Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Dynex Cap Inc (DX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +10
Streak
3Q ▲
Buyers last Q
62%

Smart Money Signals — DX

Based on 267 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 DX 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
267 hedge funds hold DX 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 — +32% more funds vs a year ago

fund count last 6Q
+64 new funds entered over the past year (+32% 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.
🟢

More buyers than sellers — 62% buying

185 buying111 selling
Last quarter: 185 funds were net buyers (60 opened a brand new position + 125 added to an existing one). Only 111 were sellers (61 trimmed + 50 sold completely). A clear majority buying is a strong confirmation signal.
⚠️

Fewer new buyers each quarter (-22 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 43 → 43 → 82 → 60. 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 — 37% long-term, 34% new

■ 37% conviction (2yr+) ■ 28% medium ■ 34% new
Of the 267 current holders: 100 (37%) held >2 years, 76 held 1–2 years, and 91 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.
🚀

Acceleration phase — new buyers rushing in

58 → 43 → 43 → 82 → 60 new funds/Q
New funds entering each quarter: 43 → 43 → 82 → 60. 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 — 47% veterans vs 38% newcomers

■ 47% veterans ■ 14% 1-2yr ■ 38% new
Entry-cohort mix of 274 holders: 130 (47%) are 2+ year veterans, 39 entered 1–2 years ago, and 105 (38%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
42 of 263 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.4
out of 10
Moderate Exit Risk
Exit risk score 4.4/10 — 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 — DX

In 2026 Q1, 185 hedge funds were net buyers of DX (60 opened a new position, 125 added to an existing one), while 111 reduced or exited (61 trimmed, 50 sold completely) — a 62% buyer ratio, indicating clear institutional accumulation. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 39% of total institutional value in DX is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 267.

Hedge Fund Ownership: DX

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

Market Analysis: DX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DX

-- --

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

Is It Too Late to Buy Dynex Cap Inc (DX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DX 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 · 79d ago
DX
+3.5%
XLRE
+7.7%

DX outperformed XLRE by -4.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
DX
+3.2%
XLRE
+1.7%

Since the filing became public, DX outperformed XLRE by +1.5% .

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
2.2
/ 10
conviction
Hedge Fund Positioning: DX
265 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 265 257 3.11%
13F Shares 93M 71M 31.11%
Total Value $1.17B $999M 16.72%
New Positions 59 82 -23
Increased Positions 121 108 +13
Closed Positions 51 31 +20
Reduced Positions 58 40 +18
Total Calls 5 4 25.0%
Total Puts 5 4 25.0%
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: DX

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

265 + investors

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

QUARTER:
Top 25 DX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Longboard Asset Management, LP 3.37% 15,285 $195K
2 Waterfall Asset Management, LLC 2.11% 295,000 $3.8M
3 GraniteShares Advisors LLC 1.60% 174,227 $2.2M
4 Callodine Capital Management, LP 1.49% 1,670,854 $21.3M
5 Significant Wealth Partners LLC 1.15% 73,033 $932K
6 EMG Holdings, L.P. 1.11% 345,000 $4.4M
7 Point Nemo Capital, LLC 0.76% 90,154 $1.2M
8 Osbon Capital Management LLC 0.49% 46,732 $596K
9 Pvg Asset Management Corp 0.39% 50,377 $660K
10 Mariner Investment Group LLC 0.35% 95,000 $1.2M
11 Segall Bryant & Hamill, LLC 0.34% 1,539,856 $20.8M
12 Susquehanna Fundamental Investments, LLC 0.33% 699,849 $8.9M
13 Morling Financial Advisors, LLC 0.33% 83,931 $1.1M
14 Kingstone Capital Partners Texas, LLC 0.27% 34,794 $444K
15 Castleview Partners, LLC 0.26% 39,000 $498K
16 Dark Forest Capital Management LP 0.25% 219,189 $2.8M
17 Bayforest Capital Ltd 0.23% 15,964 $204K
18 BayBridge Capital Group, LLC 0.21% 24,720 $346K
19 Navellier & Associates Inc 0.21% 156,297 $2.0M
20 Odyssean, LLC 0.20% 42,775 $546K
21 Inceptionr LLC 0.16% 53,287 $680K
22 VSM Wealth Advisory, LLC 0.16% 42,369 $541K
23 Peregrine Capital Management LLC 0.15% 316,523 $4.0M
24 Bramshill Investments, LLC 0.13% 119,499 $1.5M
25 1492 Capital Management LLC 0.13% 26,279 $335K
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 — Dynex Cap Inc (DX)

What does the Smart Money Trend signal show for DX?

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

More buyers than sellers — 62% buying: Last quarter: 185 funds were net buyers (60 opened a brand new position + 125 added to an existing one). Only 111 were sellers (61 trimmed + 50 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for DX holders?

Strong quality — 39% AUM from major funds: 42 of 263 holders rank in the top 100 by AUM, accounting for 39% 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 DX?

Mixed — 37% long-term, 34% new: Of the 267 current holders: 100 (37%) held >2 years, 76 held 1–2 years, and 91 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 Dynex Cap Inc (DX) following the 2026 Q1 hedge fund 13F filings?

As of today, DX has moved +3.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.7% for the XLRE sector ETF — an outperformance of +1.5%. Since the quarter end (March 31, 2026), DX has gained +3.5% vs +7.7% 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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