Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Ishares Ethereum Tr (ETHA)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -15
Streak
1Q ▼
Buyers last Q
57%

Smart Money Signals — ETHA

Based on 490 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their ETHA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (97% of max)

97% of all-time peak
490 hedge funds hold ETHA 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 — +159% more funds vs a year ago

fund count last 6Q
+301 new funds entered over the past year (+159% 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 — 57% buying

304 buying229 selling
Last quarter: 304 funds bought or added vs 229 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.
⚠️

Fewer new buyers each quarter (-48 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 70 → 298 → 148 → 100. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔄

Mostly new holders — 62% entered in last year

■ 3% conviction (2yr+) ■ 35% medium ■ 62% new
Only 14 funds (3%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎

Buying through price weakness — shares -29%, value -50%

Value
-50%
Shares
-28%
Last quarter: funds added -29% more shares while total portfolio value only changed -50%. 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

64 → 70 → 298 → 148 → 100 new funds/Q
New funds entering each quarter: 70 → 298 → 148 → 100. ETHA is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🌱

Early stage — 74% of holders entered in last year

■ 1% veterans ■ 25% 1-2yr ■ 74% new
Of 527 current holders: 392 (74%) entered in the past year, only 5 (1%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
🏆

Elite ownership — 54% AUM from top-100 funds

54% from top-100 AUM funds
21 of 483 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in ETHA. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
5.7
out of 10
Moderate Exit Risk
Exit risk score 5.7/10 — 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 — ETHA

In 2026 Q1, 304 hedge funds were net buyers of ETHA (100 opened a new position, 204 added to an existing one), while 229 reduced or exited (114 trimmed, 115 sold completely) — a 57% buyer ratio, indicating a slight buying edge. 54% of total institutional value in ETHA is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -15 funds (more exits than new entries). Total institutional holders: 490.

Hedge Fund Ownership: ETHA

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

Market Analysis: ETHA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ETHA

-- --

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

Is It Too Late to Buy Ishares Ethereum Tr (ETHA) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ETHA 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 · 75d ago
ETHA
-20.6%
SPY
+14.1%

ETHA outperformed SPY by -34.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
ETHA
-25.0%
SPY
+0.3%

Since the filing became public, ETHA outperformed SPY by -25.3% .

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.

20 top-rated funds 3 high-conviction
Consensus
5.7
/ 10
breadth
×
Elite
3.6
/ 10
conviction
Hedge Fund Positioning: ETHA
487 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 487 505 -3.56%
13F Shares 160M 224M -28.52%
Total Value $2.50B $5.01B -50.19%
New Positions 98 148 -50
Increased Positions 192 173 +19
Closed Positions 116 140 -24
Reduced Positions 107 116 -9
Total Calls 25 25 -
Total Puts 19 19 -
PUT/CALL Ratio 0.76 0.76 Neutral

Statistics: ETHA

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Valuation Measures Data as of: --

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

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

487 + investors

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

QUARTER:
Top 25 ETHA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Kaleidoscope Capital LP 10.21% 1,675,436 $26.5M
2 Alpine Fox Capital LLC 4.80% 467,000 $7.4M
3 Deuterium Capital Management, LLC 3.55% 192,708 $3.1M
4 All-Stars Investment Ltd 3.40% 443,000 $7.0M
5 Sterling Investment Advisors LLC /Adv 3.23% 425,007 $6.7M
6 Titan Global Capital Management USA LLC 2.98% 1,262,266 $20.0M
7 Vienna Asset Management LLC 2.52% 205,231 $3.2M
8 Farringdon Capital, Ltd. 1.97% 568,362 $9.0M
9 Titiun Yejiel 1.88% 70,000 $1.6M
10 Palatine Hill Wealth Management, LLC 1.46% 106,144 $1.7M
11 Mfg Wealth Management, INC. 1.30% 98,705 $1.6M
12 Galaxy Digital Inc. 1.12% 818,390 $13.0M
13 Gambit Capital Management, LLC 1.11% 102,241 $1.6M
14 Counterweight Ventures, LLC 1.08% 121,367 $1.9M
15 California First Leasing Corp 0.98% 192,900 $3.1M
16 Corecam Pte. Ltd. 0.97% 140,700 $2.2M
17 Alpine Fox Capital LLC 0.93% 90,000 $1.4M
18 Corecam AG 0.89% 66,100 $1.0M
19 Laidlaw Wealth Management LLC 0.89% 16,210 $257K
20 Galaxy Digital Capital Management GP LLC 0.87% 52,015 $823K
21 LCM Capital Management Inc 0.87% 109,030 $1.7M
22 Cobblestone Asset Management LLC 0.84% 118,569 $1.9M
23 Sanchez Levi Garrett 0.82% 82,118 $1.3M
24 Compass Financial Group, Inc. (Ohio) 0.80% 68,972 $1.1M
25 Spectrum Strategic Capital Management, LLC 0.75% 88,584 $1.4M
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 — Ishares Ethereum Tr (ETHA)

What does the Smart Money Trend signal show for ETHA?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their ETHA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for ETHA?

Slight buying edge — 57% buying: Last quarter: 304 funds bought or added vs 229 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 ETHA holders?

Elite ownership — 54% AUM from top-100 funds: 21 of 483 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in ETHA. 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 ETHA?

Mostly new holders — 62% entered in last year: Only 14 funds (3%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Ishares Ethereum Tr (ETHA) following the 2026 Q1 hedge fund 13F filings?

As of today, ETHA has moved -25.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of -25.3%. Since the quarter end (March 31, 2026), ETHA has gained -20.6% vs +14.1% for SPY. 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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