Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fennec Pharmaceuticals Inc (FENC)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -4
Streak
1Q ▼
Buyers last Q
57%

Smart Money Signals — FENC

Based on 91 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 FENC 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 (96% of max)

96% of all-time peak
91 hedge funds hold FENC 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 — +34% more funds vs a year ago

fund count last 6Q
+23 new funds entered over the past year (+34% 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.
🟡

Slight buying edge — 57% buying

54 buying40 selling
Last quarter: 54 funds bought or added vs 40 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 — ~18 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 15 → 12 → 21 → 18. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

40% of holders stayed for 2+ years

■ 40% conviction (2yr+) ■ 31% medium ■ 30% new
36 out of 91 hedge funds have held FENC 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 +4%, value -17%

Value
-16%
Shares
+4%
Last quarter: funds added +4% more shares while total portfolio value only changed -17%. 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

10 → 15 → 12 → 21 → 18 new funds/Q
New funds entering each quarter: 15 → 12 → 21 → 18. A growing number of institutions are discovering FENC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 53% veterans vs 32% newcomers

■ 53% veterans ■ 15% 1-2yr ■ 32% new
Entry-cohort mix of 91 holders: 48 (53%) are 2+ year veterans, 14 entered 1–2 years ago, and 29 (32%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 10% AUM from top-100

10% from top-100 AUM funds
24 of 90 holders rank in the top 100 by AUM, but together hold only 10% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — 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 — FENC

In 2026 Q1, 54 hedge funds were net buyers of FENC (18 opened a new position, 36 added to an existing one), while 40 reduced or exited (18 trimmed, 22 sold completely) — a 57% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 91.

Hedge Fund Ownership: FENC

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

Market Analysis: FENC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FENC

-- --

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

Is It Too Late to Buy Fennec Pharmaceuticals Inc (FENC) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FENC 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 · 79d ago
FENC
+46.0%
XLV
+2.8%

FENC outperformed XLV by +43.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
FENC
-7.9%
XLV
+3.9%

Since the filing became public, FENC outperformed XLV by -11.8% .

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.

13 top-rated funds 2 high-conviction
Consensus
5.0
/ 10
breadth
×
Elite
2.3
/ 10
conviction
Hedge Fund Positioning: FENC
90 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 90 95 -5.26%
13F Shares 16M 16M 4.42%
Total Value $99M $120M -16.88%
New Positions 17 21 -4
Increased Positions 36 26 +10
Closed Positions 22 9 +13
Reduced Positions 18 24 -6
Total Calls 1 0 100%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FENC

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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

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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

90 + investors

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

QUARTER:
Top 25 FENC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Solas Capital Management, LLC 8.78% 2,482,198 $15.3M
2 Rosalind Advisors, Inc. 7.19% 2,908,201 $17.9M
3 Lion Point Capital, LP 4.13% 112,434 $691K
4 AIGH Capital Management LLC 1.66% 1,981,501 $12.2M
5 Potomac Capital Management, Inc. 1.20% 224,400 $1.4M
6 AWM Investment Company, Inc. 0.49% 720,135 $4.4M
7 Southpoint Capital Advisors LP 0.35% 2,744,741 $16.9M
8 Nano Cap New Millennium Growth Fund L P 0.12% 21,500 $132K
9 1492 Capital Management LLC 0.12% 50,705 $312K
10 Eleva Capital SAS 0.10% 53,234 $327K
11 Hartford Financial Management Inc. 0.08% 50,646 $311K
12 Cornerstone Capital, Inc. 0.06% 105,000 $646K
13 Globeflex Capital L P 0.02% 18,343 $113K
14 Prelude Capital Management, LLC 0.01% 29,599 $182K
15 Bridgeway Capital Management, LLC 0.01% 83,005 $510K
16 Gendell Jeffrey L 0.01% 83,024 $511K
17 Trexquant Investment LP 0.00% 51,869 $319K
18 XTX Topco Ltd 0.00% 15,255 $94K
19 Engineers Gate Manager LP 0.00% 15,516 $95K
20 Tower Research Capital LLC (TRC) 0.00% 4,339 $27K
21 Private Wealth Management Group, LLC 0.00% 397 $2K
22 State of Wisconsin Investment Board 0.00% 43,500 $268K
23 MetLife Investment Management, LLC 0.00% 13,509 $83K
24 Squarepoint Ops LLC 0.00% 56,510 $348K
25 Police & Firemen's Retirement System of New Jersey 0.00% 6,250 $38K
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 — Fennec Pharmaceuticals Inc (FENC)

What does the Smart Money Trend signal show for FENC?

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

Slight buying edge — 57% buying: Last quarter: 54 funds bought or added vs 40 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 FENC holders?

Smaller funds dominant — 10% AUM from top-100: 24 of 90 holders rank in the top 100 by AUM, but together hold only 10% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FENC?

40% of holders stayed for 2+ years: 36 out of 91 hedge funds have held FENC 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 Fennec Pharmaceuticals Inc (FENC) following the 2026 Q1 hedge fund 13F filings?

As of today, FENC has moved -7.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +3.9% for the XLV sector ETF — an outperformance of -11.8%. Since the quarter end (March 31, 2026), FENC has gained +46.0% vs +2.8% for XLV. 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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