Stock Analysis

Data Source: SEC EDGAR 13F

Updated Hourly

Northern Lts Fd Tr IV (FMCX)

Q: Is it too late to buy Northern Lts Fd Tr IV (FMCX) following the 2026 Q1 hedge fund 13F filings?

As of today, FMCX has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), FMCX gained nan% vs +15.1% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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

Net Flow Q/Q

→ 0

Streak

1Q —

Buyers last Q

25%

Smart Money Signals — FMCX

Based on 5 hedge funds · latest filing: 2026 Q1 · updated quarterly

➡️

No change last quarter

last 6Q

The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

📊

High ownership — 83% of 3.0Y peak

83% of all-time peak

5 funds currently hold this stock — 83% of the 3.0-year high of 6 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

📉

Outflows — 17% fewer funds vs a year ago

fund count last 6Q

1 fewer hedge funds hold FMCX compared to a year ago (-17% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.

🔴

Heavy selling pressure — only 25% buying

1 buying3 selling

Last quarter: 3 funds sold vs only 1 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

➡️

Steady new buyers — ~1 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 0 → 0 → 0 → 1. 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+) ■ 60% medium ■ 0% new

2 out of 5 hedge funds have held FMCX 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.

➡️

Steady discovery — ~1 new funds/quarter

3 → 0 → 0 → 0 → 1 new funds/Q

New funds entering each quarter: 0 → 0 → 0 → 1. Consistent flow of new institutional buyers without clear acceleration or slowdown.

📊

Mixed cohorts — 20% veterans, 20% new entrants

■ 20% veterans ■ 60% 1-2yr ■ 20% new

Of 5 current holders: 1 (20%) held 2+ years, 3 held 1–2 years, 1 (20%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.

📋

Smaller funds dominant — 0% AUM from top-100

0% from top-100 AUM funds

1 of 5 holders rank in the top 100 by AUM, but together hold only 0% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

3.4

out of 10

Low Exit Risk

Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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 — FMCX

In 2026 Q1, 1 hedge fund were net buyers of FMCX (1 opened a brand-new position), while 3 reduced or exited (2 trimmed, 1 sold completely) — a 25% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 5.

Hedge Fund Ownership: FMCX

How many hedge funds hold FMCX — quarterly history vs. share price

Quarterly hedge fund ownership of FMCX vs. share price

Stock Performance

Real-time

Is It Too Late to Buy Northern Lts Fd Tr IV (FMCX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FMCX has moved relative to its sector benchmark (SPY) 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 · 81d ago

FMCX

nan%

SPY

+15.1%

FMCX outperformed SPY by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago

FMCX

nan%

SPY

+1.3%

Since the filing became public, FMCX outperformed SPY 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.

0 top-rated funds 0 high-conviction

Consensus

0.0

/ 10

breadth

Elite

0.0

/ 10

conviction

Hedge Fund Positioning: FMCX

5 + Investors

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

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	5	5	-
13F Shares	3M	3M	-0.2%
Total Value	$98M	$105M	-7.02%
New Positions	1	0	+1
Increased Positions	0	1	-1
Closed Positions	1	1	-
Reduced Positions	2	1	+1
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Statistics: FMCX

Valuation Measures Data as of: --

Market Cap	--
Enterprise Value	--
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PEG Ratio (5yr expected)	--
Price/Sales (ttm)	--
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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)

5 + investors

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

QUARTER:

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

Top 5 FMCX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	First Manhattan CO. LLC.	0.27%	3,016,551	$96.8M
2	Gts Securities LLC	0.02%	20,791	$667K
3	Avalon Trust Co	0.01%	2,600	$83K
4	Nbc Securities, INC.	0.00%	70	$2K
5	UBS Group AG	0.00%	242	$8K

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 — Northern Lts Fd Tr IV (FMCX)

What does the Smart Money Trend signal show for FMCX?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for FMCX?

Heavy selling pressure — only 25% buying: Last quarter: 3 funds sold vs only 1 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for FMCX holders?

Smaller funds dominant — 0% AUM from top-100: 1 of 5 holders rank in the top 100 by AUM, but together hold only 0% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FMCX?

40% of holders stayed for 2+ years: 2 out of 5 hedge funds have held FMCX 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 Northern Lts Fd Tr IV (FMCX) following the 2026 Q1 hedge fund 13F filings?

As of today, FMCX has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), FMCX has gained nan% vs +15.1% for SPY. 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.