Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

EVOLENT HEALTH INC (EVH)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -21
Streak
1Q ▼
Buyers last Q
50%

Smart Money Signals — EVH

Based on 206 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their EVH 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 — 80% of 3.0Y peak

80% of all-time peak
206 funds currently hold this stock — 80% of the 3.0-year high of 259 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 12% fewer funds vs a year ago

fund count last 6Q
29 fewer hedge funds hold EVH compared to a year ago (-12% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 50% buying

123 buying124 selling
Last quarter: 123 funds bought or added vs 124 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 (-13 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 37 → 37 → 51 → 38. 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.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 23% medium ■ 19% new
118 out of 206 hedge funds have held EVH 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 -10%, value -58%

Value
-57%
Shares
-10%
Last quarter: funds added -10% more shares while total portfolio value only changed -58%. 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

53 → 37 → 37 → 51 → 38 new funds/Q
New funds entering each quarter: 37 → 37 → 51 → 38. A growing number of institutions are discovering EVH each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 67% of holders stayed 2+ years

■ 67% veterans ■ 13% 1-2yr ■ 20% new
Of 215 current holders: 145 (67%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds
32 of 206 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.5
out of 10
Low Exit Risk
Exit risk score 2.5/10 — 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.

Hedge Fund Ownership: EVH

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

Market Analysis: EVH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: EVH

-- --

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

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

36 top-rated funds 1 high-conviction
Consensus
6.8
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: EVH
2026 Q1 Stats Unlock in 9 days 215 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 215 238 -9.66%
13F Shares 121M 135M -10.29%
Total Value $485M $1.14B -57.59%
New Positions 38 52 -14
Increased Positions 95 77 +18
Closed Positions 61 35 +26
Reduced Positions 78 92 -14
Total Calls 6 6 -
Total Puts 5 6 -16.67%
PUT/CALL Ratio 0.83 1.0 Neutral

Statistics: EVH

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Valuation Measures Data as of: --

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Enterprise Value --
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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
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) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

215 + investors

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

Top 25 institutional holders of EVH — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Tempus Wealth Planning, LLC 0.08% 159,470 $364K
2 GSA CAPITAL PARTNERS LLP 0.04% 312,659 —
3 Williams & Novak, LLC 0.03% 17,130 $38K
4 AlphaQuest LLC 0.02% 74,838 $299K
5 R Squared Ltd 0.01% 11,206 $26K
6 ERn Financial, LLC 0.01% 29,574 $67K
7 HARBOR CAPITAL ADVISORS, INC. 0.01% 43,035 —
8 FNY Investment Advisers, LLC 0.00% 5,000 —
9 Jefferies Financial Group Inc. 0.00% 291,600 $665K
10 WOLFF WIESE MAGANA LLC 0.00% 3,000 $7K
11 CONGRESS ASSET MANAGEMENT CO 0.00% 226,278 $516K
12 HighMark Wealth Management LLC 0.00% 3,975 $9K
13 Covestor Ltd 0.00% 2,168 —
14 UBS Group AG 0.00% 8,150,361 $18.6M
15 Y-Intercept (Hong Kong) Ltd 0.00% 60,847 $139K
16 Cetera Trust Company, N.A 0.00% 1,500 $3K
17 Vise Technologies, Inc. 0.00% 12,399 $50K
18 SIGNATUREFD, LLC 0.00% 26,646 $61K
19 Dynamic Advisor Solutions LLC 0.00% 12,037 $27K
20 INTECH INVESTMENT MANAGEMENT LLC 0.00% 30,121 $69K
21 Darwin Wealth Management, LLC 0.00% 950 $2K
22 Police & Firemen's Retirement System of New Jersey 0.00% 32,506 $74K
23 HB Wealth Management, LLC 0.00% 33,560 $77K
24 VANGUARD FIDUCIARY TRUST CO 0.00% 727,895 $1.7M
25 Cornerstone Financial Management LLC 0.00% 183 —
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 — EVOLENT HEALTH INC (EVH)

What does the Smart Money Trend signal show for EVH?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their EVH 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 EVH?

Slight buying edge — 50% buying: Last quarter: 123 funds bought or added vs 124 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 EVH holders?

Strong quality — 37% AUM from major funds: 32 of 206 holders rank in the top 100 by AUM, accounting for 37% 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 EVH?

57% of holders stayed for 2+ years: 118 out of 206 hedge funds have held EVH 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.

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.