Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Forte Biosciences Inc (FBRX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +17
Streak
8Q ▲
Buyers last Q
66%

Smart Money Signals — FBRX

Based on 85 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 8 quarters in a row

last 6Q
For 8 consecutive quarters, more hedge funds added FBRX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
85 hedge funds hold FBRX 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 — +166% more funds vs a year ago

fund count last 6Q
+53 new funds entered over the past year (+166% 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 buyers than sellers — 66% buying

63 buying33 selling
Last quarter: 63 funds were net buyers (32 opened a brand new position + 31 added to an existing one). Only 33 were sellers (18 trimmed + 15 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+14 vs last Q)

new funds entering per quarter
Funds opening a new FBRX position: 13 → 24 → 18 → 32. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔄

Mostly new holders — 60% entered in last year

■ 1% conviction (2yr+) ■ 39% medium ■ 60% new
Only 1 funds (1%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎

Buying through price weakness — shares +50%, value +23%

Value
+23%
Shares
+50%
Last quarter: funds added +50% more shares while total portfolio value only changed +23%. 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

8 → 13 → 24 → 18 → 32 new funds/Q
New funds entering each quarter: 13 → 24 → 18 → 32. A growing number of institutions are discovering FBRX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱

Early stage — 74% of holders entered in last year

■ 1% veterans ■ 25% 1-2yr ■ 74% new
Of 87 current holders: 64 (74%) entered in the past year, only 1 (1%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
✅

Strong quality — 25% AUM from major funds

25% from top-100 AUM funds
29 of 85 holders rank in the top 100 by AUM, accounting for 25% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
6.0
out of 10
Moderate Exit Risk
Exit risk score 6.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 — FBRX

In 2026 Q2, 63 hedge funds were net buyers of FBRX (32 opened a new position, 31 added to an existing one), while 33 reduced or exited (18 trimmed, 15 sold completely) — a 66% buyer ratio, indicating clear institutional accumulation. This marks 8 consecutive quarters of net institutional buying — a persistent conviction signal. 25% of total institutional value in FBRX is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +17 funds (more new holders than closures). Total institutional holders: 85.

Hedge Fund Ownership: FBRX

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

Market Analysis: FBRX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FBRX

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

7 top-rated funds 0 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: FBRX
84 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 84 68 23.53%
13F Shares 20M 14M 50.37%
Total Value $430M $349M 23.03%
New Positions 31 18 +13
Increased Positions 30 20 +10
Closed Positions 15 8 +7
Reduced Positions 18 20 -2
Total Calls 1 2 -50.0%
Total Puts 1 1 -
PUT/CALL Ratio 1.0 0.5 Neutral

Statistics: FBRX

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Institutional Holders (2026 Q2)

84 + investors

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

QUARTER:
Top 25 FBRX holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Squadron Capital Management LLC 1.48% 225,000 $4.8M
2 MPM BioImpact LLC 1.28% 987,448 $21.0M
3 Affinity Asset Advisors, LLC 1.10% 1,145,391 $24.3M
4 Trails Edge Capital Partners, LP 0.92% 273,181 $5.8M
5 Sphera Funds Management LTD. 0.69% 249,693 $5.3M
6 Orbimed Advisors LLC 0.62% 1,577,705 $33.5M
7 Integral Health Asset Management, LLC 0.57% 675,000 $14.3M
8 TCG Crossover Management, LLC 0.47% 920,000 $19.6M
9 Boxer Capital Management, LLC 0.44% 274,500 $5.8M
10 AWM Investment Company, Inc. 0.41% 222,500 $4.7M
11 Cable Car Capital, LP 0.18% 400,000 $8.5M
12 Persistent Asset Partners Ltd 0.12% 18,263 $388K
13 Fred Alger Management, LLC 0.10% 1,439,697 $30.6M
14 Weil Company, Inc. 0.09% 24,765 $526K
15 Federated Hermes, INC. 0.06% 2,110,516 $44.8M
16 Ikarian Capital, LLC 0.05% 20,972 $446K
17 Woodline Partners LP 0.05% 712,753 $15.1M
18 Mangrove Partners IM, LLC 0.05% 33,346 $709K
19 Candriam S.C.A. 0.03% 303,100 $6.4M
20 J. Goldman & Co LP 0.03% 46,182 $981K
21 Adage Capital Partners GP, L.L.C. 0.02% 700,000 $14.9M
22 Jupiter Topco LLC 0.01% 1,373,060 $29.2M
23 China Universal Asset Management Co., Ltd. 0.01% 8,000 $170K
24 XTX Topco Ltd 0.01% 29,947 $636K
25 Millennium Management LLC 0.01% 655,199 $13.9M
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 — Forte Biosciences Inc (FBRX)

What does the Smart Money Trend signal show for FBRX?

Buying streak — 8 quarters in a row: For 8 consecutive quarters, more hedge funds added FBRX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for FBRX?

More buyers than sellers — 66% buying: Last quarter: 63 funds were net buyers (32 opened a brand new position + 31 added to an existing one). Only 33 were sellers (18 trimmed + 15 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FBRX holders?

Strong quality — 25% AUM from major funds: 29 of 85 holders rank in the top 100 by AUM, accounting for 25% 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 FBRX?

Mostly new holders — 60% entered in last year: Only 1 funds (1%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

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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