Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Equillium Inc (EQ)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +11
Streak
2Q ▲
Buyers last Q
63%

Smart Money Signals — EQ

Based on 60 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added EQ 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
60 hedge funds hold EQ 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 — +131% more funds vs a year ago

fund count last 6Q
+34 new funds entered over the past year (+131% 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 — 63% buying

39 buying23 selling
Last quarter: 39 funds were net buyers (20 opened a brand new position + 19 added to an existing one). Only 23 were sellers (14 trimmed + 9 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~20 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 22 → 6 → 17 → 20. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 25% long-term, 42% new

■ 25% conviction (2yr+) ■ 33% medium ■ 42% new
Of the 60 current holders: 15 (25%) held >2 years, 20 held 1–2 years, and 25 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.
💰

Value +65% but shares only +3% — price-driven

Value
+64%
Shares
+2%
Last quarter: the total dollar value of institutional holdings rose +65%, but actual share count only changed +3%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

7 → 22 → 6 → 17 → 20 new funds/Q
New funds entering each quarter: 22 → 6 → 17 → 20. A growing number of institutions are discovering EQ each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 45% veterans vs 51% newcomers

■ 45% veterans ■ 5% 1-2yr ■ 51% new
Entry-cohort mix of 65 holders: 29 (45%) are 2+ year veterans, 3 entered 1–2 years ago, and 33 (51%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 4% AUM from top-100

4% from top-100 AUM funds
16 of 60 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
5.1
out of 10
Moderate Exit Risk
Exit risk score 5.1/10 — 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 — EQ

In 2026 Q2, 39 hedge funds were net buyers of EQ (20 opened a new position, 19 added to an existing one), while 23 reduced or exited (14 trimmed, 9 sold completely) — a 63% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. Net fund flow last quarter: +11 funds (more new holders than closures). Total institutional holders: 60.

Hedge Fund Ownership: EQ

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

Market Analysis: EQ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: EQ

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: EQ
60 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 60 49 22.45%
13F Shares 42M 41M 2.94%
Total Value $134M $81M 64.69%
New Positions 20 17 +3
Increased Positions 17 11 +6
Closed Positions 9 6 +3
Reduced Positions 14 10 +4
Total Calls 2 1 100.0%
Total Puts 3 2 50.0%
PUT/CALL Ratio 1.5 2.0 Bearish

Statistics: EQ

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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
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Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q2)

60 + investors

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

QUARTER:
Top 25 EQ holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Decheng Capital LLC 1.94% 4,447,308 $14.2M
2 Stempoint Capital LP 1.11% 2,016,607 $6.5M
3 Exome Asset Management LLC 1.09% 552,956 $1.8M
4 Affinity Asset Advisors, LLC 0.59% 4,100,000 $13.1M
5 ADAR1 Capital Management, LLC 0.55% 3,758,569 $12.0M
6 DG Capital Management, LLC 0.31% 463,396 $1.5M
7 Eversept Partners, LP 0.25% 1,520,824 $4.9M
8 Diadema Partners LP 0.16% 400,282 $1.3M
9 Ikarian Capital, LLC 0.10% 303,555 $971K
10 Persistent Asset Partners Ltd 0.10% 102,010 $326K
11 Ra Capital Management, L.P. 0.09% 3,096,336 $9.9M
12 Chung Wu Investment Group, LLC 0.03% 16,500 $53K
13 Woodline Partners LP 0.03% 3,500,901 $11.2M
14 High Net Worth Advisory Group LLC 0.02% 33,500 $107K
15 Aberdeen Group plc 0.02% 3,631,659 $11.6M
16 Boothbay Fund Management, LLC 0.01% 284,330 $910K
17 Soleus Capital Management, L.P. 0.01% 90,000 $288K
18 Jupiter Topco LLC 0.01% 6,494,571 $20.7M
19 Adage Capital Partners GP, L.L.C. 0.01% 1,390,253 $4.4M
20 China Universal Asset Management Co., Ltd. 0.00% 25,000 $80K
21 Cantor Fitzgerald, L. P. 0.00% 109,062 $349K
22 AlphaCore Capital LLC 0.00% 52,345 $168K
23 Two Sigma Securities, LLC 0.00% 10,797 $35K
24 Coastal Bridge Advisors, LLC 0.00% 15,000 $48K
25 Renaissance Technologies LLC 0.00% 637,617 $2.0M
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 — Equillium Inc (EQ)

What does the Smart Money Trend signal show for EQ?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added EQ 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 EQ?

More buyers than sellers — 63% buying: Last quarter: 39 funds were net buyers (20 opened a brand new position + 19 added to an existing one). Only 23 were sellers (14 trimmed + 9 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for EQ holders?

Smaller funds dominant — 4% AUM from top-100: 16 of 60 holders rank in the top 100 by AUM, but together hold only 4% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held EQ?

Mixed — 25% long-term, 42% new: Of the 60 current holders: 15 (25%) held >2 years, 20 held 1–2 years, and 25 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.

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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