Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Incyte Corp (INCY)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +47
Streak
1Q ▲
Buyers last Q
58%

Smart Money Signals — INCY

Based on 860 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added INCY 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 (100% of max)

100% of all-time peak
860 hedge funds hold INCY 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 — +33% more funds vs a year ago

fund count last 6Q
+211 new funds entered over the past year (+33% 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 — 58% buying

486 buying359 selling
Last quarter: 486 funds bought or added vs 359 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.
📈

More new buyers each quarter (+15 vs last Q)

new funds entering per quarter
Funds opening a new INCY position: 126 → 184 → 113 → 128. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 21% medium ■ 24% new
474 out of 860 hedge funds have held INCY 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.
📊

Peak discovery — momentum slowing

103 → 126 → 184 → 113 → 128 new funds/Q
New funds entering each quarter: 126 → 184 → 113 → 128. INCY 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 — 61% veterans vs 28% newcomers

■ 61% veterans ■ 11% 1-2yr ■ 28% new
Entry-cohort mix of 875 holders: 536 (61%) are 2+ year veterans, 94 entered 1–2 years ago, and 245 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 52% AUM from top-100 funds

52% from top-100 AUM funds
68 of 855 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in INCY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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 — INCY

In 2026 Q2, 486 hedge funds were net buyers of INCY (128 opened a new position, 358 added to an existing one), while 359 reduced or exited (278 trimmed, 81 sold completely) — a 58% buyer ratio, indicating a slight buying edge. 52% of total institutional value in INCY is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +47 funds (more new holders than closures). Total institutional holders: 860.

Hedge Fund Ownership: INCY

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

Market Analysis: INCY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: INCY

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

29 top-rated funds 6 high-conviction
Consensus
6.4
/ 10
breadth
×
Elite
3.5
/ 10
conviction
Hedge Fund Positioning: INCY
847 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 847 813 4.18%
13F Shares 202M 203M -0.55%
Total Value $21.80B $18.24B 19.52%
New Positions 126 113 +13
Increased Positions 349 317 +32
Closed Positions 87 118 -31
Reduced Positions 274 287 -13
Total Calls 12 15 -20.0%
Total Puts 8 10 -20.0%
PUT/CALL Ratio 0.67 0.67 Bullish

Statistics: INCY

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Institutional Holders (2026 Q2)

847 + investors

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

QUARTER:
Top 25 INCY holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Baker BROS. Advisors LP 17.48% 30,762,330 $3.49B
2 Nan Fung Group Holdings Ltd 4.63% 53,742 $6.1M
3 Sector Gamma As 4.20% 170,753 $19.4M
4 Catalio Capital Management, LP 4.08% 191,627 $21.7M
5 Trails Edge Capital Partners, LP 2.79% 155,000 $17.6M
6 Sound Shore Management Inc /Ct/ 2.64% 757,723 $85.9M
7 GordonMD Global Investments LP 2.38% 43,300 $4.9M
8 Sawgrass Asset Management LLC 2.28% 152,176 $17.3M
9 Ashford Capital Management Inc 2.21% 182,177 $20.7M
10 AIMZ Investment Advisors, LLC 2.03% 65,133 $7.4M
11 O'Neil Global Advisors, Inc. 1.93% 75,950 $8.6M
12 Board of the Pension Protection Fund 1.89% 17,600 $2.0M
13 Atle Fund Management AB 1.74% 56,953 $6.5M
14 Haven Capital Group, Inc. 1.68% 18,501 $2.1M
15 Diadema Partners LP 1.51% 105,400 $11.9M
16 JGP Global Gestao de Recursos Ltda. 1.41% 5,620 $637K
17 Element Squared LLC 1.40% 24,786 $2.8M
18 AlphaCentric Advisors LLC 1.39% 14,451 $1.6M
19 Millington Financial Advisors, LLC 1.35% 29,229 $3.4M
20 Eddie Patel Inc 1.25% 18,439 $2.1M
21 Armistice Capital, LLC 1.25% 900,005 $102.0M
22 Northwest Bancshares, Inc. 1.11% 54,307 $6.2M
23 Hussman Strategic Advisors, INC. 1.10% 42,000 $4.8M
24 WINTON GROUP Ltd 0.93% 254,408 $28.8M
25 Applied Finance Capital Management, LLC 0.90% 106,768 $12.1M
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 — Incyte Corp (INCY)

What does the Smart Money Trend signal show for INCY?

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

Slight buying edge — 58% buying: Last quarter: 486 funds bought or added vs 359 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 INCY holders?

Elite ownership — 52% AUM from top-100 funds: 68 of 855 holders are among the 100 largest funds by AUM, controlling 52% of total institutional value in INCY. 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 INCY?

55% of holders stayed for 2+ years: 474 out of 860 hedge funds have held INCY 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.

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