Evolus Inc (EOLS): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Evolus Inc (EOLS) following the 2026 Q1 hedge fund 13F filings?

As of today, EOLS has moved +3.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.0% for the XLV sector ETF — an outperformance of -2.5%. Since the quarter end (March 31, 2026), EOLS gained +63.7% vs +4.9% 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.

Evolus Inc (EOLS)

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

Smart Money Signals — EOLS

Based on 147 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 EOLS positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

📊

High ownership — 82% of 3.0Y peak

82% of all-time peak

147 funds currently hold this stock — 82% of the 3.0-year high of 179 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

📉

Outflows — 18% fewer funds vs a year ago

fund count last 6Q

32 fewer hedge funds hold EOLS compared to a year ago (-18% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.

🟠

More sellers than buyers — 48% buying

84 buying90 selling

Last quarter: 90 funds reduced or exited vs 84 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 (-16 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 29 → 23 → 43 → 27. 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.

🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 21% medium ■ 21% new

85 out of 147 hedge funds have held EOLS 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 -6%, value -42%

Value

-41%

-5%

Last quarter: funds added -6% more shares while total portfolio value only changed -42%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

📈

Growing discovery — still being found

31 → 29 → 23 → 43 → 27 new funds/Q

New funds entering each quarter: 29 → 23 → 43 → 27. A growing number of institutions are discovering EOLS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Deep conviction — 63% of holders stayed 2+ years

■ 63% veterans ■ 15% 1-2yr ■ 22% new

Of 153 current holders: 97 (63%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

✅

Strong quality — 22% AUM from major funds

22% from top-100 AUM funds

35 of 147 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

2.7

out of 10

Low Exit Risk

Exit risk score 2.7/10 — 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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	146	167	-12.57%
13F Shares	46M	49M	-5.63%
Total Value	$190M	$327M	-41.71%
New Positions	26	43	-17
Increased Positions	56	54	+2
Closed Positions	47	33	+14
Reduced Positions	42	46	-4
Total Calls	5	3	66.67%
Total Puts	3	2	50.0%
PUT/CALL Ratio	0.6	0.67	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

146

167

-12.57%

13F Shares

46M

49M

-5.63%

Total Value

$190M

$327M

-41.71%

New Positions

-17

Increased Positions

Closed Positions

+14

Reduced Positions

-4

Total Calls

66.67%

Total Puts

50.0%

PUT/CALL Ratio

0.6

0.67

Bullish

Institutional Holders (2026 Q1)

146 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 EOLS holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Stonepine Capital Management, LLC	2.90%	1,759,091	$7.2M
2	AWH Capital, L.P.	2.33%	625,000	$2.6M
3	Soviero Asset Management, LP	1.40%	680,373	$2.8M
4	CM Management, LLC	1.37%	400,000	$1.6M
5	Nantahala Capital Management, LLC	0.96%	6,376,857	$26.2M
6	Stonepine Capital Management, LLC	0.69%	420,000	$1.7M
7	Potomac Capital Management, Inc.	0.51%	141,500	$582K
8	Braidwell LP	0.43%	3,105,209	$12.8M
9	Soleus Capital Management, L.P.	0.37%	2,245,360	$9.2M
10	American Assets Inc	0.30%	110,000	$883K
11	Rice Hall James & Associates, LLC	0.29%	1,254,819	$5.2M
12	Frazier Life Sciences Management, L.P.	0.28%	2,630,665	$10.8M
13	Knott David M Jr	0.24%	99,338	$408K
14	Perceptive Advisors LLC	0.10%	1,286,862	$5.3M
15	Armistice Capital, LLC	0.10%	1,396,000	$5.7M
16	Seven Fleet Capital Management LP	0.10%	78,057	$321K
17	Tang Capital Management LLC	0.10%	483,021	$2.0M
18	Diadema Partners LP	0.09%	125,200	$515K
19	Pinnacle Associates Ltd	0.06%	1,158,895	$4.8M
20	Accelerate Investment Advisors LLC	0.03%	10,670	$44K
21	Axq Capital, LP	0.03%	47,670	$196K
22	Bender Robert & Associates	0.02%	25,070	$103K
23	Campbell & CO Investment Adviser LLC	0.02%	101,867	$419K
24	Headlands Technologies LLC	0.02%	48,823	$201K
25	Prelude Capital Management, LLC	0.02%	51,303	$211K

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 — Evolus Inc (EOLS)

What does the Smart Money Trend signal show for EOLS?

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

More sellers than buyers — 48% buying: Last quarter: 90 funds reduced or exited vs 84 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 EOLS holders?

Strong quality — 22% AUM from major funds: 35 of 147 holders rank in the top 100 by AUM, accounting for 22% 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 EOLS?

58% of holders stayed for 2+ years: 85 out of 147 hedge funds have held EOLS 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 Evolus Inc (EOLS) following the 2026 Q1 hedge fund 13F filings?

As of today, EOLS has moved +3.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.0% for the XLV sector ETF — an outperformance of -2.5%. Since the quarter end (March 31, 2026), EOLS has gained +63.7% vs +4.9% 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.

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Evolus Inc (EOLS)

Smart Money Signals — EOLS

Selling streak — 1 quarter in a row

High ownership — 82% of 3.0Y peak

Outflows — 18% fewer funds vs a year ago

More sellers than buyers — 48% buying

Fewer new buyers each quarter (-16 vs last Q)

58% of holders stayed for 2+ years

Buying through price weakness — shares -6%, value -42%

Growing discovery — still being found

Deep conviction — 63% of holders stayed 2+ years

Strong quality — 22% AUM from major funds

Institutional Sentiment Summary — EOLS

Hedge Fund Ownership: EOLS

Market Analysis: EOLS

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: EOLS

Is It Too Late to Buy Evolus Inc (EOLS) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: EOLS

Statistics: EOLS

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Evolus Inc (EOLS)

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