Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Dycom Inds Inc (DY)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +25
Streak
5Q ▲
Buyers last Q
57%

Smart Money Signals — DY

Based on 515 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q
For 5 consecutive quarters, more hedge funds added DY 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
515 hedge funds hold DY 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 — +51% more funds vs a year ago

fund count last 6Q
+173 new funds entered over the past year (+51% 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 — 57% buying

303 buying224 selling
Last quarter: 303 funds bought or added vs 224 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 (-38 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 95 → 68 → 133 → 95. 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.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 23% medium ■ 28% new
255 out of 515 hedge funds have held DY 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.
💰

Price up while funds trimmed (-10% value, -45% shares)

Value
-9%
Shares
-45%
Last quarter: total value of institutional DY holdings rose -10% even though funds reduced share count by 45%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
📈

Growing discovery — still being found

59 → 95 → 68 → 133 → 95 new funds/Q
New funds entering each quarter: 95 → 68 → 133 → 95. A growing number of institutions are discovering DY each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 57% veterans vs 32% newcomers

■ 57% veterans ■ 11% 1-2yr ■ 32% new
Entry-cohort mix of 535 holders: 307 (57%) are 2+ year veterans, 57 entered 1–2 years ago, and 171 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds
53 of 513 holders rank in the top 100 by AUM, accounting for 37% 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 — DY

In 2026 Q1, 303 hedge funds were net buyers of DY (95 opened a new position, 208 added to an existing one), while 224 reduced or exited (154 trimmed, 70 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 5 consecutive quarters of net institutional buying — a persistent conviction signal. 37% of total institutional value in DY is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +25 funds (more new holders than closures). Total institutional holders: 515.

Hedge Fund Ownership: DY

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

Market Analysis: DY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DY

-- --

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

Is It Too Late to Buy Dycom Inds Inc (DY) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DY has moved relative to its sector benchmark (XLI) 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 · 80d ago
DY
nan%
XLI
+11.0%

DY outperformed XLI by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
DY
nan%
XLI
+4.8%

Since the filing became public, DY outperformed XLI by nan% .

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 ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

40 top-rated funds 5 high-conviction
Consensus
7.0
/ 10
breadth
×
Elite
5.9
/ 10
conviction
Hedge Fund Positioning: DY
512 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 512 490 4.49%
13F Shares 28M 52M -45.32%
Total Value $9.41B $10.41B -9.68%
New Positions 94 133 -39
Increased Positions 200 149 +51
Closed Positions 72 52 +20
Reduced Positions 150 149 +1
Total Calls 10 11 -9.09%
Total Puts 12 10 20.0%
PUT/CALL Ratio 1.2 0.91 Neutral

Statistics: DY

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

512 + investors

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

QUARTER:
Top 25 DY holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Peconic Partners LLC 24.11% 4,113,320 $1.39B
2 Applied Fundamental Research, LLC 15.64% 34,972 $11.8M
3 Hill City Capital, LP 12.22% 1,009,784 $342.1M
4 Bornite Capital Management LP 5.99% 105,200 $35.6M
5 G2 Investment Partners Management LLC 3.82% 45,835 $15.5M
6 12th Street Asset Management Company, LLC 3.80% 68,478 $23.2M
7 Neumeier Poma Investment Counsel LLC 3.74% 133,883 $45.4M
8 First Washington CORP 3.20% 33,371 $11.3M
9 KR Capital LP 3.05% 44,921 $15.2M
10 Wilson Asset Management (international) Pty Ltd 2.16% 22,537 $7.6M
11 Sentinel Dome Partners, LLC 2.10% 6,500 $2.2M
12 Ironwood Investment Management LLC 2.01% 14,192 $4.8M
13 Rithm Capital Corp. 1.91% 3,800 $1.3M
14 Troluce Capital Advisors LLC 1.87% 90,000 $30.5M
15 Hennessy Advisors Inc 1.76% 143,600 $48.7M
16 Lisanti Capital Growth, LLC 1.45% 17,005 $5.8M
17 Reaves W H & Co Inc 1.40% 248,140 $84.1M
18 Aubrey Capital Management Ltd 1.38% 7,560 $2.6M
19 Penn Capital Management Company, LLC 1.17% 44,545 $15.1M
20 Altman Advisors, Inc. 0.95% 6,766 $2.3M
21 Eddie Patel Inc 0.88% 3,398 $1.2M
22 Callahan Advisors, LLC 0.80% 28,129 $9.5M
23 Informed Momentum Co LLC 0.76% 19,406 $6.6M
24 Harbour Capital Advisors, LLC 0.70% 9,012 $3.7M
25 Aristotle Capital Boston, LLC 0.70% 33,009 $11.3M
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 — Dycom Inds Inc (DY)

What does the Smart Money Trend signal show for DY?

Buying streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds added DY 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 DY?

Slight buying edge — 57% buying: Last quarter: 303 funds bought or added vs 224 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 DY holders?

Strong quality — 37% AUM from major funds: 53 of 513 holders rank in the top 100 by AUM, accounting for 37% 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 DY?

50% of holders stayed for 2+ years: 255 out of 515 hedge funds have held DY 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 Dycom Inds Inc (DY) following the 2026 Q1 hedge fund 13F filings?

As of today, DY has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLI sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), DY has gained nan% vs +11.0% for XLI. 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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