Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Drdgold Limited (DRD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
2Q ▼
Buyers last Q
47%

Smart Money Signals — DRD

Based on 115 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 DRD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
115 hedge funds hold DRD 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 — +44% more funds vs a year ago

fund count last 6Q
+35 new funds entered over the past year (+44% 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. The peak was reached in just 4 quarters from the low — a sharp move.
🟠

More sellers than buyers — 47% buying

54 buying61 selling
Last quarter: 61 funds reduced or exited vs 54 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 (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 17 → 38 → 23 → 16. 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.
🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 23% medium ■ 23% new
63 out of 115 hedge funds have held DRD 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 -0%, value -32%

Value
-31%
Shares
0%
Last quarter: funds added -0% more shares while total portfolio value only changed -32%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

15 → 17 → 38 → 23 → 16 new funds/Q
New funds entering each quarter: 17 → 38 → 23 → 16. DRD is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 67% veterans vs 24% newcomers

■ 67% veterans ■ 9% 1-2yr ■ 24% new
Entry-cohort mix of 119 holders: 80 (67%) are 2+ year veterans, 11 entered 1–2 years ago, and 28 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
28 of 115 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in DRD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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 — DRD

In 2026 Q1, 54 hedge funds were net buyers of DRD (16 opened a new position, 38 added to an existing one), while 61 reduced or exited (42 trimmed, 19 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 46% of total institutional value in DRD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 115.

Hedge Fund Ownership: DRD

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

Market Analysis: DRD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DRD

-- --

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

Is It Too Late to Buy Drdgold Limited (DRD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DRD 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 · 75d ago
DRD
-20.1%
SPY
+14.1%

DRD outperformed SPY by -34.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
DRD
-10.6%
SPY
+0.3%

Since the filing became public, DRD outperformed SPY by -10.9% .

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.

8 top-rated funds 0 high-conviction
Consensus
4.1
/ 10
breadth
×
Elite
0.4
/ 10
conviction
Hedge Fund Positioning: DRD
115 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 115 118 -2.54%
13F Shares 10M 10M -0.14%
Total Value $211M $310M -31.86%
New Positions 16 23 -7
Increased Positions 37 36 +1
Closed Positions 19 26 -7
Reduced Positions 41 40 +1
Total Calls 3 4 -25.0%
Total Puts 1 1 -
PUT/CALL Ratio 0.33 0.25 Bullish

Statistics: DRD

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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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)

115 + investors

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

QUARTER:
Top 25 DRD holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. 1.04% 19,900 $584K
2 U S Global Investors Inc 0.84% 245,545 $7.2M
3 Abc Arbitrage SA 0.19% 47,983 $1.4M
4 SmartHarvest Portfolios, LLC 0.13% 10,894 $320K
5 First Affirmative Financial Network 0.11% 8,545 $236K
6 Cim, LLC 0.08% 17,776 $522K
7 Drive Wealth Management, LLC 0.07% 11,794 $346K
8 Dynamic Technology Lab Private Ltd 0.07% 14,810 $435K
9 Towarzystwo Funduszy Inwestycyjnych Pzu SA 0.07% 6,650 $195K
10 Aventura Private Wealth, LLC 0.05% 4,876 $143K
11 Connor, Clark & Lunn Investment Management Ltd. 0.04% 659,599 $19.4M
12 Heritage Trust Co 0.04% 15,073 $443K
13 SkyOak Wealth, LLC 0.04% 8,044 $236K
14 Campbell & CO Investment Adviser LLC 0.04% 25,503 $749K
15 Renaissance Technologies LLC 0.02% 349,645 $10.3M
16 Y-Intercept (Hong Kong) Ltd 0.02% 28,069 $824K
17 Marshall Wace, LLP 0.01% 511,928 $15.0M
18 Quadrature Capital Ltd 0.01% 41,819 $1.2M
19 Vident Advisory, LLC 0.01% 55,780 $1.6M
20 GAMMA Investing LLC 0.01% 8,048 $236K
21 Arrowstreet Capital, Limited Partnership 0.01% 686,623 $20.2M
22 Ashton Thomas Private Wealth, LLC 0.01% 15,488 $455K
23 Trexquant Investment LP 0.01% 50,263 $1.5M
24 Engineers Gate Manager LP 0.01% 25,352 $745K
25 Man Group plc 0.01% 160,503 $4.7M
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 — Drdgold Limited (DRD)

What does the Smart Money Trend signal show for DRD?

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

More sellers than buyers — 47% buying: Last quarter: 61 funds reduced or exited vs 54 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 DRD holders?

Elite ownership — 46% AUM from top-100 funds: 28 of 115 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in DRD. 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 DRD?

55% of holders stayed for 2+ years: 63 out of 115 hedge funds have held DRD 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 Drdgold Limited (DRD) following the 2026 Q1 hedge fund 13F filings?

As of today, DRD has moved -10.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of -10.9%. Since the quarter end (March 31, 2026), DRD has gained -20.1% vs +14.1% 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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