Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Camping World Hldgs Inc (CWH)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -6
Streak
2Q ▼
Buyers last Q
53%

Smart Money Signals — CWH

Based on 218 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their CWH 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 — 94% of 3.0Y peak

94% of all-time peak
218 funds currently hold this stock — 94% of the 3.0-year high of 233 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 6% fewer funds vs a year ago

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

Slight buying edge — 53% buying

128 buying113 selling
Last quarter: 128 funds bought or added vs 113 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.
➡️

Steady new buyers — ~46 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 45 → 47 → 45 → 46. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 22% medium ■ 17% new
131 out of 218 hedge funds have held CWH 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.
💎

Buying through price weakness — shares +6%, value -26%

Value
-26%
Shares
+5%
Last quarter: funds added +6% more shares while total portfolio value only changed -26%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~46 new funds/quarter

46 → 45 → 47 → 45 → 46 new funds/Q
New funds entering each quarter: 45 → 47 → 45 → 46. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 68% of holders stayed 2+ years

■ 68% veterans ■ 15% 1-2yr ■ 17% new
Of 239 current holders: 163 (68%) 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 — 38% AUM from major funds

38% from top-100 AUM funds
45 of 218 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — 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 — CWH

In 2026 Q1, 128 hedge funds were net buyers of CWH (46 opened a new position, 82 added to an existing one), while 113 reduced or exited (61 trimmed, 52 sold completely) — a 53% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 38% of total institutional value in CWH is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -6 funds (more exits than new entries). Total institutional holders: 218.

Hedge Fund Ownership: CWH

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

Market Analysis: CWH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CWH

-- --

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

Is It Too Late to Buy Camping World Hldgs Inc (CWH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CWH has moved relative to its sector benchmark (XLY) 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
CWH
+14.3%
XLY
+8.9%

CWH outperformed XLY by +5.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
CWH
+17.8%
XLY
+1.9%

Since the filing became public, CWH outperformed XLY by +15.9% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

21 top-rated funds 0 high-conviction
Consensus
5.8
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: CWH
217 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 217 224 -3.12%
13F Shares 72M 68M 5.54%
Total Value $493M $667M -26.05%
New Positions 45 45 -
Increased Positions 77 72 +5
Closed Positions 52 46 +6
Reduced Positions 55 77 -22
Total Calls 13 11 18.18%
Total Puts 8 8 -
PUT/CALL Ratio 0.62 0.73 Bullish

Statistics: CWH

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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)

217 + investors

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

QUARTER:
Top 25 CWH holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Crestview Partners II GP, L.P. 3.85% 1,921,246 $13.1M
2 Prentice Capital Management, LP 1.85% 123,920 $846K
3 Semanteon Capital Management, LP 1.65% 18,018 $123K
4 Philosophy Capital Management LLC 1.11% 2,658,877 $18.2M
5 Western Standard LLC 1.10% 307,500 $2.1M
6 Eminence Capital, LP 0.91% 5,832,492 $39.8M
7 Thomist Capital Management, LP 0.84% 457,270 $3.1M
8 Nantahala Capital Management, LLC 0.82% 3,259,274 $22.3M
9 VARCOV Co. 0.67% 262,920 $1.8M
10 Wolf Hill Capital Management, LP 0.50% 761,712 $5.2M
11 Nantahala Capital Management, LLC 0.50% 2,000,000 $13.7M
12 Nebula Research & Development LLC 0.43% 290,739 $5.0M
13 CM Management, LLC 0.34% 60,000 $410K
14 Sapience Investments, LLC 0.32% 365 $2K
15 Shay Capital LLC 0.27% 477,995 $3.3M
16 Hood River Capital Management LLC 0.25% 3,695,046 $25.2M
17 Pingora Partners LLC 0.19% 46,200 $316K
18 Penn Capital Management Company, LLC 0.14% 266,256 $1.8M
19 Carnegie Lake Advisors LLC 0.13% 47,978 $328K
20 Camelot Portfolios, LLC 0.09% 18,000 $123K
21 Inceptionr LLC 0.08% 49,827 $340K
22 RBF Capital, LLC 0.08% 220,000 $1.5M
23 nVerses Capital, LLC 0.07% 11,276 $77K
24 Fox Run Management, L.L.C. 0.04% 32,972 $217K
25 EntryPoint Capital, LLC 0.04% 17,539 $120K
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 — Camping World Hldgs Inc (CWH)

What does the Smart Money Trend signal show for CWH?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their CWH 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 CWH?

Slight buying edge — 53% buying: Last quarter: 128 funds bought or added vs 113 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 CWH holders?

Strong quality — 38% AUM from major funds: 45 of 218 holders rank in the top 100 by AUM, accounting for 38% 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 CWH?

60% of holders stayed for 2+ years: 131 out of 218 hedge funds have held CWH 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 Camping World Hldgs Inc (CWH) following the 2026 Q1 hedge fund 13F filings?

As of today, CWH has moved +17.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.9% for the XLY sector ETF — an outperformance of +15.9%. Since the quarter end (March 31, 2026), CWH has gained +14.3% vs +8.9% for XLY. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to 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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