Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Fs Bancorp Inc (FSBW)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
4Q ▲
Buyers last Q
45%

Smart Money Signals — FSBW

Based on 103 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added FSBW 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
103 hedge funds hold FSBW 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 — +17% more funds vs a year ago

fund count last 6Q
+15 new funds entered over the past year (+17% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 45% buying

34 buying41 selling
Last quarter: 41 funds reduced or exited vs 34 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: 8 → 11 → 6 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 22% medium ■ 19% new
60 out of 103 hedge funds have held FSBW 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.
💎

Buying through price weakness — shares +16%, value -16%

Value
-16%
Shares
+15%
Last quarter: funds added +16% more shares while total portfolio value only changed -16%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

10 → 8 → 11 → 6 → 8 new funds/Q
New funds entering each quarter: 8 → 11 → 6 → 8. FSBW 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 — 58% veterans vs 26% newcomers

■ 58% veterans ■ 16% 1-2yr ■ 26% new
Entry-cohort mix of 103 holders: 60 (58%) are 2+ year veterans, 16 entered 1–2 years ago, and 27 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 34% AUM from major funds

34% from top-100 AUM funds
31 of 103 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.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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 — FSBW

In 2026 Q1, 34 hedge funds were net buyers of FSBW (8 opened a new position, 26 added to an existing one), while 41 reduced or exited (36 trimmed, 5 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 34% of total institutional value in FSBW is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 103.

Hedge Fund Ownership: FSBW

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

Market Analysis: FSBW

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FSBW

-- --

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

Is It Too Late to Buy Fs Bancorp Inc (FSBW) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FSBW has moved relative to its sector benchmark (XLF) 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 · 78d ago
FSBW
+7.6%
XLF
+1220.3%

FSBW outperformed XLF by -1212.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
FSBW
+4.8%
XLF
+4.8%

Since the filing became public, FSBW outperformed XLF by +0.0% .

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.

15 top-rated funds 0 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: FSBW
102 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 102 100 2.0%
13F Shares 5M 4M 15.51%
Total Value $144M $171M -16.1%
New Positions 7 6 +1
Increased Positions 26 28 -2
Closed Positions 5 2 +3
Reduced Positions 36 40 -4
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: FSBW

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Valuation Measures Data as of: --

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

Financial Highlights

Profitability
Profit Margin --
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Diluted EPS (ttm) --
Total Cash (mrq) --
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Institutional Holders (2026 Q1)

102 + investors

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

QUARTER:
Top 25 FSBW holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 De Lisle Partners LLP 1.81% 391,651 $15.2M
2 Pacific Ridge Capital Partners, LLC 1.74% 208,094 $8.0M
3 Stilwell Value LLC 1.67% 72,000 $2.8M
4 Daytona Street Capital LLC 0.98% 32,437 $1.3M
5 Angel Oak Capital Advisors, LLC 0.64% 15,000 $579K
6 Teton Advisors, LLC 0.57% 21,000 $810K
7 Siena Capital Partners GP, LLC 0.52% 52,441 $2.0M
8 Aristides Capital LLC 0.29% 34,437 $1.3M
9 Caldwell Sutter Capital, INC. 0.24% 15,142 $584K
10 Agate Pass Investment Management, LLC 0.08% 5,240 $202K
11 Bridgeway Capital Management, LLC 0.07% 85,294 $3.3M
12 Tcw Group Inc 0.04% 152,029 $5.9M
13 Royce & Associates LP 0.04% 98,086 $3.8M
14 Beese Fulmer Investment Management, INC. 0.02% 8,100 $313K
15 EverSource Wealth Advisors, LLC 0.01% 3,904 $403K
16 Empowered Funds, LLC 0.01% 39,823 $1.5M
17 Clearstead Advisors, LLC 0.01% 20,000 $772K
18 Renaissance Technologies LLC 0.01% 108,885 $4.2M
19 Advisors Asset Management, Inc. 0.00% 4,964 $192K
20 Panagora Asset Management Inc 0.00% 21,700 $837K
21 Trexquant Investment LP 0.00% 11,029 $426K
22 Engineers Gate Manager LP 0.00% 6,054 $234K
23 Root Financial Partners, LLC 0.00% 1,240 $48K
24 McIlrath & Eck, LLC 0.00% 700 $27K
25 Connor, Clark & Lunn Investment Management Ltd. 0.00% 21,950 $847K
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 — Fs Bancorp Inc (FSBW)

What does the Smart Money Trend signal show for FSBW?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added FSBW 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 FSBW?

More sellers than buyers — 45% buying: Last quarter: 41 funds reduced or exited vs 34 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 FSBW holders?

Strong quality — 34% AUM from major funds: 31 of 103 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 FSBW?

58% of holders stayed for 2+ years: 60 out of 103 hedge funds have held FSBW 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 Fs Bancorp Inc (FSBW) following the 2026 Q1 hedge fund 13F filings?

As of today, FSBW has moved +4.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of +0.0%. Since the quarter end (March 31, 2026), FSBW has gained +7.6% vs +1220.3% for XLF. 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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