Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Werewolf Therapeutics Inc (HOWL)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
5Q ▼
Buyers last Q
41%

Smart Money Signals — HOWL

Based on 47 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 5 quarters in a row

last 6Q
For 5 consecutive quarters, more hedge funds reduced or closed their HOWL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 65% of 3.0Y high

65% of all-time peak
Only 47 funds hold HOWL today versus a peak of 72 funds at 2024 Q4 — just 65% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 34% fewer funds vs a year ago

fund count last 6Q
24 fewer hedge funds hold HOWL compared to a year ago (-34% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 41% buying

17 buying24 selling
Last quarter: 24 funds reduced or exited vs 17 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: 17 → 8 → 6 → 10. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 17% medium ■ 30% new
25 out of 47 hedge funds have held HOWL 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 -97%

Value
-97%
Shares
-5%
Last quarter: funds added -5% more shares while total portfolio value only changed -97%. 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 → 17 → 8 → 6 → 10 new funds/Q
New funds entering each quarter: 17 → 8 → 6 → 10. HOWL 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 — 55% veterans vs 30% newcomers

■ 55% veterans ■ 15% 1-2yr ■ 30% new
Entry-cohort mix of 47 holders: 26 (55%) are 2+ year veterans, 7 entered 1–2 years ago, and 14 (30%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 9% AUM from top-100

9% from top-100 AUM funds
18 of 47 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
2.4
out of 10
Low Exit Risk
Exit risk score 2.4/10 — 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 — HOWL

In 2026 Q1, 17 hedge funds were net buyers of HOWL (10 opened a new position, 7 added to an existing one), while 24 reduced or exited (12 trimmed, 12 sold completely) — a 41% buyer ratio, indicating roughly balanced activity. This extends a 5-quarter selling streak, suggesting sustained institutional caution. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 47.

Hedge Fund Ownership: HOWL

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

Market Analysis: HOWL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: HOWL

-- --

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

Is It Too Late to Buy Werewolf Therapeutics Inc (HOWL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much HOWL has moved relative to its sector benchmark (XLV) 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
HOWL
-58.7%
XLV
+2.1%

HOWL outperformed XLV by -60.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
HOWL
-33.2%
XLV
+3.2%

Since the filing became public, HOWL outperformed XLV by -36.4% .

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.

6 top-rated funds 0 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: HOWL
47 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 47 49 -4.08%
13F Shares 14M 15M -5.0%
Total Value $12M $382M -96.95%
New Positions 10 6 +4
Increased Positions 7 14 -7
Closed Positions 12 19 -7
Reduced Positions 12 16 -4
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: HOWL

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Valuation Measures Data as of: --

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

Financial Highlights

Profitability
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

47 + investors

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

QUARTER:
Top 25 HOWL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 DC Funds, LP 33.01% 589,102 $490K
2 Squadron Capital Management LLC 0.17% 563,535 $469K
3 Lynx1 Capital Management LP 0.09% 657,786 $548K
4 Sphera Funds Management LTD. 0.08% 626,810 $522K
5 MPM BioImpact LLC 0.08% 1,208,810 $1.0M
6 Ra Capital Management, L.P. 0.06% 6,681,307 $5.6M
7 Verdad Advisers, LP 0.03% 29,760 $25K
8 Ranch Capital Advisors Inc. 0.00% 12,000 $10K
9 Delta Investment Management, LLC 0.00% 14,925 $12K
10 Financial Perspectives, Inc 0.00% 6,750 $6K
11 Bridgeway Capital Management, LLC 0.00% 77,000 $64K
12 Certuity, LLC 0.00% 15,000 $12K
13 XTX Topco Ltd 0.00% 50,929 $42K
14 Renaissance Technologies LLC 0.00% 516,218 $430K
15 TFC Financial Management, Inc. 0.00% 4,500 $4K
16 Larson Financial Group LLC 0.00% 13,052 $11K
17 Alyeska Investment Group, L.P. 0.00% 86,554 $72K
18 HBK Sorce Advisory LLC 0.00% 13,227 $9K
19 Millennium Management LLC 0.00% 132,050 $110K
20 Hrt Financial LP 0.00% 17,861 $14K
21 Vanguard Fiduciary Trust Co 0.00% 157,726 $131K
22 Vanguard Capital Management LLC 0.00% 1,217,976 $1.0M
23 Simplex Trading, LLC 0.00% 32,526 $27K
24 Bank of America Corp /de/ 0.00% 264,583 $220K
25 Two Sigma Advisers, LP 0.00% 10,300 $7K
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 — Werewolf Therapeutics Inc (HOWL)

What does the Smart Money Trend signal show for HOWL?

Selling streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds reduced or closed their HOWL 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 HOWL?

More sellers than buyers — 41% buying: Last quarter: 24 funds reduced or exited vs 17 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 HOWL holders?

Smaller funds dominant — 9% AUM from top-100: 18 of 47 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held HOWL?

53% of holders stayed for 2+ years: 25 out of 47 hedge funds have held HOWL 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 Werewolf Therapeutics Inc (HOWL) following the 2026 Q1 hedge fund 13F filings?

As of today, HOWL has moved -33.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +3.2% for the XLV sector ETF — an outperformance of -36.4%. Since the quarter end (March 31, 2026), HOWL has gained -58.7% vs +2.1% 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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