Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Eton Pharmaceuticals Inc (ETON)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +50
Streak
4Q ▲
Buyers last Q
72%

Smart Money Signals — ETON

Based on 165 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 ETON 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
165 hedge funds hold ETON 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 — +94% more funds vs a year ago

fund count last 6Q
+80 new funds entered over the past year (+94% 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 — 72% buying

115 buying44 selling
Last quarter: 115 funds were net buyers (58 opened a brand new position + 57 added to an existing one). Only 44 were sellers (36 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+27 vs last Q)

new funds entering per quarter
Funds opening a new ETON position: 26 → 20 → 31 → 58. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 30% long-term, 46% new

■ 30% conviction (2yr+) ■ 24% medium ■ 46% new
Of the 165 current holders: 49 (30%) held >2 years, 40 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.
💰

Value +71% but shares only +13% — price-driven

Value
+71%
Shares
+13%
Last quarter: the total dollar value of institutional holdings rose +71%, but actual share count only changed +13%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
🚀

Acceleration phase — new buyers rushing in

24 → 26 → 20 → 31 → 58 new funds/Q
New funds entering each quarter: 26 → 20 → 31 → 58. 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 — 41% veterans vs 48% newcomers

■ 41% veterans ■ 12% 1-2yr ■ 48% new
Entry-cohort mix of 170 holders: 69 (41%) are 2+ year veterans, 20 entered 1–2 years ago, and 81 (48%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 33% AUM from major funds

33% from top-100 AUM funds
42 of 165 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
5.1
out of 10
Moderate Exit Risk
Exit risk score 5.1/10 — 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 — ETON

In 2026 Q2, 115 hedge funds were net buyers of ETON (58 opened a new position, 57 added to an existing one), while 44 reduced or exited (36 trimmed, 8 sold completely) — a 72% buyer ratio, indicating clear institutional accumulation. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 33% of total institutional value in ETON is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +50 funds (more new holders than closures). Total institutional holders: 165.

Hedge Fund Ownership: ETON

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

Market Analysis: ETON

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ETON

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

12 top-rated funds 4 high-conviction
Consensus
4.8
/ 10
breadth
×
Elite
3.5
/ 10
conviction
Hedge Fund Positioning: ETON
164 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 164 115 42.61%
13F Shares 20M 18M 12.99%
Total Value $717M $419M 70.98%
New Positions 58 31 +27
Increased Positions 54 37 +17
Closed Positions 9 18 -9
Reduced Positions 35 29 +6
Total Calls 2 3 -33.33%
Total Puts 3 3 -
PUT/CALL Ratio 1.5 1.0 Bearish

Statistics: ETON

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Institutional Holders (2026 Q2)

164 + investors

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

QUARTER:
Top 25 ETON holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Opaleye Management Inc. 9.38% 2,860,000 $103.5M
2 Cannell Capital LLC 4.14% 170,747 $6.2M
3 Pillsbury Lake Capital LLC 3.83% 387,157 $14.0M
4 EcoR1 Capital, LLC 3.82% 2,171,938 $78.6M
5 Panoramic Capital, LLC 3.24% 208,192 $7.5M
6 Prospect Capital Advisors, LLC 2.58% 157,200 $5.7M
7 Westside Investment Management, Inc. 2.05% 431,160 $15.6M
8 Lumbard & Kellner, LLC 1.93% 175,909 $6.4M
9 Nantahala Capital Management, LLC 1.42% 1,175,951 $42.6M
10 Aristides Capital LLC 1.02% 145,410 $5.3M
11 Guilbault Capital LLC 0.85% 23,460 $849K
12 Bridge City Capital, LLC 0.73% 88,132 $3.2M
13 Informed Momentum Co LLC 0.51% 158,045 $5.7M
14 Oberweis Asset Management Inc/ 0.38% 501,600 $18.2M
15 Prelude Capital Management, LLC 0.36% 137,572 $5.0M
16 Diametric Capital, LP 0.28% 73,101 $2.6M
17 Juncture Wealth Strategies, LLC 0.27% 28,849 $1.0M
18 National Philanthropic Trust 0.26% 492,112 $17.8M
19 Menard Financial Group LLC 0.21% 10,642 $385K
20 Numerai GP LLC 0.21% 70,114 $2.5M
21 Riggs Asset Managment Co. Inc. 0.21% 32,046 $1.2M
22 BankChampaign, National Association 0.16% 5,590 $202K
23 Quantum Private Wealth, LLC 0.11% 11,500 $416K
24 Essex Investment Management Co LLC 0.10% 20,131 $729K
25 CHICAGO TRUST Co NA 0.09% 16,700 $605K
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 — Eton Pharmaceuticals Inc (ETON)

What does the Smart Money Trend signal show for ETON?

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

More buyers than sellers — 72% buying: Last quarter: 115 funds were net buyers (58 opened a brand new position + 57 added to an existing one). Only 44 were sellers (36 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for ETON holders?

Strong quality — 33% AUM from major funds: 42 of 165 holders rank in the top 100 by AUM, accounting for 33% 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 ETON?

Mixed — 30% long-term, 46% new: Of the 165 current holders: 49 (30%) held >2 years, 40 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.

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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