Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FEDERAL SIGNAL CORP (FSS)

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

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -9
Streak
1Q ▼
Buyers last Q
46%

Smart Money Signals — FSS

Based on 397 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their FSS positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (98% of max)

98% of all-time peak
397 hedge funds hold FSS 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 — +8% more funds vs a year ago

fund count last 6Q
+28 new funds entered over the past year (+8% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 46% buying

183 buying215 selling
Last quarter: 215 funds reduced or exited vs 183 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.
⚠️

Fewer new buyers each quarter (-10 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 48 → 59 → 59 → 49. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

61% of holders stayed for 2+ years

61% conviction (2yr+) 24% medium 15% new
244 out of 397 hedge funds have held FSS 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 — ~49 new funds/quarter

44 → 48 → 59 → 59 → 49 new funds/Q
New funds entering each quarter: 48 → 59 → 59 → 49. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 65% of holders stayed 2+ years

65% veterans 14% 1-2yr 21% new
Of 400 current holders: 259 (65%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
42 of 397 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in FSS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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.

Hedge Fund Ownership: FSS

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

Market Analysis: FSS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FSS

-- --
Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

58 top-rated funds 1 high-conviction
Consensus
7.7
/ 10
breadth
×
Elite
1.6
/ 10
conviction
Hedge Fund Positioning: FSS
2026 Q1 Stats Unlock in 20 days 400 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 400 410 -2.44%
13F Shares 60M 60M -0.51%
Total Value $6.37B $7.04B -9.48%
New Positions 49 59 -10
Increased Positions 139 129 +10
Closed Positions 58 42 +16
Reduced Positions 161 174 -13
Total Calls 2 4 -50.0%
Total Puts 1 2 -50.0%
PUT/CALL Ratio 0.5 0.5 Bullish

Statistics: FSS

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

400 + investors

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

Top 25 institutional holders of FSS — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Conestoga Capital Advisors, LLC 1.86% 860,917 $93.1M
2 DUDLEY & SHANLEY, INC. 1.11% 62,730 $6.8M
3 WASATCH ADVISORS LP 1.08% 1,506,488 $162.9M
4 CARDEROCK CAPITAL MANAGEMENT INC 0.91% 34,202 $3.7M
5 VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.58% 534,020 $57.7M
6 TEALWOOD ASSET MANAGEMENT INC 0.55% 11,083 $1K
7 CONGRESS ASSET MANAGEMENT CO 0.50% 642,360 $69.5M
8 Legacy Wealth Asset Management, LLC 0.33% 12,512 $1.4M
9 TOTAL INVESTMENT MANAGEMENT INC 0.23% 18,364 $2.0M
10 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.16% 270,471 $29.2M
11 R Squared Ltd 0.14% 2,438 $264K
12 NJ State Employees Deferred Compensation Plan 0.13% 10,000 $1.2M
13 LGT Financial Advisors LLC 0.11% 203 $22K
14 Accurate Wealth Management, LLC 0.09% 6,140 $706K
15 ALBION FINANCIAL GROUP /UT 0.07% 10,083 $1.1M
16 Ifrah Financial Services, Inc. 0.07% 2,456 $266K
17 Handelsbanken Fonder AB 0.07% 185,760 $20K
18 OPPENHEIMER ASSET MANAGEMENT INC. 0.06% 48,787 $5.3M
19 Louisiana State Employees Retirement System 0.05% 27,000 $3K
20 Richard Bernstein Advisors LLC 0.04% 11,883 $1.3M
21 State of Alaska, Department of Revenue 0.04% 30,012 $3K
22 PRAXIS INVESTMENT MANAGEMENT INC 0.03% 4,740
23 Central Pacific Bank - Trust Division 0.02% 1,800 $195K
24 Brooklyn Investment Group 0.02% 7,310 $790K
25 OP Asset Management Ltd 0.02% 18,181 $2.3M
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 — FEDERAL SIGNAL CORP (FSS)

What does the Smart Money Trend signal show for FSS?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their FSS 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 FSS?

More sellers than buyers — 46% buying: Last quarter: 215 funds reduced or exited vs 183 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 FSS holders?

Elite ownership — 46% AUM from top-100 funds: 42 of 397 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in FSS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held FSS?

61% of holders stayed for 2+ years: 244 out of 397 hedge funds have held FSS 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.