Firefly Aerospace Inc (FLY) Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Firefly Aerospace Inc (FLY) following the 2026 Q2 hedge fund 13F filings?

As of today, FLY has moved -9.6% since the 2026 Q2 13F filing date (August 14, 2026), compared to -9.1% for the XLI sector ETF — an outperformance of -0.5%. Since the quarter end (June 30, 2026), FLY gained -18.0% vs -8.4% 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)

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

Smart Money Signals — FLY

Based on 269 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q

For 4 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

269 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 — +13350% more funds vs a year ago

fund count last 6Q

+267 new funds entered over the past year (+13350% 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.

🟢

More buyers than sellers — 73% buying

217 buying80 selling

Last quarter: 217 funds were net buyers (98 opened a brand new position + 119 added to an existing one). Only 80 were sellers (40 trimmed + 40 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~98 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 113 → 66 → 97 → 98. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔄

Mostly new holders — 65% entered in last year

■ 17% conviction (2yr+) ■ 18% medium ■ 65% new

Only 45 funds (17%) 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.

➡️

Steady discovery — ~98 new funds/quarter

0 → 113 → 66 → 97 → 98 new funds/Q

New funds entering each quarter: 113 → 66 → 97 → 98. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🌱

Early stage — 69% of holders entered in last year

■ 31% veterans ■ 0% 1-2yr ■ 69% new

Of 287 current holders: 199 (69%) entered in the past year, only 88 (31%) 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 — 34% AUM from major funds

34% from top-100 AUM funds

48 of 263 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

6.6

out of 10

Moderate Exit Risk

Exit risk score 6.6/10 — 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 Q2)	Prior (2026 Q1)	Change
Funds Holding	262	211	24.17%
13F Shares	107M	74M	44.3%
Total Value	$3.08B	$2.00B	54.13%
New Positions	98	97	+1
Increased Positions	115	64	+51
Closed Positions	41	32	+9
Reduced Positions	36	25	+11
Total Calls	16	15	6.67%
Total Puts	8	9	-11.11%
PUT/CALL Ratio	0.5	0.6	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

262

211

24.17%

13F Shares

107M

74M

44.3%

Total Value

$3.08B

$2.00B

54.13%

New Positions

Increased Positions

115

+51

Closed Positions

Reduced Positions

+11

Total Calls

6.67%

Total Puts

-11.11%

PUT/CALL Ratio

0.5

0.6

Bullish

Institutional Holders (2026 Q2)

262 + 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 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Ae Industrial Partners, LP	74.19%	34,530,582	$1.02B
2	Firsthand Capital Management, Inc.	2.35%	50,000	$1.5M
3	Tema Etfs LLC	2.17%	2,280,867	$67.1M
4	OceanIQ Capital, LLC	0.85%	53,337	$1.4M
5	Red Wave Investments LLC	0.83%	111,218	$3.3M
6	Aperture Investors, LLC	0.69%	258,509	$7.6M
7	Lisanti Capital Growth, LLC	0.67%	104,060	$3.1M
8	Renaissance Capital LLC	0.64%	39,723	$1.2M
9	Deuterium Capital Management, LLC	0.64%	20,000	$588K
10	Phoenix Financial Ltd.	0.36%	1,812,863	$53.3M
11	Endowment Wealth Management, Inc.	0.36%	31,314	$921K
12	Caitong International Asset Management Co., Ltd	0.34%	83,925	$2.5M
13	Seven Grand Managers, LLC	0.30%	250,000	$7.3M
14	LuminArx Capital Management LP	0.29%	22,500	$662K
15	Ghisallo Capital Management LLC	0.29%	500,000	$14.7M
16	Penney Financial, LLC	0.23%	22,793	$670K
17	Werlinich Asset Management, LLC	0.23%	20,172	$593K
18	Lbp AM SA	0.22%	759,041	$22.3M
19	K.J. Harrison & Partners Inc	0.19%	45,000	$1.3M
20	Needham Investment Management LLC	0.13%	152,500	$4.5M
21	Liontrust Investment Partners LLP	0.13%	300,441	$8.8M
22	Resolute Advisors LLC	0.13%	18,200	$535K
23	Legacy Financial Independent Advisors LLC	0.12%	9,034	$266K
24	Marex Group Ltd	0.12%	964,348	$28.4M
25	FreeGulliver LLC	0.12%	11,376	$334K

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 — 4 quarters in a row: For 4 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 — 73% buying: Last quarter: 217 funds were net buyers (98 opened a brand new position + 119 added to an existing one). Only 80 were sellers (40 trimmed + 40 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FLY holders?

Strong quality — 34% AUM from major funds: 48 of 263 holders rank in the top 100 by AUM, accounting for 34% 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 FLY?

Mostly new holders — 65% entered in last year: Only 45 funds (17%) 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 Q2 hedge fund 13F filings?

As of today, FLY has moved -9.6% since the 2026 Q2 13F filing date (August 14, 2026), compared to -9.1% for the XLI sector ETF — an outperformance of -0.5%. Since the quarter end (June 30, 2026), FLY has gained -18.0% vs -8.4% 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 — 4 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +13350% more funds vs a year ago

More buyers than sellers — 73% buying

Steady new buyers — ~98 new funds per quarter

Mostly new holders — 65% entered in last year

Steady discovery — ~98 new funds/quarter

Early stage — 69% of holders entered in last year

Strong quality — 34% AUM from major funds

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 Q2)

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Frequently Asked Questions — Firefly Aerospace Inc (FLY)

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