Ishares Tr (INDY): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Ishares Tr (INDY) following the 2026 Q1 hedge fund 13F filings?

As of today, INDY has moved +2.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the SPY sector ETF — an outperformance of +0.5%. Since the quarter end (March 31, 2026), INDY gained +2.9% vs +15.9% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Ishares Tr (INDY)

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

Smart Money Signals — INDY

Based on 87 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 INDY positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

📊

High ownership — 88% of 3.0Y peak

88% of all-time peak

87 funds currently hold this stock — 88% of the 3.0-year high of 99 funds (reached 2024 Q2). 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

8 fewer hedge funds hold INDY 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 — 46% buying

34 buying40 selling

Last quarter: 40 funds reduced or exited vs 34 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 (-6 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 15 → 10 → 17 → 11. 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.

🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 26% medium ■ 13% new

53 out of 87 hedge funds have held INDY 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 +3%, value -13%

Value

-12%

+3%

Last quarter: funds added +3% more shares while total portfolio value only changed -13%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

📈

Growing discovery — still being found

15 → 15 → 10 → 17 → 11 new funds/Q

New funds entering each quarter: 15 → 10 → 17 → 11. A growing number of institutions are discovering INDY each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Veteran-anchored — 64% veterans vs 21% newcomers

■ 64% veterans ■ 15% 1-2yr ■ 21% new

Entry-cohort mix of 87 holders: 56 (64%) are 2+ year veterans, 13 entered 1–2 years ago, and 18 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 29% AUM from major funds

29% from top-100 AUM funds

20 of 87 holders rank in the top 100 by AUM, accounting for 29% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

2.9

out of 10

Low Exit Risk

Exit risk score 2.9/10 — 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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	86	96	-10.42%
13F Shares	4M	4M	3.21%
Total Value	$181M	$208M	-12.97%
New Positions	10	17	-7
Increased Positions	23	30	-7
Closed Positions	20	16	+4
Reduced Positions	20	18	+2
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

-10.42%

13F Shares

3.21%

Total Value

$181M

$208M

-12.97%

New Positions

-7

Increased Positions

-7

Closed Positions

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

86 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 INDY holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Cypress Capital Group	0.33%	69,835	$2.9M
2	Finley Financial, LLC	0.18%	8,890	$376K
3	Viewpoint Capital Management LLC	0.12%	6,005	$254K
4	Old Mission Capital LLC	0.10%	142,499	$6.0M
5	KFA Private Wealth Group, LLC	0.08%	8,314	$351K
6	Carret Asset Management, LLC	0.06%	14,176	$599K
7	Pitcairn Wealth Advisors LLC	0.05%	11,690	$576K
8	Quadrature Capital Ltd	0.05%	101,591	$4.3M
9	Pitcairn Co	0.05%	11,690	$595K
10	Activest Wealth Management	0.04%	4,808	$203K
11	Wellington Grp LLC	0.04%	2,165	$107K
12	Boreal Capital Management LLC	0.03%	960	$41K
13	Patriot Investment Management Group, INC.	0.02%	7,494	$317K
14	Thompson Investment Management, INC.	0.01%	2,714	$115K
15	Webster Bank, N. A.	0.01%	3,560	$150K
16	Banque Pictet & Cie SA	0.01%	30,000	$1.3M
17	Evoke Wealth, LLC	0.01%	8,865	$374K
18	Nomura Asset Management International INC.	0.01%	73,224	$3.1M
19	Old Second National Bank of Aurora	0.01%	600	$25K
20	Breakwater Investment Management	0.00%	316	$13K
21	Clearstead Advisors, LLC	0.00%	8,982	$379K
22	Signaturefd, LLC	0.00%	4,511	$191K
23	Summit Financial, LLC	0.00%	5,251	$222K
24	Gilpin Wealth Management, LLC	0.00%	75	$3K
25	Private Trust Co NA	0.00%	609	$26K

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 — Ishares Tr (INDY)

What does the Smart Money Trend signal show for INDY?

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

More sellers than buyers — 46% buying: Last quarter: 40 funds reduced or exited vs 34 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 INDY holders?

Strong quality — 29% AUM from major funds: 20 of 87 holders rank in the top 100 by AUM, accounting for 29% 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 INDY?

61% of holders stayed for 2+ years: 53 out of 87 hedge funds have held INDY 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 Ishares Tr (INDY) following the 2026 Q1 hedge fund 13F filings?

As of today, INDY has moved +2.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the SPY sector ETF — an outperformance of +0.5%. Since the quarter end (March 31, 2026), INDY has gained +2.9% vs +15.9% for SPY. 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.

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Ishares Tr (INDY)

Smart Money Signals — INDY

Selling streak — 1 quarter in a row

High ownership — 88% of 3.0Y peak

Outflows — 8% fewer funds vs a year ago

More sellers than buyers — 46% buying

Fewer new buyers each quarter (-6 vs last Q)

61% of holders stayed for 2+ years

Buying through price weakness — shares +3%, value -13%

Growing discovery — still being found

Veteran-anchored — 64% veterans vs 21% newcomers

Strong quality — 29% AUM from major funds

Institutional Sentiment Summary — INDY

Hedge Fund Ownership: INDY

Market Analysis: INDY

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: INDY

Is It Too Late to Buy Ishares Tr (INDY) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: INDY

Statistics: INDY

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Ishares Tr (INDY)

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