Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Innodata Inc (INOD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -26
Streak
2Q ▼
Buyers last Q
48%

Smart Money Signals — INOD

Based on 226 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 INOD 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 — 89% of 3.0Y peak

89% of all-time peak
226 funds currently hold this stock — 89% of the 3.0-year high of 255 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +12% more funds vs a year ago

fund count last 6Q
+25 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 48% buying

127 buying140 selling
Last quarter: 140 funds reduced or exited vs 127 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: 60 → 78 → 50 → 44. 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.
📌

Mixed — 29% long-term, 34% new

■ 29% conviction (2yr+) ■ 37% medium ■ 34% new
Of the 226 current holders: 66 (29%) held >2 years, 83 held 1–2 years, and 77 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.
💎

Buying through price weakness — shares -5%, value -30%

Value
-29%
Shares
-5%
Last quarter: funds added -5% more shares while total portfolio value only changed -30%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

76 → 60 → 78 → 50 → 44 new funds/Q
New funds entering each quarter: 60 → 78 → 50 → 44. INOD is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
📊

Mixed cohorts — 36% veterans, 45% new entrants

■ 36% veterans ■ 19% 1-2yr ■ 45% new
Of 239 current holders: 86 (36%) held 2+ years, 45 held 1–2 years, 108 (45%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 48% AUM from top-100 funds

48% from top-100 AUM funds
47 of 225 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in INOD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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 — INOD

In 2026 Q1, 127 hedge funds were net buyers of INOD (44 opened a new position, 83 added to an existing one), while 140 reduced or exited (70 trimmed, 70 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 48% of total institutional value in INOD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -26 funds (more exits than new entries). Total institutional holders: 226.

Hedge Fund Ownership: INOD

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

Market Analysis: INOD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: INOD

-- --

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

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

Signal Freshness measures how much INOD has moved relative to its sector benchmark (XLK) 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 · 79d ago
INOD
+165.5%
XLK
+39.8%

INOD outperformed XLK by +125.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
INOD
+6.7%
XLK
+5.4%

Since the filing became public, INOD outperformed XLK by +1.3% .

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.

23 top-rated funds 1 high-conviction
Consensus
6.0
/ 10
breadth
×
Elite
1.7
/ 10
conviction
Hedge Fund Positioning: INOD
224 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 224 252 -11.11%
13F Shares 17M 18M -5.41%
Total Value $662M $941M -29.68%
New Positions 43 50 -7
Increased Positions 77 91 -14
Closed Positions 71 53 +18
Reduced Positions 67 83 -16
Total Calls 7 12 -41.67%
Total Puts 7 9 -22.22%
PUT/CALL Ratio 1.0 0.75 Neutral

Statistics: INOD

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Valuation Measures Data as of: --

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

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

224 + investors

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

QUARTER:
Top 25 INOD holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Plustick Management LLC 5.13% 275,000 $10.6M
2 Next Century Growth Investors LLC 1.03% 368,402 $14.2M
3 Marshall Financial Group, LLC 0.59% 95,923 $3.7M
4 Uniplan Investment Counsel, Inc. 0.36% 90,156 $3.5M
5 Moody Aldrich Partners LLC 0.32% 45,343 $1.8M
6 Renaissance Group LLC 0.30% 188,245 $7.3M
7 Tripletail Wealth Management, LLC 0.29% 5,475 $211K
8 Dupree Financial Group, LLC 0.27% 17,376 $671K
9 Strong Tower Advisory Services 0.18% 24,456 $944K
10 Themes Management Co LLC 0.13% 5,415 $209K
11 Quantum Portfolio Management LLC 0.12% 7,192 $278K
12 Values First Advisors, Inc. 0.12% 5,890 $227K
13 Dover Advisors, LLC 0.12% 7,240 $280K
14 Quantbot Technologies LP 0.09% 59,883 $2.3M
15 Susquehanna Fundamental Investments, LLC 0.07% 50,699 $2.0M
16 White Pine Capital LLC 0.07% 6,700 $259K
17 Blueshift Asset Management, LLC 0.07% 6,119 $236K
18 Fox Run Management, L.L.C. 0.07% 11,502 $396K
19 Jump Financial, LLC 0.07% 133,329 $5.1M
20 Keebeck Wealth Management 0.05% 11,035 $426K
21 Dark Forest Capital Management LP 0.05% 13,739 $531K
22 Compass Ion Advisors, LLC 0.05% 12,674 $489K
23 State of Wyoming 0.04% 7,949 $307K
24 Calton & Associates, INC. 0.03% 5,675 $219K
25 Archford Capital Strategies, LLC 0.03% 7,000 $270K
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 — Innodata Inc (INOD)

What does the Smart Money Trend signal show for INOD?

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

More sellers than buyers — 48% buying: Last quarter: 140 funds reduced or exited vs 127 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 INOD holders?

Elite ownership — 48% AUM from top-100 funds: 47 of 225 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in INOD. 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 INOD?

Mixed — 29% long-term, 34% new: Of the 226 current holders: 66 (29%) held >2 years, 83 held 1–2 years, and 77 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 Innodata Inc (INOD) following the 2026 Q1 hedge fund 13F filings?

As of today, INOD has moved +6.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.4% for the XLK sector ETF — an outperformance of +1.3%. Since the quarter end (March 31, 2026), INOD has gained +165.5% vs +39.8% for XLK. 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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