Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innovage Hldg Corp (INNV)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +23
Streak
2Q ▲
Buyers last Q
70%

Smart Money Signals — INNV

Based on 100 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added INNV 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
100 hedge funds hold INNV 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 — +72% more funds vs a year ago

fund count last 6Q
+42 new funds entered over the past year (+72% 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.
🟢

More buyers than sellers — 70% buying

70 buying30 selling
Last quarter: 70 funds were net buyers (34 opened a brand new position + 36 added to an existing one). Only 30 were sellers (19 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+13 vs last Q)

new funds entering per quarter
Funds opening a new INNV position: 10 → 7 → 21 → 34. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 33% long-term, 49% new

■ 33% conviction (2yr+) ■ 18% medium ■ 49% new
Of the 100 current holders: 33 (33%) held >2 years, 18 held 1–2 years, and 49 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
🚀

Acceleration phase — new buyers rushing in

11 → 10 → 7 → 21 → 34 new funds/Q
New funds entering each quarter: 10 → 7 → 21 → 34. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 48% veterans vs 47% newcomers

■ 48% veterans ■ 5% 1-2yr ■ 47% new
Entry-cohort mix of 100 holders: 48 (48%) are 2+ year veterans, 5 entered 1–2 years ago, and 47 (47%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 31% AUM from major funds

31% from top-100 AUM funds
30 of 99 holders rank in the top 100 by AUM, accounting for 31% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
5.1
out of 10
Moderate Exit Risk
Exit risk score 5.1/10 — 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 — INNV

In 2026 Q1, 70 hedge funds were net buyers of INNV (34 opened a new position, 36 added to an existing one), while 30 reduced or exited (19 trimmed, 11 sold completely) — a 70% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. 31% of total institutional value in INNV is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +23 funds (more new holders than closures). Total institutional holders: 100.

Hedge Fund Ownership: INNV

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

Market Analysis: INNV

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: INNV

-- --

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

Is It Too Late to Buy Innovage Hldg Corp (INNV) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much INNV 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 · 78d ago
INNV
+16.8%
XLV
+3.8%

INNV outperformed XLV by +13.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
INNV
+31.6%
XLV
+4.9%

Since the filing became public, INNV outperformed XLV by +26.7% .

Interpretation: The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

16 top-rated funds 0 high-conviction
Consensus
5.3
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: INNV
99 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 99 77 28.57%
13F Shares 16M 12M 38.72%
Total Value $75M $60M 25.28%
New Positions 33 21 +12
Increased Positions 36 26 +10
Closed Positions 11 5 +6
Reduced Positions 19 19 -
Total Calls 1 1 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: INNV

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

99 + investors

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

QUARTER:
Top 25 INNV holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Coliseum Capital Management, LLC 0.73% 1,114,809 $8.9M
2 Verdad Advisers, LP 0.29% 31,641 $254K
3 Inspire Investing, LLC 0.13% 198,320 $1.6M
4 Hillsdale Investment Management Inc. 0.12% 529,984 $4.3M
5 Gwn Securities INC. 0.10% 66,779 $536K
6 Integrated Quantitative Investments LLC 0.10% 67,819 $544K
7 Legato Capital Management LLC 0.05% 67,819 $544K
8 Dynamic Technology Lab Private Ltd 0.03% 26,630 $214K
9 Ritholtz Wealth Management 0.03% 248,072 $2.0M
10 Baron Wealth Management LLC 0.03% 12,959 $104K
11 D'Orazio & Associates, Inc. 0.02% 18,206 $146K
12 Occudo Quantitative Strategies LP 0.02% 41,223 $336K
13 Prelude Capital Management, LLC 0.01% 18,395 $148K
14 O'shaughnessy Asset Management, LLC 0.01% 272,540 $2.2M
15 Polymer Capital Management (US) LLC 0.01% 10,843 $87K
16 Kathmere Capital Management, LLC 0.01% 15,534 $125K
17 Renaissance Technologies LLC 0.00% 370,817 $3.0M
18 XTX Topco Ltd 0.00% 31,188 $250K
19 Costello Asset Management, INC 0.00% 1,550 $12K
20 Trexquant Investment LP 0.00% 55,244 $443K
21 Engineers Gate Manager LP 0.00% 30,300 $243K
22 Centiva Capital, LP 0.00% 40,631 $326K
23 Zacks Investment Management 0.00% 35,907 $288K
24 Strs Ohio 0.00% 64,200 $515K
25 Arrowstreet Capital, Limited Partnership 0.00% 417,538 $3.3M
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 — Innovage Hldg Corp (INNV)

What does the Smart Money Trend signal show for INNV?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added INNV 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 INNV?

More buyers than sellers — 70% buying: Last quarter: 70 funds were net buyers (34 opened a brand new position + 36 added to an existing one). Only 30 were sellers (19 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for INNV holders?

Strong quality — 31% AUM from major funds: 30 of 99 holders rank in the top 100 by AUM, accounting for 31% 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 INNV?

Mixed — 33% long-term, 49% new: Of the 100 current holders: 33 (33%) held >2 years, 18 held 1–2 years, and 49 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Innovage Hldg Corp (INNV) following the 2026 Q1 hedge fund 13F filings?

As of today, INNV has moved +31.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.9% for the XLV sector ETF — an outperformance of +26.7%. Since the quarter end (March 31, 2026), INNV has gained +16.8% vs +3.8% for XLV. The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors.

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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