Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Kezar Life Sciences Inc (KZR)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
1Q ▼
Buyers last Q
47%

Smart Money Signals — KZR

Based on 41 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their KZR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 40% of 3.0Y high

40% of all-time peak
Only 41 funds hold KZR today versus a peak of 102 funds at 2023 Q2 — just 40% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding KZR is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 47% buying

20 buying23 selling
Last quarter: 23 funds reduced or exited vs 20 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 — ~11 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 1 → 3 → 12 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 15% medium ■ 27% new
24 out of 41 hedge funds have held KZR 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

5 → 1 → 3 → 12 → 11 new funds/Q
New funds entering each quarter: 1 → 3 → 12 → 11. A growing number of institutions are discovering KZR each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 61% veterans vs 27% newcomers

■ 61% veterans ■ 11% 1-2yr ■ 27% new
Entry-cohort mix of 44 holders: 27 (61%) are 2+ year veterans, 5 entered 1–2 years ago, and 12 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 9% AUM from top-100

9% from top-100 AUM funds
14 of 40 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
1.0
out of 10
Low Exit Risk
Exit risk score 1.0/10 — 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 — KZR

In 2026 Q1, 20 hedge funds were net buyers of KZR (11 opened a new position, 9 added to an existing one), while 23 reduced or exited (10 trimmed, 13 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 41.

Hedge Fund Ownership: KZR

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

Market Analysis: KZR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: KZR

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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.

5 top-rated funds 1 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
2.5
/ 10
conviction
Hedge Fund Positioning: KZR
41 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 41 43 -4.65%
13F Shares 5M 5M 2.24%
Total Value $34M $29M 16.65%
New Positions 11 12 -1
Increased Positions 9 10 -1
Closed Positions 13 6 +7
Reduced Positions 9 17 -8
Total Calls 1 1 -
Total Puts 3 0 100%
PUT/CALL Ratio 3.0 0.0 Bearish

Statistics: KZR

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Institutional Holders (2026 Q1)

41 + investors

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

QUARTER:
Top 25 KZR holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 BML Capital Management, LLC 3.43% 720,787 $5.3M
2 Rangeley Capital, LLC 1.75% 243,073 $1.8M
3 Peapod Lane Capital LLC 0.76% 126,692 $925K
4 Aldebaran Capital, LLC 0.46% 80,335 $596K
5 Vazirani Asset Management LLC 0.38% 22,000 $163K
6 Tang Capital Management LLC 0.25% 664,314 $4.9M
7 Equitec Proprietary Markets, LLC 0.15% 38,000 $282K
8 Suvretta Capital Management, LLC 0.14% 716,759 $5.3M
9 Affinity Asset Advisors, LLC 0.09% 229,076 $1.7M
10 Equitec Proprietary Markets, LLC 0.08% 19,500 $145K
11 Ikarian Capital, LLC 0.06% 102,211 $758K
12 Yakira Capital Management, Inc. 0.05% 24,000 $178K
13 Torno Capital, LLC 0.05% 48,479 $360K
14 ADAR1 Capital Management, LLC 0.04% 81,933 $608K
15 Credit Industriel Et Commercial 0.03% 53,600 $398K
16 RBF Capital, LLC 0.01% 28,144 $209K
17 Groupe la Francaise 0.01% 80,400 $597K
18 XTX Topco Ltd 0.00% 19,495 $145K
19 Renaissance Technologies LLC 0.00% 188,426 $1.4M
20 Boothbay Fund Management, LLC 0.00% 16,210 $120K
21 Millennium Management LLC 0.00% 142,050 $1.1M
22 Caitong International Asset Management Co., Ltd 0.00% 308 $2K
23 Susquehanna International Group, LLP 0.00% 149,800 $1.1M
24 Vanguard Fiduciary Trust Co 0.00% 41,201 $306K
25 Citadel Advisors LLC 0.00% 59,403 $441K
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 — Kezar Life Sciences Inc (KZR)

What does the Smart Money Trend signal show for KZR?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their KZR 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 KZR?

More sellers than buyers — 47% buying: Last quarter: 23 funds reduced or exited vs 20 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 KZR holders?

Smaller funds dominant — 9% AUM from top-100: 14 of 40 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held KZR?

59% of holders stayed for 2+ years: 24 out of 41 hedge funds have held KZR 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.

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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