Co., Ltd. 0.02% 108,104 $757K
6 TWO SIGMA SECURITIES, LLC 0.02% 21,162 $148K
7 GTS SECURITIES LLC 0.02% 62,748 $439K
8 CITIGROUP INC 0.01% 4,580,632 $32.1M
9 GILL CAPITAL PARTNERS, LLC 0.01% 5,000 $35K
10 DRW Securities, LLC 0.01% 68,213 $477K
11 JANE STREET GROUP, LLC 0.01% 6,779,100 $47.5M
12 UBS Group AG 0.00% 3,605,922 $25.2M
13 XTX Topco Ltd 0.00% 23,520 $165K
14 Caitlin John, LLC 0.00% 600 $4K
15 Benson Wealth Management INC 0.00% 162 $1K
16 Parallel Advisors, LLC 0.00% 6,800 $48K
17 NewEdge Advisors, LLC 0.00% 16,075 $16K
18 CITADEL ADVISORS LLC 0.00% 656,900 $4.6M
19 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% 836,900 $5.9M
20 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% 773,700 $5.4M
21 CITADEL ADVISORS LLC 0.00% 533,900 $3.7M
22 HRT FINANCIAL LP 0.00% 31,229 $218K
23 GROUP ONE TRADING LLC 0.00% 28,288 $198K
24 JANE STREET GROUP, LLC 0.00% 369,300 $2.6M
25 BANK OF MONTREAL /CAN/ 0.00% 123,600 $865K
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 — GRANITESHARES ETF TR (CONL)

What does the Smart Money Trend signal show for CONL?

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

More buyers than sellers — 67% buying: Last quarter: 26 funds were net buyers (12 opened a brand new position + 14 added to an existing one). Only 13 were sellers (5 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for CONL holders?

Elite ownership — 96% AUM from top-100 funds: 10 of 30 holders are among the 100 largest funds by AUM, controlling 96% of total institutional value in CONL. 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 CONL?

Mostly new holders — 57% entered in last year: Only 5 funds (17%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy GRANITESHARES ETF TR (CONL) following the 2026 Q1 hedge fund 13F filings?

As of today, CONL has moved -11.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of -11.5%. Since the quarter end (March 31, 2026), CONL has gained +3.6% vs +14.0% 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.

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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