Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Elanco Animal Health Inc (ELAN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +7
Streak
5Q ▲
Buyers last Q
47%

Smart Money Signals — ELAN

Based on 522 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q
For 5 consecutive quarters, more hedge funds added ELAN 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
522 hedge funds hold ELAN 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 — +45% more funds vs a year ago

fund count last 6Q
+161 new funds entered over the past year (+45% 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 sellers than buyers — 47% buying

250 buying287 selling
Last quarter: 287 funds reduced or exited vs 250 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 (-13 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 82 → 126 → 98 → 85. 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.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 23% medium ■ 25% new
272 out of 522 hedge funds have held ELAN 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.
➡️

Steady discovery — ~85 new funds/quarter

59 → 82 → 126 → 98 → 85 new funds/Q
New funds entering each quarter: 82 → 126 → 98 → 85. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 60% veterans vs 31% newcomers

■ 60% veterans ■ 10% 1-2yr ■ 31% new
Entry-cohort mix of 530 holders: 316 (60%) are 2+ year veterans, 52 entered 1–2 years ago, and 162 (31%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 71% AUM from top-100 funds

71% from top-100 AUM funds
66 of 520 holders are among the 100 largest funds by AUM, controlling 71% of total institutional value in ELAN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
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 — ELAN

In 2026 Q2, 250 hedge funds were net buyers of ELAN (85 opened a new position, 165 added to an existing one), while 287 reduced or exited (209 trimmed, 78 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. This marks 5 consecutive quarters of net institutional buying — a persistent conviction signal. 71% of total institutional value in ELAN is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +7 funds (more new holders than closures). Total institutional holders: 522.

Hedge Fund Ownership: ELAN

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

Market Analysis: ELAN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ELAN

-- --

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

Is It Too Late to Buy Elanco Animal Health Inc (ELAN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ELAN has moved relative to its sector benchmark (XLV) since the 2026 Q2 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 June 30, 2026 · 84d ago
ELAN
-8.8%
XLV
+6.9%

ELAN outperformed XLV by -15.7% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 39d ago
ELAN
-5.2%
XLV
+1.4%

Since the filing became public, ELAN outperformed XLV by -6.6% .

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.

16 top-rated funds 1 high-conviction
Consensus
5.3
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: ELAN
512 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 512 515 -0.58%
13F Shares 566M 548M 3.41%
Total Value $13.04B $12.03B 8.34%
New Positions 80 98 -18
Increased Positions 159 195 -36
Closed Positions 81 64 +17
Reduced Positions 208 152 +56
Total Calls 6 6 -
Total Puts 4 6 -33.33%
PUT/CALL Ratio 0.67 1.0 Bullish

Statistics: ELAN

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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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 Q2)

512 + investors

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

QUARTER:
Top 25 ELAN holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Black Creek Investment Management Inc. 18.02% 13,046,420 $321.1M
2 Redwood Grove Capital, LLC 9.51% 1,525,300 $37.5M
3 Shapiro Capital Management LLC 3.96% 2,651,410 $65.3M
4 Watchtower Advisors, LP 3.04% 221,725 $5.5M
5 Defilade Capital Management, L.P. 2.85% 864,080 $21.3M
6 Park West Asset Management LLC 1.70% 1,015,000 $25.0M
7 Hedges Asset Management LLC 1.21% 75,000 $1.8M
8 Winslow Capital Management, LLC 1.14% 13,511,127 $332.5M
9 Dorsey Wright & Associates 1.12% 267,680 $6.6M
10 DDD Partners, LLC 0.94% 615,091 $15.1M
11 Dodge & Cox 0.87% 67,397,025 $1.66B
12 Douglas Lane & Associates, LLC 0.87% 2,599,074 $64.0M
13 Thrive Capital Management, LLC 0.86% 186,267 $4.6M
14 Brant Point Investment Management LLC 0.85% 281,876 $6.9M
15 Peak Retirement Planning, Inc. 0.75% 191,897 $4.7M
16 Davidson Investment Advisors 0.67% 668,594 $16.5M
17 Primecap Management Co/Ca/ 0.66% 45,445,012 $1.12B
18 Artemis Investment Management LLP 0.65% 2,966,646 $73.0M
19 Skylands Capital, LLC 0.63% 209,225 $5.1M
20 Steinberganna Wealth Management 0.62% 61,605 $1.5M
21 West Michigan Advisors, LLC 0.58% 109,903 $2.6M
22 Winnacle Wealth LLC 0.57% 33,953 $836K
23 Hardman Johnston Global Advisors LLC 0.55% 635,690 $15.6M
24 Jupiter Asset Management Ltd 0.52% 4,219,279 $103.8M
25 Brandes Investment Partners, LP 0.51% 2,972,036 $73.1M
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 — Elanco Animal Health Inc (ELAN)

What does the Smart Money Trend signal show for ELAN?

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

More sellers than buyers — 47% buying: Last quarter: 287 funds reduced or exited vs 250 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 ELAN holders?

Elite ownership — 71% AUM from top-100 funds: 66 of 520 holders are among the 100 largest funds by AUM, controlling 71% of total institutional value in ELAN. 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 ELAN?

52% of holders stayed for 2+ years: 272 out of 522 hedge funds have held ELAN 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 Elanco Animal Health Inc (ELAN) following the 2026 Q2 hedge fund 13F filings?

As of today, ELAN has moved -5.2% since the 2026 Q2 13F filing date (August 14, 2026), compared to +1.4% for the XLV sector ETF — an outperformance of -6.6%. Since the quarter end (June 30, 2026), ELAN has gained -8.8% vs +6.9% for XLV. 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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