Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

National Vision Hldgs Inc (EYE)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -24
Streak
3Q ▼
Buyers last Q
48%

Smart Money Signals — EYE

Based on 233 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their EYE 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 — 89% of 3.0Y peak

89% of all-time peak
233 funds currently hold this stock — 89% of the 3.0-year high of 261 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q
11 fewer hedge funds hold EYE compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 48% buying

132 buying144 selling
Last quarter: 144 funds reduced or exited vs 132 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.
📈

More new buyers each quarter (+10 vs last Q)

new funds entering per quarter
Funds opening a new EYE position: 51 → 44 → 36 → 46. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 25% medium ■ 18% new
133 out of 233 hedge funds have held EYE 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 +6%, value -20%

Value
-20%
Shares
+5%
Last quarter: funds added +6% more shares while total portfolio value only changed -20%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~46 new funds/quarter

70 → 51 → 44 → 36 → 46 new funds/Q
New funds entering each quarter: 51 → 44 → 36 → 46. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 65% veterans vs 23% newcomers

■ 65% veterans ■ 12% 1-2yr ■ 23% new
Entry-cohort mix of 239 holders: 156 (65%) are 2+ year veterans, 28 entered 1–2 years ago, and 55 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 60% AUM from top-100 funds

60% from top-100 AUM funds
51 of 230 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in EYE. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
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 — EYE

In 2026 Q2, 132 hedge funds were net buyers of EYE (46 opened a new position, 86 added to an existing one), while 144 reduced or exited (74 trimmed, 70 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 60% of total institutional value in EYE is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -24 funds (more exits than new entries). Total institutional holders: 233.

Hedge Fund Ownership: EYE

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

Market Analysis: EYE

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: EYE

-- --

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

Is It Too Late to Buy National Vision Hldgs Inc (EYE) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much EYE has moved relative to its sector benchmark (XLY) since the 2026 Q2 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 June 30, 2026 · 89d ago
EYE
-13.0%
XLY
-6.1%

EYE outperformed XLY by -6.9% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 44d ago
EYE
-14.4%
XLY
-6.8%

Since the filing became public, EYE outperformed XLY by -7.6% .

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.

10 top-rated funds 1 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
2.0
/ 10
conviction
Hedge Fund Positioning: EYE
228 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 228 257 -11.28%
13F Shares 100M 96M 3.94%
Total Value $1.89B $2.47B -23.63%
New Positions 46 36 +10
Increased Positions 82 83 -1
Closed Positions 72 38 +34
Reduced Positions 75 90 -15
Total Calls 6 4 50.0%
Total Puts 2 5 -60.0%
PUT/CALL Ratio 0.33 1.25 Bullish

Statistics: EYE

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
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) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

228 + investors

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

QUARTER:
Top 25 EYE holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Engine Capital Management, LP 6.51% 3,520,944 $66.9M
2 Heights Point Management, LP 5.07% 335,044 $6.4M
3 Pacific Capital Partners Ltd 1.59% 96,361 $1.8M
4 Darwins River Capital, LP 1.38% 132,556 $2.5M
5 Glenview Capital Management, LLC 1.07% 3,101,083 $59.0M
6 Emerald Advisers, LLC 0.90% 2,006,691 $38.1M
7 Avalon Trust Co 0.89% 761,750 $14.5M
8 Emerald Mutual Fund Advisers Trust 0.87% 1,298,228 $24.7M
9 Divisadero Street Capital Management, LP 0.82% 1,899,450 $36.1M
10 Fund 1 Investments, LLC 0.81% 255,796 $4.9M
11 Pier Capital, LLC 0.78% 310,446 $5.9M
12 VARCOV Co. 0.75% 103,658 $2.0M
13 Granite Investment Partners, LLC 0.33% 341,133 $6.5M
14 Scopus Asset Management, L.P. 0.30% 1,110,000 $21.1M
15 William Blair Investment Management, LLC 0.27% 4,747,422 $90.2M
16 Polymer Capital Management (US) LLC 0.20% 79,932 $1.5M
17 Wakefield Asset Management LLLP 0.20% 45,709 $869K
18 Penn Capital Management Company, LLC 0.18% 146,253 $2.8M
19 Linden Thomas Advisory Services, LLC 0.17% 113,998 $2.2M
20 Ararat Capital Management LP 0.17% 18,641 $354K
21 Jupiter Asset Management Ltd 0.14% 1,461,115 $27.8M
22 Dark Forest Capital Management LP 0.10% 84,477 $1.6M
23 Nfj Investment Group, LLC 0.07% 108,852 $2.1M
24 WINTON GROUP Ltd 0.07% 108,753 $2.1M
25 Graham Capital Management, L.P. 0.06% 175,851 $3.3M
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 — National Vision Hldgs Inc (EYE)

What does the Smart Money Trend signal show for EYE?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their EYE 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 EYE?

More sellers than buyers — 48% buying: Last quarter: 144 funds reduced or exited vs 132 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 EYE holders?

Elite ownership — 60% AUM from top-100 funds: 51 of 230 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in EYE. 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 EYE?

57% of holders stayed for 2+ years: 133 out of 233 hedge funds have held EYE 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 National Vision Hldgs Inc (EYE) following the 2026 Q2 hedge fund 13F filings?

As of today, EYE has moved -14.4% since the 2026 Q2 13F filing date (August 14, 2026), compared to -6.8% for the XLY sector ETF — an outperformance of -7.6%. Since the quarter end (June 30, 2026), EYE has gained -13.0% vs -6.1% for XLY. 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.

Full history →