Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Hesai Group (HSAI)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
1Q ▲
Buyers last Q
51%

Smart Money Signals — HSAI

Based on 134 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added HSAI 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 (97% of max)

97% of all-time peak
134 hedge funds hold HSAI 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.
🚀

Fast accumulation — +38% more funds vs a year ago

fund count last 6Q
+37 new funds entered over the past year (+38% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 51% buying

80 buying77 selling
Last quarter: 80 funds bought or added vs 77 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~34 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 35 → 57 → 37 → 34. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 46% entered in last year

■ 21% conviction (2yr+) ■ 33% medium ■ 46% new
Only 28 funds (21%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎

Buying through price weakness — shares -3%, value -20%

Value
-20%
Shares
-2%
Last quarter: funds added -3% 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.
📊

Peak discovery — momentum slowing

43 → 35 → 57 → 37 → 34 new funds/Q
New funds entering each quarter: 35 → 57 → 37 → 34. HSAI is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🌱

Early stage — 62% of holders entered in last year

■ 28% veterans ■ 9% 1-2yr ■ 62% new
Of 144 current holders: 90 (62%) entered in the past year, only 41 (28%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
🏆

Elite ownership — 56% AUM from top-100 funds

56% from top-100 AUM funds
30 of 130 holders are among the 100 largest funds by AUM, controlling 56% of total institutional value in HSAI. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 — HSAI

In 2026 Q1, 80 hedge funds were net buyers of HSAI (34 opened a new position, 46 added to an existing one), while 77 reduced or exited (46 trimmed, 31 sold completely) — a 51% buyer ratio, indicating a slight buying edge. 56% of total institutional value in HSAI is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 134.

Hedge Fund Ownership: HSAI

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

Market Analysis: HSAI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: HSAI

-- --

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

Is It Too Late to Buy Hesai Group (HSAI) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much HSAI has moved relative to its sector benchmark (XLY) 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 · 77d ago
HSAI
-8.0%
XLY
+8.9%

HSAI outperformed XLY by -16.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 32d ago
HSAI
-21.6%
XLY
+1.9%

Since the filing became public, HSAI outperformed XLY by -23.5% .

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.

11 top-rated funds 1 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
1.6
/ 10
conviction
Hedge Fund Positioning: HSAI
134 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 134 131 2.29%
13F Shares 45M 46M -2.95%
Total Value $814M $1.02B -20.19%
New Positions 34 37 -3
Increased Positions 40 44 -4
Closed Positions 31 44 -13
Reduced Positions 44 38 +6
Total Calls 6 6 -
Total Puts 8 7 14.29%
PUT/CALL Ratio 1.33 1.17 Bearish

Statistics: HSAI

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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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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Income Statement & Cash Flow
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Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

134 + investors

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

QUARTER:
Top 25 HSAI holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 First Trust Bank, Ltd. 6.81% 181,290 $3.5M
2 Broad Peak Investment Advisers Pte Ltd 3.36% 865,000 $16.5M
3 Wexford Capital LP 2.22% 799,985 $15.3M
4 Long Corridor Asset Management Ltd 2.07% 445,000 $8.5M
5 Carrhae Capital LLP 0.90% 1,568,343 $30.0M
6 Aristides Capital LLC 0.67% 162,466 $3.1M
7 Fosun International Ltd 0.65% 136,090 $2.6M
8 Gruss & Co., LLC 0.45% 10,000 $191K
9 Cvfg LLC 0.44% 186,930 $3.6M
10 Themes Management Co LLC 0.37% 31,346 $599K
11 Robeco Schweiz AG 0.34% 840,385 $16.1M
12 Eschler Asset Management LLP 0.33% 17,300 $331K
13 Ghisallo Capital Management LLC 0.32% 600,000 $11.5M
14 XY Capital Ltd 0.27% 14,060 $269K
15 Sapient Capital LLC 0.20% 710,125 $13.6M
16 Knollwood Investment Advisory, LLC 0.19% 96,346 $1.8M
17 Navellier & Associates Inc 0.18% 92,835 $1.8M
18 Himension Capital (singapore) PTE. LTD. 0.16% 106,108 $2.0M
19 Redwood Wealth Management Group, LLC 0.13% 16,340 $312K
20 Schroder Investment Management Group 0.12% 7,936,581 $140.7M
21 SRS Investment Management, LLC 0.11% 559,706 $10.7M
22 Empowered Funds, LLC 0.07% 584,999 $11.2M
23 Harbour Capital Advisors, LLC 0.07% 17,200 $372K
24 Triglav Investments, D.O.O. 0.06% 48,570 $929K
25 HITE Hedge Asset Management LLC 0.05% 44,896 $858K
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 — Hesai Group (HSAI)

What does the Smart Money Trend signal show for HSAI?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added HSAI 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 HSAI?

Slight buying edge — 51% buying: Last quarter: 80 funds bought or added vs 77 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for HSAI holders?

Elite ownership — 56% AUM from top-100 funds: 30 of 130 holders are among the 100 largest funds by AUM, controlling 56% of total institutional value in HSAI. 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 HSAI?

Mostly new holders — 46% entered in last year: Only 28 funds (21%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Hesai Group (HSAI) following the 2026 Q1 hedge fund 13F filings?

As of today, HSAI has moved -21.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.9% for the XLY sector ETF — an outperformance of -23.5%. Since the quarter end (March 31, 2026), HSAI has gained -8.0% vs +8.9% for XLY. 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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