Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Clearwater Analytics Hldgs I (CWAN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -62
Streak
1Q ▼
Buyers last Q
42%

Smart Money Signals — CWAN

Based on 329 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their CWAN 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 — 84% of 3.0Y peak

84% of all-time peak
329 funds currently hold this stock — 84% of the 3.0-year high of 391 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 10% fewer funds vs a year ago

fund count last 6Q
36 fewer hedge funds hold CWAN compared to a year ago (-10% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 42% buying

188 buying263 selling
Last quarter: 263 funds reduced or exited vs 188 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 (-57 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 81 → 47 → 135 → 78. 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.
📌

Mixed — 29% long-term, 41% new

■ 29% conviction (2yr+) ■ 31% medium ■ 41% new
Of the 329 current holders: 94 (29%) held >2 years, 101 held 1–2 years, and 134 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💰

Price up while funds trimmed (+501% value, -4% shares)

Value
+501%
Shares
-3%
Last quarter: total value of institutional CWAN holdings rose +501% even though funds reduced share count by 4%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
🚀

Acceleration phase — new buyers rushing in

74 → 81 → 47 → 135 → 78 new funds/Q
New funds entering each quarter: 81 → 47 → 135 → 78. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
📊

Mixed cohorts — 37% veterans, 45% new entrants

■ 37% veterans ■ 18% 1-2yr ■ 45% new
Of 360 current holders: 132 (37%) held 2+ years, 66 held 1–2 years, 162 (45%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 90% AUM from top-100 funds

90% from top-100 AUM funds
53 of 326 holders are among the 100 largest funds by AUM, controlling 90% of total institutional value in CWAN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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 — CWAN

In 2026 Q1, 188 hedge funds were net buyers of CWAN (78 opened a new position, 110 added to an existing one), while 263 reduced or exited (123 trimmed, 140 sold completely) — a 42% buyer ratio, indicating roughly balanced activity. 90% of total institutional value in CWAN is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -62 funds (more exits than new entries). Total institutional holders: 329.

Hedge Fund Ownership: CWAN

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

Market Analysis: CWAN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CWAN

-- --

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

Is It Too Late to Buy Clearwater Analytics Hldgs I (CWAN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CWAN has moved relative to its sector benchmark (XLK) 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 · 78d ago
CWAN
+2.6%
XLK
+41.8%

CWAN outperformed XLK by -39.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
CWAN
-0.3%
XLK
+6.9%

Since the filing became public, CWAN outperformed XLK by -7.2% .

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.

25 top-rated funds 7 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
4.1
/ 10
conviction
Hedge Fund Positioning: CWAN
326 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 326 391 -16.62%
13F Shares 311M 324M -3.92%
Total Value $44.87B $7.47B 501.13%
New Positions 76 135 -59
Increased Positions 106 130 -24
Closed Positions 141 69 +72
Reduced Positions 113 104 +9
Total Calls 14 26 -46.15%
Total Puts 20 15 33.33%
PUT/CALL Ratio 1.43 0.58 Bearish

Statistics: CWAN

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Institutional Holders (2026 Q1)

326 + investors

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

QUARTER:
Top 25 CWAN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Twin Securities, Inc. 13.36% 1,164,090 $27.5M
2 Birnam Oak Advisors, LP 9.23% 1,719,139 $40.7M
3 Decagon Asset Management LLP 6.98% 1,139,167 $26.9M
4 Warburg Pincus LLC 6.73% 977,455 $23.1M
5 Kryger Capital LLC 6.38% 3,817,188 $90.3M
6 Nexpoint Asset Management, L.P. 6.35% 4,004,230 $94.7M
7 Vazirani Asset Management LLC 6.03% 110,600 $2.6M
8 TIG Advisors, LLC 5.48% 5,017,185 $118.7M
9 Melqart Asset Management (UK) Ltd 5.28% 2,265,906 $53.6M
10 CIBRA Capital Ltd 5.23% 458,424 $10.8M
11 Harvest Management LLC 5.16% 450,000 $10.6M
12 Sand Grove Capital Management LLP 4.96% 930,959 $22.0M
13 Keenan Capital, LLC 4.79% 960,212 $22.7M
14 Hbk Investments L P 3.33% 13,875,000 $328.1M
15 Quarry LP 2.98% 703,351 $16.6M
16 Tensile Capital Management LP 2.98% 879,674 $20.8M
17 Starboard Value LP 2.82% 5,459,031 $129.1M
18 Westchester Capital Management, LLC 2.80% 2,617,694 $61.9M
19 GABELLI & Co INVESTMENT ADVISERS, INC. 2.74% 782,340 $18.5M
20 T3 Companies, LLC 2.71% 88,000 $2.1M
21 First Trust Capital Management L.P. 2.68% 2,154,188 $50.9M
22 NINE MASTS CAPITAL Ltd 1.99% 581,714 $13.8M
23 Hhlr Advisors, LTD. 1.93% 1,365,971 $32.3M
24 Absolute Gestao de Investimentos Ltda. 1.89% 699,571 $16.5M
25 Brown Capital Management LLC 1.87% 555,511 $13.1M
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 — Clearwater Analytics Hldgs I (CWAN)

What does the Smart Money Trend signal show for CWAN?

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

More sellers than buyers — 42% buying: Last quarter: 263 funds reduced or exited vs 188 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 CWAN holders?

Elite ownership — 90% AUM from top-100 funds: 53 of 326 holders are among the 100 largest funds by AUM, controlling 90% of total institutional value in CWAN. 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 CWAN?

Mixed — 29% long-term, 41% new: Of the 329 current holders: 94 (29%) held >2 years, 101 held 1–2 years, and 134 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Clearwater Analytics Hldgs I (CWAN) following the 2026 Q1 hedge fund 13F filings?

As of today, CWAN has moved -0.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.9% for the XLK sector ETF — an outperformance of -7.2%. Since the quarter end (March 31, 2026), CWAN has gained +2.6% vs +41.8% for XLK. 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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