Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Bank Montreal Medium (FNGS)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -4
Streak
2Q ▼
Buyers last Q
42%

Smart Money Signals — FNGS

Based on 39 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their FNGS positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 89% of 3.0Y peak

89% of all-time peak
39 funds currently hold this stock — 89% of the 3.0-year high of 44 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +11% more funds vs a year ago

fund count last 6Q
+4 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 42% buying

20 buying28 selling
Last quarter: 28 funds reduced or exited vs 20 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~8 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 12 → 10 → 6 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
📌

Mixed — 38% long-term, 26% new

■ 38% conviction (2yr+) ■ 36% medium ■ 26% new
Of the 39 current holders: 15 (38%) held >2 years, 14 held 1–2 years, and 10 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
📊

Peak discovery — momentum slowing

6 → 12 → 10 → 6 → 8 new funds/Q
New funds entering each quarter: 12 → 10 → 6 → 8. FNGS is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 51% veterans vs 37% newcomers

■ 51% veterans ■ 12% 1-2yr ■ 37% new
Entry-cohort mix of 41 holders: 21 (51%) are 2+ year veterans, 5 entered 1–2 years ago, and 15 (37%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 10% AUM from top-100

10% from top-100 AUM funds
11 of 38 holders rank in the top 100 by AUM, but together hold only 10% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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 — FNGS

In 2026 Q1, 20 hedge funds were net buyers of FNGS (8 opened a new position, 12 added to an existing one), while 28 reduced or exited (16 trimmed, 12 sold completely) — a 42% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 39.

Hedge Fund Ownership: FNGS

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

Market Analysis: FNGS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FNGS

-- --

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

Is It Too Late to Buy Bank Montreal Medium (FNGS) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FNGS 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 · 79d ago
FNGS
+27.4%
SPY
+13.9%

FNGS outperformed SPY by +13.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
FNGS
+0.7%
SPY
+0.2%

Since the filing became public, FNGS outperformed SPY by +0.5% .

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.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: FNGS
39 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 39 43 -9.3%
13F Shares 1M 1M -4.63%
Total Value $72M $88M -17.69%
New Positions 8 6 +2
Increased Positions 10 18 -8
Closed Positions 12 7 +5
Reduced Positions 16 11 +5
Total Calls 1 3 -66.67%
Total Puts 2 3 -33.33%
PUT/CALL Ratio 2.0 1.0 Bearish

Statistics: FNGS

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

39 + investors

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

QUARTER:
Top 25 FNGS holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Ethos Capital Management, Inc. 1.58% 30,833 $1.8M
2 Absolute Capital Management, LLC 0.56% 28,100 $1.7M
3 Rhodes Investment Advisors Inc /Adv 0.37% 6,676 $454K
4 Capital Investment Advisory Services, LLC 0.33% 74,890 $4.5M
5 Hbw Advisory Services LLC 0.16% 24,951 $1.5M
6 Independent Financial Group, LLC 0.09% 51,382 $3.1M
7 Gts Securities LLC 0.08% 38,994 $2.3M
8 VestGen Advisors, LLC 0.03% 14,061 $1.0M
9 Snowden Capital Advisors LLC 0.03% 17,450 $1.0M
10 Wealth Enhancement Advisory Services, LLC 0.02% 183,152 $11.2M
11 Osaic Holdings, INC. 0.02% 194,085 $11.6M
12 Mariner, LLC 0.01% 181,309 $10.8M
13 Hrt Financial LP 0.01% 83,678 $5.0M
14 Kingswood Wealth Advisors, LLC 0.01% 4,241 $253K
15 Mml Investors Services, LLC 0.00% 23,790 $1.4M
16 Boothbay Fund Management, LLC 0.00% 4,600 $274K
17 IFP Advisors, Inc 0.00% 2,735 $163K
18 Kestra Advisory Services, LLC 0.00% 13,893 $828K
19 Glen Eagle Advisors, LLC 0.00% 200 $12K
20 Cetera Investment Advisers 0.00% 24,502 $1.5M
21 Rossby Financial, LCC 0.00% 120 $7K
22 Cypress Capital Management LLC (WY) 0.00% 21 $1K
23 Envestnet Asset Management Inc 0.00% 28,160 $1.7M
24 Citadel Advisors LLC 0.00% 44,453 $2.6M
25 Parallel Advisors, LLC 0.00% 276 $16K
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 — Bank Montreal Medium (FNGS)

What does the Smart Money Trend signal show for FNGS?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their FNGS positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for FNGS?

More sellers than buyers — 42% buying: Last quarter: 28 funds reduced or exited vs 20 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for FNGS holders?

Smaller funds dominant — 10% AUM from top-100: 11 of 38 holders rank in the top 100 by AUM, but together hold only 10% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held FNGS?

Mixed — 38% long-term, 26% new: Of the 39 current holders: 15 (38%) held >2 years, 14 held 1–2 years, and 10 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Bank Montreal Medium (FNGS) following the 2026 Q1 hedge fund 13F filings?

As of today, FNGS has moved +0.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +0.5%. Since the quarter end (March 31, 2026), FNGS has gained +27.4% vs +13.9% 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.

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