Firefly Aerospace Inc (FLY): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Firefly Aerospace Inc (FLY) following the 2026 Q1 hedge fund 13F filings?

As of today, FLY has moved -23.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.5% for the XLI sector ETF — an outperformance of -28.9%. Since the quarter end (March 31, 2026), FLY gained +8.7% vs +11.9% for XLI. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Firefly Aerospace Inc (FLY)

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

Smart Money Signals — FLY

Based on 211 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q

For 3 consecutive quarters, more hedge funds added FLY 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

211 hedge funds hold FLY 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 — +210% more funds vs a year ago

fund count last 6Q

+143 new funds entered over the past year (+210% 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 3 quarters from the low — a sharp move.

🟢

More buyers than sellers — 72% buying

163 buying62 selling

Last quarter: 163 funds were net buyers (97 opened a brand new position + 66 added to an existing one). Only 62 were sellers (30 trimmed + 32 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+31 vs last Q)

new funds entering per quarter

Funds opening a new FLY position: 0 → 113 → 66 → 97. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔄

Mostly new holders — 73% entered in last year

■ 18% conviction (2yr+) ■ 9% medium ■ 73% new

Only 39 funds (18%) 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.

💰

Value +48% but shares only +21% — price-driven

Value

+47%

+21%

Last quarter: the total dollar value of institutional holdings rose +48%, but actual share count only changed +21%. 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.

📈

Growing discovery — still being found

14 → 0 → 113 → 66 → 97 new funds/Q

New funds entering each quarter: 0 → 113 → 66 → 97. A growing number of institutions are discovering FLY each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🌱

Early stage — 65% of holders entered in last year

■ 35% veterans ■ 0% 1-2yr ■ 65% new

Of 228 current holders: 149 (65%) entered in the past year, only 79 (35%) 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.

📋

Smaller funds dominant — 13% AUM from top-100

13% from top-100 AUM funds

40 of 204 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

6.8

out of 10

Moderate Exit Risk

Exit risk score 6.8/10 — 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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	210	146	43.84%
13F Shares	74M	61M	21.24%
Total Value	$2.00B	$1.35B	47.84%
New Positions	96	66	+30
Increased Positions	64	42	+22
Closed Positions	32	34	-2
Reduced Positions	25	17	+8
Total Calls	15	8	87.5%
Total Puts	9	8	12.5%
PUT/CALL Ratio	0.6	1.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

210

146

43.84%

13F Shares

74M

61M

21.24%

Total Value

$2.00B

$1.35B

47.84%

New Positions

+30

Increased Positions

+22

Closed Positions

-2

Reduced Positions

Total Calls

87.5%

Total Puts

12.5%

PUT/CALL Ratio

0.6

1.0

Bullish

Institutional Holders (2026 Q1)

210 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 FLY holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Ae Industrial Partners, LP	61.55%	35,227,754	$1.00B
2	REX Advisers, LLC	2.53%	29,400	$837K
3	Red Wave Investments LLC	1.26%	148,291	$4.2M
4	Masters Capital Management LLC	0.94%	1,000,000	$28.5M
5	Scientech Research LLC	0.51%	21,472	$611K
6	Lisanti Capital Growth, LLC	0.49%	68,955	$2.0M
7	Endowment Wealth Management, Inc.	0.47%	37,314	$1.1M
8	LuminArx Capital Management LP	0.42%	20,000	$569K
9	Sassicaia Capital Advisers LLC	0.34%	10,500	$299K
10	Lbp AM SA	0.29%	740,026	$21.1M
11	Seven Grand Managers, LLC	0.29%	150,000	$4.3M
12	Penney Financial, LLC	0.25%	22,793	$649K
13	Huntleigh Advisors, Inc.	0.23%	46,546	$1.3M
14	Resolute Advisors LLC	0.21%	18,200	$518K
15	Phoenix Financial Ltd.	0.18%	660,060	$18.8M
16	Burkehill Global Management, LP	0.18%	125,000	$3.6M
17	BlueCrest Capital Management Ltd	0.17%	103,698	$3.0M
18	Symmetry Peak Management LLC	0.16%	20,000	$569K
19	Thompson Davis & CO., INC.	0.15%	7,735	$220K
20	Caitong International Asset Management Co., Ltd	0.13%	25,599	$729K
21	Ghisallo Capital Management LLC	0.13%	160,000	$4.6M
22	Defiance ETFs, LLC	0.11%	280,370	$8.0M
23	Needham Investment Management LLC	0.09%	60,000	$1.7M
24	Consultiva Wealth Management, CORP.	0.08%	1,000	$28K
25	Legato Capital Management LLC	0.07%	25,210	$718K

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 — Firefly Aerospace Inc (FLY)

What does the Smart Money Trend signal show for FLY?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added FLY 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 FLY?

More buyers than sellers — 72% buying: Last quarter: 163 funds were net buyers (97 opened a brand new position + 66 added to an existing one). Only 62 were sellers (30 trimmed + 32 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FLY holders?

Smaller funds dominant — 13% AUM from top-100: 40 of 204 holders rank in the top 100 by AUM, but together hold only 13% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FLY?

Mostly new holders — 73% entered in last year: Only 39 funds (18%) 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.

Is it too late to buy Firefly Aerospace Inc (FLY) following the 2026 Q1 hedge fund 13F filings?

As of today, FLY has moved -23.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.5% for the XLI sector ETF — an outperformance of -28.9%. Since the quarter end (March 31, 2026), FLY has gained +8.7% vs +11.9% for XLI. 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.

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Firefly Aerospace Inc (FLY)

Smart Money Signals — FLY

Buying streak — 3 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +210% more funds vs a year ago

More buyers than sellers — 72% buying

More new buyers each quarter (+31 vs last Q)

Mostly new holders — 73% entered in last year

Value +48% but shares only +21% — price-driven

Growing discovery — still being found

Early stage — 65% of holders entered in last year

Smaller funds dominant — 13% AUM from top-100

Institutional Sentiment Summary — FLY

Hedge Fund Ownership: FLY

Market Analysis: FLY

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: FLY

Is It Too Late to Buy Firefly Aerospace Inc (FLY) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: FLY

Statistics: FLY

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Firefly Aerospace Inc (FLY)

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