Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Energy Recovery Inc (ERII)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
4Q ▲
Buyers last Q
57%

Smart Money Signals — ERII

Based on 198 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added ERII 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 (99% of max)

99% of all-time peak
198 hedge funds hold ERII 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 — +8% more funds vs a year ago

fund count last 6Q
+14 new funds entered over the past year (+8% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 2 quarters from the low — a sharp move.
🟡

Slight buying edge — 57% buying

122 buying92 selling
Last quarter: 122 funds bought or added vs 92 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 — ~45 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 29 → 28 → 43 → 45. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 21% medium ■ 21% new
116 out of 198 hedge funds have held ERII 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.
🚀

Acceleration phase — new buyers rushing in

21 → 29 → 28 → 43 → 45 new funds/Q
New funds entering each quarter: 29 → 28 → 43 → 45. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 65% veterans vs 22% newcomers

■ 65% veterans ■ 13% 1-2yr ■ 22% new
Entry-cohort mix of 205 holders: 133 (65%) are 2+ year veterans, 27 entered 1–2 years ago, and 45 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 67% AUM from top-100 funds

67% from top-100 AUM funds
48 of 197 holders are among the 100 largest funds by AUM, controlling 67% of total institutional value in ERII. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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 — ERII

In 2026 Q2, 122 hedge funds were net buyers of ERII (45 opened a new position, 77 added to an existing one), while 92 reduced or exited (49 trimmed, 43 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 67% of total institutional value in ERII is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 198.

Hedge Fund Ownership: ERII

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

Market Analysis: ERII

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ERII

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

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

10 top-rated funds 0 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: ERII
196 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 196 196 -
13F Shares 44M 44M -0.2%
Total Value $395M $439M -9.99%
New Positions 45 43 +2
Increased Positions 76 64 +12
Closed Positions 44 37 +7
Reduced Positions 46 63 -17
Total Calls 4 3 33.33%
Total Puts 4 1 300.0%
PUT/CALL Ratio 1.0 0.33 Neutral

Statistics: ERII

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Institutional Holders (2026 Q2)

196 + investors

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

QUARTER:
Top 25 ERII holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Kopion Asset Management, LLC 3.65% 639,545 $5.8M
2 Avenir Corp 0.76% 693,886 $6.3M
3 Milfam LLC 0.53% 75,000 $676K
4 Brown Capital Management LLC 0.51% 282,866 $2.6M
5 Olympiad Research LP 0.48% 25,396 $229K
6 ArrowMark Colorado Holdings LLC 0.32% 847,000 $7.6M
7 683 Capital Management, LLC 0.23% 530,000 $4.8M
8 CenterBook Partners LP 0.19% 420,507 $3.8M
9 Miller Global Investments, LLC 0.19% 24,885 $224K
10 Polymer Capital Management (US) LLC 0.17% 144,705 $1.3M
11 CoreCommodity Management, LLC 0.16% 87,494 $789K
12 Isthmus Partners, LLC 0.14% 161,447 $1.5M
13 Teton Advisors, LLC 0.14% 27,000 $244K
14 NJ State Employees Deferred Compensation Plan 0.10% 59,000 $910K
15 ELCO Management Co., LLC 0.08% 20,686 $187K
16 Old West Investment Management, LLC 0.07% 76,930 $694K
17 Rice Hall James & Associates, LLC 0.05% 124,629 $1.1M
18 Royce & Associates LP 0.05% 752,812 $6.8M
19 Raiffeisen Bank International AG 0.05% 460,000 $4.1M
20 Diametric Capital, LP 0.04% 41,078 $371K
21 Numerai GP LLC 0.04% 51,070 $461K
22 Inceptionr LLC 0.04% 16,261 $147K
23 Aristides Capital LLC 0.03% 18,831 $170K
24 Pinnacle Associates Ltd 0.03% 326,119 $2.9M
25 Sargent Investment Group, LLC 0.03% 27,040 $244K
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 — Energy Recovery Inc (ERII)

What does the Smart Money Trend signal show for ERII?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added ERII 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 ERII?

Slight buying edge — 57% buying: Last quarter: 122 funds bought or added vs 92 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 ERII holders?

Elite ownership — 67% AUM from top-100 funds: 48 of 197 holders are among the 100 largest funds by AUM, controlling 67% of total institutional value in ERII. 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 ERII?

59% of holders stayed for 2+ years: 116 out of 198 hedge funds have held ERII 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.

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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