Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Extreme Networks Inc (EXTR)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -9
Streak
1Q ▼
Buyers last Q
55%

Smart Money Signals — EXTR

Based on 299 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 EXTR 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 (95% of max)

95% of all-time peak
299 hedge funds hold EXTR 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.
📶

Steady growth — +13% more funds vs a year ago

fund count last 6Q
+34 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 55% buying

173 buying139 selling
Last quarter: 173 funds bought or added vs 139 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.
➡️

Steady new buyers — ~46 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 59 → 49 → 48 → 46. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 18% medium ■ 18% new
190 out of 299 hedge funds have held EXTR 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.
➡️

Steady discovery — ~46 new funds/quarter

32 → 59 → 49 → 48 → 46 new funds/Q
New funds entering each quarter: 59 → 49 → 48 → 46. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 71% veterans vs 22% newcomers

■ 71% veterans ■ 8% 1-2yr ■ 22% new
Entry-cohort mix of 306 holders: 216 (71%) are 2+ year veterans, 24 entered 1–2 years ago, and 66 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 32% AUM from major funds

32% from top-100 AUM funds
47 of 298 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — 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 — EXTR

In 2026 Q1, 173 hedge funds were net buyers of EXTR (46 opened a new position, 127 added to an existing one), while 139 reduced or exited (84 trimmed, 55 sold completely) — a 55% buyer ratio, indicating a slight buying edge. 32% of total institutional value in EXTR is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -9 funds (more exits than new entries). Total institutional holders: 299.

Hedge Fund Ownership: EXTR

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

Market Analysis: EXTR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: EXTR

-- --

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

Is It Too Late to Buy Extreme Networks Inc (EXTR) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much EXTR has moved relative to its sector benchmark (XLK) 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 · 78d ago
EXTR
+110.0%
XLK
+41.7%

EXTR outperformed XLK by +68.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
EXTR
+28.4%
XLK
+6.8%

Since the filing became public, EXTR outperformed XLK by +21.6% .

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.

31 top-rated funds 3 high-conviction
Consensus
6.5
/ 10
breadth
×
Elite
3.8
/ 10
conviction
Hedge Fund Positioning: EXTR
296 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 296 308 -3.9%
13F Shares 126M 128M -1.25%
Total Value $1.85B $2.13B -13.14%
New Positions 44 48 -4
Increased Positions 126 129 -3
Closed Positions 56 47 +9
Reduced Positions 83 94 -11
Total Calls 4 4 -
Total Puts 4 3 33.33%
PUT/CALL Ratio 1.0 0.75 Neutral

Statistics: EXTR

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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)

296 + investors

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

QUARTER:
Top 25 EXTR holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Circumference Group LLC 12.00% 355,100 $5.4M
2 Trigran Investments, Inc. 10.27% 2,847,370 $42.9M
3 Southernsun Asset Management, LLC 5.02% 2,297,933 $34.7M
4 Shannon River Fund Management LLC 3.78% 1,313,061 $19.8M
5 Paradigm Capital Management Inc/Ny 3.02% 5,234,900 $78.9M
6 Brooktree Capital Management 2.66% 222,688 $3.4M
7 Aurora Investment Counsel 1.43% 170,866 $2.6M
8 Ironwood Investment Management LLC 1.01% 161,362 $2.4M
9 Penbrook Management LLC 0.95% 83,525 $1.3M
10 Ballast Asset Management, LP 0.94% 139,668 $2.1M
11 Mirador Capital Partners LP 0.89% 416,916 $6.3M
12 Villanova Investment Management Co LLC 0.75% 48,219 $727K
13 Lyell Wealth Management, LP 0.65% 582,345 $8.8M
14 Olympiad Research LP 0.49% 10,572 $159K
15 Capital Advantage, Inc. 0.47% 238,829 $3.6M
16 Essex Investment Management Co LLC 0.38% 158,032 $2.4M
17 Green Alpha Advisors, LLC 0.37% 24,977 $377K
18 Sirios Capital Management L P 0.33% 182,396 $2.8M
19 Icon Advisers Inc/Co 0.28% 80,000 $1.2M
20 Bayforest Capital Ltd 0.15% 8,601 $130K
21 Polar Asset Management Partners Inc. 0.14% 461,629 $7.0M
22 Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna 0.14% 22,200 $335K
23 Armor Investment Advisors, LLC 0.14% 25,145 $379K
24 Byrne Asset Management LLC 0.13% 15,090 $228K
25 Defiance ETFs, LLC 0.13% 610,673 $9.2M
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 — Extreme Networks Inc (EXTR)

What does the Smart Money Trend signal show for EXTR?

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

Slight buying edge — 55% buying: Last quarter: 173 funds bought or added vs 139 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 EXTR holders?

Strong quality — 32% AUM from major funds: 47 of 298 holders rank in the top 100 by AUM, accounting for 32% 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 EXTR?

64% of holders stayed for 2+ years: 190 out of 299 hedge funds have held EXTR 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.

Is it too late to buy Extreme Networks Inc (EXTR) following the 2026 Q1 hedge fund 13F filings?

As of today, EXTR has moved +28.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.8% for the XLK sector ETF — an outperformance of +21.6%. Since the quarter end (March 31, 2026), EXTR has gained +110.0% vs +41.7% for XLK. 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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