Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Hutchmed China Ltd (HCM)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +5
Streak
2Q ▲
Buyers last Q
48%

Smart Money Signals — HCM

Based on 56 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added HCM 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.
📊

High ownership — 82% of 3.0Y peak

82% of all-time peak
56 funds currently hold this stock — 82% of the 3.0-year high of 68 funds (reached 2023 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 8% fewer funds vs a year ago

fund count last 6Q
5 fewer hedge funds hold HCM compared to a year ago (-8% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 48% buying

24 buying26 selling
Last quarter: 26 funds reduced or exited vs 24 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 — ~10 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 3 → 3 → 10 → 10. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 14% medium ■ 21% new
36 out of 56 hedge funds have held HCM 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 +5%, value -20%

Value
-20%
Shares
+4%
Last quarter: funds added +5% more shares while total portfolio value only changed -20%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~10 new funds/quarter

9 → 3 → 3 → 10 → 10 new funds/Q
New funds entering each quarter: 3 → 3 → 10 → 10. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 66% veterans vs 23% newcomers

■ 66% veterans ■ 11% 1-2yr ■ 23% new
Entry-cohort mix of 56 holders: 37 (66%) are 2+ year veterans, 6 entered 1–2 years ago, and 13 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 54% AUM from top-100 funds

54% from top-100 AUM funds
20 of 56 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in HCM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.7
out of 10
Low Exit Risk
Exit risk score 2.7/10 — 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 — HCM

In 2026 Q2, 24 hedge funds were net buyers of HCM (10 opened a new position, 14 added to an existing one), while 26 reduced or exited (21 trimmed, 5 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. Net buying has persisted for two consecutive quarters, a positive momentum signal. 54% of total institutional value in HCM is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +5 funds (more new holders than closures). Total institutional holders: 56.

Hedge Fund Ownership: HCM

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

Market Analysis: HCM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: HCM

-- --

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

Is It Too Late to Buy Hutchmed China Ltd (HCM) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much HCM has moved relative to its sector benchmark (XLV) since the 2026 Q3 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 September 30, 2026 · 45d ago
HCM
+1.5%
XLV
+11.8%

HCM outperformed XLV by -10.3% since September 30, 2026.

Since 13F Filing Date November 14, 2026 · 0d ago
HCM
+0.0%
XLV
+0.0%

Since the filing became public, HCM outperformed XLV 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.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: HCM
2026 Q3 Stats Unlock in 5 days 56 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 56 51 9.8%
13F Shares 4M 4M 4.91%
Total Value $51M $64M -20.0%
New Positions 10 10 -
Increased Positions 14 14 -
Closed Positions 5 6 -1
Reduced Positions 21 17 +4
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: HCM

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
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 Q3)

56 + investors

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

QUARTER:
2026 Q3 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 HCM holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 SmartHarvest Portfolios, LLC 0.09% 15,514 $227K
2 AIA Group Ltd 0.05% 266,658 $3.9M
3 Abc Arbitrage SA 0.03% 21,173 $310K
4 Crossmark Global Holdings, Inc. 0.02% 106,185 $1.6M
5 M&G Plc 0.02% 237,882 $3.6M
6 Superior Planning, LLC 0.01% 838 $12K
7 Orion Porfolio Solutions, LLC 0.00% 51,393 $752K
8 Silver Grove Financial Group, Inc. 0.00% 413 $6K
9 Cornerstone Financial Management LLC 0.00% 222 $3K
10 Renaissance Technologies LLC 0.00% 116,100 $1.7M
11 Bell Investment Advisors, Inc 0.00% 854 $12K
12 Amundi 0.00% 134,631 $2.0M
13 BNP Paribas Financial Markets 0.00% 72,998 $1.1M
14 North Star Investment Management Corp. 0.00% 379 $6K
15 Jane Street Group, LLC 0.00% 235,028 $3.4M
16 Larson Financial Group LLC 0.00% 707 $10K
17 Physician Wealth Advisors, Inc. 0.00% 144 $2K
18 Mariner, LLC 0.00% 13,502 $197K
19 Pinnacle Wealth Planning Services, Inc. 0.00% 124 $2K
20 UBS Group AG 0.00% 66,537 $973K
21 EverSource Wealth Advisors, LLC 0.00% 147 $2K
22 Russell Investments Group, Ltd. 0.00% 4,805 $68K
23 Arax Advisory Partners 0.00% 505 $7K
24 Rhumbline Advisers 0.00% 3,776 $55K
25 Jpmorgan Chase & Co 0.00% 48,851 $691K
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 — Hutchmed China Ltd (HCM)

What does the Smart Money Trend signal show for HCM?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added HCM 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 HCM?

More sellers than buyers — 48% buying: Last quarter: 26 funds reduced or exited vs 24 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 HCM holders?

Elite ownership — 54% AUM from top-100 funds: 20 of 56 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in HCM. 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 HCM?

64% of holders stayed for 2+ years: 36 out of 56 hedge funds have held HCM 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 Hutchmed China Ltd (HCM) following the 2026 Q3 hedge fund 13F filings?

As of today, HCM has moved +0.0% since the 2026 Q3 13F filing date (November 14, 2026), compared to +0.0% for the XLV sector ETF — an outperformance of +0.0%. Since the quarter end (September 30, 2026), HCM has gained +1.5% vs +11.8% for XLV. 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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