Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Denison Mines Corp (DNN)

297 + Investors. Track Smart Money conviction in DNN. 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
55%

Smart Money Signals — DNN

Based on 298 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 DNN 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
298 hedge funds hold DNN 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 — +37% more funds vs a year ago

fund count last 6Q
+80 new funds entered over the past year (+37% 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.
🟡

Slight buying edge — 55% buying

162 buying133 selling
Last quarter: 162 funds bought or added vs 133 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.
⚠️

Fewer new buyers each quarter (-12 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 25 → 57 → 73 → 61. 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.
🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 22% medium ■ 31% new
140 out of 298 hedge funds have held DNN 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.
🚀

Acceleration phase — new buyers rushing in

48 → 25 → 57 → 73 → 61 new funds/Q
New funds entering each quarter: 25 → 57 → 73 → 61. 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.
🏛️

Deep conviction — 56% of holders stayed 2+ years

■ 56% veterans ■ 9% 1-2yr ■ 35% new
Of 317 current holders: 176 (56%) 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 — 32% AUM from major funds

32% from top-100 AUM funds
38 of 298 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — 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 — DNN

In 2026 Q1, 162 hedge funds were net buyers of DNN (61 opened a new position, 101 added to an existing one), while 133 reduced or exited (90 trimmed, 43 sold completely) — a 55% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 32% of total institutional value in DNN 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: 298.

Hedge Fund Ownership: DNN

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

Market Analysis: DNN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DNN

-- --

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

Is It Too Late to Buy Denison Mines Corp (DNN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DNN has moved relative to its sector benchmark (XLE) 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 · 73d ago
DNN
-16.7%
XLE
-5.8%

DNN outperformed XLE by -10.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 28d ago
DNN
-10.3%
XLE
-2.9%

Since the filing became public, DNN 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.

22 top-rated funds 2 high-conviction
Consensus
5.9
/ 10
breadth
×
Elite
2.5
/ 10
conviction
Hedge Fund Positioning: DNN
297 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 297 280 6.07%
13F Shares 581M 524M 10.84%
Total Value $1.71B $1.42B 20.95%
New Positions 61 73 -12
Increased Positions 100 89 +11
Closed Positions 44 38 +6
Reduced Positions 80 67 +13
Total Calls 19 16 18.75%
Total Puts 9 13 -30.77%
PUT/CALL Ratio 0.47 0.81 Bullish

Statistics: DNN

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

297 + investors

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

QUARTER:
Top 25 DNN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Azarias Capital Management, L.P. 4.62% 2,922,967 $10.3M
2 PCJ Investment Counsel Ltd. 2.68% 2,659,200 $9.4M
3 GeoSphere Capital Management, LLC 1.51% 977,106 $3.4M
4 De Lisle Partners LLP 1.36% 3,213,856 $11.3M
5 Lloyd Harbor Capital Management, LLC 1.30% 900,000 $3.2M
6 Hood River Capital Management LLC 0.95% 26,829,391 $94.7M
7 Titan Global Capital Management USA LLC 0.93% 1,763,456 $6.2M
8 Goehring & Rozencwajg Associates, LLC 0.90% 4,720,615 $16.7M
9 Accordant Advisory Group Inc 0.87% 399,231 $1.4M
10 MMCAP International Inc. SPC 0.87% 2,857,531 $10.1M
11 Alps Advisors Inc 0.76% 46,014,216 $162.4M
12 Fielder Capital Group LLC 0.70% 909,191 $3.2M
13 Ardsley Advisory Partners LP 0.63% 1,400,000 $4.9M
14 Extract Advisors LLC 0.61% 500,000 $1.8M
15 Deuterium Capital Management, LLC 0.49% 120,243 $424K
16 Themes Management Co LLC 0.48% 221,315 $784K
17 Wright Wealth LLC 0.47% 199,533 $704K
18 Scopus Asset Management, L.P. 0.46% 7,511,802 $26.6M
19 Regal Partners Ltd 0.40% 2,085,414 $7.4M
20 Triasima Portfolio Management inc. 0.39% 728,509 $2.6M
21 Alpha Wave Global, LP 0.34% 750,442 $2.6M
22 Aquatic Capital Management LLC 0.31% 3,045,500 $10.8M
23 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.31% 64,049,291 $226.3M
24 Merewether Investment Management, LP 0.29% 4,208,160 $14.9M
25 ArrowMark Colorado Holdings LLC 0.25% 2,714,000 $9.6M
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 — Denison Mines Corp (DNN)

What does the Smart Money Trend signal show for DNN?

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

Slight buying edge — 55% buying: Last quarter: 162 funds bought or added vs 133 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 DNN holders?

Strong quality — 32% AUM from major funds: 38 of 298 holders rank in the top 100 by AUM, accounting for 32% 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 DNN?

47% of holders stayed for 2+ years: 140 out of 298 hedge funds have held DNN 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 Denison Mines Corp (DNN) following the 2026 Q1 hedge fund 13F filings?

As of today, DNN has moved -10.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to -2.9% for the XLE sector ETF — an outperformance of -7.4%. Since the quarter end (March 31, 2026), DNN has gained -16.7% vs -5.8% 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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