Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

National Vision Hldgs Inc (EYE)

256 + 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
↓ -1
Streak
2Q ▼
Buyers last Q
48%

Smart Money Signals — EYE

Based on 257 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 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.
🏔️

At the ownership peak (99% of max)

99% of all-time peak
257 hedge funds hold EYE 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 — +22% more funds vs a year ago

fund count last 6Q
+46 new funds entered over the past year (+22% 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 sellers than buyers — 48% buying

120 buying129 selling
Last quarter: 129 funds reduced or exited vs 120 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.
⚠️

Fewer new buyers each quarter (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 70 → 50 → 43 → 36. 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.
🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 23% medium ■ 21% new
143 out of 257 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.
📊

Peak discovery — momentum slowing

51 → 70 → 50 → 43 → 36 new funds/Q
New funds entering each quarter: 70 → 50 → 43 → 36. EYE is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 63% of holders stayed 2+ years

■ 63% veterans ■ 8% 1-2yr ■ 29% new
Of 265 current holders: 167 (63%) 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.
🏆

Elite ownership — 43% AUM from top-100 funds

43% from top-100 AUM funds
46 of 257 holders are among the 100 largest funds by AUM, controlling 43% 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.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 Q1, 120 hedge funds were net buyers of EYE (36 opened a new position, 84 added to an existing one), while 129 reduced or exited (92 trimmed, 37 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 43% of total institutional value in EYE is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 257.

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 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 · 83d ago
EYE
-34.7%
XLY
+6.0%

EYE outperformed XLY by -40.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 38d ago
EYE
-3.1%
XLY
-0.9%

Since the filing became public, EYE outperformed XLY by -2.2% .

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.

24 top-rated funds 2 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
2.0
/ 10
conviction
Hedge Fund Positioning: EYE
256 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 256 258 -0.78%
13F Shares 96M 93M 3.66%
Total Value $2.47B $2.39B 3.3%
New Positions 35 43 -8
Increased Positions 83 93 -10
Closed Positions 37 45 -8
Reduced Positions 90 93 -3
Total Calls 4 3 33.33%
Total Puts 5 1 400.0%
PUT/CALL Ratio 1.25 0.33 Bearish

Statistics: EYE

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Financial Highlights

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Institutional Holders (2026 Q1)

256 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Ararat Capital Management LP 8.27% 567,143 $14.7M
2 Heights Point Management, LP 4.80% 199,911 $5.2M
3 Bwcp, LP 3.14% 793,807 $20.6M
4 Pier Capital, LLC 1.31% 307,642 $8.0M
5 Lisanti Capital Growth, LLC 1.29% 196,953 $5.1M
6 Emerald Advisers, LLC 1.23% 1,502,644 $38.9M
7 Emerald Mutual Fund Advisers Trust 1.18% 937,540 $24.3M
8 Glenview Capital Management, LLC 1.02% 1,565,917 $40.6M
9 Tabor Asset Management, LP 0.82% 78,826 $2.0M
10 Sapience Investments, LLC 0.77% 229 $6K
11 Divisadero Street Capital Management, LP 0.75% 696,032 $18.0M
12 Driehaus Capital Management LLC 0.66% 3,471,774 $89.9M
13 Oberweis Asset Management Inc/ 0.61% 797,780 $20.7M
14 Hussman Strategic Advisors, INC. 0.59% 105,000 $2.7M
15 Granite Investment Partners, LLC 0.54% 342,098 $8.9M
16 Formula Growth Ltd 0.37% 31,300 $811K
17 William Blair Investment Management, LLC 0.36% 4,225,766 $109.4M
18 J. Goldman & Co LP 0.35% 460,851 $11.9M
19 Wakefield Asset Management LLLP 0.31% 44,887 $1.2M
20 Harvest Investment Services, LLC 0.28% 58,045 $1.5M
21 Linden Thomas Advisory Services, LLC 0.25% 101,438 $2.6M
22 Jupiter Asset Management Ltd 0.20% 1,443,056 $37.4M
23 Uniplan Investment Counsel, Inc. 0.19% 72,227 $1.9M
24 Landscape Capital Management, L.L.C. 0.17% 106,187 $2.8M
25 Knights of Columbus Asset Advisors LLC 0.13% 91,503 $2.4M
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 — National Vision Hldgs Inc (EYE)

What does the Smart Money Trend signal show for EYE?

Selling streak — 2 quarters in a row: For 2 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: 129 funds reduced or exited vs 120 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 — 43% AUM from top-100 funds: 46 of 257 holders are among the 100 largest funds by AUM, controlling 43% 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?

56% of holders stayed for 2+ years: 143 out of 257 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 Q1 hedge fund 13F filings?

As of today, EYE has moved -3.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to -0.9% for the XLY sector ETF — an outperformance of -2.2%. Since the quarter end (March 31, 2026), EYE has gained -34.7% vs +6.0% 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.

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