Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Diversified Healthcare Tr (DHC)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +18
Streak
3Q ▲
Buyers last Q
63%

Smart Money Signals — DHC

Based on 231 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added DHC 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
231 hedge funds hold DHC 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.
📶

Steady growth — +13% more funds vs a year ago

fund count last 6Q
+27 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 63% buying

139 buying82 selling
Last quarter: 139 funds were net buyers (47 opened a brand new position + 92 added to an existing one). Only 82 were sellers (53 trimmed + 29 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+14 vs last Q)

new funds entering per quarter
Funds opening a new DHC position: 17 → 27 → 33 → 47. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 22% medium ■ 20% new
133 out of 231 hedge funds have held DHC 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.
💰

Value +29% but shares only +3% — price-driven

Value
+29%
Shares
+3%
Last quarter: the total dollar value of institutional holdings rose +29%, but actual share count only changed +3%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
🚀

Acceleration phase — new buyers rushing in

32 → 17 → 27 → 33 → 47 new funds/Q
New funds entering each quarter: 17 → 27 → 33 → 47. 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.
🏛️

Veteran-anchored — 65% veterans vs 25% newcomers

■ 65% veterans ■ 10% 1-2yr ■ 25% new
Entry-cohort mix of 236 holders: 154 (65%) are 2+ year veterans, 23 entered 1–2 years ago, and 59 (25%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 24% AUM from major funds

24% from top-100 AUM funds
46 of 228 holders rank in the top 100 by AUM, accounting for 24% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 — DHC

In 2026 Q1, 139 hedge funds were net buyers of DHC (47 opened a new position, 92 added to an existing one), while 82 reduced or exited (53 trimmed, 29 sold completely) — a 63% buyer ratio, indicating clear institutional accumulation. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 24% of total institutional value in DHC is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +18 funds (more new holders than closures). Total institutional holders: 231.

Hedge Fund Ownership: DHC

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

Market Analysis: DHC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DHC

-- --

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

Is It Too Late to Buy Diversified Healthcare Tr (DHC) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DHC has moved relative to its sector benchmark (XLRE) 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 · 82d ago
DHC
+33.4%
XLRE
+7.4%

DHC outperformed XLRE by +26.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
DHC
+6.0%
XLRE
+1.5%

Since the filing became public, DHC outperformed XLRE by +4.5% .

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.

25 top-rated funds 2 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
2.7
/ 10
conviction
Hedge Fund Positioning: DHC
230 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 230 213 7.98%
13F Shares 198M 191M 3.42%
Total Value $1.19B $924M 29.11%
New Positions 46 33 +13
Increased Positions 88 74 +14
Closed Positions 29 18 +11
Reduced Positions 52 50 +2
Total Calls 4 6 -33.33%
Total Puts 4 6 -33.33%
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: DHC

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

230 + investors

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

QUARTER:
Top 25 DHC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Flat Footed LLC 16.94% 23,487,002 $156.0M
2 Silver Point Capital L.P. 7.91% 15,504,810 $103.0M
3 BlackBarn Capital Partners LP 2.57% 4,812,413 $32.0M
4 Lonestar Capital Management LLC 1.58% 1,600,000 $10.6M
5 Nierenberg Investment Management Company, LLC 1.50% 456,110 $3.0M
6 Park West Asset Management LLC 1.31% 2,327,403 $15.5M
7 LDR Capital Management LLC 0.96% 107,256 $712K
8 Davidson Kempner Capital Management LP 0.57% 6,247,830 $41.5M
9 Informed Momentum Co LLC 0.50% 649,023 $4.3M
10 Carronade Capital Management, LP 0.46% 5,268,435 $35.0M
11 Potomac Capital Management, Inc. 0.35% 60,000 $398K
12 RBF Capital, LLC 0.34% 966,829 $6.4M
13 Militia Capital Management LLC 0.32% 214,139 $1.4M
14 VARCOV Co. 0.29% 118,600 $788K
15 Centersquare Investment Management LLC 0.20% 2,862,431 $19.0M
16 Hussman Strategic Advisors, INC. 0.15% 105,000 $697K
17 Ground Swell Capital, LLC 0.13% 10,284 $68K
18 Nomura Holdings Inc 0.13% 7,332,272 $48.7M
19 Smith Asset Management Co., LLC 0.13% 22,293 $148K
20 CastleKnight Management LP 0.10% 863,142 $5.7M
21 Victory Financial Group, LLC 0.09% 107,969 $717K
22 Baer Investment Advisory LLC 0.09% 107,969 $717K
23 Cim Investment Management Inc 0.08% 46,644 $310K
24 Gould Capital, LLC 0.07% 17,844 $118K
25 Healthcare of Ontario Pension Plan Trust Fund 0.05% 5,000,000 $33.2M
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 — Diversified Healthcare Tr (DHC)

What does the Smart Money Trend signal show for DHC?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added DHC 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 DHC?

More buyers than sellers — 63% buying: Last quarter: 139 funds were net buyers (47 opened a brand new position + 92 added to an existing one). Only 82 were sellers (53 trimmed + 29 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for DHC holders?

Strong quality — 24% AUM from major funds: 46 of 228 holders rank in the top 100 by AUM, accounting for 24% 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 DHC?

58% of holders stayed for 2+ years: 133 out of 231 hedge funds have held DHC 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 Diversified Healthcare Tr (DHC) following the 2026 Q1 hedge fund 13F filings?

As of today, DHC has moved +6.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.5% for the XLRE sector ETF — an outperformance of +4.5%. Since the quarter end (March 31, 2026), DHC has gained +33.4% vs +7.4% for XLRE. 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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