Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Inogen Inc (INGN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -5
Streak
2Q ▼
Buyers last Q
48%

Smart Money Signals — INGN

Based on 124 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their INGN 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 — 93% of 3.0Y peak

93% of all-time peak
124 funds currently hold this stock — 93% of the 3.0-year high of 133 funds (reached 2023 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding INGN is almost the same as a year ago (-3 funds, -2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 48% buying

64 buying69 selling
Last quarter: 69 funds reduced or exited vs 64 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 — ~22 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 13 → 22 → 18 → 22. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

69% of holders stayed for 2+ years

■ 69% conviction (2yr+) ■ 14% medium ■ 17% new
86 out of 124 hedge funds have held INGN 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.
📈

Growing discovery — still being found

18 → 13 → 22 → 18 → 22 new funds/Q
New funds entering each quarter: 13 → 22 → 18 → 22. A growing number of institutions are discovering INGN each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 70% veterans vs 19% newcomers

■ 70% veterans ■ 10% 1-2yr ■ 19% new
Entry-cohort mix of 124 holders: 87 (70%) are 2+ year veterans, 13 entered 1–2 years ago, and 24 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 34% AUM from major funds

34% from top-100 AUM funds
32 of 124 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 — INGN

In 2026 Q1, 64 hedge funds were net buyers of INGN (22 opened a new position, 42 added to an existing one), while 69 reduced or exited (42 trimmed, 27 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 34% of total institutional value in INGN is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -5 funds (more exits than new entries). Total institutional holders: 124.

Hedge Fund Ownership: INGN

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

Market Analysis: INGN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: INGN

-- --

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

Is It Too Late to Buy Inogen Inc (INGN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much INGN 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 · 77d ago
INGN
+4.5%
XLV
nan%

INGN outperformed XLV by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 32d ago
INGN
+1.1%
XLV
nan%

Since the filing became public, INGN outperformed XLV by nan% .

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.

14 top-rated funds 0 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: INGN
123 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 123 129 -4.65%
13F Shares 19M 19M -0.72%
Total Value $110M $126M -13.1%
New Positions 21 18 +3
Increased Positions 42 37 +5
Closed Positions 27 19 +8
Reduced Positions 42 54 -12
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: INGN

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Valuation Measures Data as of: --

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

Financial Highlights

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Institutional Holders (2026 Q1)

123 + investors

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

QUARTER:
Top 25 INGN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Peapod Lane Capital LLC 1.31% 258,645 $1.6M
2 DAFNA Capital Management LLC 1.19% 845,179 $5.2M
3 Perkins Capital Management Inc 1.16% 199,600 $1.2M
4 Monaco Asset Management SAM 0.20% 175,742 $1.1M
5 Armistice Capital, LLC 0.13% 1,200,000 $7.4M
6 Moore Capital Management, LP 0.04% 279,899 $1.7M
7 Divisadero Street Capital Management, LP 0.02% 88,136 $545K
8 Bridgeway Capital Management, LLC 0.02% 165,051 $1.0M
9 ExodusPoint Capital Management, LP 0.02% 330,441 $2.0M
10 AlphaQuest LLC 0.01% 37,237 $250K
11 Campbell & CO Investment Adviser LLC 0.01% 30,932 $191K
12 Tocqueville Asset Management L.P. 0.01% 93,350 $577K
13 Jacobs Levy Equity Management, Inc 0.01% 296,969 $1.8M
14 Prelude Capital Management, LLC 0.01% 16,258 $100K
15 Federated Hermes, INC. 0.01% 514,656 $3.2M
16 Point72 Asset Management, L.P. 0.01% 642,366 $4.0M
17 Renaissance Technologies LLC 0.00% 478,800 $3.0M
18 Trexquant Investment LP 0.00% 94,180 $582K
19 XTX Topco Ltd 0.00% 33,290 $206K
20 AlphaCore Capital LLC 0.00% 20,679 $128K
21 Prudential Financial Inc 0.00% 369,070 $2.3M
22 Engineers Gate Manager LP 0.00% 32,954 $204K
23 Tudor Investment Corp Et Al 0.00% 197,729 $1.2M
24 Arrowstreet Capital, Limited Partnership 0.00% 586,159 $3.6M
25 Credit Agricole S A 0.00% 112,000 $692K
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 — Inogen Inc (INGN)

What does the Smart Money Trend signal show for INGN?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their INGN 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 INGN?

More sellers than buyers — 48% buying: Last quarter: 69 funds reduced or exited vs 64 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 INGN holders?

Strong quality — 34% AUM from major funds: 32 of 124 holders rank in the top 100 by AUM, accounting for 34% 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 INGN?

69% of holders stayed for 2+ years: 86 out of 124 hedge funds have held INGN 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 Inogen Inc (INGN) following the 2026 Q1 hedge fund 13F filings?

As of today, INGN has moved +1.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to nan% for the XLV sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), INGN has gained +4.5% vs nan% 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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