Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Janux Therapeutics Inc (JANX)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
3Q ▲
Buyers last Q
59%

Smart Money Signals — JANX

Based on 192 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added JANX 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.
📊

High ownership — 91% of 3.0Y peak

91% of all-time peak
192 funds currently hold this stock — 91% of the 3.0-year high of 212 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +14% more funds vs a year ago

fund count last 6Q
+23 new funds entered over the past year (+14% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 59% buying

121 buying85 selling
Last quarter: 121 funds bought or added vs 85 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.
⚠️

Fewer new buyers each quarter (-8 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 21 → 49 → 47 → 39. 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 — 39% long-term, 35% new

■ 39% conviction (2yr+) ■ 27% medium ■ 35% new
Of the 192 current holders: 74 (39%) held >2 years, 51 held 1–2 years, and 67 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.
💰

Value +18% but shares only +2% — price-driven

Value
+18%
Shares
+2%
Last quarter: the total dollar value of institutional holdings rose +18%, but actual share count only changed +2%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

14 → 21 → 49 → 47 → 39 new funds/Q
New funds entering each quarter: 21 → 49 → 47 → 39. A growing number of institutions are discovering JANX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊

Mixed cohorts — 38% veterans, 34% new entrants

■ 38% veterans ■ 28% 1-2yr ■ 34% new
Of 200 current holders: 77 (38%) held 2+ years, 55 held 1–2 years, 68 (34%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 43% AUM from top-100 funds

43% from top-100 AUM funds
44 of 190 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in JANX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 — JANX

In 2026 Q2, 121 hedge funds were net buyers of JANX (39 opened a new position, 82 added to an existing one), while 85 reduced or exited (49 trimmed, 36 sold completely) — a 59% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 43% of total institutional value in JANX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 192.

Hedge Fund Ownership: JANX

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

Market Analysis: JANX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: JANX

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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.

11 top-rated funds 2 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
2.1
/ 10
conviction
Hedge Fund Positioning: JANX
188 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 188 189 -0.53%
13F Shares 61M 60M 0.95%
Total Value $929M $828M 12.25%
New Positions 38 47 -9
Increased Positions 79 64 +15
Closed Positions 37 33 +4
Reduced Positions 46 52 -6
Total Calls 6 8 -25.0%
Total Puts 4 4 -
PUT/CALL Ratio 0.67 0.5 Bullish

Statistics: JANX

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Institutional Holders (2026 Q2)

188 + investors

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

QUARTER:
Top 25 JANX holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Prosight Management, LP 10.07% 3,804,481 $58.4M
2 Ra Capital Management, L.P. 1.49% 11,189,693 $171.9M
3 Lion Point Capital, LP 1.40% 19,000 $292K
4 Rangeley Capital, LLC 1.37% 97,978 $1.5M
5 BML Capital Management, LLC 1.35% 154,961 $2.4M
6 Nano Cap New Millennium Growth Fund L P 0.66% 56,000 $860K
7 TCG Crossover Management, LLC 0.66% 1,789,617 $27.5M
8 Verdad Advisers, LP 0.59% 40,386 $620K
9 Nantahala Capital Management, LLC 0.41% 809,914 $12.4M
10 Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. 0.32% 376,496 $5.8M
11 ADAR1 Capital Management, LLC 0.30% 420,881 $6.5M
12 Rock Springs Capital Management LP 0.28% 367,009 $5.6M
13 Algert Global LLC 0.20% 1,110,889 $17.1M
14 HighVista Strategies LLC 0.17% 48,376 $743K
15 Orbimed Advisors LLC 0.15% 524,700 $8.1M
16 Aigen Investment Management, LP 0.10% 22,841 $351K
17 Virtus Investment Advisers, LLC 0.09% 24,130 $371K
18 Axq Capital, LP 0.08% 47,508 $730K
19 Inceptionr LLC 0.07% 18,273 $281K
20 Alyeska Investment Group, L.P. 0.07% 1,647,140 $25.3M
21 Y-Intercept (Hong Kong) Ltd 0.06% 196,487 $3.0M
22 Federated Hermes, INC. 0.05% 2,352,927 $36.1M
23 WINTON GROUP Ltd 0.04% 90,300 $1.4M
24 Fox Run Management, L.L.C. 0.03% 13,729 $211K
25 Point72 Asset Management, L.P. 0.03% 1,993,837 $30.6M
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 — Janux Therapeutics Inc (JANX)

What does the Smart Money Trend signal show for JANX?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added JANX 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 JANX?

Slight buying edge — 59% buying: Last quarter: 121 funds bought or added vs 85 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 JANX holders?

Elite ownership — 43% AUM from top-100 funds: 44 of 190 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in JANX. 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 JANX?

Mixed — 39% long-term, 35% new: Of the 192 current holders: 74 (39%) held >2 years, 51 held 1–2 years, and 67 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.

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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