Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Figs Inc (FIGS)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +36
Streak
4Q ▲
Buyers last Q
59%

Smart Money Signals — FIGS

Based on 242 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added FIGS 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
242 hedge funds hold FIGS 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 — +44% more funds vs a year ago

fund count last 6Q
+74 new funds entered over the past year (+44% 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. The peak was reached in just 4 quarters from the low — a sharp move.
🟡

Slight buying edge — 59% buying

142 buying98 selling
Last quarter: 142 funds bought or added vs 98 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.
📈

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

new funds entering per quarter
Funds opening a new FIGS position: 32 → 41 → 48 → 62. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

46% of holders stayed for 2+ years

■ 46% conviction (2yr+) ■ 26% medium ■ 27% new
112 out of 242 hedge funds have held FIGS 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.
💰

Value +38% but shares only +8% — price-driven

Value
+37%
Shares
+8%
Last quarter: the total dollar value of institutional holdings rose +38%, but actual share count only changed +8%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
🚀

Acceleration phase — new buyers rushing in

26 → 32 → 41 → 48 → 62 new funds/Q
New funds entering each quarter: 32 → 41 → 48 → 62. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 62% veterans vs 28% newcomers

■ 62% veterans ■ 11% 1-2yr ■ 28% new
Entry-cohort mix of 250 holders: 154 (62%) are 2+ year veterans, 27 entered 1–2 years ago, and 69 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 23% AUM from major funds

23% from top-100 AUM funds
46 of 238 holders rank in the top 100 by AUM, accounting for 23% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — 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 — FIGS

In 2026 Q1, 142 hedge funds were net buyers of FIGS (62 opened a new position, 80 added to an existing one), while 98 reduced or exited (72 trimmed, 26 sold completely) — a 59% buyer ratio, indicating a slight buying edge. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 23% of total institutional value in FIGS is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +36 funds (more new holders than closures). Total institutional holders: 242.

Hedge Fund Ownership: FIGS

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

Market Analysis: FIGS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FIGS

-- --

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

Is It Too Late to Buy Figs Inc (FIGS) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FIGS 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 · 80d ago
FIGS
nan%
XLY
nan%

FIGS outperformed XLY by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
FIGS
nan%
XLY
nan%

Since the filing became public, FIGS outperformed XLY by nan% .

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.

23 top-rated funds 3 high-conviction
Consensus
6.0
/ 10
breadth
×
Elite
2.2
/ 10
conviction
Hedge Fund Positioning: FIGS
241 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 241 206 16.99%
13F Shares 153M 142M 8.28%
Total Value $2.22B $1.61B 37.94%
New Positions 61 48 +13
Increased Positions 79 59 +20
Closed Positions 26 32 -6
Reduced Positions 68 76 -8
Total Calls 8 6 33.33%
Total Puts 4 5 -20.0%
PUT/CALL Ratio 0.5 0.83 Bullish

Statistics: FIGS

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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 Q1)

241 + investors

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

QUARTER:
Top 25 FIGS holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Applied Fundamental Research, LLC 10.05% 515,569 $7.6M
2 O'Neil Global Advisors, Inc. 5.99% 58,502 $864K
3 Bamco Inc /Ny/ 2.67% 59,959,449 $885.6M
4 Semanteon Capital Management, LP 2.56% 12,936 $191K
5 Divisadero Street Capital Management, LP 1.97% 3,196,396 $47.2M
6 Malaga Cove Capital, LLC 1.82% 343,010 $5.1M
7 Quantedge Capital Pte Ltd 0.98% 121,400 $1.8M
8 Intrinsic Value Partners, LLC 0.72% 63,035 $931K
9 Black Creek Investment Management Inc. 0.65% 824,237 $12.2M
10 Informed Momentum Co LLC 0.60% 353,939 $5.2M
11 Lisanti Capital Growth, LLC 0.51% 137,180 $2.0M
12 Driehaus Capital Management LLC 0.45% 4,174,257 $61.7M
13 Verdad Advisers, LP 0.40% 24,251 $358K
14 Rice Hall James & Associates, LLC 0.36% 433,592 $6.4M
15 Formula Growth Ltd 0.33% 49,000 $724K
16 Wakefield Asset Management LLLP 0.30% 77,899 $1.2M
17 Sanders Morris Harris LLC 0.22% 95,000 $1.4M
18 Integrated Quantitative Investments LLC 0.19% 71,847 $1.1M
19 Hillsdale Investment Management Inc. 0.19% 475,860 $7.0M
20 LGT Fund Management Co Ltd. 0.17% 268,200 $4.0M
21 Dark Forest Capital Management LP 0.15% 115,866 $1.7M
22 Occudo Quantitative Strategies LP 0.14% 169,852 $2.5M
23 R Squared Ltd 0.12% 15,009 $222K
24 Net Worth Advisory Group 0.11% 34,810 $514K
25 Fuller & Thaler Asset Management, INC. 0.11% 2,133,406 $31.5M
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 — Figs Inc (FIGS)

What does the Smart Money Trend signal show for FIGS?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added FIGS 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 FIGS?

Slight buying edge — 59% buying: Last quarter: 142 funds bought or added vs 98 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 FIGS holders?

Strong quality — 23% AUM from major funds: 46 of 238 holders rank in the top 100 by AUM, accounting for 23% 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 FIGS?

46% of holders stayed for 2+ years: 112 out of 242 hedge funds have held FIGS 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 Figs Inc (FIGS) following the 2026 Q1 hedge fund 13F filings?

As of today, FIGS has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to nan% for the XLY sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), FIGS has gained nan% vs nan% 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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