Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fortress Biotech Inc (FBIO)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
2Q ▼
Buyers last Q
45%

Smart Money Signals — FBIO

Based on 50 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 FBIO 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 — 86% of 3.0Y peak

86% of all-time peak
50 funds currently hold this stock — 86% of the 3.0-year high of 58 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +6% more funds vs a year ago

fund count last 6Q
+3 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 45% buying

25 buying30 selling
Last quarter: 30 funds reduced or exited vs 25 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.
➡️

Steady new buyers — ~11 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 11 → 20 → 11 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 36% long-term, 34% new

■ 36% conviction (2yr+) ■ 30% medium ■ 34% new
Of the 50 current holders: 18 (36%) held >2 years, 15 held 1–2 years, and 17 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.
💎

Buying through price weakness — shares -11%, value -41%

Value
-40%
Shares
-11%
Last quarter: funds added -11% more shares while total portfolio value only changed -41%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

2 → 11 → 20 → 11 → 11 new funds/Q
New funds entering each quarter: 11 → 20 → 11 → 11. FBIO 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 — 45% of holders stayed 2+ years

■ 45% veterans ■ 23% 1-2yr ■ 32% new
Of 53 current holders: 24 (45%) 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 — 29% AUM from major funds

29% from top-100 AUM funds
14 of 50 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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 — FBIO

In 2026 Q1, 25 hedge funds were net buyers of FBIO (11 opened a new position, 14 added to an existing one), while 30 reduced or exited (17 trimmed, 13 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 29% of total institutional value in FBIO is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 50.

Hedge Fund Ownership: FBIO

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

Market Analysis: FBIO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FBIO

-- --

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

Is It Too Late to Buy Fortress Biotech Inc (FBIO) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FBIO has moved relative to its sector benchmark (XLV) 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
FBIO
+10.0%
XLV
+2.8%

FBIO outperformed XLV by +7.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
FBIO
+27.4%
XLV
+3.9%

Since the filing became public, FBIO outperformed XLV by +23.5% .

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.

3 top-rated funds 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: FBIO
50 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 50 52 -3.85%
13F Shares 6M 6M -11.28%
Total Value $14M $24M -40.63%
New Positions 11 11 -
Increased Positions 13 18 -5
Closed Positions 13 17 -4
Reduced Positions 15 15 -
Total Calls 2 2 -
Total Puts 2 4 -50.0%
PUT/CALL Ratio 1.0 2.0 Neutral

Statistics: FBIO

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Valuation Measures Data as of: --

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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) --
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Income Statement & Cash Flow
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Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

50 + investors

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

QUARTER:
Top 25 FBIO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Opaleye Management Inc. 0.38% 1,042,000 $2.9M
2 180 Wealth Advisors, LLC 0.02% 63,800 $178K
3 Bridgeway Capital Management, LLC 0.01% 182,368 $509K
4 Two Sigma Securities, LLC 0.01% 24,744 $69K
5 Weaver Consulting Group 0.01% 11,367 $32K
6 Abacus Planning Group, Inc. 0.01% 14,534 $41K
7 PFG Investments, LLC 0.00% 36,501 $102K
8 MTM Investment Management, LLC 0.00% 4,249 $12K
9 XTX Topco Ltd 0.00% 76,068 $212K
10 HB Wealth Management, LLC 0.00% 120,175 $335K
11 Kestra Advisory Services, LLC 0.00% 129,801 $362K
12 Choreo, LLC 0.00% 36,250 $101K
13 Integrated Wealth Concepts LLC 0.00% 45,200 $126K
14 Tower Research Capital LLC (TRC) 0.00% 10,495 $29K
15 Summit Financial, LLC 0.00% 20,659 $58K
16 NewEdge Advisors, LLC 0.00% 12,927 $13K
17 Panagora Asset Management Inc 0.00% 56,668 $158K
18 Two Sigma Investments, LP 0.00% 196,825 $549K
19 Renaissance Technologies LLC 0.00% 99,590 $278K
20 Forum Financial Management, LP 0.00% 10,000 $28K
21 Two Sigma Advisers, LP 0.00% 25,250 $92K
22 Caitong International Asset Management Co., Ltd 0.00% 213 —
23 Simplex Trading, LLC 0.00% 58,329 $163K
24 Vanguard Fiduciary Trust Co 0.00% 142,535 $398K
25 Susquehanna International Group, LLP 0.00% 284,300 $793K
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 — Fortress Biotech Inc (FBIO)

What does the Smart Money Trend signal show for FBIO?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their FBIO 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 FBIO?

More sellers than buyers — 45% buying: Last quarter: 30 funds reduced or exited vs 25 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 FBIO holders?

Strong quality — 29% AUM from major funds: 14 of 50 holders rank in the top 100 by AUM, accounting for 29% 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 FBIO?

Mixed — 36% long-term, 34% new: Of the 50 current holders: 18 (36%) held >2 years, 15 held 1–2 years, and 17 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.

Is it too late to buy Fortress Biotech Inc (FBIO) following the 2026 Q1 hedge fund 13F filings?

As of today, FBIO has moved +27.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +3.9% for the XLV sector ETF — an outperformance of +23.5%. Since the quarter end (March 31, 2026), FBIO has gained +10.0% vs +2.8% for XLV. 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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