Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Grayscale Ethereum Staking E (ETHE)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -31
Streak
2Q ▼
Buyers last Q
40%

Smart Money Signals — ETHE

Based on 264 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their ETHE positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 79% of 3.0Y peak

79% of all-time peak
264 funds currently hold this stock — 79% of the 3.0-year high of 336 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 6% fewer funds vs a year ago

fund count last 6Q
18 fewer hedge funds hold ETHE compared to a year ago (-6% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 40% buying

93 buying142 selling
Last quarter: 142 funds reduced or exited vs 93 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~35 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 29 → 90 → 38 → 35. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 23% entered in last year

■ 5% conviction (2yr+) ■ 72% medium ■ 23% new
Only 14 funds (5%) 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 -3%, value -37%

Value
-37%
Shares
-2%
Last quarter: funds added -3% more shares while total portfolio value only changed -37%. 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

34 → 29 → 90 → 38 → 35 new funds/Q
New funds entering each quarter: 29 → 90 → 38 → 35. ETHE is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
📊

Mixed cohorts — 4% veterans, 28% new entrants

■ 4% veterans ■ 68% 1-2yr ■ 28% new
Of 270 current holders: 11 (4%) held 2+ years, 184 held 1–2 years, 75 (28%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅

Strong quality — 20% AUM from major funds

20% from top-100 AUM funds
12 of 263 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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 — ETHE

In 2026 Q1, 93 hedge funds were net buyers of ETHE (35 opened a new position, 58 added to an existing one), while 142 reduced or exited (76 trimmed, 66 sold completely) — a 40% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 20% of total institutional value in ETHE is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -31 funds (more exits than new entries). Total institutional holders: 264.

Hedge Fund Ownership: ETHE

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

Market Analysis: ETHE

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ETHE

-- --

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

Is It Too Late to Buy Grayscale Ethereum Staking E (ETHE) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ETHE 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
ETHE
-17.9%
SPY
+13.9%

ETHE outperformed SPY by -31.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
ETHE
-22.3%
SPY
+0.2%

Since the filing became public, ETHE outperformed SPY by -22.5% .

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.

14 top-rated funds 0 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: ETHE
262 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 262 295 -11.19%
13F Shares 11M 12M -3.05%
Total Value $191M $306M -37.6%
New Positions 35 38 -3
Increased Positions 58 63 -5
Closed Positions 68 79 -11
Reduced Positions 72 85 -13
Total Calls 3 3 -
Total Puts 3 3 -
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: ETHE

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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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)

262 + investors

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

QUARTER:
Top 25 ETHE holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Robertson Opportunity Capital, LLC 1.65% 251,643 $4.3M
2 Surience Private Wealth LLC 1.19% 64,988 $1.1M
3 Haven Private, LLC 0.92% 123,282 $2.1M
4 Verde Capital Management 0.60% 164,312 $2.8M
5 Manatuck Hill Partners, LLC 0.55% 120,000 $2.0M
6 Tru Independence Asset Management 2, LLC 0.53% 50,917 $869K
7 Pasadena Private Wealth, LLC 0.48% 204,878 $3.5M
8 Sloy Dahl & Holst, LLC 0.44% 187,658 $3.2M
9 Fielder Capital Group LLC 0.41% 110,246 $1.9M
10 Illumine Investment Management, LLC 0.39% 30,018 $512K
11 SLT Holdings LLC 0.38% 32,625 $557K
12 Finer Wealth Management, Inc. 0.37% 43,600 $744K
13 Integrated Advisors Network LLC 0.32% 358,249 $6.1M
14 Titleist Asset Management, LLC 0.28% 213,968 $3.7M
15 Interchange Capital Partners, LLC 0.26% 54,396 $834K
16 TigerOak Management, L.L.C. 0.26% 48,300 $824K
17 Prosperity Financial Group, Inc. 0.24% 38,344 $655K
18 PYA Waltman Capital, LLC 0.23% 48,232 $823K
19 Cura Wealth Advisors, LLC 0.23% 29,800 $509K
20 Alamea Verwaltungs GmbH 0.21% 14,992 $282K
21 Intellectus Partners, LLC 0.21% 59,853 $1.0M
22 Exit Wealth Advisors, LLC. 0.20% 23,214 $396K
23 Deuterium Capital Management, LLC 0.20% 10,000 $171K
24 Aristides Capital LLC 0.19% 50,800 $867K
25 RBF Capital, LLC 0.18% 200,001 $3.4M
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 — Grayscale Ethereum Staking E (ETHE)

What does the Smart Money Trend signal show for ETHE?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their ETHE 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 ETHE?

More sellers than buyers — 40% buying: Last quarter: 142 funds reduced or exited vs 93 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for ETHE holders?

Strong quality — 20% AUM from major funds: 12 of 263 holders rank in the top 100 by AUM, accounting for 20% 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 ETHE?

Mostly new holders — 23% entered in last year: Only 14 funds (5%) 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 Grayscale Ethereum Staking E (ETHE) following the 2026 Q1 hedge fund 13F filings?

As of today, ETHE has moved -22.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of -22.5%. Since the quarter end (March 31, 2026), ETHE has gained -17.9% vs +13.9% 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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