Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Icon plc (ICLR)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -87
Streak
1Q ▼
Buyers last Q
43%

Smart Money Signals — ICLR

Based on 417 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their ICLR 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 64% of 3.0Y high

64% of all-time peak
Only 417 funds hold ICLR today versus a peak of 652 funds at 2024 Q2 — just 64% 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 — 23% fewer funds vs a year ago

fund count last 6Q
127 fewer hedge funds hold ICLR compared to a year ago (-23% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 43% buying

229 buying300 selling
Last quarter: 300 funds reduced or exited vs 229 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: 74 → 90 → 83 → 73. 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.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 18% medium ■ 22% new
249 out of 417 hedge funds have held ICLR 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 +1%, value -38%

Value
-38%
Shares
+1%
Last quarter: funds added +1% more shares while total portfolio value only changed -38%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~73 new funds/quarter

74 → 74 → 90 → 83 → 73 new funds/Q
New funds entering each quarter: 74 → 90 → 83 → 73. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 63% veterans vs 25% newcomers

■ 63% veterans ■ 12% 1-2yr ■ 25% new
Entry-cohort mix of 436 holders: 275 (63%) are 2+ year veterans, 53 entered 1–2 years ago, and 108 (25%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
51 of 412 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.1
out of 10
Low Exit Risk
Exit risk score 2.1/10 — 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 — ICLR

In 2026 Q1, 229 hedge funds were net buyers of ICLR (73 opened a new position, 156 added to an existing one), while 300 reduced or exited (140 trimmed, 160 sold completely) — a 43% buyer ratio, indicating roughly balanced activity. 39% of total institutional value in ICLR is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -87 funds (more exits than new entries). Total institutional holders: 417.

Hedge Fund Ownership: ICLR

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

Market Analysis: ICLR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ICLR

-- --

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

Is It Too Late to Buy Icon plc (ICLR) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ICLR 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 · 75d ago
ICLR
+31.4%
XLV
+4.9%

ICLR outperformed XLV by +26.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
ICLR
+24.9%
XLV
+6.0%

Since the filing became public, ICLR outperformed XLV by +18.9% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

25 top-rated funds 10 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
5.1
/ 10
conviction
Hedge Fund Positioning: ICLR
414 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 414 504 -17.86%
13F Shares 79M 78M 1.0%
Total Value $8.71B $14.15B -38.43%
New Positions 72 83 -11
Increased Positions 155 152 +3
Closed Positions 162 83 +79
Reduced Positions 135 191 -56
Total Calls 11 7 57.14%
Total Puts 12 4 200.0%
PUT/CALL Ratio 1.09 0.57 Neutral

Statistics: ICLR

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Valuation Measures Data as of: --

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

Financial Highlights

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

414 + investors

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

QUARTER:
Top 25 ICLR holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Perry Creek Capital LP 16.89% 245,000 $27.1M
2 Trinity Street Asset Management LLP 9.17% 1,208,148 $133.7M
3 Brave Warrior Advisors, LLC 8.21% 2,996,811 $331.6M
4 Hyperion Capital Advisors LP 7.59% 142,455 $15.8M
5 Circumference Group LLC 7.19% 29,000 $3.2M
6 Eagle Health Investments LP 6.94% 358,500 $39.7M
7 Madison Avenue Partners, LP 6.17% 1,282,838 $142.0M
8 Sachem Head Capital Management LP 5.61% 2,105,000 $232.9M
9 Lakewood Capital Management, LP 5.23% 747,700 $82.7M
10 Hudson Edge Investment Partners INC. 5.16% 319,003 $35.3M
11 Sio Capital Management, LLC 4.86% 306,358 $33.9M
12 Eldred Rock Partners, LLC 3.79% 134,469 $14.9M
13 Greenhaven Associates Inc 3.65% 2,002,411 $221.6M
14 Impactive Capital LP 3.62% 450,540 $49.9M
15 Ruane, Cunniff & Goldfarb L.P. 3.00% 1,634,611 $180.9M
16 Zuckerman Investment Group, LLC 2.92% 280,992 $31.1M
17 Steamboat Capital Partners, LLC 2.76% 100,299 $11.1M
18 Brown Capital Management LLC 2.48% 158,018 $17.5M
19 Equity Investment Corp 2.38% 1,096,395 $121.3M
20 Sound Shore Management Inc /Ct/ 2.32% 626,958 $69.4M
21 Heights Point Management, LP 2.23% 21,700 $2.4M
22 Firetrail Investments Pty Ltd 2.18% 57,624 $6.4M
23 Muhlenkamp & Co Inc 1.92% 66,005 $7.3M
24 Rangeley Capital, LLC 1.90% 17,700 $2.0M
25 Stanley Capital Management, LLC 1.85% 100,000 $11.1M
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 — Icon plc (ICLR)

What does the Smart Money Trend signal show for ICLR?

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

More sellers than buyers — 43% buying: Last quarter: 300 funds reduced or exited vs 229 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 ICLR holders?

Strong quality — 39% AUM from major funds: 51 of 412 holders rank in the top 100 by AUM, accounting for 39% 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 ICLR?

60% of holders stayed for 2+ years: 249 out of 417 hedge funds have held ICLR 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 Icon plc (ICLR) following the 2026 Q1 hedge fund 13F filings?

As of today, ICLR has moved +24.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.0% for the XLV sector ETF — an outperformance of +18.9%. Since the quarter end (March 31, 2026), ICLR has gained +31.4% vs +4.9% for XLV. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to 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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