Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Spdr Index Shs Fds (EFAX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
1Q ▼
Buyers last Q
56%

Smart Money Signals — EFAX

Based on 86 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their EFAX 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 (98% of max)

98% of all-time peak
86 hedge funds hold EFAX 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 — +6% more funds vs a year ago

fund count last 6Q
+5 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 56% buying

38 buying30 selling
Last quarter: 38 funds bought or added vs 30 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.
➡️

Steady new buyers — ~9 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 10 → 13 → 11 → 9. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 21% medium ■ 19% new
52 out of 86 hedge funds have held EFAX 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 -3%, value -33%

Value
-33%
Shares
-3%
Last quarter: funds added -3% more shares while total portfolio value only changed -33%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~9 new funds/quarter

9 → 10 → 13 → 11 → 9 new funds/Q
New funds entering each quarter: 10 → 13 → 11 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 59% veterans vs 27% newcomers

■ 59% veterans ■ 14% 1-2yr ■ 27% new
Entry-cohort mix of 86 holders: 51 (59%) are 2+ year veterans, 12 entered 1–2 years ago, and 23 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 21% AUM from major funds

21% from top-100 AUM funds
14 of 85 holders rank in the top 100 by AUM, accounting for 21% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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 — EFAX

In 2026 Q1, 38 hedge funds were net buyers of EFAX (9 opened a new position, 29 added to an existing one), while 30 reduced or exited (19 trimmed, 11 sold completely) — a 56% buyer ratio, indicating a slight buying edge. 21% of total institutional value in EFAX is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 86.

Hedge Fund Ownership: EFAX

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

Market Analysis: EFAX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: EFAX

-- --

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

Is It Too Late to Buy Spdr Index Shs Fds (EFAX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much EFAX 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 · 80d ago
EFAX
nan%
SPY
+13.9%

EFAX outperformed SPY by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
EFAX
nan%
SPY
+0.2%

Since the filing became public, EFAX outperformed SPY 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 ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: EFAX
86 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 86 88 -2.27%
13F Shares 5M 5M -3.44%
Total Value $173M $259M -33.0%
New Positions 9 11 -2
Increased Positions 29 45 -16
Closed Positions 11 9 +2
Reduced Positions 19 21 -2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: EFAX

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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) --
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Income Statement & Cash Flow
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Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

86 + investors

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

QUARTER:
Top 25 EFAX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Windmill Hill Asset Management Ltd 3.54% 227,939 $11.3M
2 Gemmer Asset Management LLC 2.73% 694,484 $34.6M
3 Marquette Associates, INC. 1.30% 24,023 $1.2M
4 Values Added Financial LLC 1.20% 57,071 $2.8M
5 Camelot Technology Advisors, INC. 0.75% 20,839 $1.0M
6 Whipplewood Advisors, LLC 0.50% 19,201 $956K
7 Tiff Advisory Services, LLC 0.36% 31,728 $1.6M
8 Bailard, INC. 0.27% 235,024 $11.7M
9 Clarion Wealth Managment Partners, LLC 0.26% 5,845 $291K
10 Flputnam Investment Management Co 0.26% 349,248 $17.4M
11 William Mack & Associates, Inc. 0.19% 6,664 $332K
12 Boyd Wealth Management, LLC 0.17% 8,163 $406K
13 Aufman Associates Inc 0.17% 6,967 $347K
14 American Financial & Tax Strategies Inc 0.17% 6,932 $345K
15 Bond & Devick Financial Network, Inc. 0.16% 11,482 $571K
16 eCIO, Inc. 0.16% 7,288 $363K
17 Proffitt & Goodson Inc 0.15% 19,974 $994K
18 Hobbs Group Advisors, LLC 0.13% 8,829 $439K
19 First Bancorp, Inc /ME/ 0.11% 4,570 $227K
20 Operose Advisors LLC 0.11% 9,443 $470K
21 Arcadia Investment Advisors LLC 0.09% 3,917 $195K
22 Retirement Income Solutions, Inc 0.09% 10,525 $524K
23 Colton Groome Financial Advisors, LLC 0.08% 5,370 $267K
24 Insight Advisors, LLC/ PA 0.07% 7,561 $376K
25 Key FInancial Inc 0.06% 7,214 $359K
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 — Spdr Index Shs Fds (EFAX)

What does the Smart Money Trend signal show for EFAX?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their EFAX 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 EFAX?

Slight buying edge — 56% buying: Last quarter: 38 funds bought or added vs 30 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 EFAX holders?

Strong quality — 21% AUM from major funds: 14 of 85 holders rank in the top 100 by AUM, accounting for 21% 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 EFAX?

60% of holders stayed for 2+ years: 52 out of 86 hedge funds have held EFAX 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 Spdr Index Shs Fds (EFAX) following the 2026 Q1 hedge fund 13F filings?

As of today, EFAX has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), EFAX has gained nan% vs +13.9% 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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