Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Energy Recovery Inc (ERII)

195 + 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
↑ +5
Streak
3Q ▲
Buyers last Q
51%

Smart Money Signals — ERII

Based on 195 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 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 (98% of max)

98% of all-time peak
195 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding ERII is almost the same as a year ago (-4 funds, -2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 51% buying

106 buying102 selling
Last quarter: 106 funds bought or added vs 102 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 (+14 vs last Q)

new funds entering per quarter
Funds opening a new ERII position: 21 → 29 → 28 → 42. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 21% medium ■ 20% new
116 out of 195 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.
💎

Buying through price weakness — shares +1%, value -26%

Value
-25%
Shares
+1%
Last quarter: funds added +1% more shares while total portfolio value only changed -26%. 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

37 → 21 → 29 → 28 → 42 new funds/Q
New funds entering each quarter: 21 → 29 → 28 → 42. A growing number of institutions are discovering ERII each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 65% veterans vs 22% newcomers

■ 65% veterans ■ 13% 1-2yr ■ 22% new
Entry-cohort mix of 199 holders: 130 (65%) are 2+ year veterans, 26 entered 1–2 years ago, and 43 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 53% AUM from top-100 funds

53% from top-100 AUM funds
45 of 195 holders are among the 100 largest funds by AUM, controlling 53% 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.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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 Q1, 106 hedge funds were net buyers of ERII (42 opened a new position, 64 added to an existing one), while 102 reduced or exited (65 trimmed, 37 sold completely) — a 51% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 53% of total institutional value in ERII is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +5 funds (more new holders than closures). Total institutional holders: 195.

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

-- --

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

Is It Too Late to Buy Energy Recovery Inc (ERII) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ERII has moved relative to its sector benchmark (XLI) since the 2026 Q1 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 March 31, 2026 · 86d ago
ERII
-12.9%
XLI
+11.8%

ERII outperformed XLI by -24.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 41d ago
ERII
+6.0%
XLI
+5.5%

Since the filing became public, ERII outperformed XLI by +0.5% .

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.

23 top-rated funds 0 high-conviction
Consensus
6.0
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: ERII
195 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 195 190 2.63%
13F Shares 44M 44M 1.12%
Total Value $439M $592M -25.84%
New Positions 42 28 +14
Increased Positions 64 58 +6
Closed Positions 37 25 +12
Reduced Positions 63 75 -12
Total Calls 3 2 50.0%
Total Puts 1 0 100%
PUT/CALL Ratio 0.33 0.0 Bullish

Statistics: ERII

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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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) --
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Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

195 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Kopion Asset Management, LLC 3.97% 506,965 $5.1M
2 Avenir Corp 1.00% 817,755 $8.2M
3 Brown Capital Management LLC 0.77% 538,063 $5.4M
4 Redmond Asset Management, LLC 0.59% 214,380 $2.2M
5 Connective Capital Management, LLC 0.41% 49,026 $494K
6 683 Capital Management, LLC 0.29% 550,000 $5.5M
7 Miller Global Investments, LLC 0.23% 24,885 $251K
8 Essex Investment Management Co LLC 0.21% 132,322 $1.3M
9 Teton Advisors, LLC 0.19% 27,000 $272K
10 Isthmus Partners, LLC 0.16% 153,262 $1.5M
11 CenterBook Partners LP 0.15% 271,836 $2.7M
12 ArrowMark Colorado Holdings LLC 0.14% 516,000 $5.2M
13 NJ State Employees Deferred Compensation Plan 0.10% 59,000 $910K
14 EntryPoint Capital, LLC 0.08% 28,372 $286K
15 Rice Hall James & Associates, LLC 0.07% 120,522 $1.2M
16 VARCOV Co. 0.06% 16,280 $164K
17 Dynamic Technology Lab Private Ltd 0.06% 34,486 $347K
18 Old West Investment Management, LLC 0.05% 46,676 $470K
19 Raiffeisen Bank International AG 0.05% 350,000 $3.4M
20 Royce & Associates LP 0.05% 483,018 $4.9M
21 Pinnacle Associates Ltd 0.04% 342,407 $3.4M
22 Inspire Investing, LLC 0.04% 52,030 $524K
23 Diamond Hill Capital Management Inc 0.04% 673,035 $6.8M
24 CoreCommodity Management, LLC 0.04% 22,332 $225K
25 Sargent Investment Group, LLC 0.04% 27,900 $281K
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 — 3 quarters in a row: For 3 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 — 51% buying: Last quarter: 106 funds bought or added vs 102 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 — 53% AUM from top-100 funds: 45 of 195 holders are among the 100 largest funds by AUM, controlling 53% 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 195 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.

Is it too late to buy Energy Recovery Inc (ERII) following the 2026 Q1 hedge fund 13F filings?

As of today, ERII has moved +6.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.5% for the XLI sector ETF — an outperformance of +0.5%. Since the quarter end (March 31, 2026), ERII has gained -12.9% vs +11.8% for XLI. 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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