Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Exchange Listed Fds Tr (KDEF)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
5Q ▲
Buyers last Q
64%

Smart Money Signals — KDEF

Based on 24 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 5Q
For 5 consecutive quarters, more hedge funds added KDEF 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
24 hedge funds hold KDEF right now — the highest count in 1.5 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 — +167% more funds vs a year ago

fund count last 6Q
+15 new funds entered over the past year (+167% 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 — 64% buying

21 buying12 selling
Last quarter: 21 funds were net buyers (11 opened a brand new position + 10 added to an existing one). Only 12 were sellers (4 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~11 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 6 → 5 → 12 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 62% entered in last year

■ 0% conviction (2yr+) ■ 38% medium ■ 62% new
Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎

Buying through price weakness — shares +27%, value -1%

Value
0%
Shares
+26%
Last quarter: funds added +27% more shares while total portfolio value only changed -1%. 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

5 → 6 → 5 → 12 → 11 new funds/Q
New funds entering each quarter: 6 → 5 → 12 → 11. A growing number of institutions are discovering KDEF each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🌱

Early stage — 85% of holders entered in last year

■ 0% veterans ■ 15% 1-2yr ■ 85% new
Of 27 current holders: 23 (85%) entered in the past year, only 0 (0%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
📋

Smaller funds dominant — 6% AUM from top-100

6% from top-100 AUM funds
4 of 22 holders rank in the top 100 by AUM, but together hold only 6% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
6.6
out of 10
Moderate Exit Risk
Exit risk score 6.6/10 — 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 — KDEF

In 2026 Q2, 21 hedge funds were net buyers of KDEF (11 opened a new position, 10 added to an existing one), while 12 reduced or exited (4 trimmed, 8 sold completely) — a 64% buyer ratio, indicating clear institutional accumulation. This marks 5 consecutive quarters of net institutional buying — a persistent conviction signal. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 24.

Hedge Fund Ownership: KDEF

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

Market Analysis: KDEF

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: KDEF

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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.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: KDEF
22 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 22 21 4.76%
13F Shares 560K 442K 26.71%
Total Value $23M $23M -0.78%
New Positions 11 12 -1
Increased Positions 9 7 +2
Closed Positions 8 3 +5
Reduced Positions 3 2 +1
Total Calls 2 2 -
Total Puts 3 2 50.0%
PUT/CALL Ratio 1.5 1.0 Bearish

Statistics: KDEF

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Financial Highlights

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Institutional Holders (2026 Q2)

22 + investors

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

QUARTER:
Top 25 KDEF holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Spectrum Strategic Capital Management, LLC 0.99% 49,210 $2.0M
2 Pekin Hardy Strauss, Inc. 0.20% 57,034 $2.3M
3 Trek Financial, LLC 0.19% 96,887 $3.9M
4 StoneX Group Inc. 0.05% 20,148 $1.3M
5 Massar Capital Management, LP 0.03% 8,414 $341K
6 Two Sigma Securities, LLC 0.03% 7,275 $295K
7 Old Mission Capital LLC 0.02% 37,177 $1.5M
8 Byrne Asset Management LLC 0.01% 500 $20K
9 Point72 Asset Management, L.P. 0.00% 40,000 $1.6M
10 TD Waterhouse Canada Inc. 0.00% 10,875 $446K
11 Point72 Asset Management, L.P. 0.00% 20,000 $810K
12 Hrt Financial LP 0.00% 12,090 $489K
13 IFP Advisors, Inc 0.00% 1,111 $45K
14 D. E. Shaw & Co., Inc. 0.00% 20,781 $842K
15 Belvedere Trading LLC 0.00% 6,300 $255K
16 Jane Street Group, LLC 0.00% 64,330 $2.6M
17 Farther Finance Advisors, LLC 0.00% 677 $27K
18 Belvedere Trading LLC 0.00% 4,300 $174K
19 Qube Research & Technologies Ltd 0.00% 5,210 $211K
20 Raymond James Financial Inc 0.00% 15,993 $648K
21 Simplex Trading, LLC 0.00% 5,982 $242K
22 Citadel Advisors LLC 0.00% 28,800 $1.2M
23 Susquehanna International Group, LLP 0.00% 31,139 $1.3M
24 Citadel Advisors LLC 0.00% 11,400 $462K
25 PNC Financial Services Group, INC. 0.00% 1,765 $71K
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 — Exchange Listed Fds Tr (KDEF)

What does the Smart Money Trend signal show for KDEF?

Buying streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds added KDEF 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 KDEF?

More buyers than sellers — 64% buying: Last quarter: 21 funds were net buyers (11 opened a brand new position + 10 added to an existing one). Only 12 were sellers (4 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for KDEF holders?

Smaller funds dominant — 6% AUM from top-100: 4 of 22 holders rank in the top 100 by AUM, but together hold only 6% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held KDEF?

Mostly new holders — 62% entered in last year: Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

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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