Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Equinox Gold Corp (EQX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +17
Streak
10Q ▲
Buyers last Q
58%

Smart Money Signals — EQX

Based on 327 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 10 quarters in a row

last 6Q
For 10 consecutive quarters, more hedge funds added EQX 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
327 hedge funds hold EQX 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 — +31% more funds vs a year ago

fund count last 6Q
+78 new funds entered over the past year (+31% 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 — 58% buying

195 buying141 selling
Last quarter: 195 funds bought or added vs 141 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.
📈

More new buyers each quarter (+12 vs last Q)

new funds entering per quarter
Funds opening a new EQX position: 53 → 89 → 54 → 66. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 39% long-term, 30% new

■ 39% conviction (2yr+) ■ 31% medium ■ 30% new
Of the 327 current holders: 126 (39%) held >2 years, 103 held 1–2 years, and 98 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.
💎

Buying through price weakness — shares +0%, value -19%

Value
-19%
Shares
+0%
Last quarter: funds added +0% more shares while total portfolio value only changed -19%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

62 → 53 → 89 → 54 → 66 new funds/Q
New funds entering each quarter: 53 → 89 → 54 → 66. EQX is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 48% veterans vs 39% newcomers

■ 48% veterans ■ 13% 1-2yr ■ 39% new
Entry-cohort mix of 351 holders: 170 (48%) are 2+ year veterans, 44 entered 1–2 years ago, and 137 (39%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 35% AUM from major funds

35% from top-100 AUM funds
51 of 321 holders rank in the top 100 by AUM, accounting for 35% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — 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 — EQX

In 2026 Q2, 195 hedge funds were net buyers of EQX (66 opened a new position, 129 added to an existing one), while 141 reduced or exited (92 trimmed, 49 sold completely) — a 58% buyer ratio, indicating a slight buying edge. This marks 10 consecutive quarters of net institutional buying — a persistent conviction signal. 35% of total institutional value in EQX is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +17 funds (more new holders than closures). Total institutional holders: 327.

Hedge Fund Ownership: EQX

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

Market Analysis: EQX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: EQX

-- --

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

Loading signal freshness…
Smart Money Signal ?
Growing Institutional Interest

Quality funds are building positions — conviction is rising but not yet widespread.

17 top-rated funds 8 high-conviction
Consensus
5.5
/ 10
breadth
×
Elite
6.4
/ 10
conviction
Hedge Fund Positioning: EQX
319 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 319 310 2.9%
13F Shares 452M 453M -0.29%
Total Value $4.22B $5.26B -19.67%
New Positions 66 54 +12
Increased Positions 116 103 +13
Closed Positions 51 52 -1
Reduced Positions 90 106 -16
Total Calls 15 14 7.14%
Total Puts 15 13 15.38%
PUT/CALL Ratio 1.0 0.93 Neutral

Statistics: EQX

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Institutional Holders (2026 Q2)

319 + investors

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

QUARTER:
Top 25 EQX holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Merk Investments LLC 15.23% 4,900,000 $47.7M
2 L1 Capital Pty Ltd 8.84% 27,055,865 $263.0M
3 Aegis Financial Corp 5.95% 3,870,237 $37.7M
4 Gemsstock Ltd. 5.47% 1,900,000 $18.5M
5 Maple Rock Capital Partners Inc. 3.34% 17,531,248 $170.4M
6 Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. 3.27% 156,900 $1.5M
7 Sprott INC. 2.80% 9,086,538 $88.4M
8 Builder Investment Group Inc /Adv 2.07% 1,073,604 $10.4M
9 Ruffer LLP 1.63% 4,736,428 $46.0M
10 Muhlenkamp & Co Inc 1.47% 522,251 $5.1M
11 Global Strategic Management Inc 1.26% 167,363 $1.6M
12 Metatron Capital SICAV plc - Metatron Long Term Equity Fund 1.18% 267,400 $2.6M
13 Gmt Capital Corp 1.07% 2,119,700 $20.6M
14 Pavaki Capital Management LLC 0.99% 100,000 $1.4M
15 PCJ Investment Counsel Ltd. 0.92% 329,720 $3.2M
16 Parvin Asset Management, LLC 0.89% 116,441 $1.1M
17 Evergreen Quality Fund GP, Ltd. 0.86% 5,475,600 $53.2M
18 Bard Associates Inc 0.84% 387,156 $3.8M
19 Praetorian PR LLC 0.62% 200,000 $1.9M
20 Van Eck Associates Corp 0.52% 87,435,651 $849.9M
21 Simcoe Capital LLC 0.50% 84,050 $817K
22 CenterBook Partners LP 0.47% 991,635 $9.6M
23 Fiscal Wisdom Wealth Management, LLC 0.39% 47,802 $465K
24 Persistent Asset Partners Ltd 0.36% 123,426 $1.2M
25 Caldwell Investment Management Ltd. 0.36% 56,000 $545K
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 — Equinox Gold Corp (EQX)

What does the Smart Money Trend signal show for EQX?

Buying streak — 10 quarters in a row: For 10 consecutive quarters, more hedge funds added EQX 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 EQX?

Slight buying edge — 58% buying: Last quarter: 195 funds bought or added vs 141 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 EQX holders?

Strong quality — 35% AUM from major funds: 51 of 321 holders rank in the top 100 by AUM, accounting for 35% 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 EQX?

Mixed — 39% long-term, 30% new: Of the 327 current holders: 126 (39%) held >2 years, 103 held 1–2 years, and 98 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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