Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fresenius Medical Care AG (FMS)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +18
Streak
3Q ▲
Buyers last Q
67%

Smart Money Signals — FMS

Based on 235 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added FMS 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
235 hedge funds hold FMS 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.
📶

Steady growth — +14% more funds vs a year ago

fund count last 6Q
+29 new funds entered over the past year (+14% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 67% buying

151 buying75 selling
Last quarter: 151 funds were net buyers (50 opened a brand new position + 101 added to an existing one). Only 75 were sellers (43 trimmed + 32 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter
Funds opening a new FMS position: 26 → 30 → 44 → 50. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 16% medium ■ 24% new
141 out of 235 hedge funds have held FMS 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.
🚀

Acceleration phase — new buyers rushing in

33 → 26 → 30 → 44 → 50 new funds/Q
New funds entering each quarter: 26 → 30 → 44 → 50. 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 — 66% veterans vs 23% newcomers

■ 66% veterans ■ 10% 1-2yr ■ 23% new
Entry-cohort mix of 240 holders: 159 (66%) are 2+ year veterans, 25 entered 1–2 years ago, and 56 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 36% AUM from major funds

36% from top-100 AUM funds
38 of 234 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 — FMS

In 2026 Q2, 151 hedge funds were net buyers of FMS (50 opened a new position, 101 added to an existing one), while 75 reduced or exited (43 trimmed, 32 sold completely) — a 67% buyer ratio, indicating clear institutional accumulation. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 36% of total institutional value in FMS is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +18 funds (more new holders than closures). Total institutional holders: 235.

Hedge Fund Ownership: FMS

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

Market Analysis: FMS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FMS

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

11 top-rated funds 0 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: FMS
231 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 231 217 6.45%
13F Shares 43M 42M 1.15%
Total Value $943M $931M 1.34%
New Positions 49 44 +5
Increased Positions 98 86 +12
Closed Positions 34 38 -4
Reduced Positions 42 49 -7
Total Calls 3 1 200.0%
Total Puts 3 3 -
PUT/CALL Ratio 1.0 3.0 Neutral

Statistics: FMS

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Institutional Holders (2026 Q2)

231 + investors

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

QUARTER:
Top 25 FMS holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Nia Impact Advisors, LLC 1.28% 136,769 $3.1M
2 Pzena Investment Management LLC 1.00% 14,992,081 $339.0M
3 Fiduciary Management Inc /Wi/ 0.94% 2,937,829 $66.4M
4 Abc Arbitrage SA 0.59% 239,751 $5.4M
5 Todd Asset Management LLC 0.52% 1,305,386 $29.5M
6 Searle & CO. 0.41% 80,725 $1.8M
7 Barometer Capital Management INC. 0.37% 58,200 $1.3M
8 DMC Group, LLC 0.33% 21,588 $488K
9 Brandes Investment Partners, LP 0.30% 1,916,090 $43.3M
10 Moran Wealth Management, LLC 0.22% 362,438 $8.2M
11 Transmarket Holdings LP 0.22% 12,979 $293K
12 Uncommon Cents Investing LLC 0.20% 40,545 $917K
13 Commons Capital, LLC 0.14% 8,895 $201K
14 Cinctive Capital Management LP 0.14% 167,016 $3.8M
15 Riverwater Partners LLC 0.10% 15,306 $346K
16 Baron Wealth Management LLC 0.09% 14,860 $336K
17 Ping Capital Management, INC. 0.08% 15,000 $339K
18 O'shaughnessy Asset Management, LLC 0.05% 465,587 $10.5M
19 Dodge & Cox 0.05% 3,826,910 $86.5M
20 Ritholtz Wealth Management 0.04% 128,403 $2.9M
21 Highland Capital Management, LLC 0.04% 36,700 $830K
22 Lanark Financial, INC. 0.04% 24,007 $543K
23 PKS Advisory Services, LLC 0.04% 9,885 $224K
24 D'Orazio & Associates, Inc. 0.04% 13,511 $305K
25 Atlas Capital Advisors INC. 0.03% 12,593 $284K
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 — Fresenius Medical Care AG (FMS)

What does the Smart Money Trend signal show for FMS?

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

More buyers than sellers — 67% buying: Last quarter: 151 funds were net buyers (50 opened a brand new position + 101 added to an existing one). Only 75 were sellers (43 trimmed + 32 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for FMS holders?

Strong quality — 36% AUM from major funds: 38 of 234 holders rank in the top 100 by AUM, accounting for 36% 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 FMS?

60% of holders stayed for 2+ years: 141 out of 235 hedge funds have held FMS 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.

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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