Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Ero Copper Corp (ERO)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +34
Streak
3Q ▲
Buyers last Q
64%

Smart Money Signals — ERO

Based on 190 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 ERO 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
190 hedge funds hold ERO 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 — +56% more funds vs a year ago

fund count last 6Q
+68 new funds entered over the past year (+56% 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 — 64% buying

134 buying77 selling
Last quarter: 134 funds were net buyers (61 opened a brand new position + 73 added to an existing one). Only 77 were sellers (50 trimmed + 27 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+20 vs last Q)

new funds entering per quarter
Funds opening a new ERO position: 18 → 37 → 41 → 61. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 38% long-term, 40% new

■ 38% conviction (2yr+) ■ 22% medium ■ 40% new
Of the 190 current holders: 73 (38%) held >2 years, 41 held 1–2 years, and 76 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.
🚀

Acceleration phase — new buyers rushing in

25 → 18 → 37 → 41 → 61 new funds/Q
New funds entering each quarter: 18 → 37 → 41 → 61. 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 — 43% veterans vs 43% newcomers

■ 43% veterans ■ 14% 1-2yr ■ 43% new
Entry-cohort mix of 210 holders: 90 (43%) are 2+ year veterans, 29 entered 1–2 years ago, and 91 (43%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 57% AUM from top-100 funds

57% from top-100 AUM funds
43 of 186 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in ERO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.7
out of 10
Moderate Exit Risk
Exit risk score 4.7/10 — 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 — ERO

In 2026 Q1, 134 hedge funds were net buyers of ERO (61 opened a new position, 73 added to an existing one), while 77 reduced or exited (50 trimmed, 27 sold completely) — a 64% buyer ratio, indicating clear institutional accumulation. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 57% of total institutional value in ERO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +34 funds (more new holders than closures). Total institutional holders: 190.

Hedge Fund Ownership: ERO

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

Market Analysis: ERO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ERO

-- --

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

Is It Too Late to Buy Ero Copper Corp (ERO) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ERO has moved relative to its sector benchmark (SPY) 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 · 79d ago
ERO
+12.9%
SPY
+13.9%

ERO outperformed SPY by -1.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
ERO
+10.4%
SPY
+0.2%

Since the filing became public, ERO outperformed SPY by +10.2% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

17 top-rated funds 3 high-conviction
Consensus
5.5
/ 10
breadth
×
Elite
3.4
/ 10
conviction
Hedge Fund Positioning: ERO
188 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 188 156 20.51%
13F Shares 75M 70M 6.94%
Total Value $1.94B $1.84B 5.35%
New Positions 60 41 +19
Increased Positions 70 58 +12
Closed Positions 28 29 -1
Reduced Positions 42 48 -6
Total Calls 14 11 27.27%
Total Puts 10 8 25.0%
PUT/CALL Ratio 0.71 0.73 Neutral

Statistics: ERO

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

188 + investors

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

QUARTER:
Top 25 ERO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Impala Asset Management LLC 12.76% 1,027,956 $27.4M
2 Cape Ann Asset Management Ltd 11.81% 1,949,128 $52.0M
3 Kapitalo Investimentos Ltda 5.40% 1,076,696 $28.7M
4 Gmt Capital Corp 4.43% 3,653,454 $97.0M
5 MAC Alpha Capital Management, LP 3.59% 230,968 $6.2M
6 Decade Renewable Partners LP 2.16% 160,900 $2.7M
7 PCJ Investment Counsel Ltd. 1.60% 211,859 $5.6M
8 Wincap Financial LLC 1.36% 76,351 $2.0M
9 Pvg Asset Management Corp 0.88% 48,431 $1.5M
10 Walser Wealth Management Company, A Ltd Liability Co 0.66% 55,103 $1.5M
11 Hillsdale Investment Management Inc. 0.50% 694,080 $18.5M
12 Moody Aldrich Partners LLC 0.48% 98,951 $2.6M
13 Massar Capital Management, LP 0.47% 164,131 $4.4M
14 Gemmer Asset Management LLC 0.38% 179,577 $4.8M
15 Militia Capital Management LLC 0.38% 62,582 $1.7M
16 Samalin Investment Counsel, LLC 0.35% 37,214 $992K
17 Frontier Capital Management Co LLC 0.34% 1,250,947 $33.4M
18 Sprott INC. 0.28% 364,273 $9.7M
19 Kiker Wealth Management, LLC 0.25% 19,788 $528K
20 FIL Ltd 0.22% 10,466,217 $278.9M
21 CoreCommodity Management, LLC 0.21% 42,455 $1.1M
22 Van Den Berg Management I, Inc 0.21% 33,593 $896K
23 Artemis Investment Management LLP 0.16% 580,639 $15.5M
24 Themes Management Co LLC 0.16% 9,580 $255K
25 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.16% 4,345,630 $115.4M
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 — Ero Copper Corp (ERO)

What does the Smart Money Trend signal show for ERO?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added ERO 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 ERO?

More buyers than sellers — 64% buying: Last quarter: 134 funds were net buyers (61 opened a brand new position + 73 added to an existing one). Only 77 were sellers (50 trimmed + 27 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for ERO holders?

Elite ownership — 57% AUM from top-100 funds: 43 of 186 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in ERO. 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 ERO?

Mixed — 38% long-term, 40% new: Of the 190 current holders: 73 (38%) held >2 years, 41 held 1–2 years, and 76 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.

Is it too late to buy Ero Copper Corp (ERO) following the 2026 Q1 hedge fund 13F filings?

As of today, ERO has moved +10.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +10.2%. Since the quarter end (March 31, 2026), ERO has gained +12.9% vs +13.9% for SPY. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to 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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